Finance – Page 295
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News
Adobo set for growth
Adobo, the fledging Mexican concept led by Mark Walker and Craig Fraser, is to go on the expansion trail after securing new investment, M&C Report understands
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News
Vapiano UK GM wins global company award
Vapiano, the Italian fresh casual dining concept, has named one of its UK managers as its “Vapianisti of the Year” ahead of 5,000 other members of staff worldwide
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News
Virgin Wines team completes £15.9m MBO
A £15.9m management buyout of wine retailer Virgin Wines has been completed with finance from Mobeus Equity Partners and Connection Capital
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NewsMcDonald’s sales up 0.5% in October
McDonald’s has reported that comparable sales increased 0.5% in October, helped by a 0.8% rise in Europe, including a positive performance in the UK
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NewsEAT set for next stage growth
EAT, the Lyceum Capital-backed chain, is set to embark on its next stage of development after it is believed to have agreed a new bank facility that has freed up a further £10m-£15m of funds
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C&R expects positive results in 2014
Capital & Regional (C&R) said this morning that improved sentiment and asset management initiatives will deliver positive results for its shopping centres in 2014
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NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks at the upcoming full-year results from Mitchells & Butlers (M&B) (26 November) and says he expects solid current trading, following a disappointing Q4
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NewsWetherspoons and Spirit lead the leisure charge
The leisure sector strongly outperformed the wider equities market by three percentage points this week as the M&C20 Index rose 2.2% to 1,175
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News
Wrapchic set to sign Compass deal
Wrapchic, the Birmingham-based Indian burrito concept, is set to sign an agreement with Compass that could eventually see it introduced into up to 200 sites across the UK, M&C Report understands
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NewsJack upgrades TRG to Hold
A leading analyst has upgraded his recommendation of The Restaurant Group (TRG) from Reduce to Hold, saying that although he remained concerned about restaurant supply growth, the error in his negative recommendation was partly in expectation that the company’s competitors would be quicker to move into leisure parks
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NewsBrewDog to accelerate bar openings
BrewDog, the Scottish brewer and pub operator, plans to accelerate its bar openings programme after announcing plans to extend its latest fund-raising drive, and is targeting five openings in 2014, co-founder James Watt has told M&C Report.
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News
Everyman Cinema raises £8.1m on AIM debut
Everyman Cinema, the London-based cinema chain whose shareholders include Ask founders Adam and Sam Kaye, raised £8.1m when it floated on the Alternative Investment Market (AIM) yesterday
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NewsCollyer raises JDW lfl forecast, warns on margin
Leading analyst Geof Collyer has raised his FY like-for-like forecast for JD Wetherspoon from 2% to 3% but accused the managed operator of “yet again chasing sales at the expense of margin”, with “little if any underlying profit growth”
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NewsBrewDog extends latest fundraising after “epic” response
BrewDog, the Scottish brewer and pub operator, has extended the limit set for its crowdfunding scheme, Equity for Punks, after an “epic response” to thefundraising so far
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NewsRollo: Costa’s international business not proven
A leading analyst has said that Costa is nearing critical mass in the UK with Starbucks’ US density suggesting 2,000 outlets might be the chain’s natural UK limit
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News
Darwin & Wallace closes in on second site
Imbiba Partnership, the investment vehicle led by John Connell, is closing on a second site for its fledgling Darwin & Wallace (D&W) format, as it gears up to launch its third round of fundraising
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News
C2 reports FY PBT loss
A co-founder of C2 Investment, which owns 76% of Lancaster Brewing Company, has criticised the “madness” of progressive beer duty (PBD) as the business sees its pre-tax profit turn into a pre-tax loss in the year to 31 January
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NewsFrench raises Whitbread TP but says it's 'still overvalued'
Leading analyst Simon French has raised his Target Price for Whitbread but said the leisure group is “still overvalued”
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NewsFrench holds JDW forecast
Leading analyst Simon French has reiterated his Buy recommendation and 806p Target Price for JD Wetherspoon following the managed operator’s Q1 results yesterday
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NewsJDW secures £100m expansion fund
JD Wetherspoon has secured an extra £100m facility for its expansion plan, chairman Tim Martin has told M&C Report