All Pubs articles – Page 299
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News
Taxpayers 'subsidising unfair practices of pubcos'
Taxpayers will subsidise the “unfair” practices of tenanted pub companies to the tune of c£33m - or potentially more than £100m - per year unless the Government presses ahead with plans to reform the tenanted model, a political think tank has told the Government
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Jack: Spirit’s outperformance to have continued
A leading analyst has said that he expects Spirit Pub Company’s outperformance against the sector to have continued over the last 12 weeks
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Tynemill reports steep fall in FY profits
Tynemill, the East Midlands brewer and pub operator that trades as Castle Rock Brewery, saw pre-tax profits fall from £314,700 to £75,000 in the year to 31 March, a period the group called “particularly challenging”.
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Chinese group secures Ram Brewery
Chinese group Greenland has made its first investment in the UK after securing the Ram Brewery in Wandsworth from Minerva for a total investment of £600m
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Brakspear holds prices of own ales
Pub operator and brewer Brakspear is holding prices on all Brakspear ales supplied to its 129 pubs
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Jamaica Inn on the market
The Jamaica Inn, the Cornish pub that was the inspiration for Daphne du Maurier’s novel of the same name, has been placed on the market for £2m, according to The Times
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NewsOakman FY lfls rise 14.5%; losses widen
Oakman Inns and Restaurants, the Hertfordshire-based group led by Peter Borg-Neal, has reported a 14.5% rise in like-for-like sales in the year to 31 March as turnover grew 18.8% to £9m
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All Our Bars Christmas lfls rise 2.4%
All Our Bars, the Kent-based multiple pub operator led by Paul Wigham, has reported a 2.4% rise in like-for-like sales over Christmas but said it could have been better if the weather had been more favourable
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NewsMarston's markets £6.6m sale and leaseback
Marston’s is marketing the freehold of a landmark Pitcher & Piano site in Newcastle on a sale and leaseback basis for offers in excess of £6.6m
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New Moon Pubco to launch Beef & Pudding
New Moon Pub Company is set to open the first site under its new food-led concept, Beef & Pudding, this spring in Manchester city centre.
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Young's creates VIP suits for Six Nations
Young’s, the London-based pub company, has created VIP hospitality suits at six pubs for the Six Nations rugby tournament
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NewsOrchid festive sales grow 9.8%
Orchid Group, the managed operator, saw sales grow 9.8% over the Christmas and New Year period, with food sales up 11% in that period, the company has said
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CAMRA urges public to use pubs in January
The Campaign for Real Ale has launched its ‘Pubs and the Economy’ campaign, aiming to promote the benefits of pubs to British economy and encourage more people to use their local during January
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NewsPunch disposals to take longer than anticipated
Punch Taverns, the tenanted and leased pub company, expects its pub disposal process to take about two years longer than initially thought
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Analysis & InsightTime to check in?
The need to provide room service has always been one of the main stumbling blocks barring a successful partnership between hotel and restaurant operators. However, a proposal by Hilton Worldwide to replace room service at its full service properties with cafeteria-style eateries as the company moves toward a more limited-service offer could finally open up new partnerships and avenues to expansion
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News
Trust Inns PBT grows 6.8% in 'satisfactory' year
Trust Inns, the tenanted pub operator, saw pre-tax profits grow 6.8% to £2.3m in the year to 31 March.
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NewsLoungers eyes Cosy Club expansion; December lfls rise 8.6%
Loungers, the Piper-backed cafe bar operator, says its Cosy Club concept has the potential to expand to at least 70 sites, on top of at least 250 potential Lounge outlets
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Greek investor acquires Camden Barfly
A private Greek investor has acquired the freehold of iconic London music venue, the Camden Barfly, from property company Solitaire Group for £3.8m – a 5.5% yield
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Analyst corner
Leading analyst Nicholas Batram of Peel Hunt looks ahead to forthcoming trading updates from Domino’s, The Restaurant Group (TRG), Spirit Pub Company, JD Wetherspoon, Mitchells & Butlers (M&B) and Cineworld
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News
Gerard to develop site with Charles Wells
Chris Gerard, the founder of pub group Innventure, is to develop and open a venue in partnership with Bedford-based brewer and pub operator Charles Wells under a new venture called Apostrophe Pubs