Finance – Page 209
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News
Batram: Potential for momentum to increase at TRG
Leading analyst Nick Batram at Peel Hunt has said that the long-term dynamics of increased eating out should be positive for TRG
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Intu reports improving footfall
Intu, the shopping centre landlord, has reported that year-on-year footfall to date is marginally up in the UK. Announcing its trading update for the three months 6 November, the company said it was on target for a return to like-for-like net rental income growth for the year as a whole ...
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Q3 underlying net income down at MillerCoors
MillerCoors has reported lower third quarter underlying net income but higher net revenue per barrel. The company said that underlying net income declined 8.6% to $344.4m in the quarter versus the same period in the prior year, driven by lower volume and increased marketing investment, partially offset by lower cost ...
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Collyer: ETI entering brave new world
Leading analyst Geof Collyer at Deutsche Bank has said that Enterprise Inns is entering a brave new world where value should become clearer
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NewsBeany Green to open at Nova Victoria
Beany Green, the Australian-inspired restaurant and coffee shop, will open at the Nova development in Victoria as one of two sites for 2016 after hitting its funding target on Crowdcube in under 24 hours
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News Barnfather: JDW significantly exposed to labour inflation
Leading analyst Anna Barnfather at Panmure Gordon has said that JDW faces stiff competition from the surge in supply of casual dining chains
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AB InBev and SABMiller request further extension
The board of SABMiller has asked for a further extension to the deadline for talks over ABInBev’s proposed £68bn takeover of the brewer
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NewsJDW Q1 lfls up 2.4%
JD Wetherspoon has this morning reported a 2.4% rise in like-for-like sales for the 13 weeks to 25 October 2015, with total sales up 6.1%
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NewsDavies: Pinto deal transformational for Barburrito
Morgan Davies, chief executive of Barburrito, has told M&C that the group’s acquisition of Pinto Mexican Kitchen is a “transformational” deal
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NewsChilango hits £1m in first week
Mexican restaurant Chilango has surpassed its £1m fundraising target in its first week on CrowdCube
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NewsFulham Shore agrees Bukowski franchise agreement
Fulham Shore has entered into a franchise agreement with Bukowski Grill, the London-based charcoal-grill restaurant and bar concept
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NewsBarburrito acquires Pinto Mexican Kitchen
Barburrito has agreed to acquire Pinto Mexican Kitchen, its five-strong, Scotland-based rival
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NewsKornicis sold for c£10m
Kornicis Group, the London-based bar and restaurant operator, has been acquired in a deal thought to be valued at c£10m.
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NewsGK overtakes M&B on market cap
Greene King has replaced Mitchells & Butlers as the UK pub and restaurant company with the largest market cap after its acquisition of Spirit Pub Company.
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Analyst corner: Rollo on M&B
Leading analyst Jamie Rollo, of Morgan Stanley, says he expects new Mitchells & Butlers chief executive to update the market on the company’s mitigation of the pressures of the National Living Wage next month.
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NewsLondon Union launches £3.5m crowdfunding campaign
London Union, the parent company of Street Feast, has launched a crowdfunding bid to raise £3.5m to build a world class street food market in London by 2017
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NewsPonti's trims estate to reduce losses
The Ponti Group, operator of Ponti’s Italian Kitchen and Caffe Italia, has confirmed it has reduced its operating losses following estate consolidation and refurbishing its sites
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NewsLeon secures £11.5m funding for growth
Healthy fast-food concept Leon has secured a funding package worth £11.5m from new banking partner, HSBC.
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BK and Tim Horton parent co returns to profit
Burger King and Tim Horton’s parent company, Restaurant Brands International, has reported net income of $182.9m in the third quarter, after a loss of $23.5m for the same period last year
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C&C sees H1 profit fall, monitors acquisition targets
Magners producer C&C Group has reported operating profit down 9.5% in the six months to 31 August, reflecting a ‘challenging period in core markets’.