Finance – Page 272
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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”
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Starbucks reports first drop in UK sales
Starbucks suffered its first ever drop in UK sales last year, a period in which the company became the subject of criticism over its tax affairs
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NewsHeineken Q1 UK volumes fall
Heineken saw UK volumes fall in the first quarter of 2014 largely due to the timing of Easter and “unfavourable weather conditions early in the quarter”
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Chapel Down profits fall 83%, beer sales grow
English winemaker Chapel Down saw profits fall from £414k to £68k last year but highlighted strong beer sales and a good harvest in 2013
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NewsSpirit: Growth plans, 'posh local', premium, leased innovation
M&C Report takes a closer look at Spirit Pub Company’s half-year results to the 1 March, reports from a presentation featuring chief executive Mike Tye and finance director Paddy Gallagher, and talks to Tye
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Imbiba extends latest fundraising round
Imbiba Partnership has extended its latest round of fundraising by another month as it looks to add further sites to its Darwin & Wallace (D&W) and Camm & Hooper (C&H) vehicles
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NewsStrong Q1 growth for KFC UK
UK system sales of KFC grew 12% in the three months to 22 March, with Pizza Hut UK system sales (take-away only) up 2% over the same period, owner Yum! Brands has reported
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Pernod Ricard to buy winemaker; Europe sales up 2%
Pernod Ricard, the wine and spirits group, has reported a 2% rise in sales across Europe for the first nine months of its financial year, and also announced plans to acquire Californian winemaker Kenwood Vineyards for an undisclosed sum
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Jack reiterates Buy for Spirit
Leading analyst Douglas Jack has reiterated his Buy recommendation for Spirit Pub Company following its H1 results this morning, and said forecast risk for Spirit is “on the upside”
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NewsSpirit H1 PBT grows 11%; managed lfls up 4.8%
Spirit Pub Company has reported an 11% rise in pre-exceptional pre-tax profits to £22m in the 28 weeks to 1 March, with like-for-like sales up 4.8% in its managed sites and like for like net income up 2.6% in the leased business
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NewsPatisserie Holdings sets outs growth strategy
As part of its intention to float on AIM, Patisserie Holdings gave an update on its future growth strategy and said it had identified over 250 further potential sites in the UK with similar characteristics to those currently trading under its brands
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NewsUK helps lift McDonald's in Q1
Positive sales in the UK helped to lift McDonalds’ comparable sales in Europe by 1.4% in the first three months of 2014
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NewsPatisserie Holdings plans IPO
Patisserie Holdings, the parent company of the Patisserie Valerie chain, has announces plans to proceed with an initial public offering and said it has identified a further 250 potential new UK sites
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NewsJack expects 'strong update' from Greene King
Leading analyst Douglas Jack says he expects a “strong update” from Greene King next week, with a “good chance of upgrades”
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NewsBurns reiterates Buy for TRG
Leading analyst Karl Burns has reiterated his Buy recommendation for The Restaurant Group (TRG) after the company announced the disposal of its stake in Living Ventures’ Gusto business
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OpinionTo invest or not to invest...
Private equity has provided the finance for most growth concepts on the UK’s pubs and restaurants scene. So what makes a great private-equity investment? Electra Partners’ Bill Priestley gives his view
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NewsHarveys profits rise after cost savings
Harveys, the East Sussex brewer and pub operator, saw operating profits grow 13% to £295,405 in 2013 after it achieved savings in “various areas of expenditure”