Finance – Page 190
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Shepherd Neame grows FY managed lfls 4.4%
Shepherd Neame’s coastal pubs drove growth in the year to 25 June with like-for-like managed sales grew 4.4%.
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NewsLfls up 8% at The Alchemist
The Alchemist, the cocktail bar and restaurant concept, has seen like-for-like sales climb 8% in the year to date across its existing estate
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NewsLoungers lfls up 4.8% post Brexit
Loungers, the Nick Collins-led café/bar/restaurant group, posted like-for-like sales for the 12 weeks post Brexit of 4.8%
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Analysts corner: Barnfather on Young’s
Leading analyst Anna Barnfather, of Panmure Gordon, gives her views on the prospects for Young’s, including her admiration for its strong portfolio but concerns over London trading post-Brexit
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Barnfather: M&B is a recovery story that is yet to deliver
Leading analyst Anna Barnfather at Panmure Gordon has said that Mitchells & Butlers (M&B) remains a recovery story that is yet to deliver
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Barnfather: Shepherd Neame “gathering momentum”
Leading analyst Anna Barnfather, of Panmure Gordon, has said Shepherd Neame is “gathering momentum”.
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Barnfather: Pubs & restaurant sector remains broadly positive
Leading sector analyst Anna Barnfather at Panmure Gordon has said that the outlook for pubs and restaurant sector remains broadly positive
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NewsBarnfather: TRG investors will need more reassurance
Leading analyst Anna Barnfather at Panmure Gordon has said that investors in The Restaurant Group (TRG) will require further reassurance before the group’s stock can re-rate
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Pronto to shut down
Pronto, a London-founded healthy food delivery startup, is shutting down after running out of funds to sustain itself
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Adjusted H1 EBITDA up 91% at Everyman
Everyman Group, the growing cinema chain, has reported a 91% increase in adjusted EBITDA for the six months to the end of June 2016
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Prezzo FY revenue up 13%
Prezzo, the TPG Capital-backed restaurant chain, has reported revenue for the year to 3 January up 13% to £213.8m.
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Caledonia completes Liberation acquisition
Caledonia Investments has completed its £118m acquisition Channel Islands-based brewer and pub operator, the Liberation Group.
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Kings Park takes stake in 7Bone Burger Co
Kings Park Capital, the private equity backer of Abokado and Fuel Juice Bars, is to back the expansion of 7Bone Burger Co
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Adjusted H1 EBITDA up 9.2% at Comptoir
Comptoir Group, the operators of Comptoir Libanais, has reported a 9.2% rise in adjusted EBITDA to £1m for the six months to 30 June
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Analyst corner: Brumby on over-expansion & fabricated demand
With The Restaurant Group and Ed’s Easy Diner having said that they are to dispose of units, leading analyst Mark Brumby at Langton Capital says the pair are unlikely to be the last operators to trim their estates
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Paul UK lfls up 3.5%
Paul UK, the French bakery and café brand, has seen like-for-like sales increase 3.5% in the year to date
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Tabun Kitchen eyes nine sites in next three years
Tabun Kitchen, which aims to be the first casual Palestinian chain, is seeking £200,000 investment to kickstart a growth plan of opening nine new outlets over the next three years.
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NewsWagamama Q1 lfls up 9.8%
Wagamama has reported a 9.8% increase in like-for-like sales in the first quarter of its current financial year
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Applegreen signs deals with global health chain
Increased food sales helped Applegreen to grow profit in the first half of the year, as it opened its first site in partnership with Freshii
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C2 sees FY sales rise 5%
C2 Investment Ltd, owners of Lancaster Brewery and a number of venues across Lancashire and Cumbria, saw sales increase 5% to £5.75m in the year ending January 2016.