Thursday 31st January 2013 |
Breaking News - Mitchells & Butlers and TGI Friday’s |
Mitchells & Butlers – trading more volatile TGI Friday’s – two business innovations reduce staff turnover Mitchells & Butlers – trading has become more volatile: Mitchells & Butle … view |
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Thursday 31st January 2013 |
Breaking News - FSA - 90% of interest rate swap cases examined show element of mis-selling |
FSA – 90% of interest rate swap cases examined show element of mis-selling: The Financial Services Authority (FSA) has confirmed that Barclays, HSBC, Lloyds and RBS will start a full review of their sales of interest rate hedging produc … view |
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Thursday 31st January 2013 |
Admiral Taverns, Enterprise and M&B |
Mitchells & Butlers reports 4% up in December but hit by weather in January: Managed operator Mitchells & Butlers (M&B) has reported strong December trading but that bad weather in January has caused a small drop in like-for-likes in the … view |
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Wednesday 30th January 2013 |
Breaking News - Luminar owners pays £6m final installment |
New Luminar owner pays £6m final installment early: The new owner of nightclub company Luminar made the payment of a final large installment of £6m to buy the company out of administration early. The payment to Ernst & Young was due on … view |
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Wednesday 30th January 2013 |
Breaking News - Patisserie Valerie and Gordon Ramsay |
Patisserie Valerie Ebitda near £10m Gordon Ramsay files full accounts – like-for-likes up 3% Patisserie Valerie Ebitda near £10m; plans 18 new openings: Café chai … view |
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Wednesday 30th January 2013 |
Greene King, M&B and Peach |
Geof Collyer – Mitchells & Butlers could stand out by shelving the roll-out programme: Deutsche Bank analyst Geof Collyer has argued that Mitchells & Butlers (M&B) could “stand out from the crowd by shelving its roll-out programme”. … view |
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Tuesday 29th January 2013 |
Breaking News - Cloverleaf Restaurant founders step down |
Cloverleaf Restaurant founders step down from the board: Former Whitbread executives Gary Douglas and John Winder have stepped down from the board of the Cloverleaf Restaurants business owned by Greene King. Their departure from the board come … view |
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Tuesday 29th January 2013 |
City Pub Company, Lavazza and Pubs ‘n’ Bars |
City Pub Company to launch £10m EIS fund-raising in next month: City Pub Company, the Enterprise Investment Scheme-backed company set up by David Bruce and Clive Watson, is to launch its next round of fund-raising, with a target of £10m … view |
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Monday 28th January 2013 |
Breaking News - Orchid Pub Company |
Orchid Pub Company creates new quality pubs division: Managed operator Orchid has created a new umbrella group of quality pubs called ‘Do Drop Inns’. A customer-facing name to identify the current Modern British pubs as part of a reco … view |
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Monday 28th January 2013 |
Breaking News - Sarumdale and Living Ventures |
Sarumdale administrator reports possible interest rate mis-selling claim against Barclays Living Ventures looks to raise £750,000 through individual investors Sarumdale administrator reports … view |
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Monday 28th January 2013 |
Barworks, McMullens and Gordon Ramsay |
YouGov poll – minimum pricing won’t help the pub: A YouGov poll commissioned by SABMiller shows that, contrary to the government’s claims of a boost to the industry, a 45p minimum price for alcohol will turn people away from pubs. Y … view |
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Friday 25th January 2013 |
Breaking News - St Austell Brewery, Harry Ramsden’s, Camerons |
St Austell Brewery buys cask beer company Harry Ramsden’s reports increased losses Camerons reports profits increase St Austell Brewery strengthens its position as the … view |
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Friday 25th January 2013 |
Breaking News |
Douglas Jack – Buy Enterprise Inns shares: Numis Securities analyst Douglas Jack has issued a Buy recommendation on Enterprise Inns shares with a Target Price of 110p ahead of a trading update next Thursday. He said: “Thursday’s (fi … view |
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Friday 25th January 2013 |
Friday Opinion |
Subjects: Galvanising managed operators, alcohol science and property déjà vu Authors: Paul Charity, Paul Chase and Neil Morgan view |
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Friday 25th January 2013 |
Carluccio’s, TGI Friday's and Wok&Go |
Story of the day:On-trade beer sales drop 4.8% in fourth quarter of 2012: Punishing tax hikes caused beer sales in the on-trade to drop by 4.8% in the fourth quart … view |
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Thursday 24th January 2013 |
Breaking News - Burger King in u-turn on horseburgers |
Burger King in u-turn on horseburgers: Burger King is to throw out millions of beef-burgers supplied by the horsemeat scandal firm — a few days after insisting it was unaffected, The Sun has reported. The Sun said: “Managers have been told … view |
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Thursday 24th January 2013 |
Black Sheep Brewery, McDonald’s and PizzaExpress |
Story of the day:Roger Whiteside quits as chief executive of Punch to take top job at Greggs; chief executive role to be left vacant for the time being: Punch Tave … view |
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Wednesday 23rd January 2013 |
Breaking News - Subway steps up VAT campaign |
Subway takes VAT campaign to Downing Street with 150,000 signature petition: Subway has stepped up its campaign to reverse the government’s position in imposing VAT on toasted sandwiches by delivering a 150,000-name petition to Downing … view |
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Wednesday 23rd January 2013 |
Antic, Fuller's and Spirit |
Story of the day:Spirits makes 17 redundancies as it re-shapes for the future: Managed pub company Spirit is making 17 head office redundancies as … view |
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Tuesday 22nd January 2013 |
Breaking News - Spirit unveils major changes |
Spirit unveils major changes to become UK’s number one hospitality company; scraps Original Pub Company brand; Local pubs to report into head of leased Chris Welham: Managed operator Spirit Pub Company has unveiled major changes today a … view |
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Tuesday 22nd January 2013 |
Costa, Marston's and Tavistock |
Story of the day:Marston’s reports like-for-likes up 5.8% in three key Christmas weeks; chairman David Thompson presides over last board meeting today: Midlands- … view |
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Monday 21st January 2013 |
Breaking News - Amber Taverns reports 16% like-for-likes |
Amber Taverns reports 16% increase in like-for-like sales over 12-day festive period; looking to add ten sites in 2013: Amber Taverns, the fast-growing wet-led pub company based in Preston and backed by LGV Capital, has reported like-for- … view |
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Monday 21st January 2013 |
Luminar, Marston’s and Wagamama |
Londonderry MP sets out the case for VAT reduction: The Northern Ireland MP who tabled a parliamentary motion last week calling for a reduction in VAT for the hospitality sector has set out the benefits of the move in Northern Ireland. Ma … view |
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Friday 18th January 2013 |
Breaking News - Welcome Break completes £350 refinance |
Welcome Break completes £350 refinance: Welcome Break, the UK motorway service area operator, has completed a £350m refinancing of its debt facilities. The refinancing was concluded via £221m of senior debt provided by eight lenders an … view |
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Friday 18th January 2013 |
Friday Opinion |
Subjects: Site focus, limitations of like-for-likes and maximising TripAdvisor Authors: Paul Charity, Paul Charity and Mark McCulloch The benefits of site focus by Paul CharityIn deepes … view |
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Friday 18th January 2013 |
Mitchells & Butlers, Stonegate and Wetherspoon |
Wetherspoon property case set for High Court return this month: The latest round of JD Wetherspoon’s long-running legal action over alleged property fraud is set to heard in the High Court at the end of this month. Two years ago, The Su … view |
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Thursday 17th January 2013 |
Breaking News - Antic subsidiary in administration |
Antic subsidiary placed in administration: A subsidiary company of highly regarded London pub operator Antic, Antic Limited, which runs a small number of leasehold sites, has been placed in administration with Chantrey Vellacott. The sites are … view |
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Thursday 17th January 2013 |
Individual Restaurants, McDonald’s and Wetherspoon |
1,000 capacity Mood nightclub forced to quit Edinburgh premises after Aviva Investors recruits buffet restaurant operator: Aviva Investors has served notice on the 1,000 capacity Mood nightclub in the Omni Centre, Edinburgh after recruit … view |
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Wednesday 16th January 2013 |
Breaking News - Tim Martin - "We’ve upped the tempo" |
Tim Martin – like-for-like sales increases flow from “upping our tempo”: JD Wetherspoon founder Tim Martin has claimed that 8% like-for-like sale increases in the most recent quarter result from the company “upping the tempo”. H … view |
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Wednesday 16th January 2013 |
Brasserie Blanc, JD Wetherspoon and Mitch Tonks |
Pub and restaurant like-for-likes up 2.1% in December: Britain’s pub and restaurant groups have reported better Christmas and New Year trading than a year ago – though not by much. Collective like-for-like sales for the six weeks up t … view |
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Tuesday 15th January 2013 |
Breaking News |
Costa Coffee launches new generation Costa Express machine Hop Back Brewery reports pub market tipping point Redcomb Pubs in talks on funding; plans up to five new openings in 2013 |
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Tuesday 15th January 2013 |
Balthazar, Redcomb Pubs and Spirit |
Spirit reports like-for-like sales up 5% over Christmas: Managed company Spirit has reported like-for-like sales grew 5% in the three weeks ending 5 January. On the first 20 weeks of its trading year, the company stated this morning: “O … view |
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Monday 14th January 2013 |
Breaking News - Molson Coors UK buys Irish craft brewery |
Molson Coors UK buys Irish craft brewery: Molson Coors UK & Ireland has bought the Franciscan Well craft beer brand and micro-brewery in Cork City, Republic of Ireland, and, this year, will be developing a new 75,000HL (150,000 keg) craft … view |
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Monday 14th January 2013 |
Gary Rhodes, Giraffe and Greene King |
Greene King reports record Christmas sales: Suffolk-based Greene King has reported record Christmas sales. Chief executive Rooney Anand said this morning: “Our strong momentum has been maintained over the last six weeks. We achieved rec … view |
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Friday 11th January 2013 |
Friday Opinion |
Subjects: Prohibition by stealth, the funding dilemma and the challenge of 2013 Authors: Paul Chase, Richard Hamlin and Paul Wells Prohibition by stealth by Paul ChaseWhen challenged over … view |
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Friday 11th January 2013 |
Brewdog, El Mexicana and Prezzo |
Demand in central London so high landlords are buying tenants out of leases as boom conditions arrive: Demand for quality restaurant sites in central London is so high that landlords are buying tenants out of their leases to replace them … view |
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Thursday 10th January 2013 |
Hydes, Pesto and Wagamama |
Pesto plans ten openings this year; adds board members: The Italian restaurant group Pesto Restaurants, founded by La Tasca creator Neil Gatt and his partner Sara Edwards, is planning to open ten or more Pesto in the Pubs this year. The … view |
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Wednesday 9th January 2013 |
Breaking News - Atmosphere chief executive steps down |
Atmosphere Bars and Clubs chief executive Harbottle to step down; Searcys’ boss Christian Rose to replace him: Atmosphere Bars and Clubs chief executive Paul Harbottle is to leave the business on 19 January after two years at the helm. The c … view |
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Wednesday 9th January 2013 |
Camerons, Domino’s and Restaurant Group |
JD Wetherspoon rolls-out premium food presentation style: JD Wetherspoon has embarked on a radical change to the style of its food presentation. Morning Briefing understands the company is experimenting with a much more premium presentati … view |
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Tuesday 8th January 2013 |
Breaking News - La Tasca to open independent tapas bar |
La Tasca to open independent tapas bar: La Tasca Restaurants will unveil the first of its new independent format tapas bars, called Bellota, later this month in Brighton. Bellota will incorporate the UK’s first standalone Cava Bar, in p … view |
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Tuesday 8th January 2013 |
Breaking News - 2013 could be year for consolidation |
Jamie Rollo – 2013 could be the year for sector consolidation: Morgan Stanley leisure analyst Jamie Rollo has argued that 2013 could be the year that sees sector consolidation. He said: “The managed pub sector is relatively fragmented … view |
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Tuesday 8th January 2013 |
Boston Tea Party, Papa John's and TGI Friday’s |
Papa John’s teams up with Welcome Break: Pizza delivery franchise Papa John’s has teamed up with Welcome Break to open eleven pizza outlets across the UK’s motorway network. Papa John’s is now serving up pizza to motorway travelle … view |
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Monday 7th January 2013 |
Breaking News - Kornicis reports Ebitda up 17 per cent |
Jamies wine bar operator Kornicis reports strong growth pipeline and Ebitda up 17 per cent: City of London-based operator of Jamies, Smollensky’s and Henry J Bean’s, Kornicis, headed by Nick Tamblyn, has reported a pre-tax profit of £841, … view |
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Monday 7th January 2013 |
Breaking News |
Wolseley operator Rex Restaurant Associates reports losses as it geared up for expansion: Rex Restaurant Associates, which operates the Wolseley on Piccadilly and The Delaunay on Aldwych and is led by Chris Corbin and Jeremy King, has reported … view |
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Monday 7th January 2013 |
Be At One, Beds and Bars and Gourmet Burger Kitchen |
Be At One Group reports turnover up, Ebitda down as it gears up for expansion: London-based cocktail specialist Be At One, in which Piper Private Equity acquired a significant minority stake in October 2011, has reported a year of reduce … view |
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Friday 4th January 2013 |
Breaking News |
Oakman Inns and Restaurants reports year of progress Anglian Country Inns reports turnover nears £5m Grand Union Bars reports 13 per cent like-for-like growth in December Oakm … view |
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Friday 4th January 2013 |
Admiral Taverns, InnBrighton and Spirit |
US private equity firm buys Lloyds Banking Group stake in Admiral Taverns: US private equity firm Cerberus Capital Management has bought Lloyds Banking Group’s majority stake in tenanted pub operator Admiral Taverns for an estimated £2 … view |
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Thursday 3rd January 2013 |
Breaking News |
Joule’s to add nine pubs with £1m of funding; InnBrighton adds iconic Brighton pub; Walkabout operator Intertain reports like-for-likes up 8.6 per cent in December. Joule’ … view |
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Thursday 3rd January 2013 |
Red Hot World Buffet and December trading |
Red Hot World Buffet to open flagship £2.7m site with 27,000 square feet of space later this month: Red Hot World Buffet will open a £2.7m site, occupying 27,000 sq ft, in Nottingham’s Cornerhouse complex on 24 January. The 500-seater … view |
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Wednesday 2nd January 2013 |
Breaking News: TCG withdrawn from the market |
TCG reports 2.5 per cent like-for-like sales increase in December; reports sale off the agenda: Managed operator TCG has reported like-for-like sakes were up 2.5 per cent in December. News of December trading comes as the company also reports … view |
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Wednesday 2nd January 2013 |
Breaking News - December trading updates |
Ego Restaurants reports like-for-likes up 14 per cent: Ego Restaurants, led by James Horler, has reported like-for-like sales growth of 14 per cent at its eight suburban restaurants in December. Business was boosted by creating two price- … view |
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Wednesday 2nd January 2013 |
Arkell’s, Bill’s Restaurants, December trading |
Two companies report December trading figures; Christmas Day provides growth: Two food-led companies have provided the first reports on the all-important December trading period. Oakman Inns and Restaurants, led by Peter Borg-Neal, has re … view |
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