Finance – Page 293
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NewsFuller's: Developments, acquisitions, Brewer Street, Frontier
M&C Report takes a closer look at the H1 results for Fuller’s for the 26 weeks to 28 September and talks to Simon Emeny, who became chief executive on 1 July
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News
Collyer: premium and destination key at Marston’s
A leading analyst has forecast that full-year group revenue at Marston’s will have increased 4.8% with the top end of its retail division being the major driving factor (+7.9%)
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Analysis & InsightGolden rules for a smooth deal
Selling a business is a rewarding but complex undertaking involving many variables. There are, however, five key areas that present particular challenges and must be handled with care, says Paul Dolman, lead leisure partner at Travers Smith
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NewsAnalyst corner
Simon French at Panmure Gordon looks ahead to the full-year results for Mitchells & Butlers (M&B) next Tuesday (26 November) and says he expects “few surprises”
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NewsFY lfls up 19% at Abokado
Abokado, the London-based chain of healthy food bars led by Mark Lilley, has reported a 19% rise in like-for-like sales for the year to 31 March 2013, during a period in which it opened four new sites
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News
Jack upgrades PBT Fuller's estimates for 2015 and 2016
Leading analyst Douglas Jack has upgraded his pre-tax profit estimates for 2015 and 2016 for Fuller’s following the London-based brewer and pub operator’s H1 results this morning
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NewsFuller's H1 EBITDA grows 4%
Fuller’s, the London-based brewer and pub operator, has reported a 4% rise in EBITDA to £28.1m in the six months to 28 September as like-for-likes in its managed estate grew 7.9%
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News
Jack: Conditions right for sector expansion
Current conditions provide a “favourable backdrop” to expansion for a number of leading pub and restaurant groups, according to leading analyst Douglas Jack
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News
Young's: Rooms, acquisitions, transfers, investments
M&C Report takes a closer look at the results for Young’s, the London-based pub operator, for the 26 weeks to 30 September and speaks to chief executive Stephen Goodyear and retail director Patrick Dardis
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NewsYoung's H1 lfl revenue grows 5.6%
Young’s, the London-based pub operator, has reported a 5.6% rise in like-for-like revenue in the 26 weeks to 30 September against “strong comparatives” in the corresponding period last year
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NewsH1 volume sales up 5% at Miller Brands UK
SABMiller has announced that its UK subsidiary, Miller Brands UK (MBUK), grew domestic lager volume sales by 5% in the six months to 30 September 2013
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NewsEclectic raises £15m on proposed AIM admission
Eclectic, the Avanti Capital-backed bar and club operator led by Reuben Harley, has successfully raised £15m through its proposed admission to trading on AIM on 28 November
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News
Coffer: 2013 busiest for M&A in six years
Coffer Corporate Leisure, which provides M&A advice to the leisure sector, says this year has been its busiest period since 2007, having advised on over £200m of leisure investment transactions in 2013
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News
Admiral EBITDA up 7.1%
Admiral Taverns has reported a 7.1% rise in underlying EBITDA to £10.4m in the 23 weeks since its c£200m acquisition by US private equity group Cerberus
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News
Pizza concept raises £440k through Crowdcube
Pizza Rossa, a fledgling concept led by Corrado Accardi, has raised £440k raised from 122 investors through Crowdcube, topping its planned target figure of £280k
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News
Collyer: End of an era, start of a new era
A leading analyst has said that the market should take the retirement of Enterprise Inns chief executive Ted Tuppen as a sign that the period of difficult trading over the past six years is coming to an end
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NewsFY net income down 2.9% at ETI
Enterprise Inns has this morning reported a 2.9% decline in like-for-like net income for the year to 30 September, but said that it had witness an improving trend in the final quarter of the year, with like-for-like net income growth of 0.6%
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OpinionTurning point for the sector
This year will come to be seen as a turning point in the market, argues Peter Hansen, founder of Sapient Corporate Finance
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Opinion
JW Lees PBT grows 23.1%
JW Lees, the Manchester-based brewer and pub operator, saw pre-tax profits grow 23.1% to £5.9m in the year to 31 March and it reiterated plans to expand after securing a £10m facility from the Royal Bank of Scotland
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NewsRollo expects solid Q3 from Whitbread
A leading analyst said he expects Whitbread to report solid like sales growth of 3%, in line with H1 when it updates the market on 10 December, but that growth across its restaurants will be flat due it being underrepresented in London