R20 staffers to join M&B
22-May-2008 By The PMA Team
Company confirms wish to become Reit
Enterprise steadies ship
22-May-2008
While Enterprise boss Ted Tuppen concedes that the past six months have been the industry's most difficult ever, he's not about to chuck in the bar...
'Loss-making Mitchells & Butlers wants to become a REIT'
20-May-2008
Mitchells & Butlers has reported a first-half net loss of £87 million. The owners of O'Neill's and Browns said it plans to split its property...
R20 gets two seats on M&B board
20-May-2008 By Hamish Champ
Mitchells & Butlers (M&B) has bowed to pressure from major shareholder Robert Tchenguiz and appointed not one but two of his lieutenants to...
20-May-2008 By The PMA Team
A leading City analyst has poured cold water on its plan to convert to real estate investment trust status
20-May-2008 By Ewan Turney
Managed operator wants Reit conversion to maximise property value
Andrew Meadowcroft: Looking at the fundamentals
18-May-2008
Just as I was starting to accept there was little positive in the sector to report, two things happened. Firstly, I read what I have always believed:...
Fat ladies and other tales
18-May-2008 By Hamish Champ
So the fat lady has finally sung regarding which pubco will be first to convert to a real estate investment trust (REIT). True, Enterprise Inns...
Enterprise Inns sees profits fall as ban bites
13-May-2008 By Hamish Champ
The effects of the smoking ban, rising costs and the economic climate have predictably hit Enterprise Inns' profits in the six months to March 31...
13-May-2008 By The PMA Team
Three-quarters of Enterprise Inns licensees are making profits in line with or ahead of this period last year, chief executive Ted Tuppen has...
Doing the REIT thing
12-May-2008 By Hamish Champ
Until last week the likelihood of significant pub sector corporate activity in the near future was relatively low. Money - or rather debt - to fund...
'Travellers across country face drinking ban'
09-May-2008
Travellers face a ban on drinking alcohol on trains, buses and trams across the country, it was revealed last night - Daily MailWhen Enterprise Inns...
'Boris bans booze on buses and tube'
08-May-2008
Drinking alcohol is to be banned on London buses and the Underground from next month as part of a New York-style "zero tolerance" approach to crime...
REITs could spark pubco deals
08-May-2008 By Hamish Champ
The tax authorities' decision to grant Enterprise Inns the right to convert into a real estate investment trust (REIT) could signal a new phase of...
Enterprise Inns given go-ahead to convert to a REIT
08-May-2008 By Hamish Champ
Enterprise Inns' shares rocketed yesterday after the pubco confirmed it had been given the green light to convert to a real estate investment trust...
08-May-2008 By Ewan Turney
HMRC says Enterprise can convert to tax efficient Reit status
Punch says Spirit sale is 'no solution' to M&B's ills
24-Apr-2008 By The PMA Team
Talks on takeover of managed division end in acrimony M&B issues coded rebuke to Punch for failure to explore potential Spirit sale The...
24-Apr-2008 By Ewan Turney
The average Punch tenant makes a profit of £40,000 a year, pubco says
18-Apr-2008 By The PMA Team
Punch Taverns has rebuffed an approach by M&B to buy Spirit
More hands make light work and bigger profits - hopefully
03-Apr-2008
Tim Martin's radical plan to drive sales at JDW takes courage, says The PMA Team JD Wetherspoon (JDW) founder Tim Martin is renowned for going out on...
Enterprise Inns set to become a REIT
28-Mar-2008 By Hamish Champ
Enterprise Inns believes it has taken a step closer towards qualifying as a real estate investment trust (REIT).In a trading statement issued today,...
28-Mar-2008 By Ewan Turney
Enterprise Inns expects to get the go-ahead to convert to tax-efficient Real Estate Investment Trust status
Pub powered from waste cooking oil
20-Mar-2008 By John Harrington john.harrington@william-reed.co.u
An enterprising licensee has seen energy bills tumble after using waste cooking oil to generate electricity. Matt Solcombe is using a bio-diesel...
17-Jan-2008
Enterprise Inns has vowed to work more closely with its lessees in a bid to overcome "difficult" trading conditions
Collyer: ditch M&B Reit plan
17-Jan-2008 By The PMA Team
Another leading City analyst has called on Mitchells & Butlers (M&B) to abandon for now its proposals to hive off its property assets into a...
Enterprise Inns pledges support for 'struggling' licensees
17-Jan-2008 By Hamish Champ
Shares in Enterprise Inns bounced back today after the pubco issued an interim management statement that contained no nasty surprises.Though short on...
10-Jan-2008
MA deputy editor The PMA Team looks back at 2007 in the City
10-Jan-2008 By The PMA Team
Geof Collyer has called on M&B to abandon its proposals to hive off its property assets into a separate vehicle
13-Dec-2007 By The PMA Team
A leading City analyst has issued his most outspoken call for Mitchells & Butlers to drop plans to hive off freeholds into a Real Estate...
Bullish M&B tighten the screw
07-Dec-2007 By The PMA Team
In May, Mitchells & Butlers (M&B) boss Tim Clarke was talking about the mounting pressure on middle-class incomes.
29-Nov-2007 By Mark Wingett
Mitchells & Butlers is giving "serious consideration" to converting to a Real Estate Investment Trust (Reit) in order to unlock the value of its...
Tim Clarke defends Mitchells & Butlers' record
29-Nov-2007 By Hamish Champ
Mitchells & Butlers (M&B) chief executive Tim Clarke defended the record of the group's senior management today, after announcing a new...
Mitchells & Butlers remains committed to property deal
29-Nov-2007 By Hamish Champ
Despite posting a hedging loss of £180m over its proposed property joint venture with shareholder Robert Tchenguiz, Mitchells & Butlers...
15-Nov-2007 By The PMA Team
MA deputy editor The PMA Team runs his sharp eye over Punch's results
Pub customers "responding positively" to smoking ban, says Punch boss
08-Nov-2007 By Hamish Champ
Punch Taverns' chief executive Giles Thorley said the UK-wide smoking ban had improved the environment of his group's pubs and customers were...
What the Sunday papers said
12-Aug-2007
Dr James Le Fanu writes in the Sunday Telegraph that the smoking ban "threatens to kill off that traditional centre of community life, the pub". A...
Shares fall again following M&B property move
02-Aug-2007 By Hamish Champ
Greene King's shares fell today to their lowest point since October last year as the markets digested the postponement of Mitchells & Butlers'...
REITs off the menu
13-Jul-2007 By Hamish Champ
The prospect of a major pub group becoming a real estate investment trust (REIT) has evaporated, as companies look at alternative means of unlocking...
Fuller's ready to start acquiring
18-Jun-2007 By Hamish Champ
Fuller Smith & Turner is set to hit the acquisition trail, following the successful integration of Hampshire brewer Gales, which it bought 18...
Fuller's in the market for a deal
08-Jun-2007 By Hamish Champ
Young & Co may be the next target of rival London pubco Fuller's.Fuller's would not comment today on whether it had Young & Co in its...
Pubco share slide continues
08-Jun-2007 By Hamish Champ
Shares in leading UK pubcos slid further yesterday as investors continued to digest a raft of potentially bad news for the sector.Companies such as...
Marston's tones up sales with its 'F-Plan'
31-May-2007 By The PMA Team
Marston's has revealed its "F-Plan" to exploit positive market trends and beat the smoke ban. Food, families, females and the over-50s make...
REITs, pubcos, and the tortoise and the hare
25-May-2007
In the coming weeks and months we should watch carefully the announcements that pubcos make on whether to convert into a real estate investment trust...
25-May-2007 By Mark Wingett of M&C Report
Marston's has reported underlying pre-tax profit of £41.6m for the 26 weeks ending 31 March, a 1.5% increase on the same period last year. The...
M&B set for joint- venture pubs sale
24-May-2007 By The PMA Team
Managed operator Mitchells & Butlers (M&B) looks set to sell most of its freeholds to a 50/50 joint-venture property company owned by itself...
22-May-2007 By The PMA Team
M&B set to sell most of its freeholds to a 50:50 joint venture property company
What the Sunday papers said
20-May-2007
Few people will be as interested in Mitchells & Butlers' half year results when they are announced this Tuesday as other news concerning the...
What the papers say - May 16, 2007
16-May-2007 By Eleanor Goodman
Enterprise Inns, Britain's second biggest pub owner, is talking to HM Revenue & Customs about whether it can include the money that landlords pay...
Enterprise Inns in REIT talks with tax authorities
15-May-2007 By Hamish Champ
Enterprise Inns is in "informal talks" with the tax authorities to see if it can convert into a real estate investment trust (REIT).Shares in the...
Spring: a time of results announcements and hayfever
14-May-2007 By Hamish Champ
Spring is here, the birds are getting flirty, and hayfever - that most unpleasant of non-life- threatening conditions - is playing its usual annual...
