Friday 28th February 2014 |
Friday Opinion |
Subjects: An evergreen business model, focus group buzz, Early Morning Restriction Orders and the argument for craft beer producers to ditch supermarkets Authors: Martyn Cornell, Ann Elliott, Kate Nicholls and Steve Nuttall … view |
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Friday 28th February 2014 |
Breaking News - Punch outlines dates for administrative receivership |
Punch outlines dates for administrative receivership: Punch Taverns has issued a timetable for putting itself into administrative receivership should it be unable to agree a consensual restructuring of its debts, held in two securitisation veh … view |
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Friday 28th February 2014 |
Propel Friday News Briefing |
Better burger branded boom bottoms out in the US: Influential US magazine Restaurant Finance Monitor has questioned whether the branded better burger boom in the US is fizzling out after lacklustre performances from a number of major play … view |
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Thursday 27th February 2014 |
Cafe Rouge owner sees losses climb |
Cafe Rouge owner sees operating profits fall 13% as losses climb: Tragus Group, owner of the Cafe Rouge, Bella and Strada chains, saw operating profits for the 53 weeks to 2 June 2013 fall 12.9% to £34.59m from £39.71m in the 52 weeks to 27 … view |
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Thursday 27th February 2014 |
Breaking News - Whitbread reports 6.8% like-for-likes |
Whitbread reports 6.8% like-for-like growth: Whitbread has reported 6.8% like-for-like sales growth in its 11-week fourth quarter to 13 February. The sales growth is an acceleration of full-year trends in the 50 weeks to 13 February, whic … view |
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Thursday 27th February 2014 |
Propel Thursday News Briefing |
Sector lines are blurring as operators morph: The eating-out market is changing and traditional segmentation lines are blurring, four casual dining pioneers argued at the Casual Dining show in Islington, London yesterday. While the trade … view |
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Wednesday 26th February 2014 |
Breaking News - Small brewers report 7.9% rise in volumes |
Small brewers report 7.9% rise in volumes: Independent brewers are reaping the benefits of the scrapping of the beer duty escalator in last year’s Budget with increased sales. According to Beer Report 2014, published today by the Society of … view |
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Wednesday 26th February 2014 |
Breaking News - Restaurant Group reports 3.5% rise in like-for-likes |
Restaurant Group like-for-likes up 3.5%: The Restaurant Group, which operates 440 restaurants and pubs, has reported like-for-like sakes grew 3.5% in the eight weeks to 23 February with total sales up 10%. Total sales grew 9% to £580m in … view |
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Wednesday 26th February 2014 |
Propel Wednesday News Briefing |
15 branded Bristol restaurants join forces to offer deals: A total of 15 branded restaurants in the Cabot Circus area of Bristol have joined forces to offer diners a deal. The Come Dine with Cabot campaign offers customers special deals o … view |
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Tuesday 25th February 2014 |
Propel Tuesday News Briefing |
A Red tape costs government £3m in lost taxes as McMullen opens new-build: Hertford-based McMullen has opened its first new-build pub in 25 years in Milton Keynes – The Prince George. But the project has taken six years to come to frui … view |
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Monday 24th February 2014 |
Breaking News - Horizons: Pubs close pricing gap with restaurants |
Horizons – food prices in pubs close gap with restaurants: Eating out in a pub is becoming more expensive with menu prices increasing year-on-year, according to the latest Menurama research from foodservice expert Horizons. The biannual Menu … view |
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Monday 24th February 2014 |
Breaking News – Opinion Special: Tim Martin on saving pubs |
Saving the pub will take sensible taxes and sensible business models by Tim Martin“Who killed Cock Robin? I, said the sparrow, with my bow and arrow, I killed Cock Robin…” Unlike the sparrow, no one has stepped forward to accept b … view |
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Monday 24th February 2014 |
Propel Monday News Briefing |
Jamie Rollo – managed pubs worst hit by a 5% rise in wage bill through National Minimum Wage: Morgan Stanley leisure analyst Jamie Rollo has argued that the UK’s managed pub operators would be worst hit by a 5% rise in their wage bill … view |
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Sunday 23rd February 2014 |
Sunday Breaking News |
Patisserie Valerie prepares for float: Patisserie Valerie is planning a float that would value the company at more than £150m, according to The Sunday Times. A listing would deliver a large profit to Risk Capital, the investment business … view |
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Friday 21st February 2014 |
Friday Opinion |
Subjects: Debt versus equity, landlords and tenants, liberty and public health and reinventing the wheel in Nottingham Authors: Martyn Cornell, Stephen Evans, Paul Chase and Matt Shelton Debt versu … view |
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Friday 21st February 2014 |
Propel Friday News Briefing |
Giggling Squid founder criticises VAT non-enforcement: Andy Laurillard, founder of the Thai restaurant chain Giggling Squid, has criticised VAT non-enforcement, claims his company is undercut 20% by restaurants not paying VAT. He reports … view |
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Thursday 20th February 2014 |
Breaking News - Le Pain Quotidien reports profit boost in 2013 |
Le Pain Quotidien reports increase in profits in 2013: Belgian bakery chain Le Pain Quotidien has reported UK pre-tax profit rose to £802,887 in the year to 29 December 2013 compared to £585,108 the year before. Sales rose 3.9% to £30, … view |
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Thursday 20th February 2014 |
Breaking News - NPD - doughnuts lead UK snacking growth categories |
NPD – doughnuts lead UK snacking growth categories: Doughnuts were the fastest growing UK ‘out of home’ snack items in the year ending December 2013, growing by 11.1% servings compared to the previous year, new research by insights firm … view |
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Thursday 20th February 2014 |
Propel Thursday News Briefing |
Hakkasan buys US nightclub company as its eyes development of “multi-faceted global lifestyle brand”: Hakkasan Group, the company that was founded in London’s Hanway Place in 2001 and runs eponymous Michelin-starred Cantonese restau … view |
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Wednesday 19th February 2014 |
Propel Wednesday News Briefing |
BrewDog woos Europe’s top beer bloggers with five-star visit to brewery: BrewDog has flown ten top beer writers and bloggers from Europe and the UK to its brewery in Elen, Aberdeenshire in a charm offensive. The writers on Monday’s tr … view |
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Tuesday 18th February 2014 |
Propel Tuesday News Briefing |
Nick Batram – Domino’s franchisees done less well that the company since 2007: Peel Hunt leisure analyst Nick Batram has argued that the traditional split of profit between Domino’s UK and its franchisees – one third to two-thirds … view |
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Monday 17th February 2014 |
Propel Monday News Briefing |
Allegra – foodservice market will grow by 3% in the coming year: Insights firm Allegra Foodservice has found that emerging fast food concepts, coffee shops and the further proliferation of the street food movement will be the sales grow … view |
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Friday 14th February 2014 |
Friday Opinion |
Subjects: Blackpool’s EMRO, excessive feedback, great experiences from the front-line and opening on Christmas Day Authors: John Gaunt, David Martin, Ann Elliott and Alastair Scott Early Morning … view |
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Friday 14th February 2014 |
Propel Friday News Briefing |
Olympic legacy produces record number of visitors to the UK: The UK has begun to reap the legacy of the London Olympics in 2012 with a record number of visits by overseas residents last year, with foreign tourist spending during their tri … view |
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Thursday 13th February 2014 |
Propel Thursday News Briefing |
Punch Taverns bondholders to table debt-for-equity swap: Punch Taverns’ bondholders are weeks away from presenting their own plan to restructure the company, involving a major debt-for-equity swap. A major bondholder group, which repres … view |
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Wednesday 12th February 2014 |
Breaking News - Punch withdraws restructuring proposals |
Punch withdraws restructuring proposals: Punch Taverns has withdrawn its restructuring proposals “following feedback from a range of stakeholders”. The company looked to be on a collision course with bondholders over a vote on its res … view |
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Wednesday 12th February 2014 |
Propel Wednesday News Briefing |
Pub and restaurant groups report 7.2% like-for-like January sales jump: Pub and restaurant groups enjoyed an upbeat start to 2014, thanks to the weather. Collective like-for-like sales were up 7.2% on January 2013, a month that was badly … view |
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Tuesday 11th February 2014 |
Breaking News - MPs call for reduction in VAT for tourism industry |
MPs call for reduction in VAT for tourism industry: A number of MPs have called on the Government to reduce VAT for the tourism sector in a debate held this morning in Westminster Hall. Margaret Ritchie, MP for South Down, who won the debate a … view |
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Tuesday 11th February 2014 |
Propel Tuesday News Briefing |
Cold weather sends US sales down by 3.3% for McDonald’s; strong in Europe: McDonald’s has reported better-than-expected global sales at established restaurants for January as gains in Europe and China helped the company offset a sharp … view |
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Monday 10th February 2014 |
Breaking News - Irish Examiner: M&B looks to enter Irish market |
M&B examines entry into Irish market: Mitchells & Butlers (M&B) is sizing up expansion opportunities across Ireland, with up to six potential locations already thought to have been identified in Cork and Dublin, the Irish Examiner has rep … view |
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Monday 10th February 2014 |
Propel Monday News Briefing |
Shimla Pinks bought in pre-pack after collapse: The upmarket Indian restaurant Shimla Pinks in Broad Street, Birmingham has been sold in a pre-pack deal after administrators were bought in last month. The restaurant’s owner, Grillfair L … view |
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Saturday 8th February 2014 |
Breaking News - Results: Corney & Barrow, SSP UK, Di Maggio’s |
Corney & Barrow reports disappointing year: London wine bar operator Corney & Barrow has reported a disappointing year with a 7% drop in like-for-likes sales that followed an 11% drop the year before – headline sales were down 3%. The c … view |
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Friday 7th February 2014 |
Friday Opinion |
Subjects: Tax policy, the VAT campaign, ‘purpose’ in business and new forms of addiction Authors: Tim Martin, Luke Johnson, Simon Wright and Paul Chase Why Ted Tuppen is targeting the wrong tax … view |
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Friday 7th February 2014 |
Propel Friday News Briefing |
Batemans launches “momentous” raft of new craft beers and rebrands: Innovative family brewer and retailer Batemans, winner of the Sainsbury’s Great British Beer Hunt for the past two years, has marked its 140th birthday by launching … view |
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Thursday 6th February 2014 |
Breaking News - Enterprise appoints Adam Fowle as non-executive |
Adam Fowle becomes Enterprise Inns non-executive: Adam Fowle, the former Mitchells & Butlers chief executive and current chief executive of Tesco Family Dining Group, has been appointed a non-executive at Enterprise Inns. His arrival come … view |
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Thursday 6th February 2014 |
Propel Thursday News Briefing |
Punch creditors draft alternative plan: Punch Taverns bondholders are working on an alternative plan to restructure the company’s debt pile. It has emerged that Rothschild, which is advising an Association of British Insurers’ commit … view |
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Wednesday 5th February 2014 |
Breaking News - Loungers results/tube strike discounts |
Cafe Loungers – costs ‘well-controlled’ in year sales rose 47%: Cafe bar concept Loungers, led by Alex Reilley and Jake Bishop and backed by Piper Private Equity, has reported costs were ‘well-controlled’ as turnover rose 47% to … view |
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Wednesday 5th February 2014 |
Breaking News - Punch chairman – failure to restructure will lead to default |
Punch chairman – failure to restructure will lead to default: Punch Taverns chairman Stephen Billingham has issued a stark warning to its bondholders – a failure to restructure the company will lead to default on its securitisations. He de … view |
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Wednesday 5th February 2014 |
Propel Wednesday News Briefing |
Drake & Morgan launches Facebook booking app: London-based bar and restaurant group Drake & Morgan has launched its very own Facebook booking app to make bookings seamless with customers’ online social networking. Helping to create an i … view |
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Tuesday 4th February 2014 |
Breaking News - Inventive refinance/M&B senior resignation |
Inventive Leisure reports successful re-finance: Inventive Leisure, the Revolution vodka bar operator, has reported the successful re-financing of its bank facilities, following continued strong trading in December and the roll-out of its … view |
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Tuesday 4th February 2014 |
Propel Tuesday News Briefing |
Artisan Burger Co reveals rewards scheme for investors: The fledgling better burger concept Artisan Burger Co has unveiled a rewards scheme for investors. The company is looking to raise £240,000 in return for 15% of its equity through … view |
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Monday 3rd February 2014 |
Breaking News - Paveley steps down at Admiral Taverns |
Paveley steps down at Admiral Taverns: Jonathan Paveley has decided to step down as executive chairman of Admiral Taverns after leading the business for four years. The group has appointed John Sands as non-executive chairman and Kevin Ge … view |
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Monday 3rd February 2014 |
Propel Monday News Briefing |
Sector set for strong January results as companies report robust like-for-likes: The sector looks likely to have seen very strong January trading as smaller companies begin to report robust like-for-likes in the month, driven by the snow- … view |
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