Finance – Page 211
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News
AMT returns to profit
AMT, the travel hub coffee concession stand, has returned to profit despite reporting a fall in turnover for the 12 months to 28 December 2014
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News
Red Mist lfls up 16.5%
Red Mist Leisure, the Surrey-based managed pub operator, has reported like-for-like sales up 16.5% for the year to 31 May and is eyeing further expansion
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NewsSquare Pie closes fundraising at £681k
Square Pie, the pie & mash restaurant operator, has completed its fundraising round after raising £681,500 through online crowdfunding platform Crowdcube
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NewsSABMiller board accepts AB InBev takeover bid
The board of SABMiller has provisionally accepted a £67bn takeover bid by AB InBev.
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News
Barnfather: Pressure building on Whitbread
Leading analyst Anna Barnfather, of Panmure Gordon, has said that Whitbread’s growth story is shifting further towards capex-heavy room expansion, increasing the capital intensity of its business model, raising debt levels and lowering returns.
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Analysis & Insight
World Cup boosts consumer spending
Consumer spending growth regained some of the ground it lost over the summer in September, growing 3.7% year-on-year, helped by the start of the Rugby World Cup.
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Analysis & Insight
Household spending slows in September
Visa’s consumer spending index – which looks at total spending, not just that on credit cards – showed spending post a lift of 1.8% in September compared with the same month last year.
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NewsItsu secures new £40m funding package
Itsu has secured a refinancing package from HSBC worth £40m to fund its “ambitious international expansion plans”
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News
Sector snapshot: AB InBev/SABMiller deal no small beer
When the news surfaced of a possible merger between beer giants AB InBev and SABMiller, markets soared seeing the potential for a great deal. But with SABMiller’s board split and this morning’s efforts to drive up the asking price, nothing is certain. Finance expert Nuno Fernandes of IMD give his view on the challenges and opportunities of the deal and his five golden rules for M&A.
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News
Analyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley says he expects JDW to report like-for-like growth of around 1.5%
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News
Westons reports best year to date
Westons Cider has reported its best year to date with growth driven by its premium draught brands as well as launching its mulled cider into the off-trade
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News
AB InBev CEO urges SABMiller shareholders to lobby board
AB InBev’s chief executive has accused the SABMiller board of trying to frustrate a takeover bid and urged shareholders up the pressure on entering into discussions.
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NewsBids due for Gaucho and Ed’s
First round bids are due this week for Gaucho and Ed’s Easy Diner, the fast-growing 1950’s American diner concept
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NewsSABMiller shareholders reject AB InBev bid
SABMiller’s second-biggest shareholder has rejected AB InBev’s £65bn takeover bid.
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News
Diageo and Heineken complete stake sales
Heineken has announced its has acquired stakes in joint ventures from Diageo for $781m, taking control of Jamaica’s maker of Red Stripe beer in the process
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NewsLV to invest c£7m in Birmingham
Living Ventures is to invest c£7m over the next few years launching a number of the brands it has developed in Birmingham
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NewsQ3 sales up 1% at KFC UK
Yum! Brands has reported a 1% rise in sales growth across its c900-strong KFC UK estate in the three months eneded 5 September, with sales year-to-date up 4%
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News
Barnfather: Shep Neame gathering momentum
Leading analyst Anna Barnfather at Panmure Gordon has said that Shepherd Neame is gathering momentum
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News
Punch completes Matthew Clark sale
Punch Taverns has completed the sale of its 50% stake in the Matthew Clark drinks supply business to Conviviality in a deal worth £100.7m.
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NewsAB InBev makes SABMiller bid public
AB InBev has made a revised offer to the board of SABMiller to combine the two companies and “build the first truly global beer company”.