Finance – Page 255
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NewsRollo: Outlook on margins key at JDW
A leading analyst has said he expects JD Wetherspoon to report a solid pre-close update, and therefore expects no surprises with its full-year results
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NewsM&C20 stages dramatic bounce back
The M&C20 Leisure Index witnessed a steep uptick this week finishing 60 points up at 1,198 with impressive performances from the 10 biggest caps
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NewsIntertain explores investment options
Intertain has appointed advisors to help secure new investment in the business to finance its expansion plans
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News
Rock and Sole Plaice set to expand
Covent Garden’s Rock and Sole Plaice fish and chip shop is set to expand after securing new investment
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Chaophraya owner reiterates London expansion focus
Thai Leisure Group (TLG), which operates the Chaophraya and Thaikhun brands, has reiterated plans to launch in London
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NewsJack: Growth prospects remain substantial for Domino’s
A leading analyst has said that the growth prospects for Domino’s Pizza UK remain substantial
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News
Retail income up in Cineworld H1
Cineworld has announced that its retail revenue across its UK & Ireland estate was 0.7% higher than the previous year
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Analysis & Insight
Sector lfls up 2.2% in July
Managed operators in the pub and restaurant sector have delivered consistent growth for 16 months, after reporting a 2.2% increase in like-for-like sales in July, new figures show
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NewsJack: TRG H1 to be strong, H2 stronger
A leading analyst has said that he expects The Restaurant Group’s first half performance to have been strong and that its second half will be even stronger
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News
Redcomb merges with Broken Foot Inns
Redcomb Pubs and Broken Foot Inns have announced that they have completed a merger of the two businesses
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News
Max shareholders approve £447.7m sale
Shareholders at Max Property Group, the property investment vehicle, have voted in favour of the £447.7m sale of the business to Blackstone
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NewsJust Eat sees “excellent growth” period
Just Eat said it achieved “excellent growth” in the six months to 30 June 2014 with revenue up 58% to £69.8m and underlying EBITDA up 591% to £15.9m
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NewsPunch restructuring delayed
Punch Taverns has announced that the launch of its £2.3bn restructuring has been delayed, as some “additional time is required to conclude discussions between certain stakeholders”
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NewsChilango extends burrito bond
Chilango, the Mexican restaurant group, has extended its burrito bond fundraising initiative to midnight 26 August after it raised over £250k last week
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NewsAnalyst corner: Jamie Rollo on Whitbread
Jamie Rollo at Morgan Stanley looks ahead to Whitbread’s Q2 interim management statement on 9 September, predicting “solid” like-for-like sales growth of 6% for the leisure group, with a slowdown in the Hotels and Restaurants division but an acceleration at Costa
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News
Cineworld to have 'slow start' to summer box office
Leading analyst Nicholas Batram says current trading is likely to be “tough” for Cineworld, with an apparent “slow start” to the summer box office, although he’s more positive about the group’s longer term performance
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NewsM&C20 hits eight-month low
The M&C20 Index dipped again this week, with shares falling 1.3% to an eight-month low of 1,138. However, it did outperform the All Share Index, which saw a decline of 1.7% to reach 1,014
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NewsEnterprise: Q3 underlying growth was 1.1%
Underlying like-for-like net income growth for Enterprise Inns in the third quarter of 2014 was 1.1%, taking out the positive impact of the football World Cup and a later Easter
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News
Collyer: ETI on its way to rehabilitation
A leading analyst has said that in the context of Enterprise Inns recent history, positive growth for four consecutive quarters should not be underestimated
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News
Reet Ale Pubs takes over Blue Bee Brewery
Sheffield-based pub group Reet Ale Pubs has completed the takeover of Blue Bee Brewery