Investment

Pubs code

British Beer and Pub Association hits out at 'unworkable' pubs code

15-Apr-2016 By Emily Sutherland

British Beer and Pub Association (BBPA) chief executive Brigid Simmonds has said key parts of the final version of the pubs code are ‘unworkable’ and that she will be seeking an urgent meeting with Department of Business, Innovation and Skills (BIS) ministers.

Revolution Bars reports sales up 2.7%

01-Mar-2016 By MC Allegra FS

Revolution Bars has reported like-for-like sales up 2.7% for the six months to 31 December.

City news

Heineken to invest £20m in Star pubs improvement work

25-Feb-2016 By Emily Sutherland

Heineken is set to spend a further £20m on pub improvements throughout 2016.

Legislation

Fair Pint's Clarke: "Heaven forbid tenants might actually make a decent living"

18-Nov-2015 By Simon Clarke

Fair Pint campaigner Simon Clarke gives his view on the tenanted debate and busts a few myths on pubco objections to the new legislation.

City news

Enterprise grows managed estate to 36 sites

17-Nov-2015 By MC Allegra FS

Enterprise Inns has grown its managed estate to 36 and its commercial property estate to 213 sites during the year to 30 September.

Finance

City digest - 6 November

05-Nov-2015 By PMA

This week's city news include Intertain, Meantime, PubLove.

Legislation

Draft pubs code battle begins

03-Nov-2015 By Mike Berry & Michelle Perrett

Pubco reform campaigners are set to launch a battle to get parallel rental assessments (PRA) reinserted back into the pubs code.

Property

Strong investment seen in capital freeholds

02-Nov-2015 By Nick Lyell

Nick Lyell explains the slight reduction in average London pub yields in the freehold market and why there is still such huge demand from a multitude of investors.

City news

Brewhouse & Kitchen has potential to be 50-strong venture

23-Oct-2015 By MC Allegra FS

Brewhouse and Kitchen, the Enterprise Investment Scheme (EIS) backed venture, has a vision of building a group of more than 50 pubs across the country.

Star to invest £3.7m in 20 Newcastle refurbishments

08-Oct-2015 By MC Allegra FS

Star Pubs & Bars is to invest £3.7m in 20 major refurbishments in and around Newcastle by the end of 2015.

Punch: 'Mr Garrood needs to walk 100 miles in the shoes of one of his tied tenants'

05-Oct-2015 By Simon Clarke

Leading pubco reform campaigner Simon Clarke responds to recent comments made by Punch Taverns' chief executive Duncan Garrood in the PMA about the pubs code and market-rent only option.

Stonegate buys 53 pubs from Tattershall Castle Group

29-Sep-2015 By M&C Allegra

Stonegate Pub Company, the TDR Capital-backed, managed pub operator, has agreed to acquire the majority of Tattershall Castle Group (TCG), for an undisclosed sum.

JDW reports 3.3% increase in sales

11-Sep-2015 By Oli Gross

JD Wetherspoon has reported a 3.3% increase in like-for-like sales for the 52 weeks to 26 July, with revenue up 7.4% to £1.51bn, but pre-tax profit down 2% to £77.8m.

City news

Punch agrees £53.5m disposal to NewRiver

24-Aug-2015 By MC Allegra FS

Punch Taverns has this morning confirmed it has agreed to sell a package of 158 non-core pubs to NewRiver Retail, the UK REIT that specialises in the food and value sector, for £53.5m.

Star on track to invest £30m in estate and eyes first managed pub

02-Jul-2015 By Ed Bedington

Dutch brewing giant Heineken has announced plans to invest up to £30m into its Star Pubs and Bars estate and is also on course to open its first managed pub site.

Fuller's sales up 6.3% in managed and 5% in tenanted

05-Jun-2015 By M&C Allegra FS

Fuller’s recorded like-for-like sales growth of 6.3% in its managed arm for the year to 28 March with like-for-like profits up 5% in its Tenanted Inns division.

Punch

Punch places portfolio on the market

26-May-2015 By M&C Report

Punch Taverns has placed a 160-strong portfolio of pubs on the market, valued at £50m according to M&C Report.

property

Pensions freedom stirs lease market

17-Apr-2015 By Ed Jefferson and Stephen Taylor

Investors turn to bricks-and-mortar pubs in order to secure better returns from their pension pots

Novus invests £4m in renovation

14-Apr-2015 By M&C Report

Novus Leisure, the premium bar and restaurant operator, plans to invest about £3m to £4m on updating close to a quarter of its 45-strong estate during the coming six months, M&C Report understands.

Star to buy big ticket items for new lessees

02-Apr-2015 By Mike Berry

Star Pubs & Bars has said it will pay for big ticket items such as ovens, fridges and grills for lessees taking on new pubs.

Comment

Heineken: We will rise to the challenge of the pubs code

25-Mar-2015 By David Forde

It’s time to rise to the challenge of reform and secure the future of the Great British Pub.

Budget 2015: Reaction from the pub trade

18-Mar-2015 By Ellie Bothwell

Industry figures and organisations have responded to George Osborne’s Budget, in which he announced a 1p per pint cut in beer duty for the third year in a row.

BUDGET 2015

Third duty cut will grow brewing sector says SIBA

12-Mar-2015 By James Wallin, M&C Report

A third cut to beer duty will enable the continued growth in beer production, fuel sales growth, encourage investment and boost employment the Society of Independent Brewers Association (SIBA) has argued.

Stonegate pub portfolio sold for £30m

16-Feb-2015 By Mark Wingett, M&C Report

A 23-strong package of pubs let to Stonegate Pub Company has been sold by its private equity backer TDR Capital to real estate investment company Mansford for c£30m.

SIBA calls for third cut in beer duty

13-Feb-2015 By Ellie Bothwell

A third cut in beer duty would provide a further boost to growth, employment and investment in British brewing, while increasing tax revenue to the Treasury, the Society of Independent Brewers Association (SIBA) has claimed in its Budget submission.

Punch Taverns celebrates new business launch milestone

11-Feb-2015 By James Wallin, M&C Report

Punch Taverns’ New Business Team has announced it has clocked up its 250th partner launch.

Enterprise to review investment plans due to pubs code uncertainty

05-Feb-2015 By James Wallin, M&C Report

Enterprise Inns has reported like-for-like net income growth of 0.3% for the 18 weeks to 31 January and confirmed it is reviewing its capital investment plans because of uncertainty over the pubs code.

MRO: Pubco 'investment exemption' rejected

03-Feb-2015 By James Wallin

A bid to exempt pubcos from having to offer the market rent only option if they agree to significantly invest in a tenant’s pub has been rejected by the Government.

Albion Ventures reviews options for Bravo Inns

27-Jan-2015 By Mark Wingett, M&C Report

Albion Ventures, the investment vehicle, is reviewing its options with regards to Bravo Inns, the Cheshire-based pub company led by Ken Buckley.

Tory peer: Muslim population increase to blame for pub closures

04-Dec-2014 By Rob Willock

Pub closures are being caused in part by an increase in the Muslim population, rather than because of pubco behaviour, according to a Conservative peer.

Greene King reports half-year revenue growth

04-Dec-2014 By James Wallin, M&C Report

Greene King has reported revenue growth of 5.3% across its retained business to £613.1m with profit before tax up 3% for the 24 weeks to 19 October.

Full-year sales and revenue up at M&B

25-Nov-2014 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.

Full-year profits flat at Enterprise Inns

18-Nov-2014 By James Wallin, M&C Report

Enterprise Inns has reported like-for-like net income growth of 1.4% for the year ending 30 September – up 0.5% in the final quarter.

TV campaign for Chambord liqueur

06-Nov-2014 By Robyn Black

Bacardi Brown-Forman Brands is upping investment in Chambord by 30% next year, following a successful 12 months for the brand.

Hawthorn Leisure completes Nectar deal

22-Oct-2014 By Mark Wingett, M&C Report

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.

Spirit Pub Company reports healthy full-year sales

22-Oct-2014 By Mark Wingett

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.

Star Pubs & Bars ends disposal programme

17-Oct-2014 By Rob Willock

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.

Punch tenants say pubco 'must change'

16-Oct-2014 By Ellie Bothwell

Punch Taverns bosses have reiterated that it is “business as usual” following the long-awaited completion of its financial restructuring, despite demands for a corresponding rebalancing of its relationship with tenants.

Spirit Pub Company rejected 'undervalued' Greene King bid

23-Sep-2014 By John Harrington, M&C Report

Spirit Pub Company said it rejected a 100p-per-share offer from Greene King because it “undervalued” the firm.

Seven Brooklyn-style bars for new Ruth & Robinson concept

19-Sep-2014 By Ruth Williams, M&C Report

Imbiba Partnership, the investment company behind Drake & Morgan and Hamilton & Bond, is launching a new concept called Ruth & Robinson to roll out seven new bars inspired by Brooklyn, New York, the Publican's Morning Advertiser's...

Luminar announces details of £3.3m refurbishment programme

07-Aug-2014 By James Wallin

Luminar has announced a £3.3m refurbishment programme for the summer and confirmed opening dates for two new nightclubs in Wales.

World Cup helps Enterprise achieve 'encouraging' growth

07-Aug-2014 By John Harrington

Enterprise Inns saw like-for-like net income growth accelerate to 2.1% in the three months to 2 August, helped by the World Cup and the company’s “on-going operational initiatives”.

Imbiba raises £6m for fledgling concepts

02-Jul-2014 By John Harrington

Imbiba Partnership, the investment vehicle led by John Connell, has completed its latest round of fundraising, raising £6m to invest across its two concepts Darwin & Wallace and Camm & Hooper.

Investor Luke Johnson acquires stake in InnBrighton

02-Jul-2014 By John Harrington

Serial sector investor Luke Johnson’s vehicle Risk Capital Partners has invested in InnBrighton, the Brighton-based pub company, which has been renamed the Laine Pub Company, the Publican's Morning Advertiser's sister title M&C Report has...

Neame 'more optimistic than ever' about tenanted sector

17-Jun-2014 By Ruth Williams

Shepherd Neame chief executive Jonathan Neame has said he’s more optimistic about the tenanted pub sector now than at any point during 23 years in the industry, and the time is ripe to make investments.

Analyst predicts rise of 'new regionals' in pub sector

16-Jun-2014 By Ruth Williams

The number of pubs owned by microbreweries could grow from 1% of the market to 10% over the next decade, with financial buyers also busy in the sector, according to Nigel Parson, independent analyst from Dryburgh Research.

City Pub Co EBITDA nears £1m in 'transformational' year

06-Jun-2014 By John Harrington

City Pub Company, the Enterprise Investment Scheme (EIS)-backed operator, has reported EBITDA of £912,166 in a “transformational” year to 29 December.

Luminar sites net big investments

29-May-2014 By John Harrington

About half of Luminar’s 53-strong estate is scheduled to have received significant investment by the end of the current financial year, with c.£5m earmarked for major work at 15 sites during 2014/2015.

M&B in exclusive talks to buy 175 Orchid pubs

29-May-2014 By James Wallin

Mitchells & Butlers (M&B) has confirmed that it has in exclusive talks to buy the majority of the Orchid estate – with the rest to be placed in administration.

PMA survey reveals pensions timebomb for publicans

28-May-2014 By Mike Berry

Licensees are sitting on a potential pensions timebomb, with the majority not making any provision for their retirement, according to new PMA reader research.