Finance – Page 284
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NewsJack: M&B trading to have picked up
A leading analyst has said that he expects LFL trading to have picked up over the last two months at Mitchells & Butlers (M&B), due to an improved sector backdrop, investment, IT roll out and efforts to improve service standards
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Collyer cuts JDW profits and earnings forecast
Leading analyst Geof Collyer has downgraded his profit and earnings expectations for JD Wetherspoon following its Q2 update yesterday, which he described as “the usual curate’s egg”, with improving like-for-likes but warnings of lower margins
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NewsJack: Fuller's has upgrade potential
Leading analyst Douglas Jack has reiterated his Add forecast for Fuller’s ahead of its Q3 interim management statement on Thursday, saying that it has “further upgrade risk”.
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AG Barr forecasts strong Q4
AG Barr, the soft drinks company, says it expects total revenue in Q4 to be c5.5% ahead of the previous year
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NewsBath Ales signs Russia export deal
Bath Ales, the brewer and pub operator, has signed a deal to export its beers to Russia
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NewsSSP hires Lazard for IPO launch
SSP, the travel concessions operator, has reportedly hired investment firm Lazard to advise on its market debut
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Jack raises JDW lfl prediction, cuts PBT estimate
Leading analyst Douglas Jack has increased his like-for-like sales growth prediction for JD Wetherspoon but cut his 2014 pre-tax profit forecast after the managed operator said it expects operating margin for the half year to have fallen from 8.3% to 8.1%L
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Cadwalader eyes growth after new finance package
Cadwalader Ice Cream, the Welsh ice cream parlour-meets-cafe operator, has announced plans to open four new cafes during 2014 and upgrade existing sites after securing a £750,000 finance package from HSBC
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NewsJDW Q2 lfls rise 6.7%
JD Wetherspoon has reported a 6.7% rise in like-for-like sales in the 12 weeks to 19 January although it expects pre-exceptional operating margin for H1 to be slightly lower than in the same period last year
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NewsFrench reiterates Hold for Marston's
Leading analyst Simon French has reiterated his Hold recommendation and 150p Target Price for Marston’s after a “slightly better than expected” trading update
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French: TRG still a Buy after Page steps down
Leading analyst Simon French says Andrew Page’s decision to step down as chief executive of The Restaurant Group does not alter the investment case in the company
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NewsMarston's Destination and Premium festive lfls grow 3.3%
Marston’s, the brewer and pub operator, saw like-for-like sales grow 3.3% over the key festive period (three weeks to 3 January) in its Destination and Premium division
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NewsSABMiller UK volumes grow 9%
SABMiller has reported a 9% rise in UK volumes in the three months to 31 December, led by Peroni Nastro Azzurro, as a result of “increased distribution and an improved rate of sale”.
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NewsFestive lfls up 7.4% at Las Iguanas
Las Iguanas said it experienced a third successive “bumper Christmas” with like-for-like sales up 7.4% across the festive season, taking three-year growth to over 25%
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D&D reports highest ever Christmas revenues
D&D London, the international restaurant group formerly known as Conran Restaurants, said that like-for-like revenues across its London-based restaurants climbed 5% over the festive season compared with the year before
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AB InBev agrees £3.5bn Oriental Brewery acquisition
AB InBev has agreed to buy South Korean brewer Oriental Brewery for $5.8bn (£3.5bn)
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Amber festive lfls grow 6%; eyes century of pubs
Amber Taverns, the fast growing operator of community wet-led pubs, saw like-for-like sales grow 6% over the 12-day festive period and said it planned to reach 100 sites by the end of 2014
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December lfls up 1.8% at Chameleon
Chameleon Bar & Dining, the Yorkshire and Lancashire-based multiple operator, has reported a positive end to 2013 with like-for-like sales up by 1.8% in December
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Analysis & InsightVenturing forward
If I had to put forward one man who could dominate the UK’s eating and drinking-out scene over the coming 12 months, I would be hard pressed to look past Tim Bacon, the chief executive of Living Ventures
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NewsFY lfls up 4.3% at SSP
SSP, the travel concessions operator, has reported like-for-like sales growth of 4.3% for the year to 30 September 2013 driven by strong performances in Asia Pacific, Eastern Europe, the Middle East and Scandinavia