All news articles – Page 1574
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News
Domino’s makes non-exec changes
Domino’s Pizza Group has announced changes to the roles of three of its non-executive directors and to the membership of some of the Committees of the Board
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Odeon to anchor Bournemouth scheme
A number of leading operators are set to open in Bournemouth after cinema group Odeon agreed to anchor the £50m West Central scheme in the town
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HK Taverns administrator to probe interest rate swap link
The administrator of HK Taverns is investigating whether the 50-strong pub operator, which collapsed in May, was a victim of controversial bank interest rate swaps and could be eligible for compensation
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FY PBT up at Zerodegrees
Zerodegrees, the microbrewery, pub and restaurant operator, has reported an increase in full-year pre-tax profit despite a slight decline in turnover
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Large pubcos differ on reform proposals
More large pub companies agree than disagree with the principle that a tied tenant should be no worse off than their free-of-tie counterparts, according to the results of a Government survey into plans to legislate in the pubco model
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NewsAnalyst corner
A trio of leading analysts - Jamie Rollo at Morgan Stanley, Wyn Ellis at Numis and Karl Burns at Panmure Gordon - take a closer look at the Costa investor day
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NewsRollo: Solid Q1 expected from Spirit
A leading analyst has said he expects solid Q1 Managed LfLs from Spirit Pub Company given it reported a 4% increase for the first eight weeks and Christmas sits midweek
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News
Government decision on pubco reform delayed
Business minister Jo Swinson has admitted that the Government’s decision on the introduction of a statutory code in the pubco/tenant relationship will be delayed
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NewsPubco reforms 'could close 1,600 pubs'
Plans to legislate in the pubco/tenant relationship could close up to 1,600 pubs, according to a report prepared for the Government. The report from London Economics says the UK probably has c6,000 too many pubs and a “sustainable number” would be about 45,000
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NewsBBPA: Compelling case for freeze of beer duty in 2014
Benet Slay, chief executive of Carlsberg UK and British Beer and Pub Association (BBPA) board member, has told The All-Party Parliamentary Beer Group (APPBG) that there is a “compelling case” for a further freeze on beer duty in 2014
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News
Doubts raised over future of Inc Group
Doubts have been raised over the future of Inc Group, the Greenwich-based operator led by Frank Dowling, after subsidiary company as placed into administration
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NewsFive Guys closes in on Kingston site
Five Guys, the popular US burger chain, is understood to be close to adding the former Tony Roma’s site in Kingston to its UK estate
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NewsD&M confirms The Fable details
Drake & Morgan, the highly-regarded, bar-restaurant operator, has confirmed that its seventh site, The Fable, will open next February at Sixty Lonon in Holborn, and said that it has ”many more exciting openings in the pipeline”.
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NewsBurger proliferation on UK menus grows
The number of burgers on offer at UK concepts rose 9.7% from the third quarter of 2012 to the third quarter of 2013, according to the latest research from insights firm Technomic
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NewsCosta plans Espresso format rollout
Costa is planning to open further sites under its new takeaway store concept Espresso after the success of a pilot site near St James’s Park tube station in London
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NewsBramwell owed trade creditors £9.1m at collapse
Bramwell Pub Company collapsed owing £23.3m to creditors, with trade creditors owed a total of £9.1m, according to a new report from its administrator Zolfo Cooper
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News
Operators must embrace new technologies
Pub and restaurant operators must embrace new technologies in order to be successful in 2014 and beyond as the pace of change in the sector is going to accelerate even further, according to Will Hawkley, director in KPMG’s Leisure Advisory Group.
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BHS appoints food service director
BHS, the high street retailer, has appointed Paolo Peretti as its new food service director as it looks to ramp up its brand development across its restaurants, coffee lounges and cafes
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Greggs go green
Greggs, the high street bakery chain led by Roger Whiteside, has installed solar panels at 10 sites across the UK in a bid to cut CO2 emissions
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News
Spur opens in Leicester
Spur Steak & Grill, the South African steakhouse brand, has opened its latest site in the UK in Leicester