Finance – Page 283
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News
Arc Inspirations eyes funding options; names first FD
Arc Inspirations, the 10-strong Yorkshire bar operator, is seeking private equity investment as it announces the appointment of its first finance director, managing director Martin Wolstencroft has told M&C Report
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NewsJack moves ETI from Add to Hold
Analyst also says the Government should avoid implementing a mandatory free-of-tie option with an open market rent review as part of the statutory code
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NewsBritvic Q1 GB revenues grow 1.5%
Britvic saw revenues in its British business grow by 1.5% in the 12 weeks to 22 December, with decline in volumes mitigated by improvement in the average realised price (ARP) of 3%
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News
Better burger firm launches fundraising bid
Perthshire-based Artisan Burger Company, which is seeking £240,000 via Crowdcube, plans to open four restaurants within a two year period and also expand via franchise
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NewsWhitbread extends bank facilities
Whitbread, the leisure group, has extended its existing £650m syndicated bank facility, extending its maturity by two years to 4 November 2018 and introducing an option to extend it by a further two years beyond that date
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NewsPizzaExpress strengthens management team
PizzaExpress has strengthened its management team with the appointments of former Whitbread finance director Andy Pellington as its new chief financial officer, and Charlotte Maxwell, formerly of Talk Talk, as its new commercial director
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NewsDomino’s managing evolution to mature business
A leading analyst has said that Domino’s is a company managing the evolution from fast growth to established mature business
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News
Diageo acquires super-premium tequila Peligroso
Diageo, the drinks giant, has added the super-premium tequila brand Peligroso to its portfolio for an undisclosed sum
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Analysis & Insight
F&B deal volumes rose in Q4
Deal volumes in the food and beverage sector rose slightly in Q4 2013 compared to Q3 2013 as the number of private equity backed deals increased by 60% in the same period
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NewsTragus to undergo debt restructure
Tragus, the Café Rouge, Bella Italia and Strada operator, is understood to be preparing to undergo a debt-for-equity swap under a proposed restructuring of its estimated £240m debt, according to The Times
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NewsCerberus acquires £170m Spirit portfolio
Cerberus Capital Management, the US private equity owner of Admiral Taverns, has completed the acquisition of a 102-strong portfolio of pubs from Nick Leslau’s Prestbury Holdings, in a deal valued at £170m
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NewsM&C20 in reverse as ‘big boys’ falter
The M&C20 Index suffered a 2% reverse this week after strong recent gains with seven of the biggest eight companies’ shares in decline
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NewsMcDonald’s UK reports strong year of growth
McDonald’s UK has said that it delivered another strong year of growth in 2013, despite the economic environment remaining challenging, the horse meat scandal and Britain experiencing an uncharacteristically hot summer
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NewsQ1 sales up at Starbucks
Starbucks said it saw improvements across all its major markets in its first quarter, including the UK, where it said declining unemployment and the economic recovery had helped to drive growth
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News
McManus eyes expansion as earnings and lfls grow
McManus Pub Group, the 18-strong Northampton-based pub operator, is looking at several potential new acquisitions as it reports an improvement in earnings and like-for-like sales, M&C Report has learnt
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NewsCharles Wells grows PBT in 'year of steady progress'
Charles Wells has reported a year of “steady progress” as it grew pre-tax profits from £6.5m to £6.7m and reduced net debt by £18.8m to £44.7m, due to the sale of its distribution depo and its Kestrel Super Strength brand, M&C Report has learnt
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News
Priestley joins Electra Partners
Bill Priestley, the former managing director of LGV Capital, backer of Amber Taverns, Liberation Group and Novus Leisure, is to join investment firm Electra Partners as a partner
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News
FY PBT up at Barworks as it eyes further growth
Barworks saw pre-tax profit rise from £434.4k to £1.8m in the year to 30 June 2013, as it gears up to open its latest two sites in the capital
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News
FY PBT up at The Diner operator
The Good Life Group has reported a rise in full-year pre-tax profit from £459.9k to £711.3k, and said it was actively exploring “sources of long-term finance” to accelerate its expansion plans.
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News'Rising tide' lifts pub companies
A leading analyst has said there’s been a “rising tide” in the pub sector, helped by good trading over summer and Christmas and an “improving consumer outlook” that “fuels optimism in the licensed trade”.