All Pubs articles – Page 262
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NewsCollyer: Gov't intervention 'good news' for pubcos
Leading analyst Geof Collyer says the Government’s plans to intervene in the tenanted pub sector will be “good news in the long term” for Enterprise Inns, Marston’s and Greene King
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Hawthorn Leisure buys 88 R&L pubs
Hawthorn Leisure, the pub group set up with the acquisition of 275 pubs from Greene King, has announced the acquisition of 88 tenanted and leased public houses from R&L, the pub portfolio former operated by property tycoon Robert Tchenguiz
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Gov't action 'will transfer up to £140m to pub tenants'
Government plans to intervene in the tenanted pub sector will lead to the transfer of up to £140m from pub companies to tenants and will “indirectly” cause 52 pubs to close, according to estimates from the Department for Business, Innovation & Skills
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NewsIndustry responds to statutory code proposal
British Beer & Pub Association chief executive Brigid Simmonds says it’s a “huge relief” that the Government has chosen not to introduce mandatory free-of-tie or guest-beer options into the pubco/tenant relationships, although she criticised the “disproportionate” cost of an adjudicator
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NewsGovernment confirms statutory pubco code
The Government has confirmed that it will introduce a statutory code to govern the pubco/tenant relationship but has stopped short of having a mandatory free-of-tie or market-rent only option, and will also not scrap the beer tie
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OpinionCable: Why we are acting on pubcos
Vince Cable, the Secretary of State for Business, Innovation and Skills, talks about the reasoning behind the Government’s intervention in the pub sector, the consultation process, new policy and its proposed benefits
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NewsSpirit plans Orchid leases deal
Spirit Pub Company is planning to acquire around a dozen leases currently operated by Orchid Pub Company on which it is guarantor before they are placed into administration
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Glendola gives Silk & Grain details
Glendola Leisure, the London-based bar and restaurant operator, has given more details of its latest ‘cocktails and steaks’ opening in the City, Silk & Grain on Cornhill
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Fuller Thomson on the acquisition trail
Scottish pub group Fuller Thomson is close to securing its sixth site which is due to open in early 2015 in Edinburgh as part of a plan to open five sites in the next five years, M&C Report has learnt
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Leeds Brewery takes eighth site
Leeds Brewery, the pub operator and brewer, has made an application for planning permission to renovate a Grade II listed building in Leeds to open in October as its eighth pub.
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M&B launches updated Harvester offer
Mitchells & Butlers (M&B) has launched an updated Harvester offer at selected sites, including its unit in Peterborough’s Pavilions West scheme
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NewsPunch agrees to sell five pubs for £9.7m
Punch Taverns has agreed to sell five freehold pubs in central London to Manica Properties Ltd, an Isle of Man-based company, for £9.7m
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Admiral helps tenants build food offer
Admiral Taverns, the tenanted and leased pub company, has announced further help for licensees to develop their food offer through a new “Build a Menu” service
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NewsStonegate-operated package sold in £28m deal
OLIM Property, the property investment company led by former Liberal Democrat Treasury spokesman Matthew Oakeshott, has acquired 15 freehold pubs let to Stonegate Pub Company for £28.3m
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NewsLabour 'will go further' on pubco intervention
The Labour party will commit to introducing a mandatory free-of-tie and market-rent-only options for pub tenants if they are not included in this week’s statutory code announcement, the chairman of the Business, Innovations & Skills Committee (BISC) has predicted
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NewsNWTC secures first London site
The New World Trading Company (NWTC) has secured its first London site, which will operate under the name The Trading House
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NewsGov't to announce introduction of statutory code
The government will announce the introduction of a statutory code of conduct for tenanted pub companies in the Queen’s Speech on Wednesday with the dismantling of the current self-regulatory system
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Amber to spend £6m-£7m pa on expansion
Amber Taverns is to spend between £6m and £7m per year over the next four years on expansion following the pub company’s £80m sale to funds backed by BlueBay Asset Management and MxP Partners, managing director James Baer has told M&C Report
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Welsh pubs given World Cup hours reprieve
The Home Office has bowed to pressure to allow Welsh pubs to open later to screen England’s World Cup matches
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New Moon Pubco receives approaches
New Moon Pub Company has been approached by venture capitalists regarding investing in the company, as it looks to adding at least a further 10 sites within the next five years