All MCA Insight articles in April 2014 – Page 3
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NewsBrewDog attacks Portman
BrewDog, the Scottish brewer and pub operator, has attacked Portman Group after the company’s Dead Pony Club brand was blacklisted by Portman’s Independent Complaints Panel
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City of London moves closer to late-night levy
The City of London Corporation’s licensing committee has unanimously agreed to introduce a late-night levy, after the authority consulted on the fee for the second time in five months
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BBQ gastro-pub concept secures first site
Smoke and Grills, a gastro-pub barbeque concept, has secured its first site in Surrey and plans to acquire an additional five sites across the rural London area in the next three years
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NewsDrinks firms on track to remove one billion alcohol units
The drinks industry is on track to meet its target of removing one billion units of alcohol by 2015, having reached 25% of the target in the first year (2011-2012), a new report shows
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OpinionThe IPO trailblazer
Six months ago, Eclectic Bar Group became the first pub, bar or restaurant operator to float on the stock market since Capital Pub Company in 2007. John Harrington gets the inside track from chief executive Reuben Harley and chief financial officer John Smith
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NewsKFC sets out UK expansion plans
KFC is planning to create up to 6,500 new jobs with the opening of 150 additional outlets in the UK and Ireland over the next five years
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FY EBITDA up 14.9% at Richoux
Richoux Group has this morning reported a 14.9% rise in EBITDA for the year to 29 December 2013.
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NewsPub sector 'in best shape for three decades'
The pub sector is in the best shape its been for three decades and it has plenty of scope to grow and take market share as the economy improves, according to leasing analyst Geof Collyer in an extensive report on the UK’s pub and restaurant industries
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NewsCollyer raises TP for major pub groups
Leading analyst Geof Collyer of Deutsche Bank gives a generally upbeat assessment of six major listed pub companies. He raised his Target Price for all but Enterprise and upgraded Mitchells & Butlers (M&B) from Hold to Buy
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NewsCollyer issues Hold for TRG
Leading analyst Geof Collyer has initiated his coverage of The Restaurant Group (TRG) by issuing a Hold recommendation and 700p Target Price, saying the Frankie & Benny’s and Chiquito operator is “well established” to retain its strong performance over the past decade
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NewsApollo acquires Tragus, Derkach to step down as CEO
John Derkach is to step down as chief executive of Tragus after Apollo Global Management, which already held the majority of the group’s debt, acquired the business from Blackstone. Steve Richards has been appointed as the c300-strong group’s new chief executive
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NewsEd’s Easy Diner to explore options
Ed’s Easy Diner is thought to have carried out a beauty parade of advisors as it considers a number of strategic options to aid the next stage of its development
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Vital appoints advisors as it considers funding options
Vital Ingredient, the London-based tossed salad-to-go concept, has appointed advisors as it seeks to secure private equity funding to aid its next stage of development
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NewsEurope drives Q1 BK sales growth
A strong performance across Europe, helped Burger King report a 2% increase in comparable sales for the first quarter of the year
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Pitt Cue Co in talks on second site
Pitt Cue Co, the American-style BBQ concept, is believed to be in talks on opening a second site in London, in Old Street.
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Britvic launches new dispense solutions into on-trade
Britvic is launching a range of new carbonate draught dispense solutions into the on-trade to help pubs deliver “the perfect serve every time”
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Simit Sarayi targets UK
Turkey-based bagel operator Simit Sarayi, one of the biggest eating-out chains in the country, is targeting a launch in the UK
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KTT agrees tie-in with fellow Thai brand
Koh Thai Tapas (KTT), the Thai tapas restaurant group, has entered a “brand tie-up” to begin the process of becoming incorporated with Mango Thai Tapas, a Southampton-based tapas bar that has been trading since 2007
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Amber nears 100-site milestone
Amber Taverns, the operator of wet-led community pubs, has continued its expansion with the acquisition of a former Bramwell Pub Company site in Derbyshire, and is in the process of adding a further four, M&C Report has learnt
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LV to dispose of Red Door site
Living Ventures, the Tim Bacon-led group, is to dispose of its Red Door bar and lounge site in West Kirby