Finance – Page 245
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News
Bradford Brewery secures new funding
Bradford Brewery has secured £300k of new funding to support its growth plans, which include the launch of a brewpub
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NewsRecovery begins for M&C20
The M&C20 significantly outperformed a falling All-share Index last week, rising 0.8% to 1,149 points compared to a 1.2% fall for the All-share ending at 976 points
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Analyst corner: Nick Batram on Spirit
Under the heading “Greene with envy” Nick Batram at Peel Hunt looks at the upcoming full-year update from Spirit
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LFLS flat at Butcome pubs
Butcombe Brewery, the Somerset-based brewer and pub operator has reported flat like-for-like sales across its pubs and a decline in revenue as it disposed of two pubs from its portfolio leaving an estate of 18
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NewsCerberus sells eight-strong pub portfolio for £54m
TIAA Henderson Real Estate has acquired a portfolio of eight central London-based freehold pubs, all let to Spirit Pub Company, from Cerberus Capital Management for £54m
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Golfrate acquires 11-strong pub portfolio
Golfrate, the London-based property management company, has acquired an 11-strong package of pubs, the majority of which are owned by Punch Taverns, in a deal funded by a new £20m loan
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NewsYoung’s completes 580 Group deal
Young’s has completed the acquisition of 580 Limited, the operator of four pubs in prime London locations, for £10.4m
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NewsSpirit to sell Earls Court pub for c£15m
Spirit Pub Company is close to completing the sale of its Prince of Wales pub to Capital & Counties Properties PLC (Capco), in a deal valued at c£15m
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NewsFrench: Renewed opportunity for M&B and TRG merger
Leading analyst Simon French at Cenkos has said he sees renewed opportunity for a nil premium, all-share merger between TRG and M&B
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Jack: Sector blowing hot and cold
Leading analyst Douglas Jack has said that in his view the outlook for the sector is mixed
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NewsEllis: Whitbread on track for another good year
Leading analyst Wynn Ellis at Numis has said he believes that Whitbread remains on track for another good year
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NewsDiageo in line with expectations
Diageo has reported that its performance in the three months to 30 September 2014 was in line with expectations
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Scottish hospitality companies pledge jobs for 16-24 year olds
Representatives from more than 75 Scottish hospitality and tourism businesses are meeting to pledge job opportunities, apprenticeships and work placements for 16 – 24 year olds
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Caffe Nero FY lfls up 2.7%
Caffé Nero has reported rise of 8.8% in revenue to £222.4m with like-for-like sales up 2.7% for the year ending 31 May 2014, as it eyes a UK estate of 750
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Booker H1 lfls up 2.4%
Booker saw total sales for the 24 weeks to 12 September climb 1.9% to £2.3bn, while like-for-like sales (excluding Makro) increased 2.4%
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Whitbread extends bank facilities
Whitbread has extended the maturity of its bank facilities until November 2019
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NewsYoung’s in talks to acquire 580 Group
Young’s is believed to be in advanced talks to acquire the 580 Group, the four-strong, London-based pub operator, in a deal valued at c£11m
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Analyst Corner: Mark Brumby - Pub Costs in 60 Seconds
Mark Brumby at Langton Capital says that excluding the national minimum wage (rising at 3%), the cost environment is better than it has been for years
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NewsTown & Country in £6.9m sale & leaseback deal
Town & Country Inns has sold a trio of leisure investments in the West Midlands to Kames Capital for £6.9m
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Responsibility Deal should be tuned into law
The Government’s Responsibility Deal should be turned into law and licensing should be introduced for fast food outlets