Pubs, Bars & Clubs News – Page 359
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News
Energy efficiency can sway profits by 2%
Pub and restaurant groups representing 80% of managed outlets have signed up to an energy efficiency benchmarking system to highlight where energy savings can be made across the hospitality sector and allow companies to measure their efforts against competitors
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NewsBorel targets MPs
VAT cut campaigner Jacques Borel has said he’s targeting 248 of the 649 MPs in Parliament to garner support for the tax to be reduced and restated his confidence that a cut is “achievable” by next April
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NewsM&B appoints new marketing director
Mitchells & Butlers (M&B) has appointed Catriona Kempston, currently sales & marketing director for Travelodge, as its new marketing director, M&C Report has learnt
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NewsAdnams eyes 'major' brewery project
Adnams, the Suffolk brewer, pub operator and distiller, is considering undertaking a “major project” to enhance its “brewing capacity and flexibility”
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Brewhouse & Kitchen extends funding call
Brewhouse & Kitchen, the Enterprise Investment Scheme (EIS) venture led by ex-Convivial Pubs chief executive Kris Gumbrell, has extended its latest fundraising call to 16 May
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NewsGreene King loses tax appeal
Greene King, the brewer and pub operator, has lost an appeal relating to its tax avoidance scheme and could be forced to pay back roughly twice the amount of tax it tried to avoid
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Inglenook adds five pubs
Inglenook Inns & Taverns, the Lancashire-based pub group, has continued its expansion by adding five Punch leaseholds to its estate, M&C Report has learnt
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Ex-Convivial brewer sets up brewpub
Conor Donoghue, the former master brewer at Convivial pub group, has set up a microbrewery in a London pub to serve craft beers alongside beer-inspired British food
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Locals Club acquires first pub
New pub company Locals Club has acquired its first pub in London and plans to open three to four more pubs in the next five years, M&C Report has learnt
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BBQ gastro-pub concept secures first site
Smoke and Grills, a gastro-pub barbeque concept, has secured its first site in Surrey and plans to acquire an additional five sites across the rural London area in the next three years
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NewsPub sector 'in best shape for three decades'
The pub sector is in the best shape its been for three decades and it has plenty of scope to grow and take market share as the economy improves, according to leasing analyst Geof Collyer in an extensive report on the UK’s pub and restaurant industries
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NewsCollyer raises TP for major pub groups
Leading analyst Geof Collyer of Deutsche Bank gives a generally upbeat assessment of six major listed pub companies. He raised his Target Price for all but Enterprise and upgraded Mitchells & Butlers (M&B) from Hold to Buy
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Amber nears 100-site milestone
Amber Taverns, the operator of wet-led community pubs, has continued its expansion with the acquisition of a former Bramwell Pub Company site in Derbyshire, and is in the process of adding a further four, M&C Report has learnt
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LV to dispose of Red Door site
Living Ventures, the Tim Bacon-led group, is to dispose of its Red Door bar and lounge site in West Kirby
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Wraith Trading acquires two pubs
Wraith Trading, the pub group led by John Wraith, has secured a pub in London and one in Surrey as it targets expansion in the capital and the Home Counties
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NewsCloverleaf founders form joint venture with Holts
Joseph Holt, the Manchester-based brewer and pub operator, has entered a joint venture with Cloverleaf Restaurants founders John Winder and Gary Douglas to acquire and develop sites for a number of new-build pub restaurant concepts, M&C Report has learnt
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Star begins £1.8m World Cup refurb programme
Star Pubs & Bars, the Heineken-owned leased pub operator, has begun a £1.8m programme to prepare 100 of its pubs for the football World Cup
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TCG online presence boosts pubs' sales
TCG, the operator of 69 pubs, has reported a rise in online bookings after driving up its website traffic by 1500% as part of a three-month project to boost the website’s visibility in search engines
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NewsJDW to set Olympic benchmark for training
JD Wetherspoon has announced that it is aiming to train all 32,000 of its front-line staff in customer service using the WorldHost training programmes
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NewsSpirit: Growth plans, 'posh local', premium, leased innovation
M&C Report takes a closer look at Spirit Pub Company’s half-year results to the 1 March, reports from a presentation featuring chief executive Mike Tye and finance director Paddy Gallagher, and talks to Tye