All MCA Insight articles in January 2014 – Page 10
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News
Collyer cuts JDW profits and earnings forecast
Leading analyst Geof Collyer has downgraded his profit and earnings expectations for JD Wetherspoon following its Q2 update yesterday, which he described as “the usual curate’s egg”, with improving like-for-likes but warnings of lower margins
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Jack: Fuller's has upgrade potential
Leading analyst Douglas Jack has reiterated his Add forecast for Fuller’s ahead of its Q3 interim management statement on Thursday, saying that it has “further upgrade risk”.
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AG Barr forecasts strong Q4
AG Barr, the soft drinks company, says it expects total revenue in Q4 to be c5.5% ahead of the previous year
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Landlords seeing value of small fine-dining venues
The trend for small fine-dining venues looks set to continue in 2014 after a flurry of deals last year
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Former Loch Fyne MD to lead Tortilla
Tortilla has appointed Richard Morris, former managing director of Loch Fyne Restaurants, as its new managing director to oversee its next stage of growth
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Bath Ales signs Russia export deal
Bath Ales, the brewer and pub operator, has signed a deal to export its beers to Russia
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AngelBerry launches fundraising for 'aggressive' expansion
AngelBerry, the Bristol-based frozen yoghurt operator, is bidding to raise £150,000 for an “aggressive” expansion drive over the next three years that would see it grow from six to c100 outlets globally
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TRG’s Page: time to take a step back
Out-going TRG chief executive Andrew Page told M&C Report that he felt the time had come to take step back from the industry and its “relentless” nature
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Whitbread chairman to step down
Whitbread has announced that Anthony Habgood will step down as chairman later this year
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SSP hires Lazard for IPO launch
SSP, the travel concessions operator, has reportedly hired investment firm Lazard to advise on its market debut
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Tesco secures Carluccio’s head of marketing
Tesco has further strengthened its Family Dining division with the appointment of Paschalis Loucaides, formerly of Carluccio’s, as its head of marketing
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Subway to accelerate UK and Ireland expansion
Subway has announced plans to grow to 3,000 UK and Ireland stores by 2020, taking it above rivals including McDonald’s and Greggs
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Adventure Bars to launch fast-casual concept
Adventure Bars, the London-based bar operator, is to launch a new fast-casual BBQ concept called Dub Jam in Covent Garden
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Byron secures Chiswick site
Byron, the Hutton Collins-owned burger chain, has secured a further site in London, after acquiring the Café Rouge in Chiswick, M&C Report understands
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Which Wich? closes in on UK launch
Which Wich?, the 350-strong American sandwich chain, is closing in on plans to make its UK debut, M&C Report has learnt
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Cable: pubco code is 'necessary'
Business Secretary Vince Cable has said statutory regulation governing the relationship between pub companies and their tenants is “necessary” and the trade will “soon hear how [the Government] will take that forward”
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Five Points Brewing Co claims Living Wage first
East London brewer Five Points claims to be the first UK brewer to become an accredited Living Wage Employer
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Rossopomodoro launches gluten-free pizzas
Rossopomodoro has launched NGCI (no gluten containing ingredients) versions of some of its most popular pizzas in the UK
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UK cider industry is “best in the world”
The UK’s cider industry is the most vibrant, diverse and successful in the world – that was the message delivered to MPs and government officials at apacked Westminster reception earlier this week
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Jack raises JDW lfl prediction, cuts PBT estimate
Leading analyst Douglas Jack has increased his like-for-like sales growth prediction for JD Wetherspoon but cut his 2014 pre-tax profit forecast after the managed operator said it expects operating margin for the half year to have fallen from 8.3% to 8.1%L