Finance – Page 180
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News
H1 PBT up 28% at Heavitree
Heavitree Brewery, the Exeter-based tenanted pub operator, has reported a 28% increase in pre-tax profit to £505k for the six months to 30 April 2016
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News
D&M acquires Corney & Barrow Bars
Drake & Morgan, the Bowmark Capital-backed group, has announced the acquisition of the 11-strong Corney & Barrow Bars business
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NewsCaledonia to acquire Liberation Group for £118m
Caledonia Investments has acquired Liberation Group, the Channel Islands-based brewer and pub operator,from LGV Capital, in a deal valued at £118m.
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NewsBe At One Q1 lfls up 9%
Be At One, the Piper-backed cocktail bar chain, saw its like-for-like sales increase 9% in the first three months of its current financial year to the end of June
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News
GBK eyes further expansion in Ireland
GBK has bought back its Irish franchise rights from local businessman Graeme Beere as it looks to add further sites to its five-strong estate in the country
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NewsAdjusted H1 EBITDA up 21% at Stonegate
Stonegate has reported a 21% increase in adjusted EBITDA to £50.2m for the 28 weeks to 10 April 2016, with total revenue up 12.8% to £342m
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News
Fuller’s acquires The Gun from ETM
Fuller’s has further strengthened its managed pub estate with the acquisition of The Gun in London’s Docklands from the ETM Group for an undisclosed sum
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NewsSt Austell acquires Bath Ales
St Austell Brewery has strengthened its South West portfolio with the acquisition of fellow West Country brewer and pub company, Bath Ales for an undisclosed sum
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News
Prime London sites acquired in £13.5m deal
A pair of central London-based pubs have been acquired for £13.5m by a private European investor from a client fund of TH Real Estate,
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News
Neighbourhood concept operators secure growth funding
The company behind North West-based brand Neighbourhood is set to expand after private equity firm NorthEdge Capital provided a multi-million pound injection of development capital
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NewsRevolution pulls out of Edinburgh deal over Brexit
Revolution Bars Group announced yesterday that it had terminated discussions regarding a proposed c£16m acquisition of four bars in Edinburgh
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News
Manfield Partners duo back new Provincial venture
Bill Gore and Jack Terras, partners at former WaverleyTBS backer Manfield Partners, are backing new venture Provincial Hotels and Inns
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News
National Restaurant Award winners 2017 revealed
The Sportsman in Kent has been named the UK’s best restaurant in the 2017 National Restaurant Awards.
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News
Temperley chair takes stake in Rum Kitchen
Fabrizio Zappaterra, the chairman of fashion business Temperley London, has taken a stake in Rum Kitchen
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News
Revolution in talks on £16m Scottish package
Revolution Bars Group this morning announced it is in discussions regarding the acquisition of four bars in Edinburgh, in a deal value at £16m
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Opinion
10 things to consider in light of Brexit
Dan Tench and Alicia Videon of international law firm Olswang set out ten things companies should be considering in light of the UK’s vote to leave the European Union
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NewsFord: We’d been toying with having a second brand
Gerry Ford, chairman of Caffe Nero, says company has been “toying” with having a second brand for some time
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NewsMartin: Brexit economy fears misplaced
JD Wetherspoon founder and prominent Brexit campaigner, Tim Martin, has said anxiety about the economic effects of leaving the EU will prove to be misplaced.
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News
Ex-Soho House director sets up investment fund
Chris Miller, who stepped down as commercial director of Soho House Group earlier this year, has set up his own investment vehicle
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News
Brighton property housing Jamie’s sold for £17m
Strathclyde Pension Fund has acquired a mixed-use property in Brighton for £17m, in an off-market transaction