All MCA Insight articles in September 2013 – Page 20
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NewsPunch: disposals to slow, 'confident' of restructure
Punch Taverns is likely to slow down its disposals to 300 to 350 per year in 2014, says finance director Steve Dando who also told M&C Report he’s “confident” Punch’s debt restructure will occur in the second half of 2013
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BGF eyes Comptoir Libanais investment
The Business Growth Fund (BGF) is understood to be in talks to invest in Comptoir Libanais, the London-based Lebanese fast-casual concept, M&C Report has learnt.
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Osmond: Pub closures 'long overdue'
Hugh Osmond, the high-profile investor who founded Punch Taverns, has told M&C Report the closure of 10,000 pubs in the past decade has been “long overdue” and said closures will ultimately benefit the industry
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NewsBenito’s Hat secures fifth site
Benito’s Hat Mexican Kitchen, the London-based restaurant chain, has secured a fifth site in London and is in legals on its first unit outside the capital
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NewsSpirit managed lfls rise 4.1%
Spirit Pub Company reports a 4.1% rise in like-for-like net managed sales in the 12 weeks to 17 August and improving trends in its leased estate
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NewsGMB to protest at McDonald's UK HQ
The GMB union is to hold a protest outside McDonald’s UK head office today over the company’s use of zero hours contracts
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Weekend PressCote takes Odin’s
Cote, the Richard Caring-backed chain, which is currently involved in a sales process, has secured Odin’s, the former Langan’s Restaurant site in London’s Marylebone
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ZaZa Bazaar to be the Gate’s next big star
ZaZa Bazaar, the world banquet and bar concept, has secured its second site in the Gate, Newcastle, and told M&C Report that it has a pipeline in place for further openings next year
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NewsEnterprise announces £100m bond offering
Enterprise Inns has announced an offering of approximately £100m of senior, unsecured Guaranteed Convertible Bonds due 2020, which it said would provide it with low cost, unsecured long-term funding, reduce its overall cost of borrowing, provide it with increased flexibility and enhance prospects for growth
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Wear Inns eyes larger sites
Wear Inns, the 26-strong northern pub operator, is “back on the acquisitions trail” and is looking to buy larger premises, managing director John Weir has told M&C Report
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High street report urges business levy
A new report into the future of high streets has called for a one-off levy for businesses, and for the Government to reintroduce the 2015 business rates revaluation
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MasterChef finalist to aid Young’s pub relaunch
MasterChef finalist Tom Whitaker is to become head chef at Young’s White Hart pub in Barnes as part of an extensive refurbishment of the business
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Osmond eyes 'triple-A' investment opportunities
Hugh Osmond, the high-profile investor, has told M&C Report he’d invest “as much as it takes” to grow a small number of “triple-A” leisure operators into national brands
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Newcastle introduces minimum price condition
Newcastle City Council has introduced a minimum unit price condition for all new licences and applications for licence variation across the on and off-trade
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Analysis & InsightAn alternative future for the high street
High street policy is still very much in its infancy. Governments of all stripes have failed to get to grips with the big issues facing our high streets for years. And now in a period of deep decline there is an arms race for new ideas, says Bill Grimsey, author of the Grimsey Review into UK High Streets
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Sector VAT cut 'would cost up to £12bn'
Cutting VAT to 5% for the sector would cost the Exchequer between £11bn and £12bn per year in lost revenue, according to Government estimates
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Spirit introduces new Fayre & Square menu
Spirit Pub Company has launched a new autumn menu across its 157-strong Fayre & Square brand, which features new deals across its food and drink range
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Real China and GK lined up for Cramlington
Greene King and The Real China, the Chinese buffet chain, are lined up to open sites in Cramlington, Northumberland
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Fund launched to help SMEs become more energy efficient
ReEnergise Finance has launched a commercial finance vehicle aimed solely at providing funding solutions for SME businesses in regards to helping them become more energy efficient
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Snowflake to launch in Soho
Snowflake, the luxury gelato brand, is to make its debut in London’s West End with an opening in Soho later this month