All Results articles – Page 43
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NewsTesco to reduce capex
Tesco has announced that capital expenditure for its current financial year is to be lower than initially planned, with a total spend expected to be £2.1bn, c£400m lower than anticipated and c£600m below last year
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NewsTRG H1 lfls up 2.5%
The Restaurant Group (TRG) saw like-for-like sales grow 2.5% for the 26 weeks to 29 June and said it remained on track to double in size over the next eight to ten years
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Pernod Ricard FY Europe sales up 2%
Pernod Ricard, the world’s second-biggest spirits group, saw full-year sales decline 7% to €7.95bn
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Pub People Co reports pre-tax loss
The parent company of Midlands-based Pub People Company saw its pre-tax profit turn into a pre-tax loss in the year to 31 March 2014 after incurring significantly higher interest charges, and said it would continue to exit “underperforming” pubs
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Analysis & Insight
Food spend falls
The amount spent on food has fallen for the first time since record began 25 years ago, as prices continued to outstrip wage growth
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NewsBrakspear reports a year of ‘positive change’
J T Davies & Sons, the parent company for Henley-based pub operator Brakspear, has reported a year of “positive of change”
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NewsBatemans has seven-figure acquisitions fund
Batemans, the Lincolnshire brewer and pub operator, has a seven-figure sum available for acquisitions over the coming three years and also plans to dispose of nine pubs during 2014 and 2015, managing director Stuart Bateman has told M&C Report
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News
PBT surges for Sir John Fitzgerald
But the pub and restaurant group says it “may be some time before the north east, our trading area, feels more affluent”
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NewsCarlsberg sees 'particularly strong' UK Q2 growth
Carlsberg saw its UK business grow 4% in the first half of 2014, with “particularly strong growth” in Q2 due to favourable weather conditions compared to last year in addition to its World Cup activities
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NewsStrong UK helps drive Heineken volume growth
Heineken has reported double-digit volume growth in Western Europe in the first half of 2014, driven by “strong underlying brand performances” in the UK as well as France, Spain, Ireland and Portugal.
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NewsDraft House lfls up 10%
Like-for-like sales for Draft House, the London-based craft beer bar concept, are currently about 10% ahead of last year and the group expects to make “significant” net profit and EBITDA in its current financial year, founder Charlie McVeigh has told M&C Report
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NewsDraft House reports sharp growth in EBITDA and sales
Draft House, the London-based craft beer bar concept, saw EBITDA before opening expenses grow 163% to £251,620 in the eight months to June 2014, while year-on-year sales increased 29% to £3.2m
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NewsBatemans FY profits slide
Batemans, the Lincolnshire brewer and pub operator, saw pre-tax profits slide 29.9% to £168,135 in the 12 months to 31 January 2014 in what it called “another challenging year”.
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Chaophraya owner reiterates London expansion focus
Thai Leisure Group (TLG), which operates the Chaophraya and Thaikhun brands, has reiterated plans to launch in London
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News
Retail income up in Cineworld H1
Cineworld has announced that its retail revenue across its UK & Ireland estate was 0.7% higher than the previous year
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Analysis & Insight
Sector lfls up 2.2% in July
Managed operators in the pub and restaurant sector have delivered consistent growth for 16 months, after reporting a 2.2% increase in like-for-like sales in July, new figures show
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NewsJust Eat sees “excellent growth” period
Just Eat said it achieved “excellent growth” in the six months to 30 June 2014 with revenue up 58% to £69.8m and underlying EBITDA up 591% to £15.9m
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NewsEnterprise: Q3 underlying growth was 1.1%
Underlying like-for-like net income growth for Enterprise Inns in the third quarter of 2014 was 1.1%, taking out the positive impact of the football World Cup and a later Easter
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NewsEnterprise Q3 lfl net income grows 2.1%
Enterprise Inns, the tenanted and leased pub operator, saw like-for-like net income growth accelerate to 2.1% in the three months to 2 August, helped by the World Cup and the company’s “on-going operational initiatives”
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News
Fulham Shore sees losses narrow
Fulham Shore has reported revenues of £543k in the year to 30 March, while operating losses narrowed from £125k to £115k