Finance – Page 316
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Crowdcube used for brewery launch
A City banker and home-brew enthusiast is aiming to launch his own brewery backed by crowd-sourced funding
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VIDEO: Punch Taverns chairman Stephen Billingham outlines financial restructuring proposals
The group requires the support of stakeholders, but still hopes to implement refinancing by the end of June
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Loungers FY EBITDA grows 41%
Loungers has reported a 41% rise in EBITDA to £4.42m before central overheads in the year to 30 April as it opened nine sites in the period
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OpinionFuller's joins cider gold rush
With the London brewer entering the cider category with its acquisition of Cornish Orchards, John Harrington examines the opportunities that the sector holds
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Billingham: not much leeway on Punch restructure plan
Punch Taverns executive chairman Stephen Billingham also wanrs stakeholders that the consequences of not supporting the plan “are possibly quite severe”
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NewsPunch announces revised restructuring proposals
Punch Taverns hopes to complete restructure this month as it reports a 0.7% decline in net income in Q3
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Apostrophe grows underlying sales, losses widen
Apostrophe, the London-based patisserie café operator, saw underlying sales rise 5.2% in the year to 31 August although losses widened
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Grand Union reveals growth targets
London-based group eyes at least a 20-strong estate after Luke Johnson takes a 50% stake in the business
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NewsM&C20 share index launched to track sector performance
Today marks the launch of a new service from M&C Report to provide insight into the performance of the shares of publicly quoted companies in the sector
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Fuller's: cider, Heathrow, expansion, analysts
M&C Report takes a closer look at the full-year results for Fuller’s, the London-based brewer and pub operator, for the year to 30 March and talks to chairman Michael Turner
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Punch 'to announce changes to debt restructuring'
Punch Taverns is reportedly set to announce changes in its debt restructuring imminently
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Profits fall at Timothy Taylor
Turnover flat but increased administrative expenses including staff costs lead to a 30.2% decline in operating profit
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£250m fund unveiled for communities to buy pubs and other assets
Communities will be able to access grants and loans worth £250m over the next 10 years to buy pubs and other “community assets”
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PPL public performance income rises 18%
PPL saw its income from public performances licences at pubs, clubs and other venues rise again after a “significant increase” in licence holders
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Services sector grows
The UK services sector experienced its strongest growth since March 2012 in the past month, new figures show
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AB InBev completes £13.1bn Grupo Modelo deal
AB InBev has bought the remaining 50% of Grupo Modelo, the Mexican brewer of Corona lager, that it did not own for $20.1bn (£13.1bn).
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All Star Leisure 'eyes IPO'
All Star Leisure Group, operator of the All Star Lanes bowling brand, is planning to launch an initial public offering, The Telegraph reports
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Lending falls under Government-backed scheme
The amount of money leant to businesses under the Government-backed loans scheme fell by £300m in Q1 2013, new figures show.
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French identifies key risks to sector
Leading analyst Simon French has identified seven key areas of risk for the industry, and provides and overview of the main sector firms
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News
Hook Norton signs Australian distribution deal
Hook Norton, the Oxfordshire brewer and pub operator, has signed a distribution agreement with Australia’s largest liquor retailer Woolworths Limited