Finance – Page 259
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News
Home of Fast Foods receives investment
Cattaneo, the Birmingham-based corporate finance firm, has made an investment in new quick service restaurant group Home of Fast Foods (Hoffs) as part of a £400,000 funding round, according to Insider Media
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NewsFlat Q2 sales for McDonald’s
McDonald’s reported relatively flat like-for like sales both in the UK and internationally with just 1% growth for the second quarter up to June 30, 2014
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'Active dining' concept Aveqia launches fundraising bid
Aveqia, the concept from Michelin Star chef David Berggren that involves groups of customers preparing and eating a meal for themselves, has launched a fundraising bid on Crowdcube to raise £300,000 by selling 10% of the business in order to expand
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Max Property Group to sell property portfolio
Max Property Group, the property vehicle of Nick Leslau and Mike Brown that owns a number of pubs, is to sell its entire property business to Marina Topco (Jersey) Limited, a company controlled by real estate firm Blackstone
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NewsBoost co-founder: juice bars 'not just a craze'
Boost Juice Bars UK co-founder Richard O’Sullivan told M&C Report that he rejects claims the juice bar market is a passing craze, as the company reports a 15% rise in like-for-like sales across its estate in the first half of 2014
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NewsJack reduces Enterprise TP
Leading analyst Douglas Jack has reduced his Target Price for Enterprise Inns to 125p and “advised caution” on the business
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NewsDomino's set for growth, 'jury out' on new management
Leading analyst Sahill Shan has reiterated his Hold recommendation for Domino’s Pizza ahead of its H1 results next Tuesday, saying that he expects to see “robust” growth in the half year but the “jury is out” on the new management team
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NewsTesco names new CEO; trading 'challenging'
Tesco, the supermarket giant that has been making further inroads into the eating-out sector, has announced the appointment of former Unilever chairman Dave Lewis as chief executive to replace Philip Clarke from 1 October
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NewsTGI Friday’s new owners to consider options for UK arm
Sentinel Capital and TriArtisan Partners, the new owners of TGI Friday’s are in the early stages of considering a sale of its British arm
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NewsSSP joins M&C20 in a week of modest recovery
The M&C20 Leisure Index staged something of a recovery following last week’s recent dramatic fall as it finished up six points at 1,160
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Analyst corner: Jamie Rollo on Enterprise Inns
Jamie Rollo of Morgan Stanley looks ahead to Enterprise Inns’ Q3 interim management statement on 7 August, saying he expects like for like net income to be up 1.5%, boosted by the Easter shift, the World Cup and good weather
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News
BGF in talks with Chaophraya
The Business Growth Fund (BGF) is in talks to invest in Chaophraya, the Thai restaurant group
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NewsEssenden H1 lfls grow 6.1%
Essenden, the tenpin bowling operator, has reported a 6.1% rise in like-for-like sales for the 26 weeks to 29 June, while growth has accelerated after England’s elimination from the football World Cup
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NewsFY pre-tax losses narrow at GBK
Gourmet Burger Kitchen (GBK), the Capricorn Ventures-backed group, reported a narrowing of pre-tax losses in the year to 23 February 2014, as it saw turnover increase 24% to £50.5m
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British Land footfall grows 2.5%
Footfall in shopping areas at premises operated by British Land Company has grown by 2.5% in the past year, the company has reported
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Crowdcube receives £3.8m investment
Balderton Capital, one of Europe’s largest venture investors, has invested £3.8m in crowdfunding platform Crowdcube, which is used by a number of operators in the eating and drinking out sector to raise money for expansion
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NewsYum! reports 6% rise in Q2 sales
Yum! Brands has reported a 6% rise in worldwide system sales for the quarter to 14 June 2014, aided by a 12% increase in sales across KFC UK
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TCR London returns to profit
TCR London has reported turnover of £12.1m for the year to 2 February 2014, up from £7.2m in the previous period, as it swung from a £190k pre-tax loss to a £19k profit
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News
Moorhouse’s: pub acquisitions are years away
David Grant, managing director of Lancashire brewer and pub operator Moorhouse’s, has told M&C Report that he doesn’t expect to restart pub acquisitions for another two or three years
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NewsSquare Pie lfls rise 22%
Square Pie, the gourmet pie shop chain, has reported strong trading for the first six months of 2014, with like-for-like sales up 22% across its five sites