All Pubs articles – Page 311
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DiaryDiary: Las Iguanas, JDW, Benito's Hat, Toby Carvery
This week’s Diary includes impressive figures from Las Iguanas, JDW plays chicken, Tim Bacon on his days behind the bar, Terry Pullen eyes more Ballrooms, InnBrighton refocuses on pubs, and you are what you eat according to Toby Carvery
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News
Pullen eyes leisure acquisitions after pub disposal
Terry Pullen, operator of a number of restaurants and hotels in London and Surrey, has announced plans to expand acquire more multi-faceted leisure and hospitality venues in London after selling a Kent pub to Redcomb Pubs, the southern pub operator
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News
Collyer plots Enterprise equity 'rehabilitation'
Leading analyst Geof Collyer has raised his Target Price for Enterprise Inns to 205p, predicting a return to absolute EBITDA growth - the “final step” in the story of its equity rehabilitation - earlier than expected in FY2016
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News
Further operators see benefit of Tax Parity Day
Hall & Woodhouse and Wadworth have become the latest companies to report an uplift in sales on Tax Parity Day
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News
North Bar eyes pop-ups
North Bar, the Leeds-based pub group, plans to branch out into pop-up bars and events over the next few months, co-owner Christian Townsley has told M&C Report’ssister title Publican’s Morning Advertiser.
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News
M&B agrees £38m waste management and cleaning deal
Mitchells & Butlers (M&B), the managed operator, has signed a £38m waste management and cleaning contract with Mitie, the FTSE-listed 250 strategic outsourcing company
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NewsPunch helps tenants lift food profits
Punch Taverns has announced a partnership with CaterCost, a web-based software system, to help tenants design their own menus and increase food profits
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News
FY sales at ETM forecast to top £30m
ETM Group, the London-based operator led by Tom and Ed Martin, expects its full-year turnover to pass the £30m mark next year as it looks to open two further sites in the capital
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News
Rollo upgrades Enterprise Inns
A leading analyst has upgraded his price target for Enterprise Inns from 140p to 200p and said he thought there was a good chance that the group’s like-for-like sales will be positive in H1 2014 and sees its 19 November final results as a key catalyst
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Analysis & Insight
A bigger conversation
Last Wednesday’s Tax Parity Day highlighted the disparity between the zero rate for food in supermarkets and the 20% VAT rate for pubs and restaurants. A day later, the British Hospitality Association’s chief executive Ufi Ibrahim rallied the troops to build momentum around its campaign to cut tourism tax in the UK to 5%. Surely it is time for the whole industry to be pulling in one direction as one voice?
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News
GRS Pubs grows underlying profits 14%
GRS Pubs, the tenanted pub group formerly owned by London Town, saw underlying profits rise 14% to £448,000 in the year to 30 December as it continued to trim its estate
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NewsWeak M&B performance impacts M&C20
The 1% decline in Q4 like-for-like sales reported by Mitchells & Butlers (M&B) this week impacted the M&C20 Index, which fell by 1.3% to 1,148.32, to marginally underperform the FTSE all share, which declined by 0.9% to 1,014.49
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News
Leeds Brewery to ramp up expansion
Leeds Brewery is looking to expand its pub estate more rapidly over the coming years, director Sam Moss told MA300 delegates
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News
French downgrades M&B EPS forecast
Leading analyst Simon French has downgraded his earnings-per-share forecast for Mitchells & Butlers (M&B) following a “disappointing” trading update
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NewsBacon sets out expansion plans
Tim Bacon has set out his expansion plans for the Living Ventures-led Gusto brand and the recently renamed New World Trading Company, his pub-led venture backed by the Hill Capital Partners Food & Beverage Fund
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News
Analyst corner
Jamie Rollo, analyst at Goldman Sachs, looks ahead to the upcoming Q4 update from Spirit Pub Company (22 October).
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Analysis & InsightAll change in beer and pubs
From a sex, drugs and rock ’n’ roll scandal at Scottish & Newcastle to a roller-coaster ride of acquisitions at Marston’s, Stephen Oliver looks back fondly on his time in the trade
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News
Lambeth wants 'zoned' opening hours
Lambeth Council in London wants to introduce a zoning system for opening hours and recommends stringent new regulations around licensee and staff training for licensed premises in the borough
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News
Batram: Marston’s set for solid finish
A leading analyst has sauid that he expects Marston’s to report a solid finish to its financial year with good progress made on its disposal programme
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News
Shep Neame picks up Soho site
Kent-based brewer and pub operator Shepherd Neame has taken on the lease of the George in Soho, central London