Pubs, Bars & Clubs News – Page 130
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Hippo Inns secures 11th pub
Hippo Inns has secured its 11th site – the Blue Anchor in Hammersmith, MCA understands.
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NewsGrowth in family pub visits
Adult visits to the pub declined slightly over the last year while family visits were on the rise – reversing the recent trend.
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NewsEiG FY lfl income up 2.3%
Ei Group has reported like-for-like net income up 2.3% in its tenanted and leased estate for the year to 30 September, with average net income per pub up 5% to £79,600.
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NewsCity Pub Group raises expectations for float
City Pub Group has raised expectations of how much its expects to raise through this week’s float on AIM.
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NewsB&K raises £7m for further growth
Brewhouse & Kitchen has begun another round of fundraising, with £7m committed so far, MCA understands.
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NewsJDW to rollout self-serve coffee machines
JD Wetherspoon is to roll self-serve coffee machines out across its estate.
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NewsDeliveroo begins targeting wet-led pubs
Deliveroo has started working with pubs and bars which don’t serve their own food, so customers no longer need to go elsewhere for a meal
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Jack: Market has overplayed M&B Q4 slowdown
Douglas Jack at Peel Hunt believes the market has over-played the slowdown in Mitchells & Butlers like-for-like sales in Q4
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Star announces annual awards
Hickory’s, Wickwar and Blind Tiger Inns were among the winners at Star Pubs & Bars annual awards last night.
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B&K secures permission for former JDW site
Brewhouse & Kitchen has secured planning permission to convert a JD Wetherspoon’s site in Milton Keynes.
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Thwaites eyes further growth in accommodation
Thwaites chief executive Rick Bailey has told MCA that its hotels division will be a key focus of its growth strategy.
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Hop Stuff secures third taproom site
Hop Stuff Brewery is to open its third taproom, and its first outside London, in Ashford, Kent.
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NewsYoung’s ‘could spend £100m on group deal’
Young’s chief executive Patrick Dardis has told MCA it’s “probably about time” the company made a group acquisition and said it has the firepower to spend £100m plus on a deal.
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NWTC confirms Coventry Botanist launch for 2019
New World Trading Company (NWTC) has confirmed it is to open a Botanist in Coventry in February 2019.
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Sophie's Steakhouse team to launch Soho speakeasy
The founders of Sophie’s Steakhouse, Rupert Power and Sophie Bathgate, will launch Jack Solomons Club, a speakeasy-style bar at there Soho site in December
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NewsYoung’s H1 managed lfls up 4.6%
Young’s has reported managed house like-for-like sales up 4.6% in the six months to 2 October, with revenue up 6.8%.
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Spend on nights out up 9%
Average spend on a night out has risen 9% over the past year to £61.58.
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Deltic looking at acquisitions to build Bar & Beyond
The Deltic Group is assessing the future rollout potential of its currently five-strong Bar & Beyond concept with plans to acquire new sites in large towns, MCA understands.
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Analyst corner: Jack on Ei Group
Leading sector analyst Douglas Jack at Peel Hunt says he expects the Ei Group to have posted its 15th consecutive quarter of positive LFL net income in Q3
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West Brewery blames business rates for site closure
Scottish brewer and restaurant operator West has closed one of its Glasgow sites, blaming a rise in business rates.