Scottish pub and bar operator Maclay Group is looking to add a craft beer offer across its 26-strong estate as the company reports a pre-tax loss of £169,895 in the 16 months to 1 February 2014.
Admiral Taverns has reported a 7.1% rise in underlying EBITDA to £10.4m in the 23 weeks since its c£200m acquisition by US private equity group Cerberus.
Amber Taverns, the fast-growing operator of wet-led community pubs, is set to acquire another 30 sites after it increased its debt facility with Lloyds Banking Group by £5m to £27.5m.
Pub-trade brokers have said they expected high-street banks to fall short of lending targets for offering finance to small and medium enterprises (SMEs) under the Project Merlin agreement.
Kevin Georgel, the highly-regarded operations director within Punch Taverns' leased arm, is to join Admiral Taverns as managing director. Georgel is to replace Lynne D'Arcy, who has decided to step down from Admiral.
Lloyds Banking Group is likely to swap its debt in Admiral Taverns for equity, according to Companies House documents filed several months late by the tenanted pub company. Admiral has debts of £855m with Lloyds.
Punch will delay a stockmarket flotation until the autumn; Burger King, the Diageo-owned fast food chain may be bought out by management, backed by Texas Pacific; directors at Cadbury Schweppes have sold £1.3m of shares; newspapers will be f
Could you run this Warrington pub? The Hawthorne is a thriving community sports pub in Warrington, showing live sport each day, along with live music every...
