Finance – Page 312
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Opinion
Health bodies withdraw from Responsibility Deal
The future of the Alcohol Network of the Responsibility Deal is in jeopardy after a group of senior health bodies and professionals pulled out over the shelving of minimum pricing
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NewsLa Tasca closes in on new funding
A financial restructure of La Tasca is set to be announced in the coming weeks, which will enable the business to undergo a period of investment in the current estate and in acquisitions
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Opinion
Jack: Strong trading at Fuller’s should continue
A leading analyst has said that he expects trading at Fuller’s to have been strong when it gives its update next Thursday, particularly in managed pubs and hotels
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Opinion
Sector LFLs up 1.6% in June
Like-for-like sales across 27 leading brands grew 1.6% in June, although outside London like-for-likes were essentially flat and declined among wet-led pubs, new figures show
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News
Jack: Marston’s well placed to accelerate growth
A leading analyst has said that Marston’s is well placed to accelerate growth
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Opinion
Young’s signs BT Wi-Fi deal
Young’s has signed a deal with BT that will see Wi-Fi rolled out across its pub estate
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NewsFirst Restaurant Group in private equity talks
The First Restaurant Group is in talks with a couple of private equity groups regarding new investment to enable it to roll out its Harry Morgan concept to up to 30 sites over next five years
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News
Welcome Break deal leaves RBS out of pocket
The Royal Bank of Scotland has been left more than £80m out of pocket by Robert Tchenguiz’s ill-fated investment in a portfolio of Welcome Break sites
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News
Supermarket discounts hit St Peter's
St Peter’s Brewery saw a pre-tax profit turn into a pre-tax loss in the year to 28 February, with the firm saying supermarket special offers made it “extremely difficult” to maintain margins
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News
McMullen’s adds Punch freeholds
Hertfordshire brewer and operator McMullen’s has acquired three further pubs, including two central London-based freehold sites from Punch Taverns, for an undisclosed sum
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News
Jack: M&B is operationally geared into better trading
A leading analyst has said that he expects M&B’s like-for-like sales to have picked up, aided by favourable weather and easy comparatives
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News
Analyst corner
Jamie Rollo at Morgan Stanley looks ahead to next month’s trading update from Enterprise Inns
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News
Hop Stuff Brewery surpasses fundraising target
Hop Stuff Brewery has become the third brewer to raise funds on crowdfunding platform, Crowdcube, raising £58.3k, which is 117% of its original target
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NewsInventive invests £6.6m in evolved Revolution
Inventive Leisure, the Alchemy Partners-backed bar operator, is to spend £6.6m rolling out an evolved version of its Revolution brand
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NewsAG Barr and Britvic merger abandoned
The proposed merger between AG Barr and Britvic has collapsed, after the Irn Bru maker had a renewed offer to merge the two companies rejected
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NewsYum! UK sales dip 2%
However, margin and operating profits in its international business benefited from last November’s sale of its Pizza Hut UK restaurant arm to Rutland Partners
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News
Downing Pub EIS raises £8.9m
The fund has raised £8.9m of its c£15m target to date, and has so far invested in eight pubs across three different companies, M&C Report has learnt
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News
Booker LFLs rise 1%
Booker Group has reported a 1% rise in like-for-like sales excluding its Makro business in the 12 weeks to 21 June.
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News
Ca’puccino secures expansion funds
Ca’puccino, the Italian coffee concept, plans to open 10 more sites, including eight in the UK, in the next couple of years after securing new investment
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News
Services sector 'optimistic'
BDO report says optimism in the services sector is particularly strong as its overall business Optimism Index hits a 13-month high