Finance – Page 306
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News
Pernod Ricard reports "quasi-stability" in UK
Pernod Ricard, the global wine and spirit producer, says there was “quasi-stability” in the UK in the year to 30 June despite a 3% fall in sales across Western Europe (excluding France)
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NewsFY EBITDA up at Hawksmoor
Hawksmoor, the operator of four high-end steak restaurants in London, in which Graphite Capital recently acquired a stake, saw turnover for the year to 31 December 2012 pass the £18m mark, up from £10.6m the previous year
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Greene King Q1 expected to be strong
A leading analyst has said that he expects trading at Greene King during its first quarter to be strong and ahead of it assumptions
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NewsRisk takes stake in RHWB
Risk Capital Partners, the Luke Johnson-led investment vehicle, has completed the acquisition of a majority stake in Red Hot World Buffet (RHWB), the seven-strong group, founded by Helen and Parmjit Dhaliwal
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NewsM&C20 bounces back against FTSE
The M&C20 Index bounced back to outperform the FTSE All Share this week as both lists experienced an increase after the previous week’s declines
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NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks ahead to the Q4 update from Mitchells & Butlers (M&B), which is due at the end of September
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FY PBT up at Here For You Hospitality
Here For You Hospitality, the Lancashire-based leisure group that operates the 11-strong Yard Glass Pub Company, has reported a rise in pre-tax profit for the year 31 December 2012
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Osmond eyes return to sector
Hugh Osmond, the high-profile sector investor who previously backed PizzaExpress and Punch Taverns, is reportedly eyeing a return to the leisure sector after resigning from the board of insurance company Phoenix
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French tips 'resilient' TRG
Leading sector analyst Simon French has reiterated his Buy recommendation and 560p Target Price for The Restaurant Group ahead of its H1 results, predicting “resilient” results despite the good weather
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NewsLa Tasca to embark on refurb programme
La Tasca, the Simon Wilkinson-led chain, is embarking on an “aggressive refurbishment programme” within its current estate
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Wolf Blass growth lifts Treasury Wine Estates
Treasury Wine Estates, the global winemaking and distribution business, has reported a 263% rise in EBITS to $16m in the Europe, Middle East and Asia region for its 2013 full-year
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Pasty Presto set for next stage of growth
Pasty Presto, the pasty chain, is set for its next stage of growth, despite reporting a loss in its last financial year
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NewsIntertain FY EBITDA grows 7.9%
The Walkabout operator has reported a 60% rise in pre-exceptional operating profit in the year to 2 February, with EBITDA up 7.9% to £5.3m, as it saw the benefit of its estate investment programme and surrender of leases on unprofitable sites
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NewsBrakspear: Results, appointment, managed, disposals
Brakspear has an intention to expand its fledgling managed estate and has appointed former tenanted BDM Matt Aket to oversee the company-run pubs, CEO Tom Davies has told M&C Report as it announces a rise in full-year profit and turnover
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Euro 2012 comps hit Carlsberg
Carlsberg has reported a 5% fall in organic beer volume across Western Europe in the six months to 30 June, citing tough comparisons with last year’s Euro 2012 football tournament
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Aqua secures new funding
Aqua Italia, the premium Italian restaurant chain, has opened its fifth site in Portishead after securing new bank funding
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Elysium Group eyes rollout
Elysium Group, the Essex-based restaurant and bar operator, is looking at opportunities in London, after securing new funding from Natwest and securing its sixth site
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News
Heineken H1 organic volumes fall 1%
Heineken, the global brewer, has reported a 1% decline in organic volumes in H1 and said it does not expected underlying trading conditions to change despite benefiting from better weather across Western Europe in July
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News
Cineworld may have to sell cinemas
Cineworld may be forced to sell cinemas in three areas of the country after the Competition Commission provisionally concluded that its acquisition of City Screen would mean higher prices for customers
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NewsJimmy’s World Grill explores options
East and West Restaurants is in talks with advisers as it explores options for its expanding Jimmy’s World Grill & Bar chain, after receiving private equity approaches, M&C Report understands