Pubs, Bars & Clubs News – Page 338
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News
Pub and restaurant freeholds sold at auction
Several freehold properties let to major pub and restaurant operators were sold at an Allsops auction on Tuesday
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NewsInnBrighton FY EBITDA grows 4.5%
InnBrighton, the multiple pub operator that was this month renamed Laine Pub Company after receiving an investment from Risk Capital Partners, has reported a 4.5% rise in EBITDA to £3.2m in the year to 30 June 2013
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NewsHolts names new chair as PBT falls
Joseph Holt, the Manchester-based brewer and pub operator, saw its pre-tax profit fall to £2.8m from £3.5m in the year to 31 December 2013 and announced that chairman David Tully is to step down
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BCI sale 'likely'
A sale of the 19-strong British Country Inns (BCI) estate is the most likely outcome for the business, executive director Tim Udell has told M&C Report
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NewsAnalysts reiterate JDW margin concerns
Leading analysts have held their recommendations for JD Wetherspoon following its quarterly results yesterday, with concerns about its margins again highlighted
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Ellis & Rimmer raise £4m for new venture
Roy Ellis and Neil Macleod, the founders of Inventive Leisure, have secured £4m of funding to aid the development and initial roll out of their new venture the Flying Pig & Lobster
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NewsBBPA to make case for duty and red tape cuts
The British Beer & Pub Association is to push for further duty reductions on beer and cuts in red tape in the run-up to next May’s general election
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News
VOA: some agents to blame for pub rates appeal delays
The Valuation Office Agency has responded to criticism from Star Pubs & Bars, which has claimed the appeal cases for some of its pubs have taken four years to settle
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NewsMarston's launches BBQ concept for pubs
Marston’s, the brewer and pub operator, is to launch a new pop-up style fast-casual barbecue concept at its pubs called the Garden Grill Company, put together by the team that created the design for Red’s True Barbecue
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NewsMartin: Jamie Oliver is causing rents to rise
JD Wetherspoon chairman Tim Martin has told M&C Report that the willingness of Jamie’s Italian, the restaurant group founded by high-profile chef Jamie Oliver, to accept high rent costs is causing rents for other operators to rise
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NewsGreene King to open first station pub
Greene King is to invest a seven-figure sum launching its first station pub at London’s Euston station
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Busan BBQ pops up at Old Bengal Bar
Busan BBQ, the American-Korean street food van, has secured a pop-up site at Old Bengal Bar for a series of summer BBQ evenings throughout August
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Manchester ‘co-operative’ takes fifth pub
Jonny Booth, the pub entrepreneur who runs venues as part of a co-operative in Manchester, is opening his fifth pub, the Baker’s Vault, on lease from Robinsons Brewery in the Stockport area of Manchester
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JDW adds to expanding hotel brand
JD Wetherspoon has acquired Brown’s Hotel in Tavistock, Devon for part of its growing hotel group
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Chelmsford operators criticise 'farcical' late-night levy claims
Chelmsford operators have hit out at the “underhand” and “farcical” use of figures by the local council and police during its late-night levy consultation
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Losses widen at BCI but trade finally recovers
British Country Inns (BCI), the freehold pub operator, saw losses widen across its four Enterprise Investment Scheme (EIS) companies in the year to 1 February 2014 mainly due to “heavy impairment and depreciation charges” after an estate review
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News
Heineken places pub package on the market
Heineken has placed a package of 111 sites from its leased pub business Star Pubs & Bars vehicle on the market
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NewsFitch upgrades outlook for Marston's
The revised outlook reflects “the on-going strong performance of the managed pub division” and ”gradual improvement in both tenanted estate quality and operating performance”, in addition to ”prepayment-led deleveraging”
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NewsYoung's lfls accelerate over summer
Young’s, the London-based pub operator, saw like-for-like sales accelerate slightly over the latter part of its most recent 13-week trading period, chief executive Stephen Goodyear has told M&C Report
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NewsHolts on expansion trail
Joseph Holt, the Manchester-based brewer and pub operator, is adding seven pubs to its estate and investing in major refurbishments of other sites over the next five years as part of its joint venture Touchwood Restaurants