Archives for November 25, 2014

← 2014

Full-year sales and revenue up at M&B

By Mark Wingett, M&C Report

Mitchells & Butlers (M&B) has this morning reported a 0.6% increase in like-for-like sales for the 52 weeks to 27 September 2014, while total revenue climbed 4% to £1.97bn.

Admiral sees full-year earnings and revenue rise

By Mark Wingett, M&C Report

Admiral Taverns, the tenanted pub operator, has reported a 3.8% increase in underlying EBITDA to £21.5m for the year to 31 May 2014, which it described as a “significant and successful period of development for the company and its licensees”.

MPs prescription will cause more harm than good

By David Forde

Breaking the beer tie means less investment, more pub closures and a vicious cycle of decline, not a virtuous circle of growth, argues David Forde, UK managing director of Heineken.

Make Some Noise: Kris Hopkins backs campaign

By Ellie Bothwell

Community Pubs Minister Kris Hopkins has backed the Publican's Morning Advertiser’s Make Some Noise campaign and pledged to issue guidance for local authorities to help pubs in the plight they face.

Tenants groups hail MRO clause in pubs code

By Mike Berry

Tenant groups have expressed their delight at last week’s vote by MPs to include a market rent-only (MRO) clause in the statutory pubs code, claiming its introduction will be transformational for tied tenants.

Food sales drive managed performance at Fuller’s

By Mark Wingett, M&C Report

Fuller’s has reported a 6.5% increase in like-for-like sales across its managed pubs and hotels division, helped by a rise in like-for-like food sales of 7.7% for the 26 weeks to 27 September 2014.

Beer School: The Kernel

By Jessica Mason

Cheesemonger turned brewer Evin O’Riordan is the founder of The Kernel Brewery which is nestled under a railway arch in Bermondsey.