Finance – Page 246
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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
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NPR in H1 up 11% for SABMiller in the UK
SABMiller has reported an 11% rise in net producer revenue (NPR) in the UK in the six months to 30 September 2014
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Harwood: Transformational programme at Essenden a success
A leading analyst has said that the strong progress made by Essenden in the current year demonstrates the success of the group’s transformation programme
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NewsAnalyst corner: Jamie Rollo on JDW
Jamie Rollo at Morgan Stanley says he expects Q1 like for like sales growth of c. 5-6% for JD Wetherspoon, in-line with the first six weeks of the quarter.
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NewsKFC UK Q3 sales up 9%
KFC UK & Ireland experienced a 9% increase in sales in the three months to 6 September, while sales climbed 11% in the year to the same date
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Analysis & InsightM&A market back with a boom
Two potential deals are keeping City gossip hot at the moment, but they are very different types of bid. One company is categorically saying no to an offer while silence rules the other tender, Dominic Walsh tells all
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FY EBITDA up 3.8% at Soho House UK
Soho House has reported a 3.8% increase adjusted EBITDA to £9.3m for the year to 29 December 2013
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Black Sheep climbing out of the red
Black Sheep Brewery reduced its losses in the year to the end of March 2014 and pledged to return to profitability in 2015
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NewsM&C20 falls back with markets in sell mode
The FTSE All-Share was down 2.3% while the M&C 20 fell 4% to 1140, reports Will Brumby of Langton Capital
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Natwest and RBS launch £1bn small business fund
RBS and NatWest have launched a £1bn Small Business Fund aimed at supporting small businesses across the UK
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NewsStonegate performance in line with sector
Stonegate Pub Company, the TDR Capital-backed group, has traded positively and in line with its peers throughout this year
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NewsPunch restructuring completed
After more than two years of negotiations, Punch Taverns is entering a new phase after finally completing the restructure of its £2.4bn debt
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Jack: Punch more attractive than Enterprise
Leading analyst Douglas Jack at Numis has said that after its successful restructure he views Punch Taverns as more attractive than Enterprise Inns
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NewsFY losses narrow for GRS Pubs
GRS Pubs, the tenanted pub group formerly owned by London Town, reduced operating losses from £626k to £66k in 2013 as it sold a further 15 pubs and saw “significant trading improvement”, M&C Report has learnt
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Vianet: trading ahead of last year
Vianet has said that trading in the half year to 30 September 2014 “was ahead of the same period last year and in line with the Board’s growth expectations
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Quiz the Nation beats CrowdCube target
Quiz the Nation, the national pub quiz that will be hosted by Krypton Factor host Gordon Burns, reached its fundraising target of £195k in 14 days through the CrowdCube platform
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Warm summer spikes Carlsberg's FY profits
Carlsberg UK has reported a “successful year” as profits soared for the year ending December 2013 in which it saw a volume spike in demand during the warm summer
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Turnover falls 4% at Theakstons in "momentous" year
Theakstons, the North Yorkshire brewer, has reported a 4% fall in turnover to £9.6m for the year ending December 2013 after agreeing long-term commercial and financial arrangement with Heineken UK in what it has called a “momentous” financial year
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NewsAnalysts positive on Marston’s update
A number of leading analysts have reacted positively to this morning’s trading update from Marston’s
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NewsMarston's Destination and Premium lfls rise 3.1%
Marston’s, the brewer and pub operator, has reported a 3.1% rise in like-for-like sales in its Destination and Premium arm for the year to 4 October, and said it expects to report underlying operating profit broadly in line with expectations following “sound progress” in the period