Finance – Page 229
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NewsChilango closes crowdfunding at £3.4m
Chilango has closed its latest crowdfunding round at £3.4m, with its largest investment of £400k coming in a day before the fund raising ended
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OpinionFunding growth
Santander’s Andrew Tully reflects on his experiences working with casual dining restaurant chains before, during and after the recession – how and why some strategies worked – and looks at financing options
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NewsFY pre-tax losses widen at Giraffe
Giraffe saw pre-tax losses for the year to 1 March 2015 widen from £147.1k to £4.06m, while turnover increased from £44.5m to £55m
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NewsAB InBev confirms plans to sell Grolsch, Peroni and Meantime
AB InBev has confirmed it intends to explore the sale of a number of SABMiller’s premium brands, including Peroni, Grolsch and Meantime.
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NewsCMA approves bowling merger
The Competitions and Markets Authority has approved the Original Bowling Company’s acquisition of Bowlplex.
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NewsLondon Union raises £2.5m toward expansion
London Union, parent company of Street Feast, has announced it has raised £2.5m on crowdfunding platform Seedrs
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NewsLiberation Group to review its options
Liberation Group has appointed advisors to review its options, which could lead to a sale of the business
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NewsFY pre-tax profit nears £5m at Turtle Bay
Turtle Bay, the Piper-backed Caribbean chain, saw FY pre-tax profit increase by 131% to £4.5m and turnover climb from £9.9m to £26m
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NewsPrivate investors take majority stake in Cubitt House
A group of private investors has taken a majority stake in Cubitt House, the four-strong, London-based gastropub operator, in a deal which is believed to value the business at c£25m to £27m
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Analysis & InsightAzzurri hails transformational year
The Azzurri Group, operator of ASK, Zizzi and Coco di Mama, has hailed 2015 as a transformational 12 months for the group, after reporting a 16.5% increase in EBITDA to £31.8m for the year to 28 June
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News
Analyst corner: Collyer on M&B
Leading analyst Geof Collyer at Deutsche Bank believes that the Mitchells & Butlers (M&B) supertanker has finally turned the corner but estimates that progress to full steam ahead is 18-24 months away
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Analysis & Insight
Sector snapshot: Turning investors’ heads
The proliferation of the eating-out sector is attracting increased interest from investors, but gaining their attention and cash requires more than just a great idea, four leading investors have revealed
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NewsSSP FY lfls up 3.7%
Travel food concession operator SSP has reported like for like sales up 3.7% for the 12 months to 30 September driven by growth in air passenger travel and retailing initiatives
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News
Deliveroo raises $100m to expand beyond Europe
Deliveroo has raised a further $100m (£66m) from a group of venture capital funds to fuel its international expansion
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Lifestyle Hospitality launches £500k crowdfund
Lifestyle Hospitality Group has launched a crowdfunding push to raise £500,000 for the expansion of its better burger brand, Burgerfest.
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French: Acquisitions to feature on M&B’s agenda
Leading analyst Simon French has said that given the impressive progress made with the integration of Orchid, acquisitions will feature on M&B’s agenda
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NewsBatram: PV update should make pleasant reading
Leading analyst Nick Batram at Peel Hunt has said that the second full-year update as a listed company from Patisserie Holdings should make for “pleasant reading”
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Analysis & InsightAnalyst corner: Rollo on alcohol consumption
Research from Morgan Stanley shows that the trend in declining UK alcohol consumption has recently slowed and suggest that wet-led pubs now appear to be outperforming food-led pubs
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Analysis & InsightFollowing the crowd
Crowdcube founder Luke Lang shares his tips on what makes a pitch stand out and give his insight into who and what drives the funding process. At the sames time, the founders of Chilango, Sourced Market and Square Pie share their crowdfunding experiences
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NewsNetwork Rail Q3 retail sales up 4.47%
New retail sales results from Network Rail’s managed stations revealed that 63.2 million people – almost equivalent to the entire UK population – visited a station retailer between July and September