The latest news from the pub industry's top companies, as well as deals, results and appointments from the City.
20-Aug-2014 - Cerberus, the US private equity owner of Admiral Taverns, has acquired 63 pubs leased to Spirit Pub Company and Orchid (now part of M&B) in a deal valued at just under £200m.
19-Aug-2014 - Intertain, which is exploring new funding opportunities and has already received interest, believes it could grow its 27-strong Walkabout brand to 50 sites.
18-Aug-2014 - Punch Taverns has announced the launch of its restructure, which had been delayed from last Monday , saying that its new structure is set to be in place from 8 October subject to approval from creditors.
15-Aug-2014 - JD Wetherspoon has scored the maximum five star rating in the Food Standards Agency (FSA) Food Hygiene Rating Scheme for 747 of the 816 Wetherspoon pubs listed on the FSA website.
15-Aug-2014 - Pub operator London Village Inns has taken its sixth pub The Westbury in Wood Green, on a lease from Punch Taverns to bring its portfolio to six.
14-Aug-2014 - BrewDog, the Scottish brewer and pub operator, has secured its fifth London site in Islington, the Publican’s Morning Advertiser has learnt.
13-Aug-2014 - Redcomb Pubs and Broken Foot Inns have completed their merger, creating a 12-strong group forecast to generate annual sales in excess of £12m.
11-Aug-2014 - Punch Taverns has delayed the launch of its £2.3bn restructuring to allow time for further talks.
08-Aug-2014 - Adnams will focus on brewing and distilling rather than its pub estate as its reasons for owning pubs “are diminishing”, chairman Jonathan Adnams has told the PMA’s sister title M&C Report.
08-Aug-2014 - Charles Wells has announced that it is to bring its major operating divisions back under its main parent company identity, which will see an updated look and operating processes for the firm.
07-Aug-2014 - Sheffield-based pub group Reet Ale Pubs has completed the takeover of Blue Bee Brewery.
07-Aug-2014 - Luminar has announced a £3.3m refurbishment programme for the summer and confirmed opening dates for two new nightclubs in Wales.
07-Aug-2014 - Enterprise Inns saw like-for-like net income growth accelerate to 2.1% in the three months to 2 August, helped by the World Cup and the company’s “on-going operational initiatives”.
06-Aug-2014 - Sun Capital Partners is exploring its options for Chicago Leisure following expressions of interest in the bar and nightclub operator that it backs.
06-Aug-2014 - Be At One, the Piper-backed cocktail bar chain, is confident that it can eventually grow its estate to 120 sites in the UK, after reporting a 9% increase in like-for-like sales for the year to 30 March 2014, according to the PMA’s sister title, M&C Report.
05-Aug-2014 - Scottish pub and bar operator Maclay Group is looking to add a craft beer offer across its 26-strong estate as the company reports a pre-tax loss of £169,895 in the 16 months to 1 February 2014.
04-Aug-2014 - Diageo has reported a 2% rise in net sales in Britain in the year to 30 June.
04-Aug-2014 - Senior directors of Young’s, the London-based pub operator, saw substantial uplifts in their remuneration packages in 2013/2014 after total bonuses paid almost doubled from £506,323 to just over £1m.
01-Aug-2014 - ABInBev, the Stella Artois and Budweiser brewer, saw UK sales of its drinks grow 13.5% in Q2 2014, due to ”strong World Cup volumes”.
31-Jul-2014 - Marston’s chief executive Ralph Findlay believes the importance of sport on TV in pubs is “not what it used to be” as customers choose to watch events at home.
30-Jul-2014 - A “scarcity” of high-quality freehold pubs in London is creating “pent up demand”, according to Simon Emeny, chief executive of Fuller’s, which recently spent c£7m acquiring a pub in Covent Garden.
29-Jul-2014 - First round bids have been submitted for a portfolio of c200 hotels and pubs, which is believed to be valued at up to £650m according to the PMA’s sister title M&C Report.
24-Jul-2014 - Marston’s has reported a 4.1% rise in like-for-like sales in its Destination and Premium arm for the 41 weeks to 19 July, with the company describing the impact of the World Cup as “broadly neutral”.
24-Jul-2014 - Mitchells & Butlers has reported flat like-for-like sales in its third quarter (14 weeks to 19 July) – with a 0.6% rise in food sales offset by a 0.5% decline in drinks.
24-Jul-2014 - Fuller’s, the London-based brewer and pub operator, has reported “strong trading” across all divisions with a 7.3% rise in like-for-like sales in its managed pubs and hotels division for the 16 weeks to 19 July 2014.
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