All news articles – Page 1560
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Pay-per-minute café opens
Ziferblat, the first UK branch of a Russian café chain, has opened in London’s Old Street, where everything is free inside except the time you spend there, which costs 3p a minute
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InnBrighton sets 2014 acquisitions target
InnBrighton, the Brighton-based multiple pub operator, hopes to secure between three and five more sites this year after acquiring its latest London outlet, chairman Gary Pettet has told M&C Report
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Morrison Bowman buys inn
Scottish distiller Morrison Bowmore has bought an inn on the island of Islay for an undisclosed sum
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Vimac Group in administration
Vimac Group, the Newcastle-based multi-site operator, has been placed in administration with Begbies Traynor, according to a notice published yesterday at Companies House
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FY EBITDA up 5% at Gusto and Blackhouse
Gusto and Blackhouse, the Living Ventures-owned restaurant brands, reported a 5% rise in EBITDA for the year to 31 March 2013 to £2.4m, as turnover climbed 7% to £27.3m
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NewsD&M turnover up 2.4%
Drake & Morgan has reported a 2.4% rise in turnover on a like-for-like basis to £4.1m for the three months to the end of June
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NewsChelsea’s oldest pub acquired for £3.9m
Parsons Green Land, the West London-based property development, has acquired Chelsea’s oldest pub, the Cross Keys, from its private owner for £3.9m
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NewsBe At One confirms Bristol opening
Be At One, the Piper-backed cocktail bar chain, has confirmed that it is to open its 21st site in Bristol on 26 February
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Cerberus to acquire further pub portfolio
Cerberus Capital Management is understood to be in advanced talks to acquire a 134-strong portfolio of pubs in a deal valued at £200m
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Just Falafel to enter North America
Just Falafel, the UAE-based falafel chain, has signed franchise agreements to open 160 restaurants in the US and Canada over the nest five years
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Osborne cautious on minimum wage hikes
Chancellor George Osborne has warned that any increase in the minimum wage “has to be done in a way that doesn’t cost jobs”
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Food & Fuel buys Ealing pub
Food & Fuel, the operator of London-based gastropubs and bars headed by former Spirit boss Karen Jones, has secured its 13th site and its second consecutive acquisition in Ealing
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H&W tenants 'happy with pub company'
Nine out of 10 tenants of Hall & Woodhouse said their partnership with the Dorset-based brewer and pub operator lived up to their expectations, a rise of 17 percentage points on last year, the company said
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NewsCollyer: Expects buoyant trading updates
A leading analyst has said that private company performances over the festive season underpin trading expectations for listed companies and that he is expecting a “collection of buoyant trading updates”
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NewsEQT plans SSP listing
EQT Partners, the private equity firm behind SSP, is accessing its options for the leading travel concessions operator, with the group tipped for a flotation on the London Stock Exchange toward the second half of this year
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NewsLabour to host Parliamentary debate on pubco code
Labour is to host a debate in Parliament on the proposed statutory code for pub companies on the afternoon of 21 January
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NatWest/RBS launch £250m storm fund
NatWest and RBS have launched a £250m UK Storm Business Fund to provide short term, interest free financing to speed recovery for businesses affected by recent floods and gales
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NewsGreggs could make 410 redundancies
Greggs says it could make 410 redundancies by decommissioning in-store bakeries and restructuring its management and support teams, which it says could save the company £6m per year from 2015
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Government 'under-estimates cost of pubco code'
Pubcos may have to transfer “considerably more” in profits to their tied tenants than the Government estimates - up to £20,000 per pub - under the proposed statutory code, according to the Association of Licensed Multiple Retailers
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NewsGovernment misses MPs' pubco code deadline
The Government has missed the deadline set by a committee of MPs to reveal its intentions towards intervening in the tenanted pub company model, M&C Report has learnt