City Digest: Marston's, Young's & Enterprise

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Marston’s H1 lfls up 3% in managed and franchised​

Marston’s has reported like-for-like sales growth of 3% across its managed and franchised pubs in the six months to 2 April.

Read more​: http://www.mca-insight.com/news/operators/pubs/marstons-h1-lfls-up-3-in-managed-and-franchised/536318.article​

Marston’s: New-build strategy; accommodation and price increases​

Marston’s chief executive Ralph Findlay speaks to MCA following the company’s results for the six months to 2 April.

Read more:​ http://www.mca-insight.com/news/operators/pubs/marstons-new-build-strategy-accommodation-and-price-increases/536389.article​

Intertain secures Coventry site​

Walkabout operator Intertain has completed on the lease of The Establishment Bar & Grill in Coventry.

Read more​: http://www.mca-insight.com/news/operators/pubs/intertain-secures-coventry-site/536402.article​

Young's FY managed lfls up 5.6%​

Young’s saw like-for-like sales in its managed division grow 5.6% in the year to 28 March, with total sales up 5.6%.

Read more: ​http://www.mca-insight.com/news/operators/pubs/youngs-fy-managed-lfls-up-56/536391.article​

Peach secures £9.5m expansion fund​

Peach, the Midlands based pub operator, has secured a £9.5m refinancing as it seeks to grow from 17 to 22 sites.

Read more​: http://www.mca-insight.com/news/operators/pubs/peach-secures-95m-expansion-fund/536350.article​

ETI: Pubs code delay; Tenancy Plus and managed growth​

Enterprise Inns chief executive Simon Townsend talks to MCA on the back of the group’s performance in the first half of this financial year.

Read more​: http://www.mca-insight.com/news/operators/pubs/enterprise-inns/eti-pubs-code-delay-tenancy-plus-and-managed-growth/536321.article​

Upham Group eyes growth to 30 despite IPO delay​

Upham Group finance director Robb Harris has told MCA the company will still target a doubling in size within three years following its delayed IPO.

Read more​: http://www.mca-insight.com/news/operators/pubs/upham-group-eyes-growth-to-30-despite-ipo-delay/536297.article​

St Austell managed estate fuels record FY results​

St Austell saw each of it managed sites record revenue in excess of £1m for the first time, as it achieved a record turnover of £137.4m for the year to 2 January.

Read more:​ http://www.mca-insight.com/news/operators/pubs/st-austell-managed-estate-fuels-record-fy-results/536263.article​

ETI completes sale of 22-strong portfolio for £20m​

Enterprise Inns has completed the sale of a portfolio of 22 commercial properties, comprising 17 pubs and five convenience stores for a sum of £20m

Read more​: http://www.mca-insight.com/news/operators/pubs/eti-completes-sale-of-22-strong-portfolio-for-20m/536253.article​

Joule’s eyes new areas in bid to reach 100​

Steve Nuttall, managing director of Joule’s, has said the company is likely to look outside its traditional heartland as it eyes eventual growth to 100 sites.

Read more​: http://www.mca-insight.com/news/operators/pubs/joules-eyes-new-areas-in-bid-to-reach-100/536182.article​