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A senior City analyst has claimed that Punch's acquisition of Mill House Inns has been disappointing so far. Punch bought Mill House last September...

A senior City analyst has claimed that Punch's acquisition of Mill House Inns has been disappointing so far. Punch bought Mill House last September for £164m. Deutsche Bank's Geoff Collyer, said: "Mill House was expected to 'hit the ground running' yet it looks like it has just hit the ground. At the time of the acquisition, the implied EBITA margin was about 22%. The single-digit margin for the 24 weeks contribution, from an average weekly growth of more than 5%, would suggest management's eyes have been completely off the ball, while they have been busy transferring the transition estate to lease."

Magners owner C&C has seen sales and profits surge in the year to the end of February 2007, boosted by the UK performance of its hugely popular cider brand. Operating profits were €212.6m (£144.28m) after turnover increased 27% to €981.4m (£666.18). Net profits were up 85% to €179.2m (£121.59) and cider sales were up 86% at €517.9m (£351.38). It has a 1.7% share of the UK long alcoholic drinks market, including beer and cider.

A qualification is planned to help doorstaff deter terrorism. Stefan Hay, of training organisation Skills for Security (SfS), told the Safer Doors Conference in Peterborough that SfS is working with police on a national standards guide for beating terrorism. "We hope to partner the BIIAB to look at developing qualifications," Hay said.

James Brewster is to succeed Colin Wheeler as Licensed Trade Charity (LTC) chief on 1 September. Previously Society of Licensed Victuallers president, he is a Licensed Victuallers Schools governor and an LTC trustee.

Lancashire host Ian Wharmby has scooped £1,000 - courtesy of Carlsberg - as the latest Plan for the Ban giveaway winner. The host of the Canterbury Arms, Ashton under Lyne, correctly said the Millennium Stadium will host the FA Cup Final.

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