Finance – Page 226
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NewsFY sales at LV nudge £80m
Living Ventures Group, the Tim Bacon-led restaurant and bar operator, saw sales increase 24% to c£80m in its most recent financial year
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NewsLeon hails momentous year
Leon has reported a 23% rise in like-for-like sales for the 12 months to 28 December 2014, a year it described as “momentous
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NewsFY lfls up 10% at Be At One
Be At One is set to establish a national presence over the next 12 months, after seeing like-for-like sales increase 10% in the year to 29 March 2015
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NewsOperators on Q1 trading
Operators including Azzurri Group, Bill’s, Cote, New World Trading Company, Pho and Leon give their views on how trading has gone over the first three months of the year
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NewsFulham Shore leads M&C20 risers
The M&C20 outperformed the market this week, rising 0.1% (1,338 points) against the All-Share’s 0.7% decline (to 1,073 points) as investors favoured domestic stocks in fear of an international slowdown
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NewsBrewDog hails “epic year” with FY profit up 69%
BrewDog has announced its sixth consecutive year of record growth, having increased its annual turnover by 64% to over £29.6m in 2014
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Booker says Q4 sales up 1% and announces restructure
Wholesaler Booker has announced sales rose by 1% year on year for the 12 weeks to 27 March.
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NewsDowning secures £6m for Oakman JV
Downing’s investment in the licensed sector has risen to c£70m as it secured a further £6m for its partnership with Oakman Inns.
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NewsPing Pong eyes further expansion
Ping Pong plans to open a further two sites in London before the end of the year after describing the last 12 months as transformational for the company
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NewsPoundPub’s Carlsberg deal allows BT Sport screenings
PoundPub, the North West-based ‘no frills’ pub concept, has signed a deal with Carlsberg which will allow it to screen BT Sport in all its outlets, M&C Report has learnt.
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NewsThwaites deal will aid Marston’s NW expansion
Marston’s chief executive Ralph Findlay has told M&C Report that the acquisition of Daniel Thwaites beer division will help it strengthen its position in the north west of England.
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Thwaites: Marston's deal will mean Inns growth
Richard Bailey, chief executive of Daniel Thwaites, has said the £25m raised from selling its beer division will allow the company to grow its Inns of Character division even quicker.
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Jack: Marston’s accretive acquisition
Leading analyst Douglas Jack, of Numis, has upgraded his forecast for Marston’s following its acquisition of Daniel Thwaites beer division.
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NewsLuminar lfs up 5.1% for Q4
Nightclub operator Luminar saw like-for-like sales rise 5.1% in the 12 weeks to 28 March.
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NewsTLG secures £10m expansion fund
Thai Leisure Group (TLG), operator of the Chaophraya and Thaikhun brands, has secured £10m of new funding from Santander to aid its expansion plans
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Neds signs international 100 site franchise deal
Neds Noodle Bar, the London-based fast food concept, has signed an international franchise deal to open up to 100 sites beginning with the UK, Germany and UAE, M&C Report has learnt
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Fulham Shore shares rise after Franco Manca deal
Fulham Shore, the Real Greek operator, has seen its share price rise 7.5% after announcing a conditional agreement to acquire the 10-strong Franco Manca chain for c£27.5m.
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Home affordability in UK cities deteriorates to 2009 levels
The past year has seen a deterioration in affordability in UK cities, driven by rising house prices across the country
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Compass predicts revenue growth of 5.5% for H1
Contract caterer Compass has said it expects to report organic revenue growth of 5.5% when it presents its H1 results in May.
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NewsFulham Shore agrees to acquire Franco Manca
Fulham Shore has conditionally agreed to acquire the 10-strong Franco Manca chain for c£27.5m