All Pubs articles – Page 308
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News
Beannchor identifies growth concepts
Beannchor, the Northern Ireland-based leisure and hospitality group, has identified its “dive bar” format Cuckcoo and its Little Wing Pizzeria brand as growth concepts for expansion in the province and elsewhere in the UK and Ireland, M&C Report has learnt
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NewsMarston's sells £90m portfolio for alternative uses
Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist REIT focused on the UK food and value retail sector, which intends to convert the portfolio to alternative uses
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OpinionGrowing from solid foundations
Earlier this month, Punch Taverns was named Business Enabler of the Year at the National Business Awards its Foundation Tenancy (PFT) lease agreement. Giles Kendall, operations director for Punch and project leader, talks about the develop of the agreement, the challenges the company faced incorporating it and how it has fundamentally changed the way Punch works with its licensees
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Jack: Marston's disposals mean long term earnings growth
Leading analyst Douglas Jack says he believes Marston’s repositioning of its pub estate should allow it to generate double-digit earnings growth over the long-term, although increased disposal activity led him to cut his pre-tax profit forecast for 2014 and 2015
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NewsMarston's sells 202 pubs for £90m
Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist REIT focused on the UK food and value retail sector
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Traditional pubs need new definition in planning regs
The English planning system should create a new usage class for traditional pubs, since young people drink in a more restrained and responsible manner there, according to a new report published in Planning Theory & Practice
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Call for pub rates burden to be eased
Readers of Publican’s Morning Advertiser, M&C Report’ssister title, are demanding that the Government takes action to reduce the burden of business rates on their pubs, and simplify the system
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PIRRS 'made more transparent'
The Pub Governing Body (PGB) has amended the Pubs Independent Rent Review Scheme (PIRRS), which examines pub rent levels, to make the system “more transparent”
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News
Punch reiterates Sell and TP for Punch
Leading analyst Simon French has reiterated his Sell recommendation and 7p Target Price for Punch Taverns after its “slightly better than expected” trading update
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NewsFrench raises M&B Target Price
Leading analyst Simon French has reiterated his Sell recommendation for Mitchell’s & Butlers (M&B) but increased his target price from 301p to 365p, saying the company is “potentially a compelling turnaround story”
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News
Food & Fuel to open café bar
Food & Fuel, the operator of London-based gastropubs and bars headed by former Spirit boss Karen Jones, is to open a new café bar in Ealing at the start of next year, M&C Report understands
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News
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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News
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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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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News
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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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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News
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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News
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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News
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