Finance – Page 165
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NewsRising food prices push up inflation to five-year high
Rising food prices were one of the main contributors to the Consumer Price Index (CPI) rate of inflation reaching a five year high of 3% in September 2017.
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NewsRevolution shareholders reject Stonegate bid
Revolution Bars Group shareholders have voted against Stonegate’s £101.5m bid for the company.
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NewsRevolution shareholders deal blow to Stonegate
Stonegate Pub Company’s proposed £101.5m acquisition of Revolution Bars Group, has been placed in doubt after just 54.72% of proxy votes from the latter’s shareholder were cast in favour of the deal.
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Opinion
Timing at the bar
It’s a buyer’s market out there at the moment, or so we are told, so why is one of the sector’s most influential and successful investors currently looking to sale his stake not one, but two, of his investments?
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NewsCMA provisionally clears Just Eat acquisition of Hungryhouse
The Competitions and Markets Authority (CMA) has provisionally paved the way for Just Eat’s acquisition of Hungryhouse, finding it does not raise competition concerns.
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News
Booker reports interim lfls up 2.7%
Booker Group, the food wholesaler, has reported interim like-for-like sales up 2.7% on non-tobacco items.
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NewsMuzinich ups stake in Busaba
Muzinich, the New York-based fixed income specialist, has upped its stake in Busaba Eathai, the Phoenix Equity Partners-backed group
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News
HelloFresh attempts second IPO
HelloFresh, the German meal kit delivery business, is planning a second attempt to float on the stock exchange.
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NewsClock runs out for Deltic bid
The Deltic Group has confirmed that it is not a position to make a cash offer or merger proposal for Revolution Bars Group.
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News
Allotment eyes UK expansion
The founders of Allotment, the Manchester based gin bar concept, have revealed plans to open a collection of themed bars and restaurants across the UK
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NewsDomino’s Q3 lfls up 8.1%
Domino’s Group has this morning reported an 8.1% rise in like-for-like sales across its UK estate for the 13 weeks to 24 September
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News
Marston’s FY Destination lfls up 0.9%
Marston’s has reported like-for-like sales in its managed Destination & Premium arm up 0.9% in the year to 30 September.
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NewsWhitbread acquires remaining stake in South China JV
Whitbread has announced that Costa has acquired 49% of its South China Joint Venture from its JV partner, Yueda, for RMB 310m (£35m)
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NewsWar of words over Revolution bid intensifies
As the deadline looms for Deltic Group to make a firm offer for Revolution Bars Group, the war of words between the two sides has intensified.
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NewsJapan Centre signs JV for further retail spaces
Japan Centre is planning to open further food halls across Europe after entering a new joint venture with Cool Japan Fund
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News
Beef & Brew to crowdfund for second site
Affordable steak restaurant Beef & Brew has launched a crowdfunding campaign to open a second London site
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News
Cash still preferred payment method for many - BoE
Contactless payment transactions tripled in 2016 – but predictions of the demise of cash may be premature, according to the Bank of England’s chief cashier.
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NewsFY revenues up 12.7% at Prezzo
Prezzo, the TPG Capital-backed restaurant group, posted a 12.7% increase in revenue to £219.7m for the year to January 2017
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NewsAnalyst corner: Morgan Stanley on Costa
Leading analysts at Morgan Stanley have issued a note arguing that they believe there’s room for 530 more Costa sites in the UK
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NewsDeltic sets out Revolution merger terms
Deltic has set out the terms of its proposed merger with Revolution Bars Group.