Investment

Chef & Brewer: investment promised

Punch to invest £38m in managed pubs

By The PMA Team

The managed division of Punch plans to invest £38m in refurbishing between 230 and 240 pubs this financial year. The company would focus on four brands: Chef & Brewer, Fayre and Square, Taylor Walker and Flaming Grill.

Punch: investing in its pubs

Punch pumps £15m into I4G extension

By Robyn Black

Punch Taverns has confirmed plans to extend its Investing For Growth scheme into next year, earmarking a further £15m to help another 350 pubs.

JDW: unveiled record sales

Pre-tax profit up 7.3% at Wetherspoons

By Martyn Leek, M&C Report

JDW has this morning unveiled record sales of £996.3m and a 7.3% increase in profit before tax and exceptional items of £71m, up from £66.2m.

Greene King: directors' bonus details revealed

Greene King's bonus rise

By The PMA Team

Greene King directors and senior executives are to have potential bonuses increased from 100% of annual pay to 150% of annual pay in the current...

Orchid: value carvery in 15 sites

Orchid adds value to 15 carveries

By Jo Bruce

Orchid Group is offering a value carvery offer in 15 sites, with plans to extend the concept further. Three new sites are trading as value...

Orchid: food sales drive growth

Orchid reports strong food growth

By The PMA Team

Managed pub company Orchid Group has unveiled a 2.7% increase in like- for-like sales for the 14 weeks to 5 June across its pubs and restaurants.

Tenant profitability must be stabilised

Analysts told: look at tenants' profits

By Ewan Turney

A leading corporate finance adviser believes city analysts have got it wrong in the way they analyse pubco profitability. Speaking at the Tenanted...

Punch: 250 investments in four months

Punch half way in £20m investment

By The PMA Team

Punch Taverns will be more than halfway through its plan to invest £20m on 450 leased sites by the start of the World Cup next week. The company,...

S&NPC: investment promised on pubs

S&NPC offers new leases on 15 pubs

By Ewan Turney

Scottish & Newcastle Pub Company (S&NPC) is offering new leases on 15 pubs set for over £1.7m worth of investment.

Luminar: 19.4% sales drop

Luminar reports 19.4% sales drop

By The PMA Team

Nightclub company Luminar has reported a loss of £123.1m for the year to 25 February with trade worsening in its current year — like-for-like...

Moore: 'a targeted investment will ensure good ROI for all'

S&NPC invests £10m in estate

By The PMA Team

The Scottish & Newcastle Pub Company (S&NPC) estate is set to benefit from a £10.5m investment in 2010.

Georgel: support for licensees

£20m 'sparkle' for 450 Punch pubs

By The PMA Team

Punch Taverns is to invest up to £20m on "sparkle jobs" at around 450 pubs, with a view to providing a trading boost for licensees. The plan is...

Harvester: set for grwoth

M&B to 'rapidly reshape' to food-led

By Ewan Turney

Mitchells & Butlers is to "rapidly reshape" into a food-led business and plans a withdrawal from the more price sensitive drinks-led business....

M&B: results of review announced

Mitchells & Butlers to sell up to 300 pubs

By The PMA Team

Mitchells & Butlers is likely to sell between 10 and 15% of its estate — 200 to 300 wet-led pubs — to fund investment in growing key food-led brands.

The Derby Arms in Widnes is available for £250,000

S&NPC puts 43 pubs on the market

By The PMA Team

Scottish & Newcastle Pub Company (S&NPC) is putting 43 pubs across England and Wales up for sale this week through Fleurets.

Grogan: concerns over M&B

MP voices concerns over job losses at M&B

By Mark Stretton, M&C Report

Labour MP John Grogan has again voiced concerns about job losses at pub operator Mitchells & Butlers (M&B) ahead of a review of the business...

Energy performance: pubs on the market must have an EPC carried out

Beware cut-price pub EPC assessment

By Gemma McKenna

Experts have warned against illegal energy performance certificates, which are being offered at cut-price rates by assessors who don't visit pubs.

Tuppen: earned £147,000 bonus

Enterprise Inns directors' pay revealed

By Ewan Turney

Enterprise Inns chief executive Ted Tuppen received a pay package of £811,000 for 2009, including benefits and bonuses, according to the company's...

Blue Sky thinking

Blue Sky thinking

Rising energy costs - the bane of many a publican's life. You should have already taken steps to tackle them…through ensuring you are on the best...

Anand: quick and decisive action has helped

Greene King reports 'strong' performance

By The PMA Team

Greene King has reported a "strong performance" with a 2.8% rise in profit before tax to £62.4m for the 24 weeks to 18 October.  Revenue was...

Energy Savings plan: working at the Crown

Green pub reduces bills

By Gemma McKenna

A Surrey pub has cut its energy bills by a third by changing its lighting, adding extra insulation and collecting rainwater. The improvements mean...

Pub in the Park: the event has been called off

Pub in the Park is cancelled

By Gemma McKenna

Pub in the Park, the open-air festival designed to celebrate great British pubs, has been cancelled, citing slow ticket sales and the challenging...

Enterprise: invested in BDM training

Enterprise: parts of BEC hard to argue with

By The PMA Team

A senior executive at Enterprise Inns has stated that there are recommendations within the BEC report, which was highly critical of pubco/tenant relations, that "are difficult to argue with".