Finance – Page 172
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News
Brumby on Fulham Shore
Jack Brumby, analyst at Langton Capital, says Fulham Shore’s central concepts offer enough momentum and potential to be optimistic about group’s prospect
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NewsPrivate equity firms bidding for Admiral
A number of private equity bidders are in the running to acquire Admiral Taverns, the c800-strong Cerberus-backed pub group.
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SSP Q3 lfls up 3.6%
SSP Group, the travel concessions operator, has reported total revenues up 14.6% and like-for-like sales growth of 3.6% during its third quarter from 1 April to 30 June.
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JDW lfls up 5.3%
JD Wetherspoon has reported like-for-like sales up 5.3% for the 11 weeks to 9 July, with total sales up 3.6%.
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Fulham Shore FY revenues top £40m
Fulham Shore, the operator of Franco Manca and The Real Greek brands, saw revenues for the year ended 26 March 2017 climb 41.1% to £41.2m
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NewsPunch/Heineken disposals revealed
The full list of 30 pubs to be sold to assuage competition concerns over Heineken’s proposed acquisition of 1,900 Punch pubs has been revealed.
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NewsForesight confirms investment in Mowgli
Mowgli Street Food has confirmed it has secured £3.45m of new funding from private equity group Foresight Group
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Analyst corner: Rollo on pubs
Leading analyst Jamie Rollo, of Morgan Stanley, discusses why the wholesale shift into food by by most of the major pub operators over the last decade has not proved to be they antidote they may have hoped for.
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Worldpay to merge with Vantiv in £9.1bn deal
Worldpay, the UK leading payments processor favoured by bars and restaurants, has reached a preliminary agreement to merge with US rival Vantiv in a deal which values Wordpay at £9.1bn including debt.
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Worldpay receives takeover interest
Shares in the payments processing firm Worldpay have jumped 28% after the company said it had attracted takeover interest.
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Analyst corner: Jack on JDW
Leading analyst Douglas Jack at Peel Hunt has changed his recommendation on JD Wetherspoon’s shares from Hold to Reduce
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The Vurger Co hits crowdfunding target within 30 hours
The Vurger Co has exceeded its £180,000 crowdfunding target to open a permanent site within 30 hours of launch
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Booker lfls up 4.2%
Booker Group, the food wholesaler, saw like-for-like sale increase 4.2% in the 12 weeks to 16 June
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NewsAprirose acquires M&B portfolio; creates new pubco
Aprirose is to acquire a 73-strong portfolio of pubs from M&B which it will use to launch a new pub group
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Joseph Holt FY EBITDA up 4.2%
Manchester based brewer and pub operator Joseph Holt has reported a 4.2% increase in EBITDA for the year to 31 December 2016
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Plant-based concept The Vurger Co launches crowdfunding campaign
Plant-based burger concept The Vurger Co has launched a £180,000 fund-raise on crowdfunding platform Crowdcube
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NewsCarlsberg UK to acquire London Fields Brewery
Carlsberg UK is set to announce it has acquired the Hackney-based London Fields Brewery business
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Ole & Steen owner acquired in multi-million pound deal
FSN Capital to sell its majority stake in Lagkagehuset, the Danish bakery chain and operator of the Ole & Steen brand in the UK, to Nordic Capital
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Disposable income falls at steepest rate since 2013
British families suffered steepest drop in disposable income for almost four years last month
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Irvine-Fortescue: GK running hard to standstill
Mark Irvine-Fortescue, leading analyst at Panmure Gordon, has said that Greene King is “running hard to standstill”. Off the back of the pub operator and brewer’s full-year update, the analyst said that he expected a flattish profit outturn this year, with enhanced buying scale post Spirit, and operational initiatives (portfolio ...