Company & City News

The latest news from the pub industry's top companies, as well as deals, results and appointments from the City.

Oakman 'cautiously optimistic' for growth

22-Jul-2014 - Oakman Inns and Restaurants, the pub operator led by Peter Borg-Neal, saw like-for-like sales growth of 11.1% for Q1 of 2014/15 to 6 July as it negotiates on two new sites.

Hawthorn Leisure launches buying club with Pelican

21-Jul-2014 - Hawthorn Leisure, the newly established pub group, has entered a procurement deal with Pelican to form a buyers' club for its 350 pub tenants.

Punch noteholders vote to waive covenants

18-Jul-2014 - Punch Taverns noteholders have voted overwhelmingly in favour of requests by the pub company to waive its covenants that would otherwise put the firm in default, as part of the restructure of its £2.3bn debt.

Weston Castle eyes funding options for expansion

17-Jul-2014 - Weston Castle, the northern England-based pub operator, is exploring different finance options including crowdfunding to fund acquisitions and investments under the leadership of Lesley Humphreys, who became managing director in February.

M&B makes key appointments to oversee Orchid integration

16-Jul-2014 - Mitchells & Butlers (M&B) has made two internal appointments to oversee the absorption of the 173 former Orchid Pub Company sites into its estate, the Publican's Morning Advertiser's sister title M&C Report has learnt.

BrewDog plans spirits division

15-Jul-2014 - BrewDog, the Scottish brewer and pub operator, is planning a spirits division at its Aberdeenshire brewery site, the Publican's Morning Advertiser's sister title M&C Report has learnt.

Luminar announces £1.2m refit for new Swansea site

15-Jul-2014 - Nightclub operator Luminar has announced it will invest £1.2m in its new Swansea site.

Three pubs sell for £7m at auction

14-Jul-2014 - Several freehold properties, including Stonegate and JD Wetherspoon pubs, were sold at an Allsops auction last week.

Joseph Holt announces new chairman as pre-tax profits fall

11-Jul-2014 - Joseph Holt, the Manchester-based brewer and pub operator, saw its pre-tax profit fall to £2.8m from £3.5m in the year to 31 December 2013 and announced that chairman David Tully is to step down.

Mitchell’s eyes Tap House concept roll out

08-Jul-2014 - Mitchell’s of Lancaster, the Lancashire-based pub and hotel operator, says it hopes to roll-out its fledgling craft beer concept Tap House while also looking to make additional property disposals as a condition of completing a financial restructure of the business.

BrewDog to launch shareholder platform

07-Jul-2014 - BrewDog, the Scottish brewer and pub operator, is to launch a platform for its shareholders to buy and sell their shares in the company.

Old Dairy raises £600k to expand

07-Jul-2014 - Old Dairy Brewery, the Kent brewer founded in 2010, has raised £600,000 for expansion and announced the appointment of former Fuller’s Beer Company managing director John Roberts to lead a strengthened board as it enters a new phase.

Greene King delivers record full-year results

03-Jul-2014 - Greene King, the brewer and pub operator, has reported a 9.4% rise in pre-tax profits to £173.1m in the 53 weeks to 4 May, with the company saying it has now delivered four years of record results.

Pub People Company expands

03-Jul-2014 - Pub People Company, the Midlands-based multiple pub operator, has taken its estate to 50 sites with the acquisition of two pubs from Marston’s.

Investor Luke Johnson acquires stake in InnBrighton

02-Jul-2014 - Serial sector investor Luke Johnson’s vehicle Risk Capital Partners has invested in InnBrighton, the Brighton-based pub company, which has been renamed the Laine Pub Company, the Publican's Morning Advertiser's sister title M&C Report has learnt.

Imbiba raises £6m for fledgling concepts

02-Jul-2014 - Imbiba Partnership, the investment vehicle led by John Connell, has completed its latest round of fundraising, raising £6m to invest across its two concepts Darwin & Wallace and Camm & Hooper.

M&B appoint former Marston's man as new retail director for Harvester

02-Jul-2014 - David Hoyland, who was at Marston’s for over 14 years, has joined Mitchells & Butlers (M&B), as retail director for its Harvester brand.

Joule’s launches craft beer format

01-Jul-2014 - Joule’s, the Shropshire brewer and pub operator, is developing a new craft beer bar concept that it wants to roll out into five sites initially.

Wetherspoon's first pub in Republic of Ireland won't serve Guinness

30-Jun-2014 - JD Wetherspoon is to open its first pub in the Republic of Ireland – but has admitted it will not be serving the nation’s most popular drink, Guinness.

Beds & Bars eyes rollout for cider bar format

26-Jun-2014 - Beds & Bars, the bars-meets-hostels operator, could roll out its Tree House cider bar format to other sites and possibly to standalone units in the future.

Thwaites secures new brewery site

25-Jun-2014 - Daniel Thwaites, the Lancashire brewer and pub operator, saw profits before tax and exceptionals grow from £6m to £7.8m in the year to 31 March following the culmination of a three-year restructure process at the company, and said it expects to complete on the purchase of a new brewery and head office towards the end of the year.

Craft Beer Co could open its own brewery

25-Jun-2014 - Craft Beer Co, the craft beer pub operator, hopes to open a brewery in the near future, managing director Martin Hayes has said.

Remaining Orchid sites placed in administration

20-Jun-2014 - The remaining 49 Orchid Pub Company sites that were not part of the package acquired by Mitchells & Butlers (M&B) have been officially placed in administration with Ernst & Young.

BrewDog secures Clapham and Brighton sites

19-Jun-2014 - BrewDog, the Scottish brewer and pub operator, has confirmed that it has secured its fourth site in London, in Clapham, and also its first on the south coast in Brighton.

Fuller's ponders expansion of craft cider and pizza concept The Stable

19-Jun-2014 - Fuller’s sees “considerable potential” for expansion of The Stable, the craft cider and pizza restaurant business in which it owns a 51% stake, in the south of England.

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