Finance – Page 186
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Brasserie Bar Co reports strong trading
Brasserie Bar Co has reported strong trading across both its Brasserie Blanc and White Brasseries estates
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NewsFY destination & premium lfls up 2.3% Marston's
Marston’s has this morning reported its preliminary results for the 52 weeks to 1 October 2016, with like-for-like sales up 2.3% across its Destination and Premium division
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Analyst corner: Brumby on overexpansion
Leading analyst Mark Brumby at Langton Capital looks at how “cheap cash & crowd-funding have ‘supply-pushed’ capacity”
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NewsFY EBITDA up 21% at Busaba
Busaba Eathai has reported a 21% increase in group EBITDA to £2m for the year to 28 May 2016
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MOD Pizza raises further expansion war chest
MOD Pizza has raised a further $42m (£33.9m) of new investment to aid its continued expansion in the US and the UK
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Hawthorn poised for further growth following year of investment
Hawthorn Leisure recorded a £9.5m pre-tax loss in 2015, but said the year saw an infrastructure put in place that would allow it to grow both its tenanted and leased and managed operations.
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Black Sheep strengthens board and prepares for fundraise
Black Sheep Brewery has strengthened its board and prepared the ground for further fundraising during an “interesting year” for the north Yorkshire based company.
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Cairn Group acquires £75m hotel package
North East hotel and bar operator Cairn Group has acquired five former Hotel Collection properties for £75m
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Land Sec: We anticipate a weakening of net effective rental values
Land Securities has said that occupational demand for London space has dropped below the 10-year average whilst supply increased
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Private equity circles Rhubarb
A number of private equity groups have shown an interest in acquiring a stake in Rhubarb
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H1 revenues up at Center Parcs
Half-year revenue and profit climbed at holiday park operator Center Parcs
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Shake Shack Q3 sales up 2.9%
Shake Shack has reported that its same-Shack sales were 2.9% for the third quarter of 2016
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Carlsberg reports decline in Q3 revenue
Carlsberg has reported a 4% decrease in its net revenue to DKK17.53bn (£2.07bn) for the third quarter of the year
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Giraffe paid £8.75m for Ed’s Easy Diner
Giraffe acquired Ed’s Easy Diner, which at one point was valued at c£90m, for just £8.75m
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CPL acquires stake in UK Legion Marketing
CPL Training Group has entered into an agreement to acquire a 50% joint-venture share in UK Legion Marketing
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Tasty raises £9m to fund further Wildwood expansion
Tasty, the Wildwood operator backed by the Kaye family, has raised £9m via a new share placing to fund the further expansion
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Monty’s Deli crowdfunds for permanent site
Monty’s Deli, the south London Jewish deli market stall, has launched a £50,000 Kickstarter fundraising campaign to open its first restaurant, having already reached £30,000 in three weeks.
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Analyst corner: Brumby on JDW
Following its trading update yesterday, leading analyst Mark Brumby at Langton Capital reports on the subsequent JD Wetherspoon conference call
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Innis & Gunn raises £960k in 48 hours
Innis & Gunn has attracted 95% of its £1m crowdfunding target within 48 hours of launching.
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US investment vehicle acquires Chapman Group
Dominion Hospitality has acquired the Chapman Group, which owns and manages 28 hotels and pubs in the south of England