All Results articles – Page 12
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NewsAB InBev sees double digit UK H1 growth
AB InBev has reported double-digit revenue growth in the UK for the first half of the year, as the World Cup and warm weather boosted premium beers sales.
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NewsCompass Group reports on “challenging” UK environment
Compass Group, the concessions operator and contract caterer, has reported revenue growth of 5.7% in the third quarter.
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NewsCaffè Nero FY lfls up 2.5%
Caffè Nero group has reported like-for-like growth of 2.5% for the year to 31 May, with group sales up 10%.
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NewsArc Inspirations lfls up 1%; EDITBA up 33%
Bar operator Arc Inspirations has achieved like-for-like sales growth of 1% for the full year to 1 April 2018, with EDITDA up by a third (33%), to £3.2m.
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NewsNewRiver: Hawthorn integration going well
NewRiver has this morning reported that Hawthorn Leisure, the 298-strong pub business it acquired in May for £106.8m, is expected to generate at least £3m of annualised operating synergies and that the integration of the business is progressing well.
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NewsYoung’s managed lfls up 5.2% in Q1
Young’s has reported like-for-like sales in its managed house arm up 5.2% in the first 13 weeks of the current financial year, with total sales for the division up 8.8%.
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NewsHeavitree H1 profits up after pubs sales
Heavitree Brewery, the Exeter-based tenanted pub operator, has reported a 138.7% increase in pre-tax profits in the first half of the year after a spate of sales.
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NewsWhitbread f&b lfls down 1.9% in Q1
Whitbread has this morning reported food & beverage sales across the business down 1.9% on a like-for-like basis for its first quarter with Costa UK like-for-like sales down 2%
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NewsRevolution lfs slide 1.7% in H2
Revolution Bars Group has reported like-for-like sales down 1.7% in the second half of its financial year to 9 June, amid “challenging and volatile trading conditions”.
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NewsFuller’s eyes return to acquisition trail for The Stable
Fuller’s chief executive Simon Emeny spoke to MCA about the potential to return to the acquisition trail with The Stable, investment opportunities in the sites acquired from We Are Bar and the lessons learnt from the £6.3m acquisition of Dark Star earlier this year. He also discussed the evolution of the tenanted estate and initiatives to further develop its teams.
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NewsFuller’s FY managed lfls up 2.9%
Fuller’s has reported like-for-like sales up 2.9% in the year to 31 March across its managed estate.
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NewsVianet grows profits despite 1,420 pub disposals
Vianet has said its strategy of increasing its focus on coffee and vending machines is showing rewards, as profits and revenue grew in the year to 31 March.
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NewsOakman FY lfls up 6.8%
Oakman Inns has reported like-for-like sales up 6.8% in the year to 1 April.
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NewsTRG lfls down 4.3% in year-to-date
The Restaurant Group (TRG) has reported like-for-like sales for the 20 weeks to 20 May down 4.3%, with total sales falling 3.1%.
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NewsShaftesbury estate ‘unaffected’ by external pressures
West End landlord Shaftesbury has reported “healthy trading “ across its estate, with the West End “largely unaffected” by the challenges facing the rest of the sector.
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NewsJoule’s reshuffles board after year of consolidation
Joule’s – the brewer and operator of 41 pubs - has restructured its senior team as it refocuses on brewing for its own estate adding two pubs a year.
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NewsMarston’s “will continue to land bank sites”
Marston’s chief executive Ralph Findlay has told MCA the group will continue to land bank sites despite revising down its growth targets for next year.
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NewsEiG: Managed Expert exits; REIT status and regional growth
Following Ei Group’s H1 trading update, MCA spoke to chief executive Simon Townsend. He discussed what the group’s revised growth prospects mean for the long-term goal of converting to a REIT. He also spoke about the where growth would come from in the managed estate, timetabling eventual exits from the Managed Investment partnerships and the first new site for its joint venture with PubLove. On the tenanted and leased estate, he said that while the Midlands and the north of England had slipped into negative like-for-likes, the long-term recovery of these areas remains on track.
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NewsPatisserie Holdings H1 revenue up 9.1%
Patisserie Holdings saw revenue grow 9.1% to £60.5m in the six months to 31 March
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NewsEiG “maintaining growth momentum” in H1
Ei Group has reported like-for-like net income up 0.6% across its leased and tenanted estate for the six months to 31 March.