All Weekend Press articles – Page 2
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Weekend Press
Weekend press round-up, 12-13 April
Company results and news Punch Taverns brings in independent restructuring specialist Punch Taverns, Britain’s second biggest pubs group, has brought in an independent corporate restructuring expert to aid long-running discussions over its £2.3bn debt mountain. Dean Merritt, from Talbot Hughes McKillop, is representing the companies that issued Punch’s debt, amid ...
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Weekend Press
Weekend press round-up, 22-23 March
Pubs Pub landlords face tenfold rise in cost of licence Pub landlords could be hit by tenfold rises in the cost of their licences under plans put forward by the Government. The Home Office is proposing to hand the power to set licence fees – paid by bars, pubs and ...
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Weekend Press
Weekend press round-up, 15-16 February
Punch Taverns Shareholders in Punch Taverns face being wiped out under fresh restructuring plan from lenders Shareholders in Punch Taverns, Britain’s second-largest pubs group, face being wiped out under a fresh restructuring plan from lenders. Proposals put forward by management and due to be voted on last week were withdrawn ...
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Weekend Press
Weekend press round up, 8-9 February
Company results and news Punch Taverns debt deal ‘only benefits shareholders’ Lenders to Punch Taverns, the embattled pubs group, have accused the company of “scare-mongering” in order to push through a £2.3bn debt restructuring deal this week. Bondholders with blocking stakes plan to vote against a restructuring plan promoted by ...
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Weekend Press
Weekend press round-up, 25-26 January
Company results and news How TGI Friday’s boss cut out the obstructive staff Under Karen Forrester, the TGI Friday’s restaurant chain has undergone a big recovery – and it all began with a fire that gutted one of its flagship sites. While most bosses would consider this an unmitigated disaster, ...
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Weekend Press
Weekend press round-up, 16-17 November
Company results and news R&D credits can be found on the menuA Michelin star-winning chef has successfully claimed R&D tax credits from HM Revenue & Customs in an unusual move for a restaurant.Sat Bains, the celebrity chef who runs an eponymous restaurant in Nottingham, secured the tax relief because the ...
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Weekend Press
Weekend press round-up, 26-27 October
Company results and news£1bn sale on menu at Pizza ExpressThe owner of the restaurant empire behind Pizza Express is finalising plans for a £1bn sale or float.The private equity backer of Gondola Holdings, which also owns the Zizzi and Ask restaurant chains, are expected to appoint an investment bank in ...
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Weekend Press
Weekend press round-up, 19-20 October
Pubs Pubs call for time over debt One of Britain’s biggest pub operators is planning a new deal with its lenders to ease the burden of its £700m debt pile. Spirit, which owns 1,200 pubs, including the Chef & Brewer chain, is due to start repaying its borrowings next year. ...
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Weekend Press
Weekend press round-up, 12-13 October
Weekend press round-up, 12-13 OctoberSector growthRestaurant, café and bar groups among top mid-market private firms Pret A Manger, Nando’s Caffe Nero and Novus Leisure have been listed among the top 250 mid-market private companies in an index published in the Sunday Times.They are included in the Top Track 250 league ...
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Weekend Press
Weekend press round-up, 5-6 October
Company results and news Gondola places large order for PizzaExpress in ChinaThe company that owns PizzaExpress is in talks with potential partners in Beijing as it seeks to step up the pace of its international expansion.Gondola Group, which is controlled by Cinven, the private equity firm, has 11 PizzaExpress outlets ...
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Weekend Press
Weekend press round-up, 21-22 September
RestaurantsItsu plans expansion and possible stake saleThe founder of itsu has drawn up ambitious plans to expand the Asia-inspired healthy food chain outside London and could sell a minority stake in the business to fund its growth.Julian Metcalfe, who founded Pret A Manger as well as itsu, is to open ...
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Weekend Press
Weekend press round-up, 31 August-1 September
RestaurantsCote tempts new suitorRichard Caring is edging closer to a deal to sell his Cote brasserie chain for about £100m. CBPE, the private equity firm that was once part of Close Brothers investment bank, is in talks to buy the 45-strong chain.It has leapfrogged Bridgepoint, a rival firm best known ...
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Weekend Press
Bank Holiday weekend press round-up, 24-26 August
RestaurantsFood police lose fight to outlaw rare beefburgersBeefburgers cooked rare can remain on restaurant menus after a judge rejected claims by food watchdogs that they are a health risk. A wine bar and restaurant chain had been told to stop serving the burgers unless they took certain safety precautions. The ...
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Weekend Press
Weekend press round-up, 17-18 August
Pubs Irish Nationwide took €130m hit on loan deal with UK pubs chainIrish Natiowide Building Society (INBS) took a gigantic hit of €130m on a single client by agreeing to a bizarre loan restructuring for one of its biggest clients in the summer of 2007 as the society was gearing ...
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Weekend Press
Weekend press round-up, 10-11 August
Weekend Press 10-11 August Companies and markets The sun shines on pubs and Spirit rises The belated arrival of summer has offered some salvation to Britain’s beleaguered brewing and pub industry. The shares have now thrown off the shackles and, along with the rest of the stock market, are enjoying ...
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Weekend Press
Weekend press round-up, 27-28 July
Weekend press round-up, 27-28 JulyPubs and barsM&B has found its balance againIt is now almost two years since billionaire Joe Lewis moored his mega-yacht by Tower Bridge and declared he’d like to swallow pub company Mitchells & Butlers in its entirety. Lewis owned 25%, so this was serious. The proposed ...
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Weekend Press
Weekend press round-up, 20-21 July
Companies and marketsMake mine a Marston’s This week four of the nation’s biggest pub owners will reveal their financial results, writes Danny Fortson in his Inside the City column. They include Mitchells & Butlers, the company behind the All Bar One chain, and JD Wetherspoon. In theory, all should have ...
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Weekend Press
Weekend press round-up, 13-14 July
Restaurants Where does all the cash come from? “It’s been horrendous, but we’re a different company now,” says Stuart Gillies, who runs Ramsay’s restaurant firm. He does the numbers, while Ramsay does the nosh. “Everything we do is new.” They are moving home. “This office costs £500,000 a year,” says ...