Finance – Page 67
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NewsShepherd Neame sees strong like-for-like trading
The family brewer and pub operator said it had performed well with encouraging demand. Like-for-like sales in its pubs and hotels division were up 13% in the six weeks to 25 June 2022, but its central London pubs are yet to make a full recovery
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NewsBrewDog eyes blockchain
The craft beer company is working with digital finance platform Globecap on controversial options for investors to “tokenise” their equity
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NewsUK economy at risk of going into recession
Soaring inflation could tip the UK economy into a “mild recession” next year, according to KPMG, with GDP forecast to more than halve in 2022
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NewsPatisserie Valerie ex-chairman in line for payout
Luke Johnson set to benefit as Grant Thornton settles £200m court case over coffee chain’s collapse, reports The Telegraph
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NewsTasty repays bank loan early
The Wildwood operator has done away with its £1.25m facility with Barclays, and believes it is in a strong position to open five to six new sites in 2022, with one currently under offer
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NewsCosta franchisee acquires 17 sites
Altrincham-based Sim Trava, which now has 57 Costa sites, made the additions to its portfolio with the support of a £7m funding package from HSBC
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NewsVarious Eateries reports ‘resilient trading’
The Coppa Club operator reported half year group revenue of £17.8m, with a loss after tax of £2.6m
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NewsMegan’s to handout £5m staff bonus
Megan’s has set aside the bonus to reward staff members for their hard work and contribution to its Retailers’ Retailer Award win earlier this year.
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NewsInterest rates set to reach 3%
The Bank of England’s interest rate could reach as high as 3% by the end of the year, as measures are ramped up to fight inflation.
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NewsPunch shows interest in Amber Taverns acquisition
Punch Pubs & Co is exploring a potential takeover of Blackpool-based pub company Amber Taverns, alongside interest from several other pub companies, Sky News has reported.
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NewsMcMullens turns a profit despite challenges
In the current financial year, the family brewer has opened new pubs in Whitehall, Cambridge, Milton Keynes and is currently developing a new site in St Albans.
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NewsCapco and Shaftesbury agree to merge
The combined portfolio, located in some of the most “iconic” areas of London’s West End, will be valued at around £5bn, with just over a third of this in hospitlaity and leisure
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NewsThwaites records positive performance
The tenanted pub company returned to profit in the year to 31 March 2022 and has emerged from the pandemic in a “strong financial position”, chairman Richard Bailey said.
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NewsWhitbread on its way to post-pandemic recovery
The Premier Inn operator announced a strong bounce back in food and beverage sales, alongside rising occupancy levels
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NewsRevolution confident of beating market expectations
Revolution Bars Group has said that following strong trading over the Jubilee Bank Holiday its board is confident of delivering adjusted EBITDA of +£10m
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NewsPeckwater Brands raises £15m
The virtual restaurant brand operator received backing from Stonegate, SoftBank, Fuel Ventures, Pembroke VCT
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InterviewsFuller’s: ‘London is getting back to its vibrant best’
CEO Simon Emeny talks to MCA about the improving trajectory of pubs in the capital – and how the company’s new branding strategy is targeting a younger customer base
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NewsFuller’s starts new financial year ‘on a high’
Reporting a return to profit growth in 2022, CEO Simon Emeny said the pub company was looking to the future with “confidence and excitement”
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NewsCGA acquired by NielsenIQ
The acquisition builds on NielsenIQ’s 2009 investment in CGA and aims to deliver “the most innovative and granular” alcoholic beverage measurement and insights solution
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NewsCity Pub Group sees ‘strong sales momentum’
Like-for-like sales have continued to strengthen faster than predicted, with May 2022 5% ahead of May 2019