All Pubs articles – Page 274
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Jack raises Spirit TP
Leading analyst Douglas Jack has increased his Target Price for Spirit Pub Company from 100p to 110p after this morning’s Q1 interim management statement
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Spirit Q1 Managed lfls grow 4.3%; Leased returns to growth
Spirit Pub Company has reported a 4.3% rise in like-for-like net sales in its Managed arm in the 20 weeks to 4 January - including growth of 7% over Christmas - while its Leased estate returned to like-for-like net income growth
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Analysts upbeat on Greene King
Leading analysts have given a positive response to Greene King’s Q3 trading update yesterday, in which it reported a 5% rise in like-for-like sales at its managed sites in the past six weeks, with managed like-for-likes up 6.3% in the two weeks over Christmas and the New Year
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Anglian Country Inns names first ops director
Anglian Country Inns (ACI), the Hertfordshire-based pub and restaurant group, has appointed Howard Nye as its first operations director
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Greene King managed lfls rise 6.3% over festive fortnight
Greene King, the brewer and pub operator, has reported a 5% rise in like-for-like sales at its managed sites in the past six weeks, with managed like-for-likes up 6.3% in the two weeks over Christmas and the New Year, including sales on Christmas Day up 12%
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Everards eyes six acquisitions in 2014
Everards managing director Stephen Gould has told M&C Report he hopes to add around six sites this year, as the company reports a 1.7% rise in profit before tax and exceptionals to £1.6m in the year to 30 September
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Peach eyes acquisitions as festive lfls grow 7.1%
Peach, the Oxfordshire-based multiple pub operator, says it’s looking to secure one or two more new sites this year as it reports a 7.1% rise in like-for-like sales in December
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Hall & Woodhouse secures £20m loan
Hall & Woodhouse, the Dorset-based brewer and pub operator, has secured a £20m, three year loan from M&G Investments to help it acquire and and invest in new pubs
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Palmers targets acquisitions and investments
Palmers, the Dorset-based brewer and pub operator, has told M&C Report that turnover in its tenanted pubs grew 5% in the year to November, and that it’s actively looking to make acquisitions and investments in 2014/2015
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Columbo Group secures two renowned venues
Columbo Group, the London-based multiple operator headed by former Fabric head of promotion Steve Ball and Riz Shaikh, has bought two renowned bar and music venues in East London, M&C Report has learnt
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WPC Inns in administration
WPC Inns, the multiple operator led by Nick Long, has been placed into administration just over a year and a half after the business emerged through a pre-pack process out of Windsor Pub Company
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W&H eyes pipeline
Whiting & Hammond (W&H), the south east-based multiple operator, is looking to open up to three sites this year
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Rollo: M&B expected to report c1% lfl growth
A leading analyst has said that he expects Mitchells & Butlers (M&B) to only report c.1% like-for-like sales growth despite what should be a strong festive season when it updates the market at the end of this month
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Former Gondola exec to head Slug & Lettuce
Stonegate, the managed operator, has announced the appointment of Clare Staples to head up its Slug & Lettuce, Missoula and Living Room brands
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Bramwell owed £60.6m at collapse
Bramwell Pub Company collapsed owing £60.6m to creditors, according to a new report that says the decision to put the company in administration followed a deterioration of trade and was sparked by one of its suppliers reducing its credit terms and demanding phased payments totalling £2.2m
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InnBrighton sets 2014 acquisitions target
InnBrighton, the Brighton-based multiple pub operator, hopes to secure between three and five more sites this year after acquiring its latest London outlet, chairman Gary Pettet has told M&C Report
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Morrison Bowman buys inn
Scottish distiller Morrison Bowmore has bought an inn on the island of Islay for an undisclosed sum
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Vimac Group in administration
Vimac Group, the Newcastle-based multi-site operator, has been placed in administration with Begbies Traynor, according to a notice published yesterday at Companies House
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Chelsea’s oldest pub acquired for £3.9m
Parsons Green Land, the West London-based property development, has acquired Chelsea’s oldest pub, the Cross Keys, from its private owner for £3.9m
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Be At One confirms Bristol opening
Be At One, the Piper-backed cocktail bar chain, has confirmed that it is to open its 21st site in Bristol on 26 February