Finance – Page 237
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News
FY PBT up 37% at Chameleon
Chameleon Bar & Dining has reported an increase in pre-tax profit of 37% to £115k in the year versus £84k in the previous year
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STK signs Walt Disney deal
The ONE Group is to open a site under its premium steak restaurant brand STK in Disney Springs at the Walt Disney World Resort in Florida
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Andrew Griffiths calls for beer duty cut hat-trick
All Party Parliamentary Beer Group chairman Andrew Griffiths MP has urged the Government to consider a further cut in beer duty in the 2015 Budget.
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Analyst corner: Brumby on cheaper petrol
Brent Crude dips below $60, but what does it mean for the consumer asks leading analyst Mark Brumby at Langton Capital.
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Krispy Kreme signs deal with Center Parcs
Doughnut retailer Krispy Kreme has signed a deal with Center Parcs to provide self-service cabinets in its five sites across the UK from this month.
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Campaign for 2% duty cut for wines and spirits launched
The Wine and Spirit Trade Association (WSTA) and Scotch Whisky Association (SWA) has launched its campaign to lobby for a 2% cut in duty on wine and spirits.
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NewsAnalyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley says he expects Q2 like-for-like sales growth at JD Wetherspoon to slow down to c3-4%
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Bar operator enters Virgin Rail deal
The operator of a new bar in Carlisle Railway Station is working with Virgin Rail to study the feasibility of introducing the concept to more stations across the network, M&C Report has learnt
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NewsPre-Christmas lull for M&C20
The usual December rally in the stock markets has yet to materialise this year as the All-Share Index fell 5% to 995 points while the M&C20 was down 2.8% to 1,208 points
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NewsBatram: Platform in place at M&B for improvement
Leading analyst Nick Batram has said that the platform is now in place to drive through an improvement in revenues at M&B
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Analysis & InsightHow to exit: Preparing for sale
In BDO’s latest Restaurant and Bars Report, Paul Viner, ex-finance director of Giraffe, gives his insight into how to prepare your business for sale, what to look out for and how to maximise the opportunity as painlessly as possible
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NewsElectra leading race for TGI Friday’s
Electra Partners, the private equity firm, is believed to have edged ahead in the race to acquire the UK arm of TGI Friday’s, which is valued at c£250m
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NewsJack: TRG best placed to outperform
Leading analyst Douglas Jack at Numis believes that the combination of rising consumer disposable income and strong cinema prospects leaves TRG best placed to outperform operationally next year
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News
Numis on Whitbread: Strong trading momentum
Wyn Ellis at Numis has reiterated an Add recommendation for Whitbread after Q3 results this morning showing like-for-like sales of 6%.
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NewsPeach Pubs lfl sales up 4% for Q3
Peach Pubs has reported an 18% hike in Christmas party bookings compared to last year and lfl sales up 4% for the quarter.
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NewsWhitbread Q3 lfl sales up 6%
Whitbread has reported like-for-like sales of 6% for the 13 weeks to 27 November, with Costa up 5.2%.
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NewsYum! cuts FY profit forecast again
Yum! Brands, the owner of the KFC and Pizza Hut brands, has again cut its full-year profit forecast, due to slower sales in China
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News
Scottish start-ups receive £1m
Scottish start-up companies will receive more than £1m of investment in loans and grants from the ScotEdge awards in Edinburgh
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NewsFrench: Costa should be demerged to maximise potential
Leading analyst Simon French has as Costa’s international division returns to profitability he thinks the likelihood of a demerger of the brand will increase
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NewsMEATliquor eyes £7m fundraising
MEATliquor has launched a fundraising round with the aim of securing £7m of new funds to grow from six to 12 sites by the end of 2017