The latest news from the pub industry's top companies, as well as deals, results and appointments from the City.
09-Dec-2013 - Punch Taverns has this morning set out its latest proposals for restructuring its debt securitisations, and said it will launch its final proposal by 15 January.
06-Dec-2013 - Carlsberg UK has joined the National Association of Cider Makers (NACM), following the launch of its Somersby cider brand in March.
05-Dec-2013 - Camerons Brewery, the Hartlepool-based brewer and pub operator, has acquired the seven-strong Head of Steam group, as it looks to triple its now c75-strong estate over the next three years.
04-Dec-2013 - Mitchells & Butlers (M&B) says it is ready to push the envelope when it comes to the development of Harvester.
03-Dec-2013 - 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.
28-Nov-2013 - Batemans plans to grow its managed pub estate from three to 15 sites via acquisitions, focusing on a new ‘Beer & Bean’ concept.
28-Nov-2013 - Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist real estate investment trust (REIT) focused on the UK food and value retail sector.
27-Nov-2013 - Punch Taverns, the tenanted and leased pub operator, has reported a 1.4% rise in like-for-like net income in its core estate in the 12 weeks to 9 November, and maintained its view that it intends to announce restructuring proposals in December.
26-Nov-2013 - PBR Leisure (PBRL), the bar and restaurant operator, has been placed into administration.
26-Nov-2013 - Mitchells & Butlers (M&B), the managed operator, has reported a 0.4% rise in like-for-like sales in the year to 28 September as pre-tax profit grew from £82m to £150m.
25-Nov-2013 - Admiral Taverns has reported a 7.1% rise in underlying EBITDA to £10.4m in the 23 weeks since its c£200m acquisition by US private equity group Cerberus.
25-Nov-2013 - JD Wetherspoon, the managed operator, has exchanged contracts to purchase its first pub in the Republic of Ireland and says it plans to open between 10 and 20 in the country over the next five to 10 years.
22-Nov-2013 - Fuller’s, the London-based brewer and pub operator, has reported a 4% rise in EBITDA to £28.1m in the six months to 28 September as like-for-likes in its managed estate grew 7.9%.
22-Nov-2013 - Cains, the Liverpool-based brewer, has secured planning permission for the £150m development of the Cains Brewery Village.
21-Nov-2013 - City Pub Company, the Enterprise Investment Scheme (EIS)-funded pub operator, expects turnover to reach £7m in 2013 and is targeting seven acquisitions under its new £10m fundraising drive, co-founder Clive Watson has said.
21-Nov-2013 - The final 67 pubs that were part of the former Bramwell Pub Company estate have been placed on the market with Christie + Co.
21-Nov-2013 - Young’s, the London-based pub operator, has reported a 5.6% rise in like-for-like revenue in the 26 weeks to 30 September against “strong comparatives” in the corresponding period last year.
20-Nov-2013 - JW Lees managing director William Lees-Jones expects the company to spend between £10m and £15m buying 15 pubs a year.
20-Nov-2013 - Enterprise Inns is considering a move to directly manage its better pubs, and also to introduce turnover-related rents, chief operating officer Simon Townsend has told analysts.
19-Nov-2013 - Enterprise Inns has this morning reported a 2.9% decline in like-for-like net income for the year to 30 September, but said that it had witnessed an improving trend in the final quarter of the year, with like-for-like net income growth of 0.6%.
18-Nov-2013 - SA Brain, the Welsh brewer and pub operator, has taken out Costa coffee in its 95 sites and brought in its own brand named Great Little Coffee Company.
13-Nov-2013 - Be At One, the Piper-backed cocktail bar chain, has strengthened its pipeline after securing sites in Bristol and Milton Keynes, Buckinghamshire.
12-Nov-2013 - A co-founder of C2 Investment, which owns 76% of Lancaster Brewery, has criticised the “madness” of progressive beer duty (PBD) as it reported a pre-tax loss in the year to 31 January.
12-Nov-2013 - JD Wetherspoon (JDW) has secured an extra £100m facility for its expansion plan as it looks to accelerate its openings, chairman Tim Martin has said.
11-Nov-2013 - GT Pubs, the pub management company set up in the wake of the administration of the Publicana business in 2010, has itself been placed into administration.
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