The majority of employers are confident that they will receive a positive return on investment (ROI) from the money they’ve paid into the apprenticeship levy, according to a survey of members of the People 1st Apprenticeship Network.
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.
The 50-strong pub restaurant business operated by The Restaurant Group delivered an “outstanding performance” in the 26 weeks to 29 June, with “significant increases” in both revenue and profit.
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.
Inventive Leisure, the Revolution bar operator, says it now plans to return to the acquisition trail after successfully refinancing its bank facilities.
Intertain, the Walkabout bar operator, has reported a 60% rise in pre-exceptional operating profit in the year to 2 February, with EBITDA up 7.9% to £5.3m, as it saw the benefit of its estate investment programme and surrender of leases on unprofitable...
Luminar, Britain’s biggest nightclub operator, has returned to profit in its first full financial year under the Peter Marks-led consortium, as it saw returns on investment from its recent programme exceed 50%.
Amber Taverns, the fast-growing operator of wet-led community pubs, saw EBITDA increase by one third to £6.8m in the year to 3 February as the 86-strong company reiterated plans to open 12 sites this year.
Intertain has reported narrowing losses in the year to 28 January 2012, saying its refurbishment programme at its core Walkabout estate was delivering high returns on investment.
Licensees must be given a fairer share of tied pub profits if the industry is to attract more people with the right entrepreneurial skills, a trade leader has warned.
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...
