All Pubs articles – Page 283
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News
Vianet hopes to accelerate installations
Vianet is confident it will match or exceed the number of installations of its beer flow monitoring equipment at pubs in the second half of its financial year compared to H1, despite uncertainty around Government intervention
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NewsOakman raises £5.5m for expansion; names new FD
Oakman Inns & Restaurants, the Peter Borg-Neal-led group, has raised £5.5m for further expansion and announced the appointment of Joseph Evans, currently financial controller of Whitbread Hotel and Restaurant Division, as its new finance director
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News
Pubco code 'uncertainty' hits Vianet
Profits for Vianet, the beer flow monitoring company, declined in the six months to 30 September as a “direct result” of factors including continuing pub disposals and fewer iDraught installations due to the “uncertainty” around Government intervention via the proposed Statutory Code
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News
Leslau vehicle reports uplift in ETI portfolio
Max Property Group which acquired 29 Enterprise Inns in a £44.4m sale-and-leaseback deal in January 2011, has reported a 6.6% uplift in the value of the portfolio for the six months to the end of September 2013
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OpinionI predict a…
Stefan Chomka looks ahead to what 2014 has in store, with 10 predictions, some “dead-certs” like Alan Yau’s opening of ‘Asian gastropub’ Duck & Rice rekindling publicans’ desires to return to the heady days of the mid 1990s where a Thai restaurant was the pub accessory du jour; and some more avant-garde, including the possible opening of bread and butter concept called B&B
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NewsFuller’s targets service consistency
Fuller’s expects to “win” on the issue of offering consistently high levels of service at its managed pubs in the next year, something that’s not currently happening on a consistent basis, according to chief executive Simon Emeny
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NewsMarston’s accelerating towards managed pub operator status
A leading analyst has said that the recent full-year results from Marston’s provided further evidence of the company accelerating the transformation process to become a predominately managed pub operator
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News
Realpubs founders launch new company
Nick Pring and Malcolm Heap, the founders of Realpubs which was acquired by Greene King two year for £53.1m, have named their new company Urban Pubs and Bars and said they hoped to grow an estate of up to 20 sites across London’s “urban villages” over the next four years
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NewsGreene King Retail lfls grow 3.5%
Greene King, the brewer and pub operator, has reported a 3.5% rise in like-for-like sales in the 24 weeks to 13 October and said it’s planning a further 90 acquisitions for its managed Retail estate over the next 18 months
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News
TCG launches 'most innovative' cocktail menu
TCG says it will be the first mainstream operator to offer American cocktail craze Pickleback in its new cocktail menu launched this month, which is billed as the most innovative in the mainstream pub and bar sector
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Opinion
A surprise and a space race
After a long interview process, which allowed him to get to know Mitchells & Butlers’ (M&B) people, and business fundamentals, and also hear a candid assessment from the board on what they thought needed to be done to transform the company, Alistair Darby admits that there was only one surprise awaiting him when he took up his new role as chief executive last October
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News
Bathams PBT falls 4.8%
Daniel Batham & Son, the West Midlands brewer and pub operator, saw pre-tax profits fall 4.8% to £1.3m in the year to 30 June 2013
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NewsSpirit eyes brands expansion
Spirit Group plans to open up to 20 new sites across the UK over the next 15 months under its Flaming Grill, Fayre & Square and Taylor Walker brands
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NewsFrench predicts robust H1 for Greene King
Leading analyst Simon French has reiterated his Hold recommendation and 750p Target Price for Greene King ahead of its half-year results on 3 December, predicting a “robust” performance for the brewer and pub operator
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News
Former Fat Cat leaseholds sold for £50k-£95k
The leases of three bars formerly operated by Fat Cat Café Bars, which was placed in administration in April, have been sold for sums between £50,000 and £95,000 each, according to a new report from its administrator Cooper Parry
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News
Nostalgia Inns reveals AGA carvery tie-in
Nostalgia Inns, the Midlands-based operator of country pubs, is undertaking a partnership with oven maker AGA to offer customers the “next generation carveries” from early next year
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NewsFuller’s re-opens the Tap on the Line
Fuller’s, the London based family brewer, has completed one of its latest major refurbishments with the opening of The Tap on the Line – the only pub that sits on a London underground station, at Kew Gardens
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NewsAnalyst corner
Douglas Jack at Numis says Marston’s is a buying opportunity following its full-year results yesterday, with medium-long term growth prospects “significantly enhanced”
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News
Branded managed operators 'perform stronger in recession'
Branded managed houses and pub chains will see more success than tenancies and freetraders during economic uncertainty because consumers feel more confident in the consistency of their offer, according to a pub industry veteran
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News
Focus on experience to allow for price elasticity
The on-trade needs to focus on providing an experience to allow for price elasticity, Association of Licensed Multiple Retailers (ALMR) chief executive David McHattie told the MA300 conference in London