Finance – Page 164
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NewsPizzaExpress offloads Firezza business
PizzaExpress, has sold its upscale pizza delivery business Firezza, in order to further focus on its eponymous brand
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NewsTurtle Bay grows FY sales 36%
Caribbean restaurant chain Turtle Bay grew sales by 36% in the year to 25 February.
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Analysts corner: Rollo on SSP
Leading analyst Jamie Rollo, of Morgan Stanley, gives his view on SSP’s upcoming results and whether the wider slowdown in rail volumes is likely to hit the operator.
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Sano launches £500k crowdfund
Sano, the healthy eating food group, has launched a crowdfunding campaign via Crowdcube to raise £500,000.
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NewsStarbucks reports Q4 lfls up 2%
Starbucks has reported global like-for-like sales up 2% in its fourth quarter to 1 October but said revenues for its EMEA segment were flat.
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NewsBakkavor scraps IPO
Bakkavor, the food service company and owner of PizzaStorm, has announced it will no longer proceed with its planned stock market flotation.
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Payne buys Blacks in Soho
Roger Payne, the entrepreneur behind the Camden Dining Group and recently acquired Chicago Rib Shack, has bought Blacks private members club in Soho.
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NewsIntu sees 2% rise in footfall in H2
Shopping centre landlord Intu has said football showed “encouraging strength” in the second half of the year to date, between 1 July and 2 November.
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NewsLoungers grows lfls 7.4%
Loungers, the Nick Collins-led, Lion Capital-backed group, saw like-for-like sales in the 24 weeks to 8 October grow 7.4%.
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Wok & Go launches crowdfunding campaign
PFC Group, the Wok & Go operator, has launched a crowdfunding campaign in order to open a flagship store in London
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Caledonia Investments sells Sloane Club for c£81m
Caledonia Investments has sold The Sloane Club in London for c£81m to Sloane Investments
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NewsRosa’s lfls up 9% in H1; eyes evolved regional model
Like-for-like sales at Rosa’s, the Thai cafe concept, are up c9% for the first half of the current financial year.
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NewsHousehold finances fall for fifth month in a row
Household finances declined for the fifth month in a row in August – for the first time in the eight years the measure has been tracked by YouGov.
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NewsBud Light drives AB InBev UK sales in Q3
AB InBev has reported top-line growth and strong momentum in its UK business for the third quarter.
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NewsC&C sees beer volumes fall in UK on-trade
Magners producer C&C Group has reported flat volumes in the UK for the six months to 31 August.
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OpinionAnalysts corner: Survival of the fittest
Leading analyst Douglas Jack, at Peel Hunt, says the story of investing in the leisure sector is “survival of the fittest”.
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Costa lfls up 0.1% in Q2
Like-for-like sales at Costa’s UK equity stores grew 0.6% in the six months to 31 August, slowing to 0.1% in the second quarter.
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City Pub Co acquired Parsons Green pub for £7.75m
City Pub Company acquired the Aragon House pub in Parsons Green for £7.75m
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Domino’s German JV to acquire Hallo Pizza for €32m
Domino’s German joint venture is to acquire 170-strong chain Hallo Pizza for €32m.
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BrewDog crowdfund may herald ‘sea change’ for sector
Crowdfunding experts have suggested that BrewDog’s £50m Equity for Punks campaign may represent a “sea change” in its use as a mainstream funding option.