Finance – Page 188
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NewsGeneral Atlantic acquires stake in Joe & the Juice
Global growth equity investment firm General Atlantic has acquired a minority stake in Danish juice bar concept Joe & the Juice.
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NewsD&D set to complete refinance
D&D London is set to complete a refinancing this week of its £25m revolving debt facility
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Sky Q1 lfls up 5%
Sky has reported revenues up 5% in the UK & Ireland in its first quarter, which it said was driven by June’s price rise and an extended range of services but offset by weakness in the UK television advertising market.
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Booker non-tobacco lfls up 0.1% in H1
Booker Group saw like-for-like non tobacco sales rise slightly by 0.1% for the 24 weeks to 9 September.
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Vianet ‘strengthens market position’ in H1
Vianet has said that its beer flow monitoring operations, including iDraught, have continued to strengthened their market position, as it updated the market on its half year performance.
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NewsBoparan confirms Ed's Easy Diner deal
Boparan has confirmed the acquisition of 33 Ed’s Easy Diner sites, which have been added to the Giraffe business it acquired earlier this year
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Asahi completes Miller Brands takeover
Asahi has completed its acquisition of Miller Brands UK, in a deal worth c£2.2bn.
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Zonal acquires stake in High Level Software Ltd
Zonal Retail Data Systems has acquired a majority stake in hotel software company, High Level Software Limited (HLS)
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Destination & premium lfls up 2.3% Marston’s
Marston’s has this morning announced that like-for-like sales across its Premium & Destination division were 2.3% ahead of last year
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AB InBev completes SABMiller acquisition
AB InBev has completed its £79bn takeover of SABMiller to create the world’s biggest brewer.
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SSP not in running for Ed’s
Travel concession operator SSP is not in the running for Ed’s Easy Diner, which was brought back to the market last month
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M Restaurants breaks through £1.5m target
M Restaurants, the Martin Williams-led group, has surpassed the £1.5m target it was looking to raise through crowdfunding
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RCapital & SSP in the running for Ed’s
RCapital and SSP are both believed to be in the running to take on Ed’s Easy Diner
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Analyst corner: Burns on TRG
Leading sector analyst Karl Burns at Investec has said that The Restaurant Group (TRG) remains in a difficult spot with declining LFL sales, rising cost inflation and an uncertain outlook
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NewsPeyton & Byrne reviews options
Peyton & Byrne, the group led by restaurateur Oliver Peyton, has appointed advisors to explore its options
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Spirit pub freehold acquired for £2.34m
On behalf of OLIM Property Ltd, Coffer Corporate Leisure has completed the freehold acquisition of the Old Bell public house, in Old Oxted near Reigate
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Turtle Bay site sold for £1.18m
Birmingham Properties Group (BPG) has sold a restaurant unit let to Turtle Bay in Birmingham to a private investor for £1.18m
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Chipotle UK FY turnover up 11.8% but losses deepen
Chipotle UK saw turnover grow 11.8% to £8.2m in the year to 31 December but recorded a £4.7m operating loss.
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FY lfls up 5% at IRC
Individual Restaurant Company has reported a 5% increase in like-for-like sales for the year to the end of March 2016
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Burns: Changing capex cycle
Leading analyst Karl Burns at Investec believes like-for-like sales growth will be driven by increasing capital investment moving forward