Finance – Page 271
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NewsGreene King managed LFLs up 4.8%
Greene King has this morning announced that like-for-like sales across its managed estate were up 4.8% over the last 16 weeks and that it had recorded its 22nd consecutive quarter of like-for-like sales growth
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NewsWhitbread: food quality, promos, revamps, analysts
M&C Report takes a closer look at the full-year results to 27 February for Whitbread, reports from a presentation to analysts and speaks to finance director Nicholas Cadbury
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NewsWhitbread FY lfls up 4.2%
Whitbread has reported a 4.2% rise in like-for-like sales in the year to 27 February, with growth accelerating in the second half
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Jack: Sales momentum to continue at JDW
A leading analyst has said that next Wednesday’s Q3 IMS from JD Wetherspoon should be good with like-for-like sales momentum continuing for the group
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Brewhouse & Kitchen extends funding call
Brewhouse & Kitchen, the Enterprise Investment Scheme (EIS) venture led by ex-Convivial Pubs chief executive Kris Gumbrell, has extended its latest fundraising call to 16 May
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Analysis & InsightInside track: Trading concerns
Leading analyst Geof Collyer of Deutsche Bank lays out his concerns regarding the current trading environment, and focuses on confusion of offering – is it a pub or a restaurant; site availability, site saturation and rent inflation; and couponing and the online threat
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NewsBaskin-Robbins signs new Cineworld deal; eyes expansion
Baskin-Robbins hopes to secure a further 80 high street locations across the country over the next five years, M&C Report has learnt, as the ice cream shop operator announces an extension to its deal to operate at Cineworld cinemas
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SMEs support transparency in lending
Fleximize, an alternative finance company, has published research stating that 65% of SMEs believe banks should be forced to provide details of SMEs they have rejected for funding to alternative lenders
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Scottish leisure veteran acquires Beanscene chain
Stuart McKenzie, the Scottish leisure entrepreneur, has acquired the 10-strong Beanscene coffee chain and the Fifi and Aly cafe businesses from Fiona Hamilton
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OpinionThe IPO trailblazer
Six months ago, Eclectic Bar Group became the first pub, bar or restaurant operator to float on the stock market since Capital Pub Company in 2007. John Harrington gets the inside track from chief executive Reuben Harley and chief financial officer John Smith
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FY EBITDA up 14.9% at Richoux
Richoux Group has this morning reported a 14.9% rise in EBITDA for the year to 29 December 2013.
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NewsPub sector 'in best shape for three decades'
The pub sector is in the best shape its been for three decades and it has plenty of scope to grow and take market share as the economy improves, according to leasing analyst Geof Collyer in an extensive report on the UK’s pub and restaurant industries
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NewsCollyer raises TP for major pub groups
Leading analyst Geof Collyer of Deutsche Bank gives a generally upbeat assessment of six major listed pub companies. He raised his Target Price for all but Enterprise and upgraded Mitchells & Butlers (M&B) from Hold to Buy
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NewsCollyer issues Hold for TRG
Leading analyst Geof Collyer has initiated his coverage of The Restaurant Group (TRG) by issuing a Hold recommendation and 700p Target Price, saying the Frankie & Benny’s and Chiquito operator is “well established” to retain its strong performance over the past decade
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NewsApollo acquires Tragus, Derkach to step down as CEO
John Derkach is to step down as chief executive of Tragus after Apollo Global Management, which already held the majority of the group’s debt, acquired the business from Blackstone. Steve Richards has been appointed as the c300-strong group’s new chief executive
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Vital appoints advisors as it considers funding options
Vital Ingredient, the London-based tossed salad-to-go concept, has appointed advisors as it seeks to secure private equity funding to aid its next stage of development
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NewsEurope drives Q1 BK sales growth
A strong performance across Europe, helped Burger King report a 2% increase in comparable sales for the first quarter of the year
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NewsAnalyst corner
Three leading analysts look ahead to Whitbread’s full-year results on Tuesday 29 April. Tim Barrett at Nomura has issued a Buy recommendation, while JP Morgan Cazenoze has an Overweight rating for Whitbread, and Geof Collyer at Deutsche Bank issued a Hold rating
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NewsM&C20 stocks stay flat against rising market
Leisure company shares were flat this week as the M&C20 index increased a mere 3 points to 1,253, missing out on wider stock market gains. The All Share Index rose 16 points to 1,043
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NewsStarbucks reports strong UK improvement
Starbucks has said that is has seen a strong improvement in the performance of its UK operation since the start of the year, aided by its enhanced breakfast offer, healthier options and an “improved economic environment”