Pubs, Bars & Clubs News – Page 391
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BII back statutory code but urges clarity
The British Institute of Innkeeping (BII) supports the introduction of a statutory pubco code but has called for more clarity around its principles
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RICS raises pubco code concerns
The Royal Institution of Chartered Surveyors (RICS) has said the consultation into a statutory code of conduct for pub companies does not address the distinction between a lease and a tenancy
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JW Lees: guest beer option 'disastrous'
The introduction of a mandatory guest beer option for pub tenants could be “disastrous” and “endanger the viability” of mid-sized brewers while reducing choice behind the bar, JW Lees has told the Government
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Thorley Taverns returns to profit; sites on market
Thorley Taverns, the Kent-based pub, restaurant and hotel group, returned to profitability in the year to 30 June and revealed that a number of its “less successful” sites are on the market
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Craddock takes Charnwood MD role
Marc Craddock, former operations manager at Timothy Taylor, has become the new managing director at Charnwood Pub Company, the Midlands-based multiple
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NewsPunch shares grow 19% as M&C20 recovers
Punch Taverns was the star performer in the M&C20 this week, with its share price rising 19% to 12.5p on the back of the company’s restructuring proposals announced on Monday
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Carvery Heaven up to seven
Carvery Heaven, the Midlands-based pub carvery operator, which was recently named best multiple pub operator at the national Star Pubs & Bars Awards, has opened its seventh site
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Upham Pub Company expansion continues
Hampshire-based Upham Pub Company, the sister company to Upham Brewery, has exchanged contracts on its eighth site, a Punch Taverns pub in Hampshire, M&C Report has learnt
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Bowland Village Inns up to five
Bowland Village Inns, the Lancashire-based group, has continued its expansion with the acquisition of the Ship at Caton, its fifth pub restaurant
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HK Taverns administrator to probe interest rate swap link
The administrator of HK Taverns is investigating whether the 50-strong pub operator, which collapsed in May, was a victim of controversial bank interest rate swaps and could be eligible for compensation
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FY PBT up at Zerodegrees
Zerodegrees, the microbrewery, pub and restaurant operator, has reported an increase in full-year pre-tax profit despite a slight decline in turnover
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Large pubcos differ on reform proposals
More large pub companies agree than disagree with the principle that a tied tenant should be no worse off than their free-of-tie counterparts, according to the results of a Government survey into plans to legislate in the pubco model
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Government decision on pubco reform delayed
Business minister Jo Swinson has admitted that the Government’s decision on the introduction of a statutory code in the pubco/tenant relationship will be delayed
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NewsPubco reforms 'could close 1,600 pubs'
Plans to legislate in the pubco/tenant relationship could close up to 1,600 pubs, according to a report prepared for the Government. The report from London Economics says the UK probably has c6,000 too many pubs and a “sustainable number” would be about 45,000
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NewsBBPA: Compelling case for freeze of beer duty in 2014
Benet Slay, chief executive of Carlsberg UK and British Beer and Pub Association (BBPA) board member, has told The All-Party Parliamentary Beer Group (APPBG) that there is a “compelling case” for a further freeze on beer duty in 2014
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NewsBramwell owed trade creditors £9.1m at collapse
Bramwell Pub Company collapsed owing £23.3m to creditors, with trade creditors owed a total of £9.1m, according to a new report from its administrator Zolfo Cooper
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Operators must embrace new technologies
Pub and restaurant operators must embrace new technologies in order to be successful in 2014 and beyond as the pace of change in the sector is going to accelerate even further, according to Will Hawkley, director in KPMG’s Leisure Advisory Group.
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Gunmakers owner doubles up
The landlord of the Gunmakers in London is to open a second venue a free-of-tie leased pub in West Brompton
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NewsSector called upon to help revive UK high streets
The Government has turned to the eating and drinking-out sector to help it revive the UK’s high streets
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JDW secures second Eire site
JD Wetherspoon has exchanged contracts to purchase its second pub in the Republic of Ireland, as it looks to open up to 20 sites in the country over the next five to 10 years.