Finance – Page 213
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H1 EBITDA UP 1.1% at Richoux
Richoux Group has this morning reported a 1.1% rise in adjusted EBITDA to £790k for the 28 weeks to 12 July 2015, with turnover up 0.3% to £6.7m.
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Soho House sells 50% stake in restaurant business
Soho House Group has sold a 50% stake in its restaurant business, which oversees the Pizza East, Chicken Shop and Dirty Burger concepts
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AG Barr sees H1 turnover fall 2.8%
Soft drinks group AG Barr saw turnover from ongoing business fall 2.8% for the six months 25 July.
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Fuel reports record profits
Fuel Juice Bars, the Kings Park Capital-backed smoothie and juice concept, has reported like for like sales growth of 10% for the in 2015 as it ramps up expansion to 30 sites by the end of the year
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DP Poland sees lfl growth increase over summer
Domino’s Pizza Poland saw like-for-like system sales grow 17% in August and 18% in July.
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Polpo set for next stage of growth
Polpo is set for its next stage of growth after securing new bank funding and its first regional site in Brighton
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Darwin & Wallace secures Chiswick site
Darwin & Wallace has secured its fourth site after acquiring the All Bar One in Chiswick from M&B
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AB InBev approaches SABMiller to create “Megabrew”
SABMiller yesterday told the stock market that it had received an approach from Anheuser-Busch InBev to create an estimated $330bn (£212.8bn) company dubbed “Megabrew” by analysts
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AB InBev to bid for SABMiller
Anheuser-Busch InBev has informed SABMiller it intends to make a proposal to acquire the latter brewing brand in a deal that would make a joint market cap of £162bn
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Eagle Eye heralds “breakthrough year”
Eagle Eye, the digital loyalty company for the retail and hospitality sectors, saw group revenue increase by 165% to £4.9m in the 12 months to 30 June
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Deltic H1 lfls up 7.5%, secures new £15m banking facility
The Deltic Group saw like-for-like sales in the 26 weeks to 29 August increase 7.5%, with sales up 15.5%
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Collyer: Prudent for M&B to announce NLW plans
Leading analyst Geof Collyer has said that it might be prudent for M&B to announce what it plans to do in terms of the National Living Wage (NLW) now
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Collyer: First time no net increase in JDW estate size since FY07
On the back of JD Wetherspoon’s full-year update on Friday, leading analyst Geof Collyer has suggested that the group’s net openings figure for its current year could be zero
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Mayfair Equity moves ahead in race for YO! Sushi
Mayfair Equity Partners is believed to have jumped ahead of rival investment group Inflexion in the running to acquire YO! Sushi,
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Harry Ramsden's accelerating store growth following strong 2014
Joe Teixeira, chief executive of Harry Ramsden’s has told M&C the fish & chip chain is accelerating its store growth for 2016 and anticipates opening 10 -15 corporate units and a further 12 under franchise
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Craft Beer Co reports record turnover
Craft beer bar operator Craft Beer Co has reported an uplift of 22% in its turnover across its six bars as it prepares to make its debut in the City
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Be at One strengthens pipeline; lfls up 6%
Be At One, the Piper-backed cocktail bar chain, has secured new openings in Camden and Sheffield, as it saw like-for-like sales in the first half of its current financial year increase 6%
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Spur UK performance “disappointing”
Spur Corporation has said that the full-year performance of its business in the UK and Ireland was disappointing
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Food sales leading Wear growth
Wear Inns, the northeast pub operator, is expanding its estate using cash and existing banking facilities after a strong financial year that saw food and drink sales up following estate-wide refurbishments
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JDW FY lfls up 3.3%
JD Wetherspoon has this morning reported a 3.3% increase in like-for-like sales for the 52 weeks to 26 July, with revenue up 7.4% to £1.51bn, but pre-tax profit down 2% to £77.8m