Pubs, Bars & Clubs News – Page 415
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NewsBrewDog reveals next stage of expansion
Liverpool will be next as BrewDog targets Brixton, Cardiff, Brighton and Dundee and discusses progress with overseas expansion and plans for a pilot brewery
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NewsCollyer: JDW 'an enigma'
Leading analyst Geof Collyer has labelled JD Wetherspoon an “enigma” that “continues to confound and delight”. He raised his Target Price for JDW from 660p to 695p but reduced his forecast by 3%
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NewsGreene King 'and one more' target Ireland
Greene King and another major British pub group are looking to following JD Wetherspoon by entering the Irish pub market, according to the Irish Times
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JW Lees buys two pubs
JW Lees, the Manchester-based brewer and pub operator, has continued its acquisition drive with the purchase of two pubs, M&C Report has learnt
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Downing pub EIS buys new site; raises £9.5m
Autumn Pubs, the freehold pub company whose sites are managed by Pub People Company, has secured its fourth pub with funding from the pub-focused Enterprise Investment Scheme fund from Downing Corporate Finance
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Nextep Inns in administration
Nextep Inns, the North West-based pubco launched by brothers John and Peter Knowles, has been placed into administration
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Amber secures new funding
Amber Taverns, the fast-growing operator of wet-led community pubs, is set to acquire another 30 sites after it increased its debt facility with Lloyds Banking Group by £5m to £27.5m
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NewsJDW: Expansion, sales mix, tax, staff
M&C Report takes a closer look at the full-year results for JD Wetherspoon and reports from a results presentation featuring chairman Tim Martin, chief executive John Hutson and finance director Kirk Davies
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NewsRobinsons reveals pub investment targets
Frederic Robinson, the Cheshire-based brewer and pub operator, says it’s on course to spend £3.5m on pub refurbishments in 2013 and has already committed to the same level of investment in 2014
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NewsPubs drive M&C20 outperformance
The M&C20 outperformed the FTSE All-Share index for the sixth week in a row this week, growing 1.4% to 1,200 while the FTSE All-Share could only manage a 0.8% increase to 1,019
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NewsMass tweet for pro-pub campaign nears target
It’s Better Down The Pub (IBDP), the national campaign that aims to promote British pubs, is nearing its target of supporters for its mass tweet initiative with four days to go
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Indievictual takes second pub
Indievictual, the Northamptonshire-based pub operator and catering firm, has taken its second pub
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NewsDissenters join Punch restructuring talks
Punch Taverns has announced that a committee of its senior bondholders, under the auspices of the Association of British Insurers (ABI), which earlier this year described the pub company’s restructuring proposals as being “some distance away from being acceptable to us”, has now joined the process of engagement regarding its debt restructuring
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NewsHotel group buys Shepherd's Bush Walkabout
Intertain, the high street bar operator, has sold its Walkabout site in London’s Shepherd’s Bush to Dorsett Hospitality International, the Hong Kong-based international hotel operator, M&C Report understands
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Britain's best pubs revealed
The Red Lion Inn, in Cricklade, Wiltshire has been crowned the BT Sport Great British Pub of the Year 2013
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Jack: Sector acquisitions at six-year high
The current period is the most active for acquisitions in the licensed retail sector since 2007, a leading analyst has argued following the £100m sale of Cote and the expected imminent sale of 300 Greene King pubs
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NewsJDW FY lfls rise 5.8%
JD Wetherspoon, the managed pub operator, has reported a 5.8% rise in like-for-like sales in the year to 28 July, with profits before tax and exceptionals up 6.3% to £76.9m, in what it called a “year of progress”
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Marston's extends south east reach
Marston’s, the brewer and pub operator, has told M&C Report it has secured planning consent for three more newbuild sites in the south east as it revealed details of its latest newbuild in the region
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Gilchrist takes interim Browns role
Mitchells & Butlers (M&B) has promoted Phil Gilchrist to the role of holding retail director for its Browns brand, as it looks for a successor for Simon King, who stepped down last week
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Glendola takes City site for new concept
Glendola Leisure, the London-based bar and restaurant group, is to open a new concept at the current Door Oyster Bar & Grill on Cornhill in the City