DAILY BRIEFING: Sales soar by 3 per cent at Maroush

Sales soar 

West End Lebanese kebab chain Maroush Group has posted a 3 per cent rise in sales to £22.1m in the year to March 2017. The restaurant group cut its losses from £1.4m to £1.3m during the period.

Gin up 

Jameson Whiskey owner Pernod Ricard is targeting younger customers with the launch of a pink gin by its brand Beefeater.

West End Lebanese kebab chain Maroush Group has posted a 3 per cent rise in sales to £22.1m in the year to March 2017

West End Lebanese kebab chain Maroush Group has posted a 3 per cent rise in sales to £22.1m in the year to March 2017

West End Lebanese kebab chain Maroush Group has posted a 3 per cent rise in sales to £22.1m in the year to March 2017

Profits fizz 

Revenues at Pepsi owner Pepsico rose by 5 per cent, and reached $19.5bn in the three months to December 30, surpassing Wall Street expectations.

Sewn up 

Men’s tailor Berwin & Berwin has been rescued from administration by the Edinburgh Woollen Mill Group.

Tech tie-up 

Podcast-host Audioboom plans to tap investors for £155m as it eyes a reverse takeover of tech rival Triton Digital Canada.

Full speed 

Car hire giant Lease Plan is gearing up for a stock market flotation after clocking a double-digit rise in profits.

Germany battle 

German lender Deutsche Bank is shelling out £3.2m to settle US claims it did nothing to stop bond traders lying to their customers.

Stock listing 

Fund services firm JTC Group is mulling a £320m float on the London Stock Exchange.

Building stake 

Fund manager Neil Woodford has doubled his stake in housebuilder Crest Nicholson to 10.3pc, making him its biggest shareholder with a stake worth £127.7m. 

Auditor blow 

Tainted accountant KPMG has been shunned by the public sector after a string of scandals securing just £12m of state contracts last year, down from £55m in 2015 according to research firm Tussell.

Oil boost 

Norway-focused oil and gas firm Faroe Petroleum produced 14,300 barrels of oil per day last year and predicts 2018 production of up to 15,000 daily.

Aim float 

Irish industrial investor Core Industrial Reit plans to float on the junior AIM market valued at around £222m.

North stars 

Engineer BAE Systems is a major partner for this year’s Great Exhibition of the North, a government-backed event promoting design and industry held between June and September in Newcastle and Gateshead. 

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