All Applegreen articles – Page 2
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NewsApplegreen reports sharp recovery in sales following a 26.6% fall in first half
Applegreen has reported a sharp recovery in sales following the lockdown as it recorded a 26.6% reduction in sales for the first half of 2020.
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NewsApplegreen secures additional funding for Welcome Break during Covid-19 crisis
Applegreen has announced that it has secured additional funding for its motorway services subsidiary Welcome Break to enhance its liquidity during the Covid-19 crisis.
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NewsApplegreen reveals it is trading above its expectations
Applegreen plc has revealed that all its sites have remained open during the Covid-19 lockdown, and current trading levels are ahead of its expectations for the second quarter. It added that the recent easing of movement restrictions in each of its markets has resulted in increased traffic volumes. The trading ...
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Applegreen still confident about long-term growth
The chief executive of Applegreen has said he is confident the business can achieve long-term growth, despite any uncertainty caused by the coronavirus pandemic, and revealed how it is affecting the company in the short term.Unveiling the group’s results for 2019, Bob Etchingham said: "We are highly conscious of the ...
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NewsApplegreen boss confident of achieving long-term growth
The chief executive of Applegreen has said he is confident the business can achieve long-term growth, despite any uncertainty caused by the coronavirus pandemic, and revealed how it is affecting the company in the short term.Unveiling the group’s results for 2019, Bob Etchingham said: “We are highly conscious of the ...
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NewsApplegreen takes short-term action to conserve cash
Top 50 Indie Applegreen has announced a number of short-term actions to conserve cash during the uncertainty caused by the coronavirus pandemic.The group’s 2019 results are due to be released on Friday March 27 and it said profitability for 2019 would be in line with market consensus, driven by solid ...
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NewsApplegreen expects greater benefits from Welcome Break
Applegreen has reported the integration of Welcome Break into the business is going well and could provide greater savings than originally expected, as it published its results for the six months ended 30 June 2019.It said: “The integration of Welcome Break, which was acquired in October 2018, is going well ...
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Applegreen launches low-price motorway fuel
Applegreen appears to be extending its low-fuel price proposition to its Welcome Break estate with the introduction of a fuel brand from its Irish operation and a pledge to offer the "lowest motorway fuel prices".Welcome Break has launched the fuel brand called Fuelgood, which is currently only available in the ...
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NewsApplegreen issues challenge on motorway fuel prices
Applegreen appears to be extending its low fuel price proposition to its Welcome Break estate with the introduction of a fuel brand from its Irish operation and a pledge to offer the “lowest motorway fuel prices”. Welcome Break has launched the fuel brand called Fuelgood, which is currently only available ...
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NewsApplegreen buys a stake in 23 US service stations
Applegreen has struck a deal to acquire a 40% holding in 23 service stations in Connecticut, in the US. The company is part of a consortium that has agreed to takeover CT Service Plazas, the owner of the sites, which are located on three high-traffic routes that are the main ...
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NewsApplegreen moves into US mid-west with 46 new sites
Applegreen has made its first major acquisition in the mid-west of the US. The company has agreed a 10-year lease for 46 petrol filling stations with convenience stores in the states of Michigan, Minnesota and Wisconsin, with a significant number of the sites concentrated in and close to the greater ...
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NewsApplegreen exploring new opportunities in the US
Applegreen is continuing to explore new opportunities in the US, its chairman, Daniel Kitchen, has told shareholders at its AGM. Giving an update for the first five months of 2019, he said: “The US business is performing well and we continue to explore new opportunities in this market.” Last year ...
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NewsGang of robbers raid Applegreen site in Hampshire
Officers from Hampshire Police are investigating after a gang robbed a forecourt in West End, east of Southampton. At about 4.30am on Monday 20 May a group of around five or six men carrying metal objects forced entry to the Applegreen Service Station on Swaythling Road. A member of staff ...
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NewsApplegreen UK wins award for online recruitment
Applegreen UK and Blue Octopus, an online recruitment specialist, have won an award at the 15th annual Onrec Annual Online Recruitment Awards. The ceremony celebrates innovation and achievements within the online sector of the recruitment industry. Applegreen, along with partners Blue Octopus received the win for “Innovative Use of Social ...
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NewsApplegreen increases turnover to €2.0bn
Applegreen plc has announced group revenue increased by 41% to €2.0bn for the year ended 31 December 2018. Adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) increased by 46% to €58.1m in 2018, compared with €39.8m in 2017. Excluding the Welcome Break acquisition, Applegreen’s adjusted EBITDA increased by 20% ...
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Applegreen completes Welcome Break deal
Applegreen has completed the transaction which makes it the second largest motorway service area operator in the UK. In a Stock Exchange announcement on November 1, it confirmed it had completed the deal which gives it a 50.01% controlling stake in Welcome Break. The current Welcome Break CEO, Robbie Bell, ...
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NewsApplegreen launches festive promotion
Applegreen has launched an innovative Christmas promotion in Eire and Northern Ireland, centred on its seasonal hot beverage cups. The company is asking customers to post a selfie of them with the Christmas cup for a chance to win a €50/£50 gift card, always welcome at this time of the ...
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NewsApplegreen completes takeover of Welcome Break
Applegreen has completed the transaction which makes it the second largest motorway service area (MSA) operator in the UK. In a Stock Exchange announcement it confirmed it had completed the deal it agreed at the beginning of August, which means it has a 50.01% controlling stake in Welcome Break. The ...
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NewsApplegreen shareholders give go ahead for Welcome Break deal
Applegreen’s shareholders have approved its acquisition of a controlling stake in motorway service area (MSA) operator Welcome Break, and the company anticipates the transaction will complete on or around 31 October. The deal was approved at an EGM which also gave the green light to a share placing to part ...
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Applegreen share offer
Applegreen has raised 175m (£156m) through a share placing with existing and new institutions to part-fund the acquisition of a majority stake in Welcome Break. In the announcement revealing the new funding, the company said the share offer was "significantly oversubscribed".The new shares represent 23.9% of the company’s share capital, ...