Finance – Page 276
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NewsJack: Expect Domino’s Q1 performance to be strong
A leading analyst has said that he expects next Wednesday’s Q1 IMS from Domino’s Pizza Group to be strong and while like-for-like sales will have slowed from 14.6%, they will still remain impressive
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NewsCapital should be flowing into food-led pubs
Capital should be flowing into food-led pubs and the segment should be expanding more rapidly than restaurants, reflecting overwhelming trends in consumer demand, according to a leading analyst
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Allsop raises c£78m from commercial auction
Allsop raised £77.9m at its second commercial auction of the year this week, which included a number of pub and freehold restaurant investments, with an average success rate of 82%
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Analysis & InsightPE-backed management deals
Following the early success of concepts such as PizzaExpress, Wagamama and Café Rouge, private equity is becoming increasingly involved in the world of restaurant operators. David Roberts, the head of the leisure team at leading law firm Olswang LLP, looks at the types of incentivised deal being offered to management teams to push concepts forward
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NewsBurns upgrades Young's to Buy
Leading analyst Karl Burns has upgraded Young’s from Hold to Buy, citing the recent decent trading and an “encouraging” outlook for 2015, and saying the stock no longer trades at a significant premium to its peers
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NewsBurns raises Fuller's TP
Leading analyst Karl Burns has increased his Target Price for Fuller’s ahead of its year-end this month
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Just Eat to be valued at over £1bn
Just Eat, the online takeaway food service, is expected to be valued at more than £1bn today as it unveils the price of its Initial Public Offering (IPO).
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NewsEclectic EBITDA grows 13%; acquires food-led bar brand
Eclectic, the bar group led by Reuben Harley, has reported a 13% rise in pre-adjusted EBITDA to £1.7m in the six months to December 2013, and also announced the acquisition the Lowlander Bar and Brasserie in London’s Covent Garden, together with the Lowlander brand, which it hopes to rollout nationally
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NewsFY PBT up at Adnams
Adnams, the Suffolk-based brewer, pub operator and distiller, has reported a rise in pre-tax profit from £3.2m to £4.1m for the year to the end of 2013, while turnover increased 6.3% to £60.5m.
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NewsInvestec initiates TRG coverage with at a Buy
James Hollins, leading analyst at Investec, has initiated his coverage of The Restaurant Group (TRG) at a Buy with a 755p target price
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NewsBank funding underpins Comptoir expansion
Levant Restaurants Group has expanded into Kent and Surrey with Comptoir Libanais, its Lebanese fast-casual concept, thanks to a £1.6m loan from NatWest
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Shaftesbury acquires Jaeger House for £30.75m
Shaftesbury has invested £30.75m in acquiring Jaeger House in Broadwick Street, which the company said was an increasingly important east-west pedestrian route through Soho, connecting Carnaby and Berwick streets
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AG Barr grows FY PBT 9.6%
AG Barr, the soft drinks group whose brands include Irn-Bru and Strathmore water, has reported a 9.6% rise in profit before tax and exceptionals to £38.1m in the 12 months to 26 January, a period it described as one of “significant progress” at the company
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NewsDomino's Poland grows FY lfls
Domino’s Pizza Poland has reported a 43% rise in like-for-like sales at its first 13 sites in the country in 2013, which the company described as a period of “substantial progress” for the group
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NewsEd’s eyes 100 sites, as FY lfls grow 2.5%
Ed’s Easy Diner has announced ambitions to grow its estate to over 100 sites by September 2018, as it reported an 87% increase in sales to £17.6m for the year to 30 September 2013
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NewsYO! considers its options
YO! Sushi, the Robin Rowland-led, Quilvest-backed group, has reportedly appointed advisers to explore its options, including a possible sale
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NewsLittle & Large prevent bigger losses for M&C20
The M&C20 was saved from a more significant decline thanks to the share price performance of two companies at either end of the scale – JD Wetherspoon and Essenden
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NewsZonal turnover grows 14.2% in 'transformational' year
Zonal Retail Data Systems saw its turnover grow 14.2% to reach £41.3m in what it called a “truly transformational year” to 30 June 2013, during which it secured contracts with major operators including Mitchells & Butlers
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Analysis & InsightMajority of consumers eating pizza once a month
Nearly two thirds of UK consumers eat pizza at least once a month and a quarter dine on pizza weekly, according to research by US consultancy firm Technomic
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Rosa’s launches latest fundraising round
Rosa’s has launched a new round of fundraising aimed at angel investors, in which it is looking to raise £500k for a 10% stake in the business valuing it at £5m