All Results articles – Page 37
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News
BHA income dips
The British Hospitality Association (BHA) saw income fall 1.2% to £1.37m in 2013, although subscription income rose 2.1% to £1.13m
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NewsWagamama distances itself from rapid expansion reports
Wagamama, the Duke Street Capital-backed chain, is understood to have distanced itself from reports that it’s looking to open 50 restaurants this year
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News
Booker lfls up 3.1% for Q2
Booker Group, the food wholesaler, reported like-for-like sales growth of 3.1% for non-tobacco sales and growth of 1.8% for sales excluding its Makro stores for the 12 weeks to 12 September 2014
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News
Essenden H1 lfls grow 6.1%
Essenden, the tenpin bowling operator, has reported a 6.1% rise in like-for-like sales in the 26 weeks to 29 June, in what it called a period of “significant progress” for the company
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NewsBurger King reports 2.7% global lfls growth
Burger King has reported 3.7% sales growth in North America in July and August and 2.7% globally, according to a Securities and Exchange Commission filing that showed Tim Hortons enjoying like-for-like sales of 3.6% in Canadian stores and 7% in US stores
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News
Analysts upgrade Greggs
Two leading analysts have upgraded their expectations for Greggs following upbeat interim management statement for the third quarter from the high street bakery group
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NewsGreggs FY profits 'to exceed expectations' as lfls rise
Greggs, the bakery chain headed by Roger Whiteside, has reported a significant improvement in recent trading with like-for-like sales up 5.4% for the 11 weeks to 13 September, and said it expects full-year profits to be “materially ahead of our previous expectation”.
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NewsPing Pong FY lfls grow 3.9%; losses widen
Ping Pong, the London-based dim sum chain, saw like-for-like sales rise 3.9% in the year to 30 March 2014 although pre-tax losses widened from £295,606 to £1.5m
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NewsJDW FY PBT grows 3.1%, operating margins dip
JD Wetherspoon has reported a 5.5% rise in like-for-like sales in the year to 27 July, with profit before tax and exceptionals up +3.1% to £79.4m, although pre-exceptional operating margin declined
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NewsPrezzo reports 'strong' H1
Prezzo, the restaurant group headed by Jonathan Kaye, has reported a “strong” start to the year with a 17% rise in adjusted EBITDA to £14.6m in the 26 weeks to 29 June, and said it expects to have opened 25 new restaurants by its year end
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NewsGaucho lines up Far East opening
Gaucho Holdings will open its first Asian outpost in the heart of Hong Kong in mid-October
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NewsMcDonald's: UK 'positive' amid global decline
McDonald’s says a “positive” performance in the UK helped to offset weakness in Russia, as comparable sales across Europe fell 0.7% in August
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NewsEllis raises Whitbread TP
Leading analyst Wyn Ellis has increased his Target Price for Whitbread from £43 to £45 after its “very strong” trading update
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NewsGreene King Retail lfls rise 0.4%
Greene King, the brewer and pub operator, has reported a 0.4% rise in like-for-like sales in its managed Retail arm in the 18 weeks to 7 September, with “tough comparatives” from last year’s “excellent” summer, “compounded by a disappointing World Cup”
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NewsWhitbread Q2 lfls grow 6.8%
Whitbread has maintained its like-for-like sales growth in its most recent trading period, with growth of 6.8% in the 11 weeks to 14 August, and said it “remains on track for another good year”
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NewsNetwork Rail reports strong growth for food operators
Like-for-like sales at ‘specialist’ food retailers Wasabi, Nampo, Mi Casa and Patisserie Valerie at stations operated by Network Rail increased by 18% in the three months to 30 June
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NewsMcDonald’s UK FY turnover hits £1.5bn
McDonald’s Restaurants Limited, the UK arm of the fast food giant, saw turnover for 2013 grow 13.7% to reach £1.5bn in 2013, as pre-tax profits rose 21.1% to £244.9m
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NewsMiller Brands maintains strong performance
Miller Brands UK, the supplier of premium beer brands Peroni and Pilsner Urquell, has continued its strong performance in its current financial year after reporting growth in the year to 31 March, managing director Gary Haigh has told M&C Report
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NewsGlendola: FY PBT falls 11.2%
Glendola Leisure, the London-based bar and restaurant group, has seen its profit fall to £2.2m from £2.5m the previous year in what it called “a reasonably successful period in challenging economic circumstances”
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News
Trust Inns FY PBT grows 32.8%
Trust Inns, the tenanted pub operator led by Lynne D’Arcy, saw pre-tax profits grow 32.8% to £3m in the year to 31 March