Pubs, Bars & Clubs News – Page 368
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NewsBurns upgrades Young's to Buy
Leading analyst Karl Burns has upgraded Young’s from Hold to Buy, citing the recent decent trading and an “encouraging” outlook for 2015, and saying the stock no longer trades at a significant premium to its peers
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Noble Inns appoints MD
London-based Noble Inns, the Scott Hunter and Maria Larsen-led pub and restaurant operator, has appointed Simon Holroyd, formerly of the Dubai-based Al Tayer Group, as its first managing director
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NewsBurns raises Fuller's TP
Leading analyst Karl Burns has increased his Target Price for Fuller’s ahead of its year-end this month
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Pub is The Hub wins Big Society Award
Pub is The Hub was announced as the latest winner of the Prime Minister’s Big Society Award at last night’s Publican Awards
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NewsEnterprise Inns to rollout on-line ordering
Enterprise Inns, the tenanted and leased pub company, plans to introduce an on-line ordering system for publicans across its estate, M&C Report has learnt
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Harley: Lowlander a growth concept
Lowlander is a “scalable” operating concept for Eclectic and gives the company a fourth format as it looks to make further acquisitions in and outside London, chief executive Reuben Harley has told M&C Report
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Meantime launches ‘Hops in a Box’ scheme
Meantime Brewing Company is giving away over 12,000 hop growing kits to Londoners in a bid to raise awareness about the ingredients that go in to making beer.
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SA Brain appoints new group head of HR
SA Brain, the Cardiff-based brewer and leisure operator, has appointed Jon Bridge, the former head of HR at House of Fraser, as its new group head of HR
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Bel and The Dragon secures seventh site
Longshot, the business led by entrepreneurs Joel Cadbury and Ollie Vigors, has secured a seventh site for its Bel & The Dragon chain
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Renaissance Pubs secures seventh site
Renaissance Pubs, the London-based gastropub operator, is believed to have secured its seventh site in the capital, in Clapham
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Punch invests £1.1m in Sheffield pubs
Punch Taverns, the tenanted and leased pub company, says it has invested £1.1m in its pubs in Sheffield in the past year
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NewsEclectic EBITDA grows 13%; acquires food-led bar brand
Eclectic, the bar group led by Reuben Harley, has reported a 13% rise in pre-adjusted EBITDA to £1.7m in the six months to December 2013, and also announced the acquisition the Lowlander Bar and Brasserie in London’s Covent Garden, together with the Lowlander brand, which it hopes to rollout nationally
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NewsFY PBT up at Adnams
Adnams, the Suffolk-based brewer, pub operator and distiller, has reported a rise in pre-tax profit from £3.2m to £4.1m for the year to the end of 2013, while turnover increased 6.3% to £60.5m.
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NewsOrchid leasehold package placed on market
Leaseholds of 10 pubs run by Orchid Pub Company have been placed on the market with Fleurets, M&C Report has learnt
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NewsStonegate steps up Bramwell conversions
Stonegate expects to have converted or begun converting six of the 78 pubs that it bought from Bramwell Pub Company by the end of this month, M&C Report has learnt
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Fine & Country targets expansion
Fine & Country Inns, the new venture headed by Gary Hunt, previously chief operating officer of nightclub group G4 Leisure (formerly Brook Leisure), hopes to expand by one or two sites per year for the foreseeable future, M&C Report has learnt
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NewsCity Pub Co buys flagship London sites, extends banking facilities
City Pub Company, the Enterprise Investment Scheme (EIS)-funded pub operator, has secured two flagship central London sites and an extra £7m in banking facilities as it looks to exceed its 2014 rollout target
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Luminar praised for female safety scheme
A Luminar nightclub in Ipswich has received praise from police and its local MP for a scheme focused on ensuring female customers get home safely
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Camerons marks duty cut with 1p 'cash back' on pints
Camerons, the Hartlepool-based brewer and pub operator, is giving customers 1p ‘cash back’ for every pint sold to mark the penny cut in beer duty announced in the Budget
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PoundPub concept 'could expand further'
The man heading a new “no frills” pub venture PoundPub, which offers pints for £1.50 and halves for £1, plans two more openings and has not ruled out expanding further across the country