MorningAdvertiser City News

News of all the latest deals, results, appointments and speculation from the City - all backed up with incisive, first rate analysis.

05/03/2015 12:54 AM
Brakspear tenants' survey reveals positive results

More than nine out of 10 Brakspear tenants (92%) would renew their agreement with the company, according to the pub operator’s survey of its tenants.

27/02/2015 02:43 AM
PS - the Pub Company rolls out Blue's Smokehouse concept

PS - the Pub Company will open its second Blue's Smokehouse in Twickenham this weekend as it looks to roll out the concept in and around London.

23/02/2015 09:38 PM
Revere Pub Company opening two more pubs with rooms

Revere Pub Company, the premium pub format created by Marston's, has announced the opening of two new pubs with rooms.

04/02/2015 08:20 PM
Star Pubs & Bars invests £75k in lessees' retail skills

Star Pubs & Bars is investing £75,000 in running new retail skills workshops for its lessees, which it anticipates will deliver 1,000 days of free training this year.

18/12/2014 08:04 PM
JDW makes internal FD appointment

JD Wetherspoon has looked internally to cover its vacant finance director role, promoting Ben Whitley, who has been with the company since 1999, on an interim basis.

17/12/2014 02:27 AM
McMullen pays bonuses to more than half its tenants

Hertfordshire-based brewer and pub operator McMullen has paid out bonuses of up to £10,000 to more than half its tenants for driving tied sales above expectations.

24/11/2013 08:38 PM
Wetherspoon's secures first pub in Ireland

JD Wetherspoon, the managed operator, has exchanged contracts to purchase its first pub in the Republic of Ireland and says it plans to open between 10 and 20 in the country over the next five to 10 years.

18/06/2013 05:43 PM
Spirit Pub Company sales on track despite tough trading

Spirit Pub Company has reported a 2.6% rise in like-for-like sales across its managed estate for the six weeks to 25 May, a performance that bounced back after a 3.8% decline in the proceeding six weeks, which it said was impacted by an “an exceptionally cold start to spring”.

13/05/2013 07:34 PM
Enterprise Inns reports "challenging" first half of the year

Enterprise Inns has reported that the first half of its financial year had been “particularly challenging” with like-for-like net income across its estate down 4.2% in the six months to 31 March.

06/12/2012 01:12 AM
Enterprise claims increased taxation is biggest threat to tenant profitability

Enterprise Inns caused much derision and some cynical comments on the PMA’s online forum when it announced last month that the average Enterprise licensee achieves a profit of £45,000 a year (including a £10,000 estimate of the value of accommodation), while Enterprise gains an income of £67,000 and the Treasury takes a whopping £145,000.

26/11/2012 07:52 PM
Greene King chief executive Rooney Anand reiterates his support for minimum pricing

Greene King chief executive Rooney Anand has reiterated his support for introducing a minimum price for alcohol ahead of the Government’s expected consultation on the measure.

23/08/2012 11:18 PM
Harveys could apply pub franchise agreement to future pub acquisitions

Harveys, the Sussex brewer and pub operator, could apply its pub franchise agreement to future pub acquisitions, joint managing director Hamish Elder has revealed.

05/06/2012 11:07 PM
Red Mist Leisure plans to open fourth pub

Red Mist Leisure, the Surrey-based multiple pub operator, is to open its fourth site, a private leasehold with an option to buy the freehold at a later date.

29/03/2012 05:06 PM
Collapsed Calco owes £23m

Calco Pubs, the 79-strong pub group, which was placed into administration in January, collapsed with debts of £23.4m.

21/03/2012 08:26 PM
BBPA reports 10% decline in income

The continuing pub-disposals programme among major pubcos, and the on-going decline in beer sales, contributed to a 10% fall in income for the British Beer & Pub Association (BBPA) in its most recent accounts.

20/03/2012 03:20 AM
Thwaites to spend £1m on 40 pubs

Daniel Thwaites, the Lancashire brewer and pub operator, is to increase investments in its estate over the next 12 months, with a £1m spend planned at 40 pubs.

15/11/2011 10:40 PM
Pieminister to open pop-up shop

Premium pie maker Pieminister is opening a pop-up shop in east London at the end of the month (28 November).

18/10/2011 04:56 PM
BrewDog eyes more bar openings and £7m brewery

BrewDog, the Scottish brewer, is eyeing Leeds, Birmingham and Sheffield for its next craft beer bar openings.

13/10/2011 01:40 AM
Cal Management falls into administration

Cal Management, the pub operator that bought 44 community sites in northern England out of administration two years ago, has itself fallen into administration because of “difficult” trading conditions.

13/10/2011 01:30 AM
Inventive reports increased losses

Inventive Leisure, the Revolution Vodka Bar operator, saw pre-tax losses increase in the year to 30 June 2011 after incurring an £880,000 impairment charge and higher interest payments.