All Pubs articles – Page 313
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News
Glendola PBT grows 30%
Glendola Leisure, the London-based bar and restaurant group, has reported a 30.1% rise in pre-tax profits to £2.5m in the year to 30 March on turnover almost static at £28.5m
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TCG eyes refurbs; disposals on hold
TCG, the managed operator, expects to complete about half a dozen major refurbishments and a similar number of smaller investments across its estate this financial year, chief operating officer Nigel Wright has told M&C Report
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NewsCouling becomes Bath Ales MD, Jones named exec chairman
Bath Ales has promoted retail director Robin Couling to the role of managing director with immediate effect as part of as strategic shift in management responsibilities
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Market Town Taverns reports 'steady' trading
Market Town Taverns, the Yorkshire-based pub and bar operator, has said it had a “steady period of performance” in the 16 months to 2 February and stated that it planned to undertake some “sizeable investments” in existing sites this year
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Bar Sport eyes expansion
Bar Sport is to open its sixth site in Newbury, Berkshire, on 21 November, and is aiming for four more before next summer’s football World Cup kicks off, M&C Report has learnt
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Thwaites to invest £4m in pub estate
Thwaites director of pub operations Andrew Buchanan has revealed to M&C Report that the Blackburn-based brewer is on course to complete £4m-worth of investment in its estate by the end of the financial year
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News
Oaka would like more London pubs
Oaka Group, the sister company to the Peterborough-based Oakham Ales, would like to open more pubs in London after reporting strong trading at its first outlet in the capital
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NewsAnalyst corner
Leading analyst Jamie Rollo looks ahead to JD Wetherspoon’s Q1 interim management statement on 6 November, predicting a “solid” trading update “with few surprises”
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Neame issues statutory pubco code warning
Statutory regulation in the pub company model could “stifle investment, crush job growth and curtail entrepreneurialism”, British Beer & Pub Association (BBPA) chair Jonathan Neame has warned
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JW Lees targets 200-strong estate
The company is looking to grow to 200 pubs and is able to secure a further £10m in growth funding from the bank, managing director William Lees-Jones has told M&C Report
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News
Six ex-Botanic pubs sold for £4.3m
Six Belfast pubs that were formerly part of the Botanic Inns group have been bought by two brothers, reports the Belfast Telegraph
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News
Living Ventures joins ALMR
Living Ventures, the bar and restaurant group led by Tim Bacon, has joined the Association of Licensed Multiple Retailers (ALMR)
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Fleurets valued Rovers Return for ITV
Property agent Fleurets advised a researcher from ITV on what a realistic asking price would be for the Rovers Return pub in Coronation Street as part of a storyline for the soap
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Joule's completes £4m funding deal; names new chairman
Joules, the Shropshire brewer and pub operator, has completed a £4m funding deal with NatWest and has named Mark Heappey, formerly a partner at 3i, as its new chairman, M&C Report has learnt
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Rent on new pub leases averages c£25k
The average annual pub rent for new leases in England and Wales was £25,187 per annum during the first quarter of 2013, according to the Royal Institution of Chartered Surveyors’ Pub Benchmarking Survey
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News
Sports Bar & Grill acquires Soho site
Sports Bar & Grill, the sports-focused bar and restaurant group led by Dave Evans, has secured the site of the former Little Sicily restaurant in London’s Soho for its latest opening, M&C Reportunderstands
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News
Pub companies urged to review e-cig policies
Anti-smoking campaigners are urging pub operators to keep their policies on electronic cigarettes under review as controversy grows around the devices, which deliver nicotine without burning tobacco and produce vapour rather than smoke
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NewsCollyer downgrades forecast for Marston's
Leading analyst Geof Collyer has downgraded his forecast for Marston’s after its update yesterday, saying the company has a “dull medium term outlook relative to most peers”
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News
Parliament to debate pubcos
A debate in Parliament on the leased pub company business model is to take place on Monday (14 October)
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NewsMarston's to sell 400 pubs over two years
Marston’s, the brewer and pub operator, hopes to sell up to 400 pubs over the next two years and is seeing increased interest in its sites recently due to an apparent upturn in the property market, chief executive Ralph Findlay has told M&C Report