All articles by Georgi Gyton – Page 92
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NewsAdmiral Taverns to acquire Hawthorn in £222m deal
Admiral Taverns has reached an agreement to acquire community pub company Hawthorn from parent company NewRiver, for a cash consideration of approximately £222.3m.
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Analysis & InsightMarston’s described as ‘top value play’
Marston’s has been described as a ‘top value play’ by analyst Peel Hunt, in a note preceding the brewer and pub operator’s third quarter trading statement due out on 28 July.
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Analysis & InsightLoungers could up 25 new openings a year target
Loungers’ is exploring the possibility of moving beyond its target rate of 25 new site openings per year, according to analyst Berenberg.
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NewsGovernment still committed to Covid passports
The government is standing firm on its decision to implement vaccine passports as a condition of entry to nightclubs, despite a huge backlash from some Conservative MPs.
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NewsStonegate to launch £165m secured notes offering
Stonegate Group is to launch a senior secured notes offering in a bid to raise £165m, in part to finance the capital expenditure in its pubs.
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InterviewsBrasserie Bar Co’s Mark Derry: ‘The sector is being strangled by tax’
The potential for the hospitality sector to grow and contribute more positively to the coffers of the treasury is being held back by businesses’ ever-increasing cost base, according to Mark Derry, executive chairman at Brasserie Bar Co.
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NewsAll hospitality businesses currently recruiting, says poll
One hundred percent of hospitality businesses are currently looking to fill vacancies, according to new research from UKHospitality and pub trade bodies the British Beer & Pub Association and the British Institute of Innkeeping.
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InterviewsLoungers: ‘It’s a great time to be growing the business’
Loungers is looking to capitalise on the “really strong new site opportunities” it is finding in the property market, as it gets back to its pre-Covid run rate of 25 new site openings a year, chief executive Nick Collins has told MCA.
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NewsMarket Halls launches £1m crowdfund campaign
Market Halls has kicked-off a £1m crowdfunding campaign through Seedrs.
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NewsYoung people support vaccine passports for nightclubs
More than half (57%) of 18-25-year-olds support the introduction of vaccine passports as a condition of entry for nightclubs, according to a new poll from YouGov.
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NewsLoungers sees revenue more than halve
Loungers saw its revenue fall more 52.9% for the 52 weeks ended 18 April 2021, to £78.3m, down from £166.5m the previous year.
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NewsRekom UK: ‘We have a new cluster strategy’
Rekom UK is looking to grow through a ‘cluster’ expansion strategy, chief executive Peter Marks has told MCA.
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NewsUKHospitality pushes for official changes to self-isolation policy
There is no imminent change to the guidance on self-isolation for hospitality staff despite the huge staff shortages being caused by the ‘pingdemic’, according to UKHospitality’s director of strategic affairs Tony Sophoclides.
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InterviewsWells & Co: ‘The future of the pub industry is really strong’
With more than 140 years of brewing beer and running pubs under its belt, fifth-generation family business Wells & Co has seen its fair share of tough economic times, but despite the impact of the pandemic, it is very hugely optimistic about the future of the great British pub.
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NewsPublic remain cautious about mass events
Half of consumers (50%) would feel uncomfortable going to a nightclub in the next few weeks, according to a new poll by YouGov.
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NewsNightclubs reopen as ‘freedom day’ dawns
Clubbers have returned to the bars and dancefloors of nightclubs as England reached its long-awaited ‘freedom day’ today (19 July).
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NewsHawksmoor considering IPO
Hawksmoor is considering launching an Initial Public Offering (IPO) on the London Stock Exchange as it looks to capitalise on growth opportunities post-Covid, The Times has reported.
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NewsStonegate files £845m lawsuit against insurers
Stonegate Group has filed a £845m lawsuit against its insurers: MS Amlin, Liberty Mutual Insurance Europe and Zurich, in the latest sector dispute over business interruption policies.
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NewsPM reluctant to impose food taxes
The Prime Minister has made clear his reluctance to impose a £3bn salt and sugar tax on salt sold for use in processed foods or in restaurants and catering businesses.