All Fuller’s articles – Page 29
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OpinionSector to find more space for rooms
Following the food revolution, the next growth area for the pub sector is gearing up to be accommodation, with a number of operators set to invest significant funds into growing their room stock over the coming 18-24 months and as overseas tourists return to the UK
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News
French: Good growth expected for Fuller’s in Q3
A leading analyst has said he expects Fuller’s to report a period of good progress with c7% growth in earnings to £18.3m PBT when it announces its H1 results for the 26 weeks to 28 September on 22 November
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News
Openings to aid Young’s performance
A leading analyst has said that he expects a raft of new openings to have provided momentum to the performance of Young’s, which will release its H1 results for the six months ended 30 September on 21 November
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NewsM&C20 large caps have a bad week
The M&C20 Index suffered one of its biggest reverses this week to finish down 2.3% at 1,127, the leisure sector badly underperforming the market as the FTSE All-Share index advanced a point to 1,036
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News
Jack predicts Fuller's H1 PBT of £18m
Leading analyst Douglas Jack has forecast that Fuller’s will report a pre-tax profit of £18m in H1, up from £17.1m in the first half of 2012
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NewsM&C20 underperforms against FTSE
The M&C20 suffered a decline this week, down 1.2% to 1,149.95 - a fall that wiped £127m off the value of the 20 companies represented in the index
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News
Dominos' Wald re-joins Fuller's
Domino’s Pizza’s head of franchising Georgina Wald is to return to Fuller’s, the London-based brewer and pub operator, to head up its PR team, M&C Report has learnt
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News
Fuller's refubs Bath pubs
Fuller’s, the London-based brewer and pub operator, is to re-open two pubs in Bath following refurbishments
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NewsSmall cap gains boost M&C20
A second consecutive week of share price gains for leisure sector PLCs helped push the M&C20 index up 1.0% to 1,164. But it wasn’t enough to outperform the FTSE all-share, which grew 1.7% to a new high of 1,041
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News
Crowther: New acquisitions ahead of forecast
The six-strong group of pubs that Liberation Group, the Jersey-based pub and drinks business, acquired back in June are delivering ahead of forecast after a period of bedding in, according to chief executive Mark Crowther
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News
Fuller’s names Parcel Yard as its pub of the year
Fuller’s has named The Parcel Yard, at Kings Cross, London, its pub of the year, receiving the group’s The Griffin Trophy
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NewsM&C20 suffers third consecutive decline
The M&C20 suffered its third consecutive decline this week, down 2.3% to 1,122 - a fall that wiped £240m off the value of the 20 companies represented in the index
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NewsTax Parity Day raises sales and awareness
Last Wednesday’s Tax Parity Day, which saw up to 15,000 outlets take part in a national day of action as part of the campaign to reduce VAT for the sector to 5%, helped increase sales for participating operators by up to 23%, while also raising awareness of the disparity between the zero rate for food in supermarkets and the 20% VAT rate for pubs and restaurants
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News
Fuller's: micro craft 'explosion' will stabilise
Fuller’s, the London brewer and pub operator, has outlined plans for its brands to respond to the “challenging” beer market, including the microbrewery craft beer “explosion” that it expects to “stabalise” soon
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News
Tax Parity Day takes place today
Up to 15,000 outlets are expected to take part in today’s national day of action as part of the campaign to reduce VAT for the sector to 5%
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NewsM&C20 underperforms against FTSE
The M&C20 underperformed against the FTSE All Share this week despite a strong performance from Punch Taverns
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News
'Thousands of outlets' to cut prices on Tax Parity Day
A source close to the campaign to cut VAT for the sector to 5% has estimated that between 10,000 and 15,000 outlets will reduce their prices on the national day of action
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OpinionThe investment case
At four o’clock last Wednesday morning the deal for Cote, which had been nearly a year in the making, finally got over the line. Many had questioned whether it would actually happen, with rumours of a parked process and complications over finding a chairman, but there was always a sense that this was one deal that would go through. So what next for the brand and for the leisure sector as a whole and what further opportunities are on the horizon?
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NewsJDW FY lfls rise 5.8%
JD Wetherspoon, the managed pub operator, has reported a 5.8% rise in like-for-like sales in the year to 28 July, with profits before tax and exceptionals up 6.3% to £76.9m, in what it called a “year of progress”
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Weekend Press
Weekend press round-up, 31 August-1 September
RestaurantsCote tempts new suitorRichard Caring is edging closer to a deal to sell his Cote brasserie chain for about £100m. CBPE, the private equity firm that was once part of Close Brothers investment bank, is in talks to buy the 45-strong chain.It has leapfrogged Bridgepoint, a rival firm best known ...