Company & City News

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

Robinsons to offer innovative new tenancy agreements

18-Sep-2014 - Robinsons, the Cheshire brewer  and pub operator, is to offer drinks discounts at selected pubs based on competition in the local market and what consumers are prepared to pay.

Punch Taverns: restructure into 'final phase' as shareholders and noteholders vote in favour

17-Sep-2014 - Punch Taverns has entered the “final stages” of its restructure process, with noteholders joining the shareholders in approving the proposals, which are now expected to be implemented on 13 October.

Peach Pub Company secures £500,000 boost from Molson Coors

17-Sep-2014 - Peach Pub Company has secured a further £500,000 in funding from brewer Molson Coors to expand its operations, M&C Report has learnt.

Timothy Taylor announces new chief executive

16-Sep-2014 - Timothy Taylor, the Yorkshire-based brewer and pub operator, has announced the appointment of Tim Dewey, current global marketing director and UK commercial director for Drambuie Liqueur Company, as its new chief executive.

Heineken sells 111 pubs to Admiral Taverns

16-Sep-2014 - Heineken UK, owner of the leased pub operator Star Pubs & Bars, has agreed to sell 111 pubs to Admiral Taverns for an undisclosed sum.

JD Wetherspoon reports rise in like-for-like sales

12-Sep-2014 - JD Wetherspoon has reported a 5.5% rise in like-for-like sales in the year to 27 July, with profit before tax and exceptionals up 3.1% to £79.4m.

British Country Inns expects shareholder sell-off

11-Sep-2014 - British Country Inns (BCI) expects that “a large number” of its shareholders will look to sell up when its shares are placed on the on-line trading platform Asset Match, with a minority selling at a discount, chairman Martin Sherwood has said.

MOJO reveals plans to extend beyond northern heartland

10-Sep-2014 - Three-strong bar group MOJO has announced plans to extend to at least 10 sites with its sights initially set on London.

EPOS supplier Zonal expects turnover to top £50m

10-Sep-2014 - Zonal, the electronic point of sale (EPOS) supplier to the hospitality and leisure sector, expects full-year turnover to grow from £41.3m to £52m in the year to 30 June 2014 as the group expands its operations and continues to innovate.

Third consecutive year of growth recorded by H&W

09-Sep-2014 - Hall & Woodhouse, the Dorset-based brewer and pub operator, has reported an 11% rise in pre-tax profit to £7m in the year to 25 January 2014 and revealed it has total committed facilities in place of c£60m.

Old Blue Last operator expands

08-Sep-2014 - The operator of three east London pubs and music venues including the well-known Old Blue Last in Shoreditch is to open a further two sites this year.

Marston's names two Tesco veterans as non-executive directors

05-Sep-2014 - Marston’s, the brewer and pub operator, has strengthened its board with the appointment of two non-executive directors with a background at supermarket group Tesco.

Punch restructure edges closer

05-Sep-2014 - Punch Taverns’ restructure has edged closer after more creditors gave their backing to its proposals.

Growth in drink sales outstrips food as Spirit reports positive results

04-Sep-2014 - Spirit Pub Company has reported a 2.1% rise in like-for-like net sales in its managed arm for the 12 weeks to 16 August, with net income growth in the leased division accelerating to +4.8%.

Stonegate says Yates's revamp has been a success

04-Sep-2014 - Stonegate, the managed pub operator, has launched a next generation format of its Yates’s brand complete with new design, menu and drinks offer.

Batemans reveals seven-figure acquisitions fund

03-Sep-2014 - Batemans, the Lincolnshire brewer and pub operator, has a seven-figure sum available for acquisitions for the coming three years and also plans to dispose of nine pubs during 2014 and 2015.

Revolution operator develops new concept

03-Sep-2014 - New Inventive Bar Company, the Revolution bar operator led by Mark McQuater, has converted a number of sites to a new concept called Rift & Co.

Brakspear grows managed estate to four pubs

02-Sep-2014 - Brakspear, the brewer and pub operator, has added to its fledgling managed estate by bringing the Chequers in Marlow across from its tenanted and leased operation.

Enterprise to roll out online ordering

29-Aug-2014 - A new online ordering platform is set to be rolled out across Enterprise Inns’ 5,500-strong pub estate from 1 September, following successful trials and positive feedback from licensees.

TRG pubs deliver ‘outstanding performance’

29-Aug-2014 - The 50-strong pub restaurant business operated by The Restaurant Group delivered an “outstanding performance” in the 26 weeks to 29 June, with “significant increases” in both revenue and profit.

New Sports Bar & Grill to open in West End

27-Aug-2014 - Sports Bar & Grill is to launch its fifth site with an opening in London’s West End next month.

Foundation Inns to open first Craft & Grill site in Surrey

26-Aug-2014 - Managed pub operator Foundation Inns is set to launch its first branded site Craft & Grill in Walton-on-Thames, Surrey.

Camerons continues estate revamp and secures first new Head of Steam

22-Aug-2014 - Camerons Brewery, the Hartlepool-based brewer and pub operator, has announced plans to refurbish almost one third of its estate and has reopened eight closed sites from its disposal list, M&C Report has learnt.

Whitbread creates new pub brand Whitbread Inns

21-Aug-2014 - Leisure group Whitbread has launched a new pub brand called Whitbread Inns.

Turner steps down as Novus chair

21-Aug-2014 - Novus Leisure, the London-based premium operator, is looking for a new chairman, after Graham Turner stepped down from the role he took up last October.

Property of the week

Dyfed Goodwick: ROSE & CROWN, GOODWICK SQUARE, GOODWICK, PEMBROKESHIRE

£145,000.00 - Freehold

PRICE REDUCTION - ROSE & CROWN, GOODWICK SQUARE, GOODWICK, PEMBROKESHIRE Coastal village public house. 2...

Spotlight

Poppelston Allen: Understanding recorded and live music law

10 tips on the Live Music Act

Never has the law relating to live and recorded music been so complex. Here is a brief...

National Minimum Wage - what you need to know

National Minimum Wage - what you need to know

HMRC is naming and shaming pubs, hotels and restaurants that pay below the national minimum wage. The...

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...