All Pubs articles – Page 323
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News
Analyst corner
Simon French of Panmure Gordon looks ahead to the Q3 update from Enterprise Inns which is due next Thursday (8 August), expects like-for-like net income to have improved but downgrades his long-standing Buy recommendation to Hold
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Analysis & InsightALMR sees ‘green shoots’ in the pub sector
Signs of robust growth and confidence are creeping back into the pub sector, according to the AMLR. Its annual Benchmarking Report finds that investment in staff and premises are returning to near pre-recession levels, and like-for-like sales and margins are in meaningful growth.
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News
Enterprise brings c£5m package to the market
Enterprise Inns has placed a six-strong freehold package of pubs based in and around London on the market with a combined sales price of just under £5m
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Analysis & InsightLfls up across pub market, but average running costs also climb
Like-for-like sales climbed 5.8% across the UK’s pub sector in the year to October 2012, with community locals and food led outlets outperforming the market. However, the report found that for first time in four years, the average cost of running the average pub has increased.
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NewsFrench raises TP for JDW
Leading analyst Simon French has upgraded his earnings per share forecast and Target Price for JD Wetherspoon following last week’s “better than expected” trading update
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Hosts warned over false hygiene scores
Licensees displaying incorrect food hygiene ratings could face prosecution, the Food Standards Agency (FSA) has warned
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News
French cuts EPS forecast for Marston's
Leading sector analyst Simon French has reduced his earnings per share forecast for Marston’s and said the market remains concerned that there’s little discernible uplift in profitability
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Karlton & Barlow: new site, sales rise
The North West-based pub company is set to announce its fifth site by the end of this month as it reports a 5.7% rise in like-for-like sales in the first half of 2013
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News
Fifteen pubs go to auction
Freeholds of 15 pubs located in Wales and the West Country are up for auction on 4 September
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News
St Austell embarks three-year archive project
St Austell Brewery has announced it has begun what it believes could be one of the biggest ever archive projects in the brewing and pub trade in an attempt to document its 160-year history
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NewsGreene King makes remuneration changes
Greene King has made changes to its remuneration policy that it says would align it closer with its aim of achieving long-term growth for shareholders
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News
Hearstone losses widen before merger
Losses for both trading companies widened despite growth in turnover in 2012 as Heartstone reiterates plans to expand
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NewsCollyer raises Enterprise TP by 40%
Leading sector analyst Geof Collyer has raised his Target Price for Enterprise from 135p to 190p ahead of the next phase of “rehabilitation” for the company
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News
Prideaux to oversee O’Neill’s
Will Prideaux, former retail operations director at Marston’s, has joined Mitchells & Butlers (M&B) to oversee its c50-strong O’Neill’s estate
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Evan Evans on expansion trail
CEO Simon Buckley tells M&C Report that the pub property market outside the M25 “idiot circle” has “bottomed out”
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Punch launches Finest Cask website
Punch Taverns has launched a website for its Finest Cask scheme, its guest ale programme that has been running for over 10 years
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News
US broker downgrades Marston’s
US broker Jefferies has downgraded Marston’s to ‘hold’ from ‘buy’ from on valuation grounds
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Analysis & InsightBeating a path to Bath
Good small brewers don’t always make good pub operators, but Bath Ales is proving to be an exception to the rule. Phil Mellows meets Robin Couling, the man who’s taken the company to a new level
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News
Joule's names veteran as head brewer
Joule’s Brewery, the Shropshire-based brewer and pub operator, has appointed brewing veteran Mark Leedham as its head brewer
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News
Inventive unveils latest investment
Inventive Leisure has re-opened the third site under its £6.6m estate investment programme with a £300,000 spend at Revolution Brighton