Finance – Page 310
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NewsDomino's H1 hit by Germany; CFO Ginsberg steps down
Domino’s Pizza Group has reported a 10.3% rise in pre-tax profit excluding its Germany and Swiss operations to £25.7m in the 26 weeks to 30 June on sales up 13.8% to £326.5m
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Fuller’s secures Blackfriars site from Punch
Fuller’s has strengthened its London estate with the acquisition of the White Hart pub in Blackfriars from Punch Taverns in an off-market deal for in excess of £2.5m
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Rollo increases JDW target price
A leading analyst has raised his earnings forecast and increased his target price for JD Wetherspoon
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Analyst corner
Simon French of Panmure Gordon looks ahead to Domino’s Pizza’s H1 results on Tuesday (30 July), predicting profit growth in the UK but a widening of losses in Europe.
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NewsGraphite takes stake in Hawksmoor
Graphite Capital, the private equity backer of Rex Restaurants, has backed the management buy-out of Hawksmoor, in a deal which values the company at around £35m.
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NewsWetherspoons drags M&C20 Index higher
JD Wetherspoon was almost single-handedly responsible for dragging the M&C20 Leisure Index higher this week
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NewsStarbucks reports best ever Q3
Starbucks has reported its best third-quarter performance in its history with a 13% rise in net revenues to $3.7bn
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SABMiller Q1 UK volumes fall 8%
Brewer cites the impact of reduced discount levels on Miller Genuine Draft, while revenues and volumes across Europe are hit by poor weather and “weak consumer sentiment”
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Fuller's mends roofs while the sun shines
Fuller, Smith & Turner has caught up on the repairs programme and trading that was disrupted by last year’s summer rain
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M&B reports 1.6% rise in Q3 lfls
Mitchells & Butlers (M&B) has this morning reported a 1.6% increase in like-for-like sales in its third quarter, including a 2% rise in performance in the most recent nine weeks
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Catering income rises at Heathrow
Heathrow Airport’s catering income climbed by 5.6% to £19m in the first six months of 2013
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Best Placed to re-start private equity talks
The London-based operator hopes to re-start conversations with private equity in one month as it looks to rollout its new burger concept further, MD Ben Stackhouse tells M&C Report
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JDW performed 'better than expected'
Analysts have given a positive response to JD Wetherspoon’s results yesterday, describing them as better than expected
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NewsSheps: K&N deal, reorganisation, redundancy threat
Shepherd Neame has announced a reorganisation of its board as it reached a 10-year logistics agreement with Kuehne + Nagel, in a move that will see the departure of production and distribution director Tom Falcon and is likely to result in a “limited number” of redundancies as 57 employees enter consultation
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Marston's Destination & Premium LFLs up 6%
Marston’s has reported “strong” trading performance in its most recent trading period, with like-for-like sales in its Destination and Premium pubs up 6% in the 10 weeks to 20 July
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Fuller's sales driven up by food and accommodation
Fuller, Smith & Turner has reported strong Q1 trading “aided by the recent spell of glorious weather”
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Improved weather aids AG Barr sales growth
AG Barr, the maker of Irn-Bru, has reported that it continued to grow “well ahead of the market” in the six-month period to date
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Britvic grows sales thanks to a focus on value
Britvic has reported Q3 sales growth of 4.4% in the UK thanks to a focus on value over volume
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Banana Tree secures expansion fund
Banana Tree, the pan-Oriental restaurant operator, plans to open a further five to six sites over the next two years after securing a new £2m bank facility
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NewsJack: Improving outlook at Enterprise
A leading analyst has said that he expects Q3 LFL net income at Enterprise Inns to be down around 1%, reflecting self-help initiatives and improving LFL weather