Pubs, Bars & Clubs News – Page 303
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NewsM&B: Harvester, breakfasts, Castle, property and value
M&C Report takes a closer looks at today’s full-year update from Mitchells & Butlers (M&B) and talks to chief executive Alistair Darby
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NewsLuminar managers join street pastors on patrol
Luminar, the UK’s largest late-night operator, is encouraging its managers to go out on patrol with their local Street Pastors team
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Bel & The Dragon appoints new ops director
Longshot has appointed Hector Ross as the new operations director for its growing Bel & The Dragon vehicle
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NewsNew Moon at odds with rest of sector
The New Moon Pub Company claims it is at odds with the rest of the pub sector – heading for town and city centres, just as everyone else is leaving
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Northerners spend 10% less on a night out
Northerners can expect to pay around 10% less on a night out with friends than southerners, according to new research
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NewsCity Pub Co team to launch new £100m fund
The team behind Capital Pub Company and City Pub Company is launching a new EIS fund, The City Pub EIS Fund, with the aim of investing £100m over the next three years in managed pubs
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Laine Pub Co to open new Brighton pub in early 2015
The delayed conversion of the former Life nightclub site on Brighton seafront into a pub is due to be completed early next year, Laine Pub Company chief executive Gavin George has told M&C Report.
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NewsETI hopes new Kerridge pub will be inspirational
Enterprise Inns’ regional manager for Tom Kerridge’s new pub says he hopes the Coach’s format will inspire others in the trade and newcomers into the industry
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McMullen and tenants invest £275k in pub revamp
McMullen has completed a £275,000 renovation of the former Ram pub in Hertford, including opening five boutique rooms above the pub.
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NewsEclectic slashes growth plans after poor Q2
Eclectic, the listed bar group, is cutting its growth aspirations for the current year after a “difficult” second quarter.
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NewsM&B FY lfls up 0.6%
Mitchells & Butlers (M&B) has this morning reported a 0.6% increase in like-for-like sales for the 52 weeks to 27 September 2014, while total revenue climbed 4% to £1.97bn
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NewsFY EBITDA up 3.8% at Admiral
Admiral Taverns, the tenanted pub operator, has reported a 3.8% increase in underlying EBITDA to £21.5m for the year to 31 May 2014
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Enterprise reveals managed estate details
Enterprise Inns has revealed the locations of its 10 initial managed sites, which includes at least two “semi-managed” pubs
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NewsCozy Pubs eyes further growth
Cozy Pubs is looking to add further sites to its four-strong estate, after reporting a 4% rise in like-for-like sales to the half year
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NewsFuller’s: trading, complimentary businesses, coffee
M&C Report talks to Fuller’s chief executive Simon Emeny about the trading environment, training, coffee, complimentary businesses and the pub code
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NewsDraft House seeks FD
Draft House, the London-based craft beer bar concept, is seeking a new finance director to aid the business with its next stage of growth
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Demand for low-cost beds driving hostel sector
The demand for low-cost beds has caused rapid expansion in the hostel and limited accommodation sector both in the UK and internationally as their adaptability and cost effectiveness appeal to customers
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Analyst corner: Brumby on Punch Taverns part two
Mark Brumby at Langton Capital gives a further take on what Punch could do next, suggesting it could swap chunks of its estate at book value with regional operators for shares
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Heartstone confirms double deal
Heartstone Inns has taken its estate to 11 sites, with the confirmation it has acquired two further sites
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NewsYoung’s: Food mix, expansion, investment opportunities
M&C Report talks to Stephen Goodyear and Peter Whitehead, chief executive and finance director of Young’s about the group’s trading performance, food mix, expansion and investment opportunities, plus new “on the go” site The Curious Pig