All news articles – Page 1540
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Downing Pub EIS raises almost £12m
The pub-focused Enterprise Investment Scheme (EIS) fund from Downing LLP has raised almost £12m of its £15m target to date, and has so far invested in 10 pubs across three different companies, M&C Report has learnt
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NewsPunch bondholders eye alternative restructure plan
Alternative debt restructure proposals for Punch Taverns are being drawn up by representatives of the pub group’s bondholders, according to The Telegraph
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Provenance plans double opening
Provenance Inns, the food-led operator led by Michael Ibbotson, will open two new sites in the next six months, to take its estate in Yorkshire to seven.
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Barber eyes Hush expansion
Jamie Barber, the restaurateur behind the Cabana chain, plans to add two further sites under his Hush restaurant concept this year in London
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Amber expansion continues
Amber Taverns, the operator of wet-led community pubs, has continued its expansion with the acquisition of a Leicestershire pub and the opening of a site in Derbyshire, M&C Report has learnt
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NewsLeeds next for Luminar's Pryzm format
Luminar is to invest £1.3m converting Oceana in Leeds into its first Pryzm format in the north. It’s also closing Lava & Ignite in Burnley due to reduced footfall in the town
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Tally Ho on expansion trail
Tally Ho Holdings, the operator of three food-led pubs run by the daughter of broadcaster Sir Terry Wogan and her husband, is on the hunt for its fourth venue after seeing an uplift in sales over the past 13 months
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Livelyhood buys Wimbledon freehold
Livelyhood, the London-based pub and restaurant group, has bought the freehold of its Old Frizzle pub in Wimbledon for c£2m, M&C Report has learnt
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SSP to introduce new concept to Newcastle Airport
SSP UK, the travel concessions operator, is set to introduce a new restaurant concept to Newcastle Airport called Flying Hippo
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Darwin & Wallace eyes further expansion
Fledgling bar and restaurant group Darwin & Wallace has completed the second in a planned series of acquisitions with the purchase of The Frog in Clapham, and has a third in the pipeline, M&C Report has learnt
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Compass: Starting to see signs of stabilisation
Compass has said that whilst economic conditions in Europe continue to be difficult and overall organic revenue in its first quarter remained negative across the region, it is starting to see some signs of stabilisation
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NewsEnterprise names Fowle as non-exec; 'encouraging' trends in estate
Enterprise Inns has announced the appointment of former Mitchells & Butlers CEO Adam Fowle as a non-executive director, as it reports “encouraging” trading in the first 18 weeks of its financial year, with like-for-like net income across the whole estate for the year to date up 1% on the prior year
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Three wine firms join VAT Club
Three wine companies have joined the campaign group led by Jacques Borel to reduce VAT to the sector to 5%
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Inventive updates website for smartphones and tablets
Inventive Leisure, the Revolution bar operator, has relaunched its website to make it easy to navigate using smartphones and tablets after research showed most users were accessing it via their mobiles
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Darwin & Wallace secures Clapham pub
Imbiba Partnership, the investment vehicle led by John Connell, has secured second site for its fledgling Darwin & Wallace (D&W) format in Clapham
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NewsRevere to up expansion plans
Revere Pub Company, Marston’s premium pub arm, is in negotiations on a couple of high street sites as it looks to add to its 18-strong Pitcher & Piano estate and unbranded portfolio this year
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NewsWarning on new pub closure powers
Leading licensing lawyers have warned that new legislation tightening closure powers on the licensed trade could be “enormously damaging”, leading to increased police intervention and loss of trade
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NewsKennedy takes 12 ex-Bramwell sites
Pub entrepreneur Ted Kennedy has been appointed to manage 12 former Bramwell Pub Company sites on behalf of the landlord, M&C Report has learnt
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London’s top 10 investment hotspots for 2014
As London’s house prices continue to increase, a report by CBRE identifies those investment hotspots which offer the most potential for growth over the next few years
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NewsAngelBerry raises £150k for expansion
AngelBerry, the Bristol-based frozen yoghurt operator, has reached its £150,000 fundraising target for an ”aggressive” expansion drive over the next three years that would see it grow from six to c100 outlets globally