Finance – Page 261
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NewsYoung's lfls accelerate over summer
Young’s, the London-based pub operator, saw like-for-like sales accelerate slightly over the latter part of its most recent 13-week trading period, chief executive Stephen Goodyear has told M&C Report
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NewsJDW lfls rise 4.9%; operating margins stabilise
JD Wetherspoon has reported a a 4.9% rise in like-for-like sales for the 10 weeks to 6 July, with operating margins stabilising
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Rileys shareholders consider options for group
Shareholders of Rileys, the operator of 60 sports bars across the country, have appointed advisors to oversee options for the group, Sky News reports
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Santander commits £100m to Scottish leisure sector
Santander has committed another £70m to the Scottish hotel and leisure sectors for 2014 after already lending £30m since the beginning of the year
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Nectar Taverns placed on the market
Nectar Taverns, the north west-based pub group, has been placed on the market with a price tag of c£10m
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Food sales drive M&S growth
Marks & Spencer has reported “great quarter on food sales”, up 4% overall and 1.7% on a like-for-like basis in the 13 weeks to 28 June
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NewsYoung's managed lfls grow 7.3%; confirms new sites
Young’s, the London-based pub operator, has reported a 7.3% rise in like-for-like sales in its managed arm for the first 13 weeks of its current financial year (since 31 March), and also confirmed that it has bought another pub and exchanged contracts on two others
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NewsRoberts to head Kent brewery; raises £600k for expansion
Old Dairy Brewery, the Kent brewer founded in 2010, has raised £600,000 for expansion and announced the appointment of former Fuller’s Beer Company managing director John Roberts to lead a strengthened board as it enters a new phase, M&C Report has learnt
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NewsTiger Bills signs six-figure dual-territory franchise deal
Lifestyle Hospitality Group, the multi-brand restaurant operator, has signed an eight-country international dual-franchise deal with a hotel operator for territories within the Indian Ocean region including Sri Lanka, Mauritius, the Maldives and the Seychelles
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NewsMarston's agrees £28m newbuild funding deal
Marston’s, the brewer and pub operator, has agreed a £28m forward-funding deal with Standard Life to as part of its newbuild pub expansion programme
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NewsM&C20 sees consecutive gains in leisure sector
The M&C20 Leisure Share Index continued to climb this week as it finished up 13 points to 1,196 with very few losses across the 22 listed companies
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NewsAnalyst corner: Nicholas Batram on JDW
Nicholas Batram at Peel Hunt looks ahead to JD Wetherspoons’ Q4 interim management statement on Wednesday 9 July, saying that he expects the company’s like-for-like sales to slow but not enough to threaten forecasts
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NewsOliver invests in Hackney pub venture
Jamie Oliver has invested in the new east London pub venture being launched by Fifteen head chef Jon Rotheram, and Michelin-starred chef Tom Harris
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Nichols to pay £8m in damages
Nichols, the Vimto producer, has received a high court ruling which will require it to pay c£8m of damages to a former bottling partner in Pakistan
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NewsGreene King: 2020 vision, acquisitions, tenanted approach, analysts
M&C Report takes a closer look at the full-year results to 4 May for Greene King and talks to chief executive Rooney Anand
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Retail income up at Cineworld
Cineworld has reported a 1.4% increase increase in retail spend across its UK & Ireland estate in the 26 weeks to 26 June 2014
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C&C Group reports 'some progress' in England and Wales
C&C Group, the Irish producer of Magners cider, has said the trading environment in England and Wales has remained “challenging” for the past four months but “some progress has been made towards stabilisation of our brands and earnings” over the period
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NewsJack: 'TRG set for two blockbuster years'
Leading analyst Douglas Jack has issued a Buy recommendation for The Restaurant Group (RTN) and expects the company will be one of the main beneficiaries in the sector from the improving economy
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NewsGreene King FY PBT grows 9.4%
Greene King, the brewer and pub operator, has reported a 9.4% rise in pre-tax profits to £173.1m in the 53 weeks to 4 May, with the company saying it has now delivered four years of record results
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EPOSability acquires multi-site technology provider Opsimize
Back office management and multisite technology provider Opsimize, has been acquired by technology provider, EPOSability