All MCA Insight articles in November 2013 – Page 5
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News
Shaftesbury reports 'unprecedented' demand from F&B operators
Shaftesbury says there has been an “unprecedented demand” in its properties from for food and beverage operators, which now account for one third of its income
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News
Jack issues Hold for Punch after Q1 IMS
Leading analyst Douglas Jack has issued a Hold recommendation for Punch Taverns following its Q1 trading update this morning, saying he expects that the valuation gap to its peers should narrow on successful bond restructuring
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NewsPunch posts 1.4% rise in lfl core estate net income
Punch Taverns, the tenanted and leased pub operator, has reported a 1.4% rise in like-for-like net income in its core estate in the 12 weeks to 9 November, and maintained its view that it intends to announce restructuring proposals in December
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News
Fuller's bans e-cigs from pubs
Fuller’s has banned the use of e-cigarettes inside all its pubs, because the product causes “anxiety” among customers and staff
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NewsIntertain completes Lincoln refurb
Intertain has completed its latest refurbishment with a £400,000 investment at Walkabout in Lincoln
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NewsCollyer reiterates Buy for Greene King
Leading analyst Geof Collyer has reiterated his Buy recommendation for Greene King ahead of its half-year results next Tuesday (3 December), saying that the company remains his favourite in the sector
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NewsCameron vows to support ethnic restaurant sector
David Cameron has vowed to support upcoming young chefs in the UK’s ethnic restaurant sector, but the Prime Minister admitted that the difficulties importing skilled chefs from the Indian subcontinent will take some time to solve
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NewsM&B: Expansion, Crown Carvery, promos, analysts
M&C Report takes a closer look at the full-year results for Mitchells & Butlers (M&B) and reports from an analyst presentation featuring chief executive Alistair Darby and finance director Tim Jones
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News
Roka to expand London presence
Roka, Rainer Becker’s Japanese robatayaki restaurant format, will open two new London locations in 2014, with Roka Mayfair opening in February followed by Roka Aldwych in the summer
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NewsFY PBT doubles at Nando’s Group
Nando’s Group, the operator of the eponymous peri peri chicken chain and Gourmet Burger Kitchen (GBK), saw pre-tax profit more than double in the year to 24 February 2013, up from £14.7m to £33.4m, while turnover increased from £419.6m to £485.2m
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News
Alcohol promotions ban fails to reduce amount purchased
Banning multi-buy promotions for alcohol, implemented in Scotland in October 2011 as part of the Alcohol Act 2010, failed to reduce the amount of alcohol purchased, according to a new study
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News
M&B’s market review
Mitchells & Butlers (M&B) said that 2013 has not been an easy year for UK consumers and pointed out five key trends currently impacting the market: Food remains the primary long term route to sustainable growth in this sector, the market is large but fragmented, leisure spending has been protected, the importance of brands is increasing, significant economic disparities by region and by economic grouping.
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NewsGiraffe strengthens pipeline
Giraffe, the Tesco-owned chain, is set to open a further two sites before the end of the year, after opening its second site at one of the supermarket group’s Extra stores in Cheshunt
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Former McDonald’s CEO takes POD chair role
Andrew Taylor, the former chief executive of McDonald’s UK, has joined POD, the London-based, healthy fast food concept led by Tim Hall, as chairman, M&C Report understands
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NewsGiggling Squid builds pipeline
Giggling Squid, the fast-growing Thai restaurant chain, is in talks on a further 10 sites as it looks to operate an estate of 16 units by the end of March 2016
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News
M&B to take M&C north
Mitchells & Butlers (M&B) has lined up a further two sites for its steakhouse concept Miller & Carter (M&C) in Scotland and the north east, M&C Report understands
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OpinionSpirit of evolution
Chris Welham was faced with a “blank sheet of paper” when he took charge of Spirit Pub Company’s leased estate 18 months ago. With the decline in net income across the division now halted, Welham is busy evolving the estate, with new agreements and support packages aimed at leveraging the benefits of the group’s managed arm. John Harrington caught up with him
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News
Moorhouse's eyes disposals and investments
Moorhouse’s, the Lancashire brewer and pub operator, is looking to place a number of sites on the market at it prepares to make acquisitions, managing director David Grant has told M&C Report
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News
Italian seafood restaurant to make UK debut
Assunta Madre, the Rome-based seafood restaurant popular with celebrities, is to make its debut in the UK, after securing a site in London’s Mayfair, M&C Report understands
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News
Cosmo appoints UK head of operations
Cosmo, the Hertfordshire-based, pan-Asian restaurant operator, has appointed Thomas Pawlowski as its new UK head of operations, as it looks to ramp up openings over the next two years, M&C Report understands