Finance – Page 204
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NewsMarston’s completes c£25m sale and leaseback
Marston’s has completed the sale and leaseback of a seven-strong package of new build pubs in a deal worth £25.32m
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NewsTerror attacks impact Starbucks Q1 sales
The terrorist attacks in Paris had an impact on Starbucks first quarter performance in EMEA with same store sales up by just 1%
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NewsBRH buys Cinnamon Collection
Harry Ramsden’s backer Boparan Restaurant Holdings (BRH) has acquired the three-strong Cinnamon Collection.
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NewsBill’s FY turnover to reach £110m
Bill’s is on track to report turnover of £110m for the year to the end of July 2016, with EBITDA set to be over £15m
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SABMiller UK volumes up 2%
SABMiller has reported net producer revenue up 7% in the UK for the third quarter ended 31 December.
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B&K eyes growth after strong start to FY
Brewhouse & Kitchen has reported like-for-like sales up 17% in its uninvested estate and 79% for those which have received investment in its first quart to December.
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NewsCollyer: 2015 the worst year for forecast downgrades
Leading analyst Geof Collyer at Deutsche Bank leisure has argued that 2015 was the worst year since 2009 for forecast downgrades
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Analysts corner: Rollo on M&B, JDW and GK
Leading analysts Jamie Rollo has said key questions over the next few weeks will centre around Mitchells & Butlers, JD Wetherspoon and Greene King.
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TRG shares slump; on track to produce double-digit profit growth
More than £230m was wiped off the value of The Restaurant Group (TRG) yesterday as it reported a dip in like-for-like sales
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Crowdcube to open Manchester office
Crowdfunding platform Crowdcube is expanding into the North of England, with an office opening in Manchester in February.
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NewsTRG FY lfls up 1.5%; cautious on outlook
The Restaurant Group has this morning reported a 1.5% increase in like-for-like sales for the 52 weeks ended 27 December 2015 but said that it was more cautious than previously on the outlook for 2016
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McGettigan’s secures first UK site
Glendola Leisure has sold its leasehold interest in Brogan’s, Fulham Broadway, to global bar operator McGettigan’s for an undisclosed sum.
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FY revenue up 24% at Corbin & King
Corbin & King, operator of The Wolseley, reported a 24% increase in revenue to £43.8m in the year to 29 March 2015
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Cabana FY turnover breaks £10m mark
Cabana saw turnover climb 27% in the year to the end of 2015 to £10.4m, with October marking its first £1m month (net)
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Asahi lines up bid for Peroni and Grolsch
Japanese drinks company Asahi is understood to be lining up a $3.4bn bid for Peroni and Grolsch.
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Cineworld UK FY retail sales up 11.4%
Cineworld has reported retail sales in the UK and Ireland up 11.4% for the 12 months to 31 December.
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Just Eat reports FY order growth of 57%
Just Eat, the online platform for takeaways, has reported like-for-like order growth of 46% for the year to 31 December 2015.
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NewsCote acquires Jackson & Rye
Cote, BC Partners-backed group, has acquired Jackson & Rye and Limeyard from Richard Caring, with plans to roll out both fledgling concepts
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Christmas trading 2015 round-up
M&C talks to some of the sector’s leading operators to find out how they fared during the Christmas period. Here is a summary of their responses
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NewsGlobal firms ‘will target more craft brewers in 2016’
Global beer giants will continue to target craft brewers for fear of losing market share but further opportunities within the UK market may be limited, according to Peter Hansen, of Sapient Corporate Finance.