Finance – Page 264
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News
Analyst corner
Leading analyst Jamie Rollo of Morgan Stanley Leisure has said Wetherspoon needs to hit 5.4% like-for-like sales growth in its fourth quarter to be in line with the full year estimate set by the analyst firm
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News
Firezza secures new investment and Pizza Lupa
Firezza has acquired a controlling stake in rival brand Pizza Lupa and has plans to grow to 25 sites over the next three years,
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NewsLoungers FY EBITDA grows 52%
Loungers has reported a 52% rise in EBITDA before central overheads to £6.7m in the year to 27 April as like-for-like sales grew 5.1%, and said its Lounge format could “easily” exceed 350 sites
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News
Staycations on the rise
The number of Brits choosing to holiday at home is on the up as consumer spending confidence begins to grow people are buying holidays in the UK
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NewsChilango’s Burrito Bond attracts key industry players
Chilango, the Mexican fast-food concept, has already raised more than £207,000 of its £1m fundraising target after the first day its mini bond, or Burrito Bond, has been available on CrowdCube
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NewsJack: Spirit shares are 'arguably undervalued'
Leading analyst Douglas Jack has said Spirit Pub Company’s shares are “arguably undervalued” following its Q3 update yesterday
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Five Guys lifts Bluewater
Bluewater, the 1.6m sq ft shopping centre owned by Land Lease, saw sales of its catering brands rise 11% in May against the same month last year, fuelled by the opening of Five Guys there in April
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News
Equity investors focus on out of town restaurant sites
Equity investors in the leisure sector are increasingly interested in restaurants outside of London away from the high street for investment opportunities
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NewsPizza Hut UK to accelerate refurbs, reports FY operating profit
Pizza Hut UK plans to accelerate its refurbishment programme next year by investing in a further 90 restaurants, after seeing like-for-like sales at invested sites grow 20 to 25% on average, CEO Jens Hofma has told M&C Report
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NewsFuller's buys 51% stake in cider and pizza restaurant business
Fuller’s, the London-based brewer and pub operator, has acquired a 51% stake in The Stable, a six-strong craft cider and pizza restaurant business for £7.3m
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NewsSpirit Q3 managed lfls rise 6%
Spirit Pub Company has reported a 6% rise in like-for-like sales in its managed estate in the 12 weeks to 24 May, with like-for-like net income in the leased arm accelerating to 5.3%
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NewsBath Ales adjusted EBITDA nears £1m
The parent company of Bath Ales, the brewer, pub and restaurant operator led by Robin Couling, achieved EBITDA of c£950k in the year to 31 August 2013 on turnover up 37% to c£14m when adjusted for a consolidation process that concluded at its year-end
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NewsBrewDog: seven more bars for 2014
BrewDog, the Scottish brewer and pub operator, has confirmed plans to open a further seven bars this year and four more BottleDog off-licences
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NewsUK lifts McDonald's in Europe
A “positive” performance in the UK and France helped McDonald’s lift comparable sales in Europe by 0.4% in May, as global comparable sales grew by 0.9%
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News
Statutory code affects Vianet’s profit line
Vianet, the beerflow monitoring company formerly known as Brulines, reported revenue of £18.35m, down from £21m, and pre-tax profit of £1.56m across its portfolio of vending monitoring equipment for the year to 31 March 2014
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News
Bitters ’n Twisted FY lfls grow 3%
Bitters ‘n Twisted, the Midland-based pub and restaurant operator, has reported a 12% rise in turnover and growth of 3% in like-for-like sales up to £4.4m, for the year ending 31 August 2013
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Manchester's Spinningfields FY revenue tops £50m
Turnover at Spinningfields, the business and retail district in Manchester that includes a number of restaurants and bars, has grown to more than £50m for the first time since it opened in 2007, developer Allied London has reported
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News
Jack raises Fuller's TP after Stable acquisition
Leading analyst Douglas Jack has increased his Target Price for Fuller’s from 1,100p to 1,050p following its acquisition of a 51% stake in cider and pizza restaurant business The Stable
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NewsSSP H1 EBITDA grows 12.6%
SSP Group, the F&B travel concessions operator, has reported a 12.6% rise in EBITDA to £54m in the six months to 31 March, with like-for-like sales up 3.2% over the period
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NewsFuller's: coffee, Heathrow, acquisitions, statutory code
M&C Report takes a closer look at the full year results to 29 March for Fuller’s and speaks to chief executive Simon Emeny