Pubs, Bars & Clubs News – Page 395
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NewsM&B ready to push the envelope with Harvester
Mitchells & Butlers (M&B) is ready to push the envelope when it comes to the development of Harvester, after Alistair Darby admitted that the company had moved too fast when iit entered the leisure and retail park sector with the brand
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Luxury soap supplier opens pub
Baylis & Harding, the producer of luxury soaps and other bathroom products, has announced its first move into the hospitality industry with the opening of a country pub with rooms in the Cotswolds
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Brunning & Price sets date for Ribble Valley opening
Brunning & Price (B&P), The Restaurant Group-owned pub group, is to open a country pub in Ribble Valley in Lancashire next March
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Mid Life Crisis takes Star leasehold
Multiple pub operator Mid Life Crisis has secured its fourth site, a Star Pubs & Bars leasehold in Berkshire
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NewsFrench raises Enterprise Target Price
Leading analyst Simon French has increased his Target Price for Enterprise Inns from 123p to 133p following its full-year results last week
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NewsInventive announces £3m extension to investment programme
Inventive Leisure, the Revolution bar operator, has announced a £3m extension to its investment programme that will see more than half of its estate (37 outlets) undergo refurbishments by May 2014
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NewsMarston's: Package disposal, estate plan, menus, lodges
M&C Report takes a closer look at the full-year results for 5 October for Marston’s and talks to Peter Dalzell, managing director of Marston’s Inns and Taverns
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FY lfls up 2.2% across Marston’s P&D estate
Marston’s has this morning reported that total like-for-like sales were up 2.2% across its premium & destination estate for the year to 5 October against the previous year, with growth in the second half year of 4.1%
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NewsNew M&B IT infrastructure to be game changer
The consumer data that Mitchells & Butlers (M&B) will eventually be able to generate from the roll out of its new £33m IT system could prove to be a game changer for the company, according to chief executive Alistair Darby
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NewsBillingham: Restructure talks have been "lively"
Punch Taverns executive chairman Stephen Billingham has told M&C Report that discussions with different parties over its debt restructure negotiations have been “lively” and said it’s “good news” that all stakeholders are involved
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Beannchor identifies growth concepts
Beannchor, the Northern Ireland-based leisure and hospitality group, has identified its “dive bar” format Cuckcoo and its Little Wing Pizzeria brand as growth concepts for expansion in the province and elsewhere in the UK and Ireland, M&C Report has learnt
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NewsMarston's sells £90m portfolio for alternative uses
Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist REIT focused on the UK food and value retail sector, which intends to convert the portfolio to alternative uses
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Jack: Marston's disposals mean long term earnings growth
Leading analyst Douglas Jack says he believes Marston’s repositioning of its pub estate should allow it to generate double-digit earnings growth over the long-term, although increased disposal activity led him to cut his pre-tax profit forecast for 2014 and 2015
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NewsMarston's sells 202 pubs for £90m
Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist REIT focused on the UK food and value retail sector
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Traditional pubs need new definition in planning regs
The English planning system should create a new usage class for traditional pubs, since young people drink in a more restrained and responsible manner there, according to a new report published in Planning Theory & Practice
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PIRRS 'made more transparent'
The Pub Governing Body (PGB) has amended the Pubs Independent Rent Review Scheme (PIRRS), which examines pub rent levels, to make the system “more transparent”
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Call for pub rates burden to be eased
Readers of Publican’s Morning Advertiser, M&C Report’ssister title, are demanding that the Government takes action to reduce the burden of business rates on their pubs, and simplify the system
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Punch reiterates Sell and TP for Punch
Leading analyst Simon French has reiterated his Sell recommendation and 7p Target Price for Punch Taverns after its “slightly better than expected” trading update
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NewsFrench raises M&B Target Price
Leading analyst Simon French has reiterated his Sell recommendation for Mitchell’s & Butlers (M&B) but increased his target price from 301p to 365p, saying the company is “potentially a compelling turnaround story”
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Food & Fuel to open café bar
Food & Fuel, the operator of London-based gastropubs and bars headed by former Spirit boss Karen Jones, is to open a new café bar in Ealing at the start of next year, M&C Report understands