All MCA Insight articles in January 2014 – Page 3
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NewsRobinsons to make managed move
Cheshire brewer and pub operator Frederick Robinson is planning to develop a managed estate by converting its tenanted pubs with million pound turnover potential into managed sites, M&C Report has learn
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Minister issues alcohol price warning
A Government minister has indicated that the Coalition could go further than its planned ban on “below-cost” alcohol sales depending on industry actions to reduce alcohol-related harms
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The Clink appoints ops director
The Clink, the charity that operates restaurants staffed by prison inmates to help with their rehabilitation, has appointed Jane Sanderson as operations director as it prepares to open its third site in Brixton, south London, M&C Report has learnt
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NewsDiageo GB returns to growth
Diageo Great Britain returned to growth in the six months to 31 December, reporting a net sales increase of 1%, with volume and value share growth for Guinness, Pimm’s net sales nearly trebling and “signs of improved momentum” for Smirnoff
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NewsStarbucks reshuffles senior team
Starbucks has reported a reshuffle of its senior management team that will see chief executive Howard Schultz expand his focus to “innovation and next generation retailing and payments Initiatives”.
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NewsCastle Rock eyes more world beer conversions
Castle Rock, the Nottinghamshire-based brewer and pub operator, has earmarked two more pubs for its Discover World Beers concept after seeing like-for-like sales at the first venue to have the format grow 25% year-on-year, M&C Report has learnt
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New diner and motel concept to launch
Chariots and Cherry Pie, a new diner, motel and car valet concept, is looking to launch in the UK this year, ahead of a rollout across the country
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Vital Ingredient grows pipeline
Vital Ingredient, the London-based tossed salad-to-go concept, has lined up a further three openings in the capital
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NewsMinister: sugary drinks tax 'a blunt instrument'
A Government minister has given further indication that the Coalition is unlikely to introduce a tax on sugary drinks, describing such a move as a “blunt instrument” for dealing with obesity
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Spaghetti House reports improved performance
Spaghetti House, the London-based, family-owned chain, has said that it has seen a further improvement in performance in the year to date and that its 12-strong estate was currently trading “very well”
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San Carlo secures Covent Garden site
San Carlo, the family-run Italian restaurant chain, is to open a further site in London after securing the PJ’s Bar & Grill site in Covent Garden
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Tim Hortons to evaluate UK opportunities
Tim Hortons, the Canadian coffee giant that operates more than 4,000 outlets worldwide, has confirmed to M&C Report that the UK is a market that it will evaluate for a possible future launch
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McCartan & Leonard eyes five-strong estate
Licensees Dominic McCartan and Tony Leonard have said that they could eventually grow an estate of five pubs across Sussex, after taking on their second pub, the Roebuck Inn in East Sussex
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NewsDiageo Western Europe decline slows
Diageo has reported a slowing of net sales decline in Western Europe in the six months to 31 December, which it said helped to absorb some of the challenges in emerging markets
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Restrictive covenants 'rarely used' in pub sales
Pub property agents have defended the practices of large pub companies and claimed that restrictive covenants are rarely used, after the Local Government Association (LGA) last week called for a ban on the measure, which forces pubs to change use after sale
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Costa to rollout “youngsters into work initiative”
Costa Coffee is to expand a successful partnership with the Prince’s Trust in Bristol that helps youngsters into work across the UK over the next year
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Jack holds forecast for Fuller's
Leading analyst Douglas Jack has reiterated his Add recommendation for Fuller’s following its trading update this morning that saw like-for-likes in its managed arm grow 7.2% in the 10 weeks to 25 January
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Fuller's managed lfls grow 7.2%
Fuller’s, the London-based brewer and pub operator, has reported a 7.2% rise in like-for-like sales in its managed division in the 10 weeks to 25 January and said the good results has caused it to bring forward additional projects this financial year
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NewsLfls up 2% at M&B
Mitchells & Butlers (M&B) has reported a 2% rise in like-for-like sales in the 17 weeks to 25 January, helped by a 2.6% rise in sales across the three-week festive period to 4 January and milder weather compared to last year
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OpinionPunching to a standstill
Mark Brumby at Langton Capital takes a look at the latest on Punch Taverns’ attempts to push through its proposals regarding its debt restructure, the response from bondholders and asks, amongst other questions, whose court is the ball in now?