Finance – Page 187
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Burger King seeks investment for UK arm
Burger King’s parent company has approached private equity firms about a deal to invest in its UK operations
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Total Q3 orders up 34% at Just Eat
Just Eat has said that total orders in its third quarter were 33.3 million, showing growth of 34% year-on-year on both a reported and like-for-like basis
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NewsWasabi secures new bank funding
Wasabi, the sushi and bento chain, has secured a new £25m bank loan from HSBC to help it open 20 new sites
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Analysts corner: Brumby on Punch
Jack Brumby, of Langton Capital, gives his view on why the market has consistently mispriced Punch. He explains that the UK’s second biggest pub operator has made great strides operationally, strategically and financially, which have yet to be fully recognised.
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AB InBev reports strong Q3 for UK
AB InBev has reported that in its third quarter UK volumes were up in single digits, driven by strong performances by Budweiser and Corona.
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NewsWBB to raise £4m to expand pub estate
West Berkshire Brewery is planning a £4.2m fundraise with the principal aim of expanding its fledgling Renegade Pub Company, MCA has learnt.
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C&C: “Variability in consumer demand” in H1
The chief executive of C&C Group has said the group saw “some variability in consumer demand” during the six months to 31 August.
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Debenhams to focus on “pain points” across f&b offers
Debenhams has said it intends to focus on tackling some of the key “pain points” for customers across the food and beverage offers within its estate.
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BrewDog abandons trading day after website crashes
BrewDog’s share trading day has been rescheduled after trading platform Asset Match’s website crashed.
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BrewDog to sell 6.25m shares today
BrewDog is holding its annual share trading today, during which investors in its Equity for Punks crowdfunding programme can sell shares.
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NewsMcDonald’s UK delivers another strong trading quarter
McDonald’s has achieved its 42nd consecutive quarter of sales growth in the UK
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US fund pulled out of deal for GK package
A US investment fund pulled out of a deal to acquire the majority of the c90 pubs, which Greene King placed on the market earlier this summer
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Imbiba launches new fundraising round
Imbiba Partnership, the former backer of Drake & Morgan, has launched a new EIS funding seeking to raise £10m
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Pernod warns of Brexit impact on prices
Pernod Ricard has warned that the slump in the pound after the Brexit vote would force it to raise prices in the UK
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Time Out acquires events discovery and booking platform
Time Out Group has announced it has acquired YPlan a “mobile-first” events discovery and booking platform
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FY lfls up 5.1% at Banana Tree
Banana Tree has reported a 12.5% increase in turnover to £9m, in the year to 30 April 2016
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H1 EBITDA up 57% at Coaching Inn Group
The Coaching Inn Group has reported a 57% rise in group EBITDA to £1.04m for the first six months of the year,
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SSP to enter Indian travel F&B market
SSP Group has announced it is set to make its entrance into the Indian travel food and beverage market,
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NewsFY EBITDA up 63% at NWTC
NWTC, the Graphite Capital-backed pub restaurant group, saw sales increase 70% to £30.1m in the year to the end of March 2016
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Analyst corner: Brumby on Domino’s
Leading analyst Mark Brumby says that Domino’s UK’s main drivers of growth now appear to be splitting existing UK trading areas and acquiring stakes in overseas master franchisees