Pubs, Bars & Clubs News – Page 394
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NewsJack: Fuller's has upgrade potential
Leading analyst Douglas Jack has reiterated his Add forecast for Fuller’s ahead of its Q3 interim management statement on Thursday, saying that it has “further upgrade risk”.
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NewsCable: pubco code is 'necessary'
Business Secretary Vince Cable has said statutory regulation governing the relationship between pub companies and their tenants is “necessary” and the trade will “soon hear how [the Government] will take that forward”
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Jack raises JDW lfl prediction, cuts PBT estimate
Leading analyst Douglas Jack has increased his like-for-like sales growth prediction for JD Wetherspoon but cut his 2014 pre-tax profit forecast after the managed operator said it expects operating margin for the half year to have fallen from 8.3% to 8.1%L
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NewsJDW Q2 lfls rise 6.7%
JD Wetherspoon has reported a 6.7% rise in like-for-like sales in the 12 weeks to 19 January although it expects pre-exceptional operating margin for H1 to be slightly lower than in the same period last year
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NewsFrench reiterates Hold for Marston's
Leading analyst Simon French has reiterated his Hold recommendation and 150p Target Price for Marston’s after a “slightly better than expected” trading update
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Stonegate unveils latest evolved Scream
Stonegate is to open the latest of its evolved Scream sites on Thursday (23 January) in Sheffield
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Pubco statutory code 'could close pubs'
Andrew Griffiths MP, chair of the All-Party Parliamentary Beer Group, has urged the Government not to introduce a statutory code governing the relationship between pub companies and their tenants, claiming that regulation would have “unintended consequences” and “force more pubs to close”
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NewsMarston's Destination and Premium festive lfls grow 3.3%
Marston’s, the brewer and pub operator, saw like-for-like sales grow 3.3% over the key festive period (three weeks to 3 January) in its Destination and Premium division
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NewsYoung's buys Islington theatre pub
Young’s, the London-based pub group, has acquired the King’s Head Theatre Pub in Upper Street, Islington
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Bar Hound eyes more food-driven sites
David King, the Newcastle-based entrepreneur who last year sold his leisure business Fluid Group, has told M&C Report he plans to add more “daytime and evening food-driven” sites to its new venture Bar Hound
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NewsCouncils call for restrictive covenant ban on pub sales
The use of restrictive covenants, a “legal loophole” used by pub companies to force hundreds of community pubs to close each year, must be plugged, according to the Local Government Association (LGA)
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London boroughs urged to 'maintain, manage and enhance' pubs
The “important role” of London’s pubs has been recognised for the first time in Mayor Boris Johnson’s “London Plan”, the latest planning guidelines for the capital
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NewsMPs to debate pubcos today
Labour is holding an opposition debate today calling for legislation to introduce a statutory code on the relationship between pubcos and tenants
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Candy Bar to relocate
Candy Bar, the popular central London lesbian bar, is to relocate to another site in Soho after its existing premises was sold for conversion to a strip club
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Amber festive lfls grow 6%; eyes century of pubs
Amber Taverns, the fast growing operator of community wet-led pubs, saw like-for-like sales grow 6% over the 12-day festive period and said it planned to reach 100 sites by the end of 2014
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NewsFluid Group owner starts new bar venture
David King, the Newcastle-based entrepreneur who last year sold his leisure business Fluid Group, has secured a first venue under a new venture called Bar Hound
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Cubitt House arrives into King's Cross
Upmarket pub operator Cubitt House will open a new venue on Granary Square within the Kings Cross redevelopment in London in mid-2015.
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December lfls up 1.8% at Chameleon
Chameleon Bar & Dining, the Yorkshire and Lancashire-based multiple operator, has reported a positive end to 2013 with like-for-like sales up by 1.8% in December
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PubOpsClub – a new event for pub operations managers
A new networking, learning and development event for pub operations managers launches next month with the inaugural meeting of the PubOpsClub
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NewsLoungers reveals Brighton and Bristol plans
Loungers, the Piper-backed cafe bar operator, has revealed details of its next two openings in Brighton, plus another in Bristol, as it prepares to launch its 42nd site in Glossop, Derbyshire