Pubs, Bars & Clubs News – Page 355
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NewsSt Austell FY EBITDA grows 7.4%
St Austell, the Cornish brewer and pub operator, has reported a 7.4% rise in EBITDA to £13.8m in the year to 28 December on turnover up 10% to £116.6m, with growth recorded in every division
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McGinty to step down from Enterprise
Mark McGinty is to step down as a division director at Enterprise Inns and is thought that he could join new vehicle Hawthorn Leisure.
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NewsJack: Marston's 'well placed to drive growth'
Leading analyst Douglas Jack at Numis has reiterated his Buy recommendation for Marston’s following its H1 results this morning, saying that the company has “strong underlying trends” and that it’s “well placed to drive growth”
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CAMRA delivers pubco reform petition
The Campaign for Real Ale (CAMRA) has mounted renewed pressure on the Government for pubco reform by delivering a petition to business secretary Vince Cable today
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Elysium Group secures London site
Elysium Group, the Essex-based restaurant and bar operator, has acquired its first London site
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Visit England names its top pubs and restaurants
Visit England has named The Feathered Nest Country Inn in the Cotswolds as its tourism pub of the year and the 1884 Dock Street Kitchen as part of its annual excellence awards that showcase businesses that have made a commitment to boosting tourism
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NewsMarston's H1 PBT grows 9.4%
Marston’s, the brewer and pub operator, has reported a 9.4% rise in underlying profit before tax to £29m in what it called a “strong” half year (26 weeks to 5 April)
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St Austell Brewery buys hotel
St Austell Brewery, the Cornish brewer and pub operator, has bought a seaside hotel in Cornwall off an asking price of £1.5m
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NewsSpirit opens 100th Flaming Grill
Spirit Pub Company has reached the milestone of its 100th Flaming Grill site with a £96,000 investment to transform the Nags Head in Mickleover, Derby
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NewsM&B launches website ‘Escape to the Pub’
Mitchells & Butlers (M&B) is to launch a new website ‘Escape to the Pub’ to highlight the strength of the country pub sector and its relevant brands
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NewsPunch restructuring talks to continue
Talks regarding the restructuring of Punch Taverns are to continue after the company’s remaining bondholders voted in favour of waiving covenants that would otherwise have placed the company in default
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LCC to launch new craft concept
London Cocktail Club, the concept backed by Raymond Blanc, is to launch a new drinks concept later this month called The Craft Cocktail Co in Bethnal Green
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Golden Age pub venture launched
Golden Age, a new pub venture, is set to open its second site in the space of five months, with the relaunch of The Prince in Stoke Newington this summer
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NewsEnterprise Inns: Managed move, Beacon update, disposals, trading formats
M&C Report takes a closer look at this morning’s update from Enterprise Inns and talks to chief executive Simon Townsend and finance director Neil Smith about the group’s move into the managed arena, the promising progress of Project Beacon, innovation across its agreements, its disposal plan and investments
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Leisure complex opening at Liverpool’s historic docks
The Titanic Hotel in Liverpool is opening in June on the site of the North Warehouse in the docklands following a £36m transformation that will include the Rum Warehouse events and exhibition centre
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BII Licensee of the Year named
BII Licensee of the Year was awarded to Lee Price of The Royal Pier in Aberysthwyth, Wales, at the British Institute of Innkeeping annual lunch yesterday
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Enterprise and Brakes partnership to put food first
Pub operator Enterprise Inns has entered a partnership with Brakes to launch Food Club to provide support for publicans by helping them to ensure they have the best menu for their customers, while providing deals, discounts and promotions to members
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Collyer upbeat on Enterprise
Leading analyst Geof Collyer has said he’s “very confident” of his full-year forecast for Enterprise Inns following its H1 results this morning, with the possibility that the company could report EPS growth for 2014
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Bitters ‘n’ Twisted expands Bodega concept
Bitters ‘n’ Twisted, the Birmingham-based multiple operator of restaurants and pubs, is opening a second Bodega restaurant which will be its first venue away from Birmingham
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NWTC closes in on first London site
The New World Trading Company (NWTC) is understood to have taken a step closer to securing its first London site, which will operate under the name The Trading House