Pubs, Bars & Clubs News – Page 423
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Beds & Bars launches online check-in service
Beds & Bars, which operates St Christopher’s Inns hostels across Europe, has launched an innovative online check-in service for their guests, as part of a three-year technology investment programme
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Chameleon PBT falls 23.2%
The northern England-based pub operator saw full-year pre-tax profits fall 23.2% to £84,242 and revealed that wet income now accounts for less than half of its sales
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NewsJDW brings VAT campaign to customers
JD Wetherspoon has continued its campaign to reduce VAT for the sector by issuing a special edition of Wetherspoon News, aimed at customers, to all its pubs focused on the campaign
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WJ King eyes pub estate
The new owners of WJ King, the Sussex brewer, have said that creating a pub estate is part of their long-term plans for the business
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Late Knights eyes micro-pub expansion
The south east London brewer hopes to have four “micro-pubs” up and running by Christmas under the Beer Rebellion brand, M&C Reporthas learnt
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Analyst corner
Jamie Rollo at Morgan Stanley looks ahead to the Q4 trading update from Spirit, which is due on 5 September and says that he expects the group’s trading to have improved markedly in July and August but LfL sales to slow once capex levels normalise
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NewsFlat growth for M&C20
Yet again the M&C20 has outperformed the FTSE All Share, albeit with flat growth. The FTSE All Share was down 17 points or 1.6% to 1,015 this week, and the M&C20 down just one point or 0.1% to 1,157.
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NewsBrewDog evolves bars
BrewDog, the Scottish brewer and pub operator, is to make changes to the interior of its bars, including the addition of booth seating and audio panels, in response to customer feedback
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NewsHolts PBT falls 3%
The brewer and pub operator has reported a 3% fall in pre-tax profit to £3.6m amid “tough trading conditions” in 2012, despite “significant efforts” to develop its business
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NewsPro-pub campaign reveals next plans
Point of sale material being sent to 7,000 pubs, advertising and more competions are due for the It’s Better Down the Pub campaign
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Batemans PBT and sales rise
Batemans, the Lincolnshire brewer and pub operator, saw pre-tax profits grow from £73,580 to £239,687 on turnover up 5.7% to £15.4m in the year to 31 January
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Restaurant demand lifts rents for London pubs
Pubs in London are seeing higher rents because of the strong demand that restaurant operators are bringing to the City, argues Jonathan Essex, senior surveyor at Colliers International
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Marston's eyes next Scottish location
Marston’s has unveiled details of its next newbuild pub restaurant in Scotland said it expects to have another half-dozen open north of the border in 2014/2015
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Analysts mixed on Enterprise
Geof Collyer said he expected to see earnings per share growth in 2014 for the first time since 2006, while Douglas Jack cut his full-year forecast by 4%
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Macleod leaves Inventive after 21 years
Neil Macleod, who co-founded the Revolution Vodka Bar operator Inventive Leisure with Roy Ellis, has left the business to “pursue other interests”
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NewsEnterprise reports improving trends
Enterprise Inns has reported like-for-like net income for the total estate down by 2.7% in the 18 weeks to 3 August 2013 against a decline of 4.2% in H1, and like-for-like net income growth in the first five weeks of its final quarter
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One in four Star pubs secure rate cut
Gerald Eve has secured reductions for 360 lessees out of Star’s estate of 1,300 pubs, with average reductions of almost 20% or c£2,500 per year
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Purity appoints ex Molson Coors brewer
Warwickshire-based Purity Brewing Company has appointed Aaron Taubman, former head of Brewing Quality for Miller Coors, as its new head brewer
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Popworld rollout continues
Stonegate Pub Company is to open its latest Popworld site later this month with a £220,000 conversion of the current Reflex at George Street in York
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NewsDrake & Morgan to open seventh next year
The group hopes to open its seventh site early next year as it eyes expansion opportunities inside and outside London, MD Jillian MacLean has told M&C Report