Pubs, Bars & Clubs News – Page 348
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Heineken confirms £126m UK investment
Heineken has confirmed plans to spend a total of £126m in its UK business, including £50m on its Manchester brewery and £58m at its Hereford coder plant
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Publicans cool on statutory code plan
Readers of M&C Report’s sister title the Publican’s Morning Advertiser have called for the Government to go further in its plans to regulate the pubco/tenant relationship
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Bitters ’n Twisted FY lfls grow 3%
Bitters ‘n Twisted, the Midland-based pub and restaurant operator, has reported a 12% rise in turnover and growth of 3% in like-for-like sales up to £4.4m, for the year ending 31 August 2013
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NewsALMR rebrands
The Association of Multiple Licensed Retailers (ALMR) has launched a rebrand which it claims reflects a “modern, vibrant” sector
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Jack raises Fuller's TP after Stable acquisition
Leading analyst Douglas Jack has increased his Target Price for Fuller’s from 1,100p to 1,050p following its acquisition of a 51% stake in cider and pizza restaurant business The Stable
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NewsFuller's: coffee, Heathrow, acquisitions, statutory code
M&C Report takes a closer look at the full year results to 29 March for Fuller’s and speaks to chief executive Simon Emeny
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Bath Ales reports FY loss
Bath Ales, the brewer, pub and restaurant operator led by Robin Couling, has reported a pre-tax loss of £40,235 in the year to 31 August 2013, against a pre-tax profit of £241,374 in the previous year
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Rollo: Spirit sales expected to have slowed
A leading analyst has said that he expects trading at Spirit Pub Company to have slowed following a strong start to Q3
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G1 to open restaurant and brasserie-style bar
G1 Group, the Scottish pub operator led by Stefan King, is opening a restaurant and brasserie style bar in Perth
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Red Car Pubs adopts pre-order app
Red Car Pubs, the central London-based operator, is the latest group to sign up to the mobile ordering app Orderella
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Revere undertakes multi-million pound Waterloo investment
Revere, the Marston’s-owned premium operator, is to undertake a multi-million pound refurbishment project at its Fire Station venue in London’s Waterloo
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Ossett to open fifth Hop
Ossett Brewery, the Yorkshire brewer and pub operator, is to open a further site for its Hop concept in Saltaire, Bradford
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NewsAnalyst corner
Nick Batram at Peel Hunt looks to ahead to the Q3 update from Spirit Pub Company, which is due next Tuesday
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West Berks Brewery founders sell shares
Brewing and pub veteran David Bruce has ruled out operating pubs under the West Berkshire Brewery, which has just competed the sale of £1.2m of shares owned by its four founders, Bruce has told M&C Report
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Gastropub group eyes BBQ rollout
PS - the Pub Company, the Oxfordshire-based gastropub operator, is eyeing a rollout for its new American barbecue brand Blue’s Smokehouse and it hopes to secure its second site for the concept this autumn, company director Carlos Maidana has told M&C Report
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Pint Shop outlines expansion plans
Pint Shop, the fledgling Cambridge-based casual dining operator, is targeting plans to open another six or seven outlets after the success of its first site, co-owner Richard Holmes has told M&C Report
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NewsSheps shareholders approve restructure
Shepherd Neame shareholders have voted to approve the brewer’s restructure plans, despite legal threats from within the family
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Jack upgrades Fuller's after 'outperformance'
Leading analyst Douglas Jack has upgraded his forecast for Fuller’s by 2.5% following its “outperformance” at the group’s full-year results this morning
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NewsFuller's FY adjusted PBT grows 10%
Fuller’sFuller’s, the London-based brewer and pub operator, has reported a 10% rise in adjusted pre-tax profits to £34.1m in the year to 29 March, driven by its managed estate, which saw like-for-like growth of an “industry leading” 8.3%
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Punch completes 250th investment this FY
Punch Taverns has completed its 250th pub investment since the start of its current financial year last September