All news articles – Page 1631
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News
M&B Q4 lfls down 1%
Mitchells & Butlers (M&B) has this morning announced a 1% decline in like-for-like sales for the nine weeks to 21 September, but said that it expected to deliver a full-year result in line with expectations
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Sheps: tenanted support, managed priorities, disposals, acquisitions
M&C Report takes a closer look at the full-year results for Shepherd Neame and talks to chief executive Jonathan Neame
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Punch: core division, disposals, food mix
M&C Report takes a closer look at the full-year update from Punch Taverns, including investment, disposals, 2014 guidance, restructuring, tenant support, driving food sales growth and analyst reaction
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Comptoir Libanais expands to Bluewater
Comptoir Libanais, the Lebanese-inspired canteen and delicatessen created by Tony Kitous, which is understood to be attracting interest from the Business Growth Fund (BGF), is to open its first restaurant outside London at Bluewater
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F&B lifts Network Rail retail lfls
Dining brands performed the strongest of all retail sectors at Network Rail-operated stations in the three months to the end of June, as Network Rail posted its best retail results for four years, aided by investments at key locations and favourable weather
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Grillshack team to launch Jackson + Rye
The team behind Grillshack, the new fast-casual concept backed by Richard Caring, which opened in London’s Soho earlier this month, has confirmed that it is set to open a new restaurant and cocktail bar called Jackson + Rye in Wardour Street this December
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Tax Parity Day takes place today
Up to 15,000 outlets are expected to take part in today’s national day of action as part of the campaign to reduce VAT for the sector to 5%
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Collyer: Darby's M&B honeymoon 'over'
The market will be looking for concrete developments and targets from Mitchells & Butlers (M&B) to justify its rising share price, with the honeymoon period for chief executive Alistair Darby now over, leading analyst Geof Collyer has argued
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Pubco giants shed one in three pubs
Enterprise Inns and Punch Taverns collectively disposed of one third of their pubs - more than 5,000 outlets - between 2008 and 2012, according to figures from the Fair Deal for Your Local campaign
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Greene King launches staff training apps
Greene King, the brewer and pub operator, is to train staff at its Hungry Horse brand via apps for smartphones and tablets in what it calls the “next generation of learning”
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FRG sells Mayfair’s Running Horse
The First Restaurant Group (FRG), which is currently in advanced discussions with private equity groups regarding new investment, has sold the Running Horse, one of the oldest pubs in London’s Mayfair, to a new venture led by James Chase and Dominic Jacobs, M&C Report understands
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CGR set for next stage of growth
CG Restaurants & Bars (CG), the operator of the Dirty Martini brand, has completed its consolidation programme to enable the group to push forward with its planned 12-site acquisition phase
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Poncho8 appoints operations director
Poncho8, the London-based, fast-growing burrito concept, has appointed Wen Weng as its new operations director, as it looks to grow from five to 15 sites next year, M&C Report understands
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CCE FY turnover grows 1.7%
Coca Cola Enterprises (CCE), the UK arm of the soft drinks giant, has reported a 0.9% rise in pre-tax profits to £258.7m in the year to 31 December 2012 on turnover up 1.7% to £1.8bn
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Licence secured for Waterloo Tap
Bloomsbury Leisure, the pub and leisure venue operator led by Jonathan Dalton, has secured a licence for its latest beer-focused tap pub concept at London’s Waterloo station
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Hard Rock: UK not a focus for expansion
Hard Rock International, operator of the Hard Rock Cafe brand, has no plans to expand further in the UK after its next opening in Glasgow in November despite having “active targets” across Europe, M&C Report has learnt
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PASS cards 'should be simplified'
A senior policeman has called for Proof of Age Standards Scheme (PASS) cards, which are used for checking the age of customers, to be simplified
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Punch FY in line; restructuring to start in final quarter
Punch Taverns has this morning reported that its performance for the 52 weeks to 17 August 2013 was in line with guidance, with like-for-like sales in its core estate up 0.4% in the fourth quarter and considers that a consensual restructuring of its business can be launched in the final three months of this year
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Shepherd Neame FY managed lfls grow 3.3%
Shepherd Neame, the Kent brewer and pub operator, has reported a 3.3% rise in like-for-like sales at its managed sites in the 52 weeks to 29 June and a “robust” performance of its tenanted estate, where like-for-like EBITDA fell 1%
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Lavazza Espression master franchisee folds
Catalyst Retail, the troubled UK master franchisee of Lavazza Espression, the cafe concept from Italian coffee brand Lavazza, has gone into liquidation, M&C Reporthas learnt