Finance – Page 301
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NewsFY turnover tops £40m at Las Iguanas
Las Iguanas, the Bowmark Capital-backed chain, saw turnover break the £40m mark in the year to 30 March 2013, a period in which it said like-for-like sales continued to perform “well ahead of the sector”, thanks to the positive impact of the Olympics on three of its London-based sites
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Domino's showed 'decent progress'
A leading analyst has issued a Hold recommendation for Domino’s Pizza after its Q3 results yesterday, predicting 11% profit growth this year and saying the UK business appears to be in good shape, although he expressed disappointment about the reduced UK openings target
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Collyer plots Enterprise equity 'rehabilitation'
Leading analyst Geof Collyer has raised his Target Price for Enterprise Inns to 205p, predicting a return to absolute EBITDA growth - the “final step” in the story of its equity rehabilitation - earlier than expected in FY2016
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M&B agrees £38m waste management and cleaning deal
Mitchells & Butlers (M&B), the managed operator, has signed a £38m waste management and cleaning contract with Mitie, the FTSE-listed 250 strategic outsourcing company
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Jack: Domino's lfls ahead of expectations
Leading analyst Douglas Jack of Numis has issued a Buy recommendation for Domino’s after its trading update this morning, saying that its Q3 like-for-likes were ahead of his expectations
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NewsLfls up 4% at Domino’s
Domino’s Pizza Group has this morning reported a 4% increase in like-for-like sales for the 13 weeks to 29 September 2013 (2012: +3.7%), with like-for-like sales for the year to date up by 5.6% (2012: 5.1%), despite the impact of “an extended period of unusually warm weather”
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Investors circle Yalla Yalla
A number of private equity groups are currently engaged in talks to invest in Yalla Yalla, the Lebanese restaurant concept
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NewsJack cuts Marston’s forecast
A leading analyst has cut his 2013E forecast for Marston’s by 3% following Mitchells & Butlers’ (M&B) poor September update and the pick-up in disposal activity
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NewsCollyer: M&B needs to deliver on its business re-engineering
A leading analyst has said there is now now a lot riding on the Mitchells & Butlers (M&B) chief executive Alastair Darby’s commitment at the company’s final results in November to some harder targets now that he has been in situ for over a year
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William Grant turnover grows 1.4%
William Grant & Sons, the premium spirits producer, saw turnover grow 1.4% to £1.06bn in 2012, although operating profit fell from £126.3m to £124.8m
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Innis & Gunn FY turnover grows 23%
Innis & Gunn, the Scottish brewer, has reported a 23% rise in turnover to £9.1m in 2012 as UK volumes grew 10%
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Rollo upgrades Enterprise Inns
A leading analyst has upgraded his price target for Enterprise Inns from 140p to 200p and said he thought there was a good chance that the group’s like-for-like sales will be positive in H1 2014 and sees its 19 November final results as a key catalyst
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NewsLe Bistrot Pierre secures expansion fund
Le Bistrot Pierre, the highly-rated French restaurant chain, has secured a new multi-million pound financing deal that will see the 10-strong group double the number of its outlets over the next four years
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GRS Pubs grows underlying profits 14%
GRS Pubs, the tenanted pub group formerly owned by London Town, saw underlying profits rise 14% to £448,000 in the year to 30 December as it continued to trim its estate
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NewsFY EBITDA climbs 11% at Pho
Pho, the the Isis Equity Partners-backed Vietnamese fast-casual concept, has reported an 11% increase in EBITDA for the year to the 24 February, as turnover climbed 26% to £8.2m
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FY EBITDA falls at Itsu
Itsu, the chain founded by Julian Metcalfe and led by Gerard Loughran, reported a drop in EBITDA for the year to 3 January 2013 to £3.26m, against £3.6m in 2011/2012, as turnover climbed 22% to £45.2m on the back of eight new site openings
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NewsWeak M&B performance impacts M&C20
The 1% decline in Q4 like-for-like sales reported by Mitchells & Butlers (M&B) this week impacted the M&C20 Index, which fell by 1.3% to 1,148.32, to marginally underperform the FTSE all share, which declined by 0.9% to 1,014.49
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French: Market likely to remain sceptical on Domino’s
A leading analyst has said that until there is greater certainty around its operation in Germany the market is likely to remain sceptical as to Domino Pizza Group’s long-term potentia
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Analyst corner
Jamie Rollo, analyst at Goldman Sachs, looks ahead to the upcoming Q4 update from Spirit Pub Company (22 October).
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French downgrades M&B EPS forecast
Leading analyst Simon French has downgraded his earnings-per-share forecast for Mitchells & Butlers (M&B) following a “disappointing” trading update