Finance – Page 386
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News
Martin sells shares to repay loan
JD Wetherspoon chairman Tim Martin has sold £1.5m worth of shares to repay a bank loan following a positively-received trading update.Martin sold 500,000 shares at 309.5p each and will use the collateral to pay off a loan from RBS.RBS will return 3.6 million of Martin’s shares that it was holding ...
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News
Numis: Barracuda festive LFLs down 4.5%
A research note from one of the sector’s leading analysts suggests that like-for-like sales at Barracuda Group were down 4.5% over the Christmas trading period.Douglas Jack, of Numis Securities, said the 225-strong managed pub group had seen the comparable sales decline in a five-week period between 29 November and 3 ...