All Fuller’s articles – Page 25
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NewsFuller's FY adjusted PBT grows 10%
Fuller’sFuller’s, the London-based brewer and pub operator, has reported a 10% rise in adjusted pre-tax profits to £34.1m in the year to 29 March, driven by its managed estate, which saw like-for-like growth of an “industry leading” 8.3%
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NewsStatutory code has little effect on pubco share prices
Yesterday’s news that the Government is to introduce a statutory code and adjudicator into the pubco/tenant relationship had little impact on the movement of shares among listed pub groups that operate tenanted and leased outlets
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NewsIndustry responds to statutory code proposal
British Beer & Pub Association chief executive Brigid Simmonds says it’s a “huge relief” that the Government has chosen not to introduce mandatory free-of-tie or guest-beer options into the pubco/tenant relationships, although she criticised the “disproportionate” cost of an adjudicator
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Fuller Thomson on the acquisition trail
Scottish pub group Fuller Thomson is close to securing its sixth site which is due to open in early 2015 in Edinburgh as part of a plan to open five sites in the next five years, M&C Report has learnt
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NewsOperators outline Responsibility Deal progress
Operators from the eating and drinking out sector have taken further steps to adhere to targets under the Public Health Responsibility Deal with the Government through means such as reducing salt and calorie content of foods and avoiding underage alcohol sales
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NewsM&C20 grows despite Punch equity jitters
The M&C20 index grew by 0.3% this week despite a dramatic 23% fall in the share price of Punch Taverns, which overshadowed the modest gains made by the majority of member companies, but was buoyed by a stunning stock market debut from Patisserie Valerie
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NewsJack expects to upgrade Fuller's
Leading analyst Douglas Jack has reiterated his Add recommendation for Fuller’s but says he’s likely to upgrade his forecast after its full-year results next Friday (6 June)
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Fuller's to hold cooking competition for chef 'scholars'
Fuller’s, the London-based brewer and pub operator, is to hold a head to head cooking skills competition today under its Chef Scholarship, which it launched last year
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City Pub Co EBITDA nears £1m in 'transformational' year
The operator has reported EBITDA of £912,166 in the “transformational” year to 29 December, and expects it to reach as high as £8m by 2017 as the company grows to c30 sites, chief executive Clive Watson has told M&C Report
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NewsM&C20 climbs back from leisure sector fall
The leisure sector has partially recovered following last week’s crash climbing 3.4% and gaining £58m across the portfolio of 21 companies, while the FTSE All Share Index remained relatively static
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Fuller's buys most westerly pub
Fuller’s, the London-based brewer and pub operator, has secured its most westerly pub yet, at Portishead in Somerset
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OpinionShare and share alike
The M&C20 is one year old this month. Rob Willock takes a look at the relative performances of the leisure sector companies that constitute M&C Report’s shares index.
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NewsM&C20 falls as hedge funds take profits
The M&C20 index suffered a steep fall this week as shares in the leisure sector slid 2.9%, leading to losses of £328m among the 21 constituent companies
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Analysis & InsightInside track: Trading concerns
Leading analyst Geof Collyer of Deutsche Bank lays out his concerns regarding the current trading environment, and focuses on confusion of offering – is it a pub or a restaurant; site availability, site saturation and rent inflation; and couponing and the online threat
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Confidence returns to restaurant property market
Restaurants sold by Christie + Co in the early part of the 2014 are selling at more than of 90% of the asking price on average, reflecting growing confidence in the market, according to the property agent’s head of restaurants Simon Chaplin
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OpinionTo invest or not to invest...
Private equity has provided the finance for most growth concepts on the UK’s pubs and restaurants scene. So what makes a great private-equity investment? Electra Partners’ Bill Priestley gives his view
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Fuller's buys two London riverside sites
Fuller’s, the London brewer and pub operator, says it continues to seek new acquisition opportunities after buying two freehold sites on the bank of the River Thames
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Late Knights forms new pub JV
Late Knights, the London brewery founded by former Fuller’s manager Steve Keegan, has formed a new joint venture with a Brighton-based brewer and wholesaler to open pubs in East Sussex, M&C Report has learnt
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NewsM&C20 returns to growth
Normal service resumed for the M&C20 this week, as it returned to growth (+1.5%) and outperformance of the FTSE All-Share Index (+0.6%) after last week’s decline of 0.7%
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Fuller’s secures the Albannach
Fuller’s has acquired the high-profile site, The Albannach, set on Trafalgar Square, which will become a flagship location for its Ale & Pie format