Monday 30th September 2013 |
ETM to add two more after £2m opening |
ETM Group to add two more sites after £2m Canary Wharf opening: ETM Group, the London gastro operator co-founded by brothers Ed and Tom Martin, will unveil two more London sites after the £2m opening of its flagship Canary Wharf site, One Ca … view |
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Monday 30th September 2013 |
Jongleurs firm collapses after site closures |
Jongleurs firm collapses after site closures: Jongleurs operator Momo Leisure, which ran five comedy clubs, has collapsed into administration after losing two sites which it sub-leased from operators that have gone under. Momo Leisure ran site … view |
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Monday 30th September 2013 |
Tax Parity Day – the verdict |
Tax Parity Day – the verdict: As many as 15,000 pubs and restaurants took part in Tax Parity Day last Wednesday, reducing prices by 7.5% to show the benefits to customers of lower VAT in the sector. Below, campaign organiser Jacques Borel an … view |
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Monday 30th September 2013 |
Cabana, Costa, Home House, M&B, Shepherd Neame |
Ex-Leon pair launch pub venture inspired by 1830s beer houses: Benny Peverelli and Richard Holmes, formerly executive chef and head of operations respectively at Leon, are opening a pub in Cambridge called Pint Shop that they say is inspired b … view |
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Sunday 29th September 2013 |
Itsu reports 22% turnover growth but reduced margins |
Itsu reports 22% turnover growth but reduced margins: Itsu, the healthy eating chain set up by Pret A Manger founder Julian Metcalfe and led by Gavin Loughran, has today filed accounts at Companies House showing turnover rose 22% to £45,246,2 … view |
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Friday 27th September 2013 |
Friday Opinion |
Subjects: Personal licences, cask ale threat and the latest social media thinking Authors: Tim Hulme, Martyn Cornell and Ann Elliott The personal licence is the cornerstone of responsible retailing … view |
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Friday 27th September 2013 |
Friday |
Body Text Here … view |
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Friday 27th September 2013 |
Cask Report, M&B slowdown, Orchid results and Rick Stein |
Orchid Pub Company reports rise in turnover per pub: Orchid Pub Company, which currently operates 232 pubs, has reported EBITDA of £29.3m on turnover of £178.8m in 2012. The company saw average weekly sales rise to £14,100 per pub from … view |
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Thursday 26th September 2013 |
Punch reports operational progress |
Punch reports operational progress: Punch Taverns has reported underlying financial performance in line with guidance to analysts with EBITDA of £216 million (2012: £238 million) in the 52 weeks to 17 August. Profit before tax was £49 milli … view |
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Thursday 26th September 2013 |
M&B reports sales down in fourth quarter |
Mitchells & Butlers reports like-for-likes down 1% in nine weeks to 21 September: Mitchells & Butlers has reported like-for-like sales dropped 1% in the nine weeks to 21 September, with food like-for-likes down 0.1% and drink like-for-lik … view |
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Thursday 26th September 2013 |
Chicago Rib Shack, Greene King, McDonald's and Wahaca |
Downing looks to invest in vertically integrated brewer and pub operators: The active sector investor Downing is looking to spread its pub sector investments by backing a vertically integrated brewer and pub operator. Downing has more th … view |
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Wednesday 25th September 2013 |
Loungers boss hits out at licence hurdle |
Loungers boss attacks ‘cumulative impact’ policy after Truro win and Liverpool defeat: Loungers managing director Alex Reilley has attacked local authorities’ handling of “cumulative impact” policies in licensing hearings, after his … view |
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Wednesday 25th September 2013 |
Burger King, Glendola, M&B, Pret and Tax Parity Day |
Geof Collyer – Mitchells & Butlers Crown Carveries’ estate could be down in like-for-like terms by double digits: Deutsche Bank analyst Geof Collyer has claimed that the performance of Mitchells & Butlers (M&B) could be getting dragge … view |
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Tuesday 24th September 2013 |
Breaking News - Third Clink restaurant is unveiled |
Third Clink restaurant is unveiled: HMP Brixton and The Clink Charity have been granted planning permission to convert the old Governor’s house at the south London prison, used recently as administration offices within the grounds of th … view |
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Tuesday 24th September 2013 |
Beer sales, Bravo, Carluccio's, franchising and M&B |
On-trade beer volumes slip as off-trade prices fall: On-trade beer volumes overall fell 4.3% year-on-year in August, the latest figures show, despite good weather during the month, as pubs and bars struggled against falling off-trade pric … view |
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Monday 23rd September 2013 |
Cosmo, Itsu, Restaurant Group, Spirit and Starbucks |
Julian Metcalfe – Itsu has more potential than Pret A Manger: Julian Metcalfe has claimed that Itsu could grow to be a bigger business than Pret A Manger, which he previously co-founded. Itsu, which has annual sales of £55m including r … view |
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Friday 20th September 2013 |
Friday Opinion |
Subjects: VAT realities, personal licences, beer snobs and localism versus parochialism Authors: Tim Martin, Paul Charity, Jean-Paul Russek and Paul Chase Waking up to the realities by Tim Martin … view |
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Friday 20th September 2013 |
Tim Martin, Punch, Spirit, Wagamama and William Reed |
Tim Martin – VAT campaign is building huge momentum and will gain more publicity for the sector than any other event in 30 years: JD Wetherspoon founder Tim Martin has argued that momentum is increasing around the campaign to reduce VAT … view |
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Thursday 19th September 2013 |
Holt's, M&B, Pizza Hut, Punch Taverns and Starbucks |
Research finds more customers ordering tap water in pubs and restaurants: The market research company HIM! has found an increase in the number of customers ordering tap water with their meals in pubs and restaurants in the past year. The … view |
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Wednesday 18th September 2013 |
Breaking News - Rupert and Jo Clevely launch new pub venture |
Rupert and Jo Clevely launch new pub venture: The founders of Geronimo Inns, Rupert and Jo Clevely are to open a new project in the heart of Brighton. They have formed Greenwell & Tipple, which will be built on the foundations of their 18 … view |
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Wednesday 18th September 2013 |
Rent reviews, Fuller's, Orchid, Luminar and Starbucks |
Fleurets rent survey reveals majority of rent reviews agreed at zero uplift: The annual Fleurets rental survey has found that a large proportion of reviews, particularly those with upward only review clauses, are being agreed at zero upli … view |
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Tuesday 17th September 2013 |
Breaking News - JDW's Tim Martin takes swipe at company rules |
Tim Martin – corporate governance rules don’t always serve shareholders well; bonuses linked to targets are a bad thing: JD Wetherspoon founder Tim Martin has outlined the dangers of strictly observing corporate governance guidelines. … view |
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Tuesday 17th September 2013 |
Convivial, Costa, Living Ventures, Greene King and Tax Parity Day |
McMullen pledges support for Tax Parity Day: Hertford-based brewer and pub operator McMullen has joined Tax Parity Day on Wednesday 25 September. The campaign focuses on the damage caused by the inequality of the VAT burden on pubs (20% o … view |
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Monday 16th September 2013 |
Amber Taverns, Chiptole, Giraffe and M&B |
ALMR – Home Office plan on personal licences could prove more onerous: The Association of Licensed Multiple Operators has warned that Home Office plans to abolish the national system of personal licences in favour of beefed-up local aut … view |
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Saturday 14th September 2013 |
Breaking News - Results special: Tim Martin on VAT, openings and his son |
JD Wetherspon founder and chairman Tim Martin attended his first company results meeting since 2003 yesterday. His appearance was to publicise Tax Parity Day on Wednesday 25 September, when prices will be cut at JD Wetherspoon pubs – and a … view |
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Friday 13th September 2013 |
Friday Opinion |
Subjects: Greene King versus Mitchells & Butlers, new-generation beer retailing, farm shops and outdoor space Authors: Paul Charity, Martyn Cornell, Ann Elliott and Martin Dinkele Could Greene King … view |
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Friday 13th September 2013 |
JD Wetherspoon reports slowdown in like-for-like sales |
JD Wetherspoon reports like-for-like slowdown: JD Wetherspoon has reported like-for-like sales grew 5.8% in the 52 weeks to 28 July. Like-for-like sales growth reduced to 3.6% in the six weeks to 8 September and were 2.5% up in the most r … view |
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Friday 13th September 2013 |
David Singleton, Dunkin' Donuts, Greene King and Starbucks |
Travelodge criticised over misleading £39 London bedrooms advert: The budget hotel chain Travelodge has been criticised by the Advertising Standards Authority for a spring promotion in which it claimed to offer rooms in central London fr … view |
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Thursday 12th September 2013 |
Cote 'might have raised more money with IPO' says analyst |
Cote 'might have raised more money with IPO' says analyst: Numis Securities analyst Douglas Jack said today that the merger and acquisitions market in the hospitality sector is now the most active it has been since 2007. However, he questioned … view |
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Thursday 12th September 2013 |
Benugo, Cote, McDonald's, Stonegate and YO! Sushi |
Indian restaurants in crisis over immigration rules: As the government announced changes to UK immigration rules to make them more business-friendly, entrepreneurs running Indian restaurants say the existing rules are preventing them from … view |
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Wednesday 11th September 2013 |
Pub entrepreneur becomes chairman of Truman's brewery |
Pub entrepreneur becomes chairman of Truman's brewery: Malcolm Heap, founder and former managing director of Realpubs, which was sold to Greene King for £53.1m in 2011, is now chairman of one of London's newest brewers. Heap, who is a silent … view |
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Wednesday 11th September 2013 |
Bramwell, Pret, McDonald's, Ed Martin and August sales |
Pubs and restaurants see sales up 1.9% in August; pubs do better with 2.5% sales growth: Britain’s pub and restaurant groups saw collective like-for-like sales grow 1.9% in August compared to the same month last year, according to lates … view |
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Tuesday 10th September 2013 |
Breaking News - Whitbread delivers 2.1% sales growth |
Whitbread delivers 2.1% sales growth: Whitbread has reported like-for-like sales growth of 2.1% in 11 weeks to 15 August with total sales up 10.8%. Premier Inn and Costa Coffee were up 3% while pub restaurant sales dropped 0.2%. Chief executiv … view |
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Tuesday 10th September 2013 |
Steve Hill, ETM Group, Pizza Hut, TLC Inns and Wagamama |
Steve Hill to become chief executive of Las Iguanas: Former Wagamama chief executive Steve Hill has become chief executive designate and non-executive director of Latin American restaurant chain Las Iguanas. Hill is expected to take over … view |
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Monday 9th September 2013 |
Bulldog, Costa, Harris + Hoole, Stonegate and Whitbread |
Quick-service outlets see customer satisfaction rise as full-service restaurants slip: Customer satisfaction with quick-service restaurants in the UK is as high as it is for full-service restaurants for the first time since surveys began … view |
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Friday 6th September 2013 |
Breaking News - KFC shames Starbucks with £25m two year tax contribution |
Kentucky Fried Chicken reports turnover up, profit down in the UK: Kentucky Fried Chicken, which is owned by US-based Yum Brands, has reported turnover rose to £423,345,000 in the UK in the year to 2 December 2012, up from £394,244,000 in th … view |
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Friday 6th September 2013 |
Friday Opinion |
Subjects: Two beer camps, accelerating growth, reinventing brands and the health agenda Authors: Martyn Cornell, Jason Katz, Kevin Todd and Paul Chase A tale of two beer festivals: GBBF versus LCBF … view |
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Friday 6th September 2013 |
Cains, Gaucho, JW Lees, M&B and McDonald’s |
Mitchells & Butlers offers Toby Carvery as a case study of how it understands the market: Mitchells & Butlers has hosted City analysts to a briefing on how it understands the market through research - using Toby Carvery as a case study. T … view |
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Thursday 5th September 2013 |
Breaking News - Spirit 4th quarter results / Enterprise launches bond offer |
Spirit reports strong final quarter results: Spirit Pub Company has reported like-for-like sales growth of 4.1% in its managed pubs in the fourth quarter to 17 August – food sales were up 4.7% and drinks sales were up 2.8%. The company descr … view |
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Thursday 5th September 2013 |
Business rates, Nando’s, Prezzo, Spirit and JD Wetherspoon |
British Property Foundation - we’re paying far too much in business rates: The British Property Federation (BPF) has backed veteran retailer Bill Grimsey’s call for a “root and branch” review of business rates, as analysis of Euro … view |
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Wednesday 4th September 2013 |
Breaking News - ZaZa Bazaar takes 17,000 sq ft in Newcastle’s Gate |
ZaZa Bazaar takes 17,000 sq ft in Newcastle’s Gate: ZaZa Bazaar, whose Bristol “world buffet” restaurant is the biggest in the UK, has taken a lease on a 17,000 square foot unit in the Gate development in Newcastle upon Tyne. Hannah Miln … view |
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Wednesday 4th September 2013 |
Breaking News - Ernst & Young Luminar administration earnings top £5m |
Ernst & Young Luminar administration earnings top £5m: Ernst & Young has now earned more than £5m from the administration of the UK’s largest nightclub company. In a report filed this week at Companies House Ernst & Young reported total ea … view |
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Wednesday 4th September 2013 |
Five Guys, Greene King, Living Ventures and Prezzo results |
Prezzo to open 30 restaurants this year; July heat moderated growth rate: Prezzo, the restaurant company led by Jonathan Kaye, will open 30 restaurants in 2013, with 23 of these coming in the second half of this year. The company reported … view |
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Tuesday 3rd September 2013 |
Breaking News - DHP Family to open major East London music venue |
DHP Family to open major East London food and music venue: Music venue operator and promoter DHP Family is to launch its first London venue, Oslo, at a 7,000 square feet site next to Hackney Central train station – a new 15 year lease h … view |
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Tuesday 3rd September 2013 |
Breaking News - Greene King and Punch Taverns trading updates |
Greene King managed like-for-likes up 4.6%: Greene King has reported that managed like-for-like sales are up 4.6% in the 18 weeks to 1 September. The difficult comparatives of the Jubilee and the European football last year were offset by the … view |
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Tuesday 3rd September 2013 |
Simon Rogan, M&B, Nando's, Pret A Manger and YO! Sushi |
Simon Rogan’s L’Enclume named by Good Food Guide as UK’s top restaurant: Chef Simon Rogan’s Cumbrian restaurant, L’Enclume, has achieved the top spot in Waitrose Good Food Guide 2014 for the very first time. Restaurants in the G … view |
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Monday 2nd September 2013 |
Breaking News - Spirit lines up second premium London Opening |
Spirit lines up second premium London opening: Spirit Pub Company will open its second premium London pub later this month after the successful conversion of the George pub in Belsize Park, a Taylor Walker site, earlier this year. The Crickete … view |
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Monday 2nd September 2013 |
Greene King, Heineken, new breweries, TLC Inns and Tortilla |
Heineken reports UK market share gain and doubled operating profit: Heineken, the UK’s largest brewer, has reported that it gained 60 basis points of market share in the UK in 2012. Operating profit for the year increased from £33.3m t … view |
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