All MCA Insight articles in October 2013 – Page 20
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NewsTenants sought for 20 Punch pubs in Scotland
Property consultants Colliers International and Ryden have been jointly instructed to find tenants for the sites
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NewsYum! Q3 UK sales rise 1%; cuts growth estimates
Yum! Brands has reported a 1% rise in UK system sales in the three months to 7 September, although “weak results” in Pizza Hut UK and across Japan were cited as the reason for a 1% decline in same-store sales in international developed markets
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NewsGreggs lfl decline narrows
Greggs, the bakery chain, has reported a narrowing of its like-for-like sales decline in the 13 weeks to 28 September and said the “re-shaping” of its estate is ahead of plan so it expects no increase in net shop numbers
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News
Vianet results suffer as pub industry waits for statutory code ruling
Uncertainty surrounding the Government’s proposed Statutory Code for pub companies is casting a shadow over beer flow monitoring firm Vianet, the company reported in a trading update today - warning that full-year profits will be down circa 10%
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Analysis & Insight
Good restaurants lift West End house prices
A good provision of quality restaurants can enhance residential property values in London’s West End by as much as 15-20%, while takeaways can have the opposite effect, according to new research from London estate agent Wetherell
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NewsGiraffe plans Abu Dhabi site
Giraffe, the Tesco-owned restaurant chain, has lined up its second international site in Abu Dhabi, M&C Report understands
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News
WaverleyTBS to be placed in Creditors' Voluntary Liquidation
The administrator of WaverleyTBS has confirmed that the drinks wholesaler, which collapsed one year ago, is to be placed into Creditors’ Voluntary Liquidation
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News
Arc Inspirations sets out growth plans
Arc Inspirations, the 10-strong Yorkshire bar operator, hopes to add five or six sites over the next five years and will focus on its Pit and Banyon brands, managing director Martin Wolstencroft has told M&C Report
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News
Mezze adds computers to tables for instant feedback
Mezze, the West Country restaurant chain, has introduced tablet computers to tables that allow customers to give real-time feedback as they pay their bills
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NewsKFC to open first motorway Drive Thru
The first KFC Drive-Thru at a motorway services is due to open at Welcome Break’s Cardiff Gate before the end of November
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News
Bleeding Heart founders launch less formal bar/bistro
Robyn and Robert Wilson, founders of London’s Bleeding Heart and The Don restaurants, are to launch their latest venture, a less formal bar and bistro called the Sign of the Don, on 3 November
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News
Everards eyes farm shops in pubs
Everards, the Leicestershire brewer and pub operator, is to open a farm shop at a tenanted pub which could act as a template for further developments at its rural pubs
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OpinionSpirit enters the premium league
Spirit Pub Company last month launched its second Premium Pub site with the conversion of a former Chef & Brewer in Kew, south-west London, which re-opened as the Cricketers. John Harrington spoke to Martin Braisby, brand director of the Premium Pub concept, and the Cricketers’ general manager Paolo Corgiolu, about Spirit’s move into a more premium territory
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News
Cineworld agrees to sell two Picturehouses
Cineworld “reluctantly intends” to sell its Picturehouse sites in both Aberdeen and Bury St Edmunds after the Competition Commission confirmed its earlier view that the company must sell one of its cinemas in each of three parts of the country
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News
Losses widen for Fire & Stone operator
CG Restaurants and Bars, operator of the Dirty Martini and Fire & Stone brands, saw losses widen from £396,000 in 2011 to £1.6m in 2012 despite seeing turnover grow 45% to £12.6m
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NewsMarston’s to accelerate new builds after strong second half results
Marston’s is accelerating its new-build programme after reporting an “encouraging” performance in the second half of its financial year, helped by good weather and strong sales in its Destination and Premium pubs
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NewsTurner to chair Novus, Cullum takes CEO role
Graham Turner, the former chief executive of Tragus, has been appointed executive chairman of Novus, the LGV Capital and Huttons Collins-backed premium bar and restaurant group, as it gears up for its next stage of growth
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News
Tirage confirmed for final Chez Gérard site
The identity of the new restaurant that’s moving into the remaining Chez Gérard site in London’s Bishopsgate, revealed by M&C Report last week, has been confirmed
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News
Tourism bodies announce united lobbying effort
Thirty-three UK tourism bodies, including including the British Hospitality Association, have joined forces to lobby political leaders ahead of the next general election
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NewsSpirit wins training awards
Spirit Pub Company has picked up two awards for its Training Tree learning and development programme. The Best HR Campaign Award and the Gold Award for Best Overall Campaign were presented by the Institute of Internal Communications