The latest news from the pub industry's top companies, as well as deals, results and appointments from the City.
24-Oct-2014 - C&C Group, the drinks group behind Magners, has set out the rationale behind its approach for Spirit Pub Company yesterday, with sources close to the company suggesting that it is preparing a further bid for the Chef & Brewer operator.
22-Oct-2014 - Hawthorn Leisure, the May Capital-backed group, has completed the acquisition of Nectar Taverns, the operator of 25 pubs in the north west, in a deal understood to be valued at £10m.
22-Oct-2014 - The increasing strength of the property market in London has led to the completion of three deals with a combined value of just under £90m.
22-Oct-2014 - Spirit Pub Company has this morning reported a 4.4% increase in like-for-like sales across its managed division for the 53 weeks to 23 August 2014.
22-Oct-2014 - Multiple operator Peter Linacre is taking on his first new sites since 2009 – the Telegraph on Putney Heath and the Blue Ball in Walton on the Hill, Surrey – which will become the eighth and ninth for his New Pub Company estate.
21-Oct-2014 - The isle of Arran Brewery has opened a company in the US to facilitate its imports into the country.
20-Oct-2014 - Spirit Pub Company has announced that it is willing to recommend a revised takeover offer from Greene King of approximately 109.5p, which values the company at c£700m.
17-Oct-2014 - Star Pubs & Bars has reassured its lessees that the sale this month of 111 pubs to Admiral is the end of the company’s disposal programme.
17-Oct-2014 - Young’s has completed the acquisition of 580 Limited, the operator of four pubs in prime London locations, for a total consideration of £10.4m on a debt free basis.
14-Oct-2014 - Toby Smith, who recently stepped down from Stonegate Pub Company, has been appointed the new chief executive of Novus Leisure, the London-based premium bar and restaurant operator.
13-Oct-2014 - Mitchells & Butlers (M&B) has appointed Phil Urban, outgoing managing director of Grosvenor Casinos, as its new chief operating officer.
10-Oct-2014 - McMullen’s, the Hertford-based family brewer, has launched a new website , featuring videos, online shop, enhanced social media channels and company blog.
09-Oct-2014 - Enterprise’s commercial director Ed Cottrell is to leave the business to pursue opportunities within the brewing and brands sector.
07-Oct-2014 - Punch Taverns has completed the final hurdle for its restructure, with the Royal Bank of Scotland (RBS) approving the move today.
07-Oct-2014 - Hawthorn Leisure, the pub group backed by May Capital, is believed to have entered exclusive talks to acquire Nectar Taverns, which operates 25 wet-led freehouses in the north-west.
06-Oct-2014 - Eclectic, the listed bar group, would look at groups for acquisitions as it sees the potential for consolidation in the late-night market, chief executive Reuben Harley has said.
06-Oct-2014 - Be At One, the Piper-backed cocktail bar chain, has reported a 9% increase in like-for-like sales for the 26 weeks to 28 September and secured a further regional site in Oxford.
03-Oct-2014 - Leicestershire brewer and pub operator Everards has announced an agreement with retailer Next to jointly promote the land currently occupied by its brewery for retail development.
03-Oct-2014 - Hydes Brewery, the Manchester-based brewer and pub operator, has acquired three freehold sites this year marking a return to the acquisition trail after streamlining the company.
03-Oct-2014 - Upham Pub Company has ruled out national expansion as it seeks alternative forms of finance for its next round of acquisitions.
02-Oct-2014 - Lloyds Bank has given its support to Punch Taverns’ restructuring – leaving approval by the Royal Bank of Scotland as the last remaining hurdle.
02-Oct-2014 - City Pub Company, the Enterprise Investment Scheme (EIS)-funded group, plans to raise a further £5m to £10m as it targets an estate of 25 to 30 pubs.
01-Oct-2014 - Mitchells & Butlers (M&B) is to significantly “temper” its organic expansion as it focuses on converting the former Orchid estate.
01-Oct-2014 - Kirk Davis, the current finance director at JD Wetherspoon, is to join rival Greene King from the start of next year as its new chief financial officer.
30-Sep-2014 - Roy Ellis, founder and ex-chief executive of Inventive Leisure, is to join the management board of JW Lees, the Manchester-based brewer and pub operator, as an external adviser, as the company accelerates its growth plans.
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