All Pubs articles – Page 298
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News
G1 buys tenanted vehicle outright
The move is revealed in G1’s full year results that show full-year operating profit - including its tenanted subsidiary - grew 18.6% to £10.4m. Turnover increased 11.2% to £66m and EBITDA was £16.3m
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News
Wellington PBT falls 27.2%
Wellington Pub Company, the free-of-tie leased pub operator, has reported a 27.2% fall in pre-tax profits to £6.7m in the year to 31 March 2013
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NewsWhitbread tweaks Brewers Fayre offer
Whitbread is trialling a new food concept in three of its Brewers Fayre sites, which if successful could be rolled out to other parts of its c150-strong estate, M&C Report understands
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News
BYOC eyes expansion
BYOC, operator of the eponymous cocktail bar concept where customers bring their own alcohol, plans to expand across the UK as it prepares to open its second site in Brighton, M&C Report has learnt
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Interviews
Friday five-minute interview
M&C Report talks to Ted Kennedy, chief executive of GRS Inns and Pebble Hotels co-founder, about his best investment, his best business decision and the best piece of advice he’s ever received
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News
New operator takes former Beatbox bar
A bar and live music venue in Cardiff whose owners were placed in administration has been taken on by new operator 8 Bar Blue Limited
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News
TLC looks at options for two sites
TLC Inns, the multiple operator run by Steve Haslam and Jo Drain, is exploring options for two of its sites after placing them on the market
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DiaryDiary: Las Iguanas, JDW, Benito's Hat, Toby Carvery
This week’s Diary includes impressive figures from Las Iguanas, JDW plays chicken, Tim Bacon on his days behind the bar, Terry Pullen eyes more Ballrooms, InnBrighton refocuses on pubs, and you are what you eat according to Toby Carvery
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News
Pullen eyes leisure acquisitions after pub disposal
Terry Pullen, operator of a number of restaurants and hotels in London and Surrey, has announced plans to expand acquire more multi-faceted leisure and hospitality venues in London after selling a Kent pub to Redcomb Pubs, the southern pub operator
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News
Collyer plots Enterprise equity 'rehabilitation'
Leading analyst Geof Collyer has raised his Target Price for Enterprise Inns to 205p, predicting a return to absolute EBITDA growth - the “final step” in the story of its equity rehabilitation - earlier than expected in FY2016
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News
Further operators see benefit of Tax Parity Day
Hall & Woodhouse and Wadworth have become the latest companies to report an uplift in sales on Tax Parity Day
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News
North Bar eyes pop-ups
North Bar, the Leeds-based pub group, plans to branch out into pop-up bars and events over the next few months, co-owner Christian Townsley has told M&C Report’ssister title Publican’s Morning Advertiser.
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News
M&B agrees £38m waste management and cleaning deal
Mitchells & Butlers (M&B), the managed operator, has signed a £38m waste management and cleaning contract with Mitie, the FTSE-listed 250 strategic outsourcing company
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NewsPunch helps tenants lift food profits
Punch Taverns has announced a partnership with CaterCost, a web-based software system, to help tenants design their own menus and increase food profits
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News
FY sales at ETM forecast to top £30m
ETM Group, the London-based operator led by Tom and Ed Martin, expects its full-year turnover to pass the £30m mark next year as it looks to open two further sites in the capital
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News
Rollo upgrades Enterprise Inns
A leading analyst has upgraded his price target for Enterprise Inns from 140p to 200p and said he thought there was a good chance that the group’s like-for-like sales will be positive in H1 2014 and sees its 19 November final results as a key catalyst
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Analysis & Insight
A bigger conversation
Last Wednesday’s Tax Parity Day highlighted the disparity between the zero rate for food in supermarkets and the 20% VAT rate for pubs and restaurants. A day later, the British Hospitality Association’s chief executive Ufi Ibrahim rallied the troops to build momentum around its campaign to cut tourism tax in the UK to 5%. Surely it is time for the whole industry to be pulling in one direction as one voice?
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News
GRS Pubs grows underlying profits 14%
GRS Pubs, the tenanted pub group formerly owned by London Town, saw underlying profits rise 14% to £448,000 in the year to 30 December as it continued to trim its estate
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NewsWeak M&B performance impacts M&C20
The 1% decline in Q4 like-for-like sales reported by Mitchells & Butlers (M&B) this week impacted the M&C20 Index, which fell by 1.3% to 1,148.32, to marginally underperform the FTSE all share, which declined by 0.9% to 1,014.49
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News
Leeds Brewery to ramp up expansion
Leeds Brewery is looking to expand its pub estate more rapidly over the coming years, director Sam Moss told MA300 delegates