Pubs, Bars & Clubs News – Page 396
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Ri Ra eyes Ireland expansion
Ri Ra, the chain of US-based Irish pubs led by David Kelly and Ciaran Sheehan, is planning to launch an estate of pubs in Ireland, after securing its first site in Dublin
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City Pub Co secures Newmarket pub
City Pub Company, the Enterprise Investment Scheme (EIS)-funded operator, has added to its estate with the acquisition of the Three Blackbirds in Newmarket, Suffolk
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Jack issues Hold for Punch after Q1 IMS
Leading analyst Douglas Jack has issued a Hold recommendation for Punch Taverns following its Q1 trading update this morning, saying he expects that the valuation gap to its peers should narrow on successful bond restructuring
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NewsPunch posts 1.4% rise in lfl core estate net income
Punch Taverns, the tenanted and leased pub operator, has reported a 1.4% rise in like-for-like net income in its core estate in the 12 weeks to 9 November, and maintained its view that it intends to announce restructuring proposals in December
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Fuller's bans e-cigs from pubs
Fuller’s has banned the use of e-cigarettes inside all its pubs, because the product causes “anxiety” among customers and staff
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NewsIntertain completes Lincoln refurb
Intertain has completed its latest refurbishment with a £400,000 investment at Walkabout in Lincoln
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NewsCollyer reiterates Buy for Greene King
Leading analyst Geof Collyer has reiterated his Buy recommendation for Greene King ahead of its half-year results next Tuesday (3 December), saying that the company remains his favourite in the sector
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NewsM&B: Expansion, Crown Carvery, promos, analysts
M&C Report takes a closer look at the full-year results for Mitchells & Butlers (M&B) and reports from an analyst presentation featuring chief executive Alistair Darby and finance director Tim Jones
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Alcohol promotions ban fails to reduce amount purchased
Banning multi-buy promotions for alcohol, implemented in Scotland in October 2011 as part of the Alcohol Act 2010, failed to reduce the amount of alcohol purchased, according to a new study
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M&B’s market review
Mitchells & Butlers (M&B) said that 2013 has not been an easy year for UK consumers and pointed out five key trends currently impacting the market: Food remains the primary long term route to sustainable growth in this sector, the market is large but fragmented, leisure spending has been protected, the importance of brands is increasing, significant economic disparities by region and by economic grouping.
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Moorhouse's eyes disposals and investments
Moorhouse’s, the Lancashire brewer and pub operator, is looking to place a number of sites on the market at it prepares to make acquisitions, managing director David Grant has told M&C Report
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M&B to take M&C north
Mitchells & Butlers (M&B) has lined up a further two sites for its steakhouse concept Miller & Carter (M&C) in Scotland and the north east, M&C Report understands
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Kornicis promotes Hall to ops director
Kornicis, the London-based bar and restaurant group, has promoted area manager Michelle Hall to the role of director of operations with immediate effect
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TCG refurbs flagship pub
TCG, the managed operator, has invested £225,000 in one of its flagship community pubs, the Fatling in Hornchurch, Essex
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Pesto secures Star pub
Pesto, the north west-based pub and restaurant chain led by La Tasca founder Neil Gatt, has continued its expansion by securing a Star Pubs & Bars leasedhold site in the West Midlands, M&C Report has learnt
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Pubwatch and BBN praised by think tank
Partnership schemes National Pubwatch and Best Bar None have been praised in a report that focuses on tackling the UK’s drinking culture
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NewsM&B FY lfls grow 0.4%
Mitchells & Butlers (M&B), the managed operator, has reported a 0.4% rise in like-for-like sales in the year to 28 September as pre-tax profit grew from £82m to £150m
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NewsWillcock to become MD of Brunning & Price
Mary Willcock, the managing director of the Stonegate-owned Slug & Lettuce chain, is to become managing director of Brunning & Price (B&P), The Restaurant Group-owned pub group, M&C Report has learnt
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NewsJDW secures first pub in Ireland
JD Wetherspoon, the managed operator, has exchanged contracts to purchase its first pub in the Republic of Ireland and says it plans to open between 10 and 20 in the country over the next five to 10 years
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Fuller’s reveals new look for The Pilot
Fuller’s, the London-based family brewer, will today re-open its Greenwich pub The Pilot after a six-figure refurbishment