All MCA Insight articles in June 2014 – Page 20
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New Italian concept to launch in the City
La Tagliata, an Italian start up restaurant, is to replace an Indian restaurant popular with City workers, The Gulshan, close to Liverpool Street Station
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Fuller'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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UK Tourism Council formed
A Tourism Council has been formed under a new partnership between the UK Government and the tourism and hospitality industries to drive growth and foster jobs in the sector.
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Punch completes 250th investment this FY
Punch Taverns has completed its 250th pub investment since the start of its current financial year last September
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Statutory code to have 'little practical difference' to pubcos
Government plans to introduce a statutory code in the tenanted sector should have a “small negative impact” on Enterprise Inns and Punch Taverns, but overall make “little practical difference” to quoted operators, according to leading analyst Douglas Jack
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Dishoom up to three
Dishoom, the all-day Indian cafe concept, has confirmed that it has secured its third site in London, in King’s Cross
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Tim Martin denies ‘taxing’ Wetherspoon’s supply chain for VAT campaign
JD Wetherspoon chairman Tim Martin has denied he is ‘taxing his supply chain’ in order to secure financial support for the VAT Club campaign for tax equity between pubs and supermarkets
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Barber raises £5m for Hush and Cabana
Jamie Barber, the restaurateur behind the Cabana and Hush Brasserie brands, has raised £5m of new equity to fund the expansion of both brands
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La Sala secures first UK site
La Sala UK has secured its first UK site in Chigwell, Essex and told M&C Report that it was continuing to raise funds after achieving its short-term funding target of £4m
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Stations attract millions of non-travellers
Tens of millions of people a year are visiting Britain’s biggest railway stations who aren’t travelling by rail to eat, drink and shop, new figures show
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Tragus sets CVA deadline
Tragus landlords and creditors have been given a deadline of 20 June to vote on CVA proposals for the company
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R&L Properties disposal completed
On the back of Hawthorn Leisure’s acquisition of 88 pubs from the former estate of Robert Tchenguiz, the sale process of the R&L Properties pubs portfolio have now been completed for a total sum of c£75m
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Tavistock Leisure to accelerate brewtap rollout
Tavistock Leisure, the Sunderland-based bar, restaurant and hotel operator, is to focus on expanding its brewtap/restaurant business with plans to open a further nine sites under this format over the next two years, managing director Mark Hird has told M&C Report.
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Evan-Evans launches London brewing and pub venture
Evan-Evans, the south Wales brewer and pub operator, is to launch a London-based cask ale brewing venture as it targets leasehold pub acquisitions in the south east
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Pubco statutory code: the key proposals
M&C Report’s sister title the Publican’s Morning Advertiser outlines the main proposals of the Government’s plan to intervene in the tenanted pub model
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Yummy: Foundations in place to up expansion rate
Yummy Pub Co has told M&C Report that it now has the foundations in place to up its expansion rate, after it extended its partnership with Charles Wells
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Barworks and Diner set for growth
London-based pub and bar operator Barworks has secured a ninth site, while its sister business The Diner is to add an eighth eponymous restaurant, M&C Report has learnt
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Gov't plans help with finance and minimum wage crackdown
Making it easier for small businesses to access finance and inflicting higher penalties for firms that pay below the minimum wage are two of the promises by the Coalition for the upcoming Parliament
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JDW opens three hotels
JD Wetherspoon, the managed operator, spent £7m opening three hotels in April, taking the total number of hotels it operates to 29
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Lost Group consolidates estate
Lost Bars Group, the London-based pub, bar and restaurant business, has placed two of its sites on the market as it looks to consolidate its estate