Finance – Page 281
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News
Molson Coors reports improved UK performance
Improved performance in the UK, Romania, Hungary and the Czech Republic helped Molson Coors grow volumes in Europe by 1.5% in 2013
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News
Pernod Ricard H1 Europe sales grow 4%
Strong growth in Europe for Pernod Ricard helped mitigate the impact of sharply falling sales in China in the first half of its financial year, as overall performance for the wine and spirits business improved in Q2
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NewsJohnson to act as adviser to new funding platform
Sector investor and chairman of Risk Capital Partners Luke Johnson is to act as “special adviser” to a new crowd-funding initiative being launched by Sir Richard Branson’s entrepreneur’s network
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Analysis & Insight
Sector lfls grow 7.2% in January
Like-for-like sales across 27 leading pub, restaurant and bar groups grew 7.2% in January, as the trade benefited from favourable comparatives against the snow-hit first month of 2013
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NewsPembroke takes stake in Chilango
Pembroke, the venture capital trust, whose investors include Sir Charles Dunstone, the Carphone Warehouse founder, and the Next chief Lord Wolfson, has taken a stake in Chilango
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NewsHeineken UK FY beer volumes dip
Heineken saw UK beer volumes decline by a “low-single digit” figure in 2013, with the market “impacted by a fragile economic environment”
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News
French reiterates Sell for Cineworld
Leading analyst Simon French has reiterated his Sell recommendation for Cineworld’s and increased his Target Price from 260p to 295p
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NewsM&C20 delivers flat performance
The M&C20 Index was flat this week, as growth for the two biggest companies was mitigated by share price dips for seven of the top 10 firms. The Index underperformed the FTSE All Share Index, which was up by 0.8%
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News
La Sala fundraising reaches £3.2m
James Horler, current interim chief executive of Red Hot World Buffet, has already raised £3.2m towards the launch and roll out in the UK of La Sala, the famous Spanish restaurant
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NewsLoungers FY sales to top £33m
Sales at Loungers, the Piper-backed cafe bar operator, for the year to the end of April are projected to be in excess of £33m, over 50% up on the previous 12 months, M&C Report has learnt
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NewsLondon and south drive Enterprise growth
Enterprise Inns’ like-for-like net income growth was significantly higher in London than elsewhere in Q1 2014, with a flat performance in the Midlands despite growth of 1% overall
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NewsZoopla founder acquires Harry Morgan brand
Alex Chesterman, the founder of Zoopla and investor in businesses such as Ceviche and Bounce, has acquired the Harry Morgan brand from the First Restaurant Group (FRG)
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News
Nordic Bakery eyes 10 sites
Nordic Bakery is seeking funding and looking for sites as part of a plan to grow to 10 Scandinavian-style cafes in central London within the next three years, M&C Report has learnt
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News
Artisan Burger Co makes more equity available
Artisan Burger Company, the fledgling gourmet burger operator, has increased the equity stake that it’s selling to investors under its fundraising bid via the crowdfunding website Crowdcube
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News
Downing Pub EIS raises almost £12m
The pub-focused Enterprise Investment Scheme (EIS) fund from Downing LLP has raised almost £12m of its £15m target to date, and has so far invested in 10 pubs across three different companies, M&C Report has learnt
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News
Compass: Starting to see signs of stabilisation
Compass has said that whilst economic conditions in Europe continue to be difficult and overall organic revenue in its first quarter remained negative across the region, it is starting to see some signs of stabilisation
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News
London’s top 10 investment hotspots for 2014
As London’s house prices continue to increase, a report by CBRE identifies those investment hotspots which offer the most potential for growth over the next few years
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NewsAngelBerry raises £150k for expansion
AngelBerry, the Bristol-based frozen yoghurt operator, has reached its £150,000 fundraising target for an ”aggressive” expansion drive over the next three years that would see it grow from six to c100 outlets globally
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NewsInventive completes refinancing, eyes acquisitions
Inventive Leisure, the Revolution bar operator, says it now plans to return to the acquisition trail after successfully refinancing its bank facilities
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NewsYum! UK system sales growth accelerates
Yum! Brands, the owner of the KFC, Pizza Hut and Taco Bell fast-food chains, saw system sales growth in the UK accelerate to 3% in Q4 2013, leaving growth of 1% in the year to 28 December