City news digest: City Pub Co, Faucet Inn & Brakspear

The Publican's Morning Advertiser's weekly digest of city and business news - provided by MCA.

City Pub Co grows FY EBITDA 36%

City Pub Company chairman Clive Watson has told MCA the company’s 36% uplift in EBITDA for the year to 27 December shows the group’s “controlled momentum”.

Read more: http://www.mca-insight.com/news/operators/pubs/city-pub-co-grows-fy-ebitda-36/535836.article

Faucet Inn sees FY rise in sales and profits

Faucet Inn saw pre-tax profits more than double in the year to 25 July 2015, with turnover rising from £9m to £10.3m.

Read more: http://www.mca-insight.com/news/finance/results/faucet-inn-sees-fy-rise-in-sales-and-profits/535885.article

JW Lees appoints director of people

JW Lees has hired Nik Waring as its first director of people

Read more: http://www.mca-insight.com/news/people/jw-lees-appoints-director-of-people/535894.article

Ducalian Capital secures Clerkenwell’s Coach & Horses

The Coach and Horses in London’s Clerkenwell has been sold by off a guide price of £2.8m to Ducalian Capital

Read more: http://www.mca-insight.com/news/operators/pubs/ducalian-capital-secures-clerkenwells-coach-and-horses/535833.article

Young’s acquires Greenwich’s Old Brewery

Young’s has added two new sites, including the acquisition of the Old Brewery site in Greenwich from Meantime for a seven-figure sum.

Read more: http://www.mca-insight.com/news/operators/pubs/youngs-acquires-greenwichs-old-brewery/535820.article

Harry Ramsden’s to open second pub this month

Harry Ramsden’s is to open its second partnership with Punch at the Three Bridges pub in South Queensferry, Edinburgh, at the end of this month, MCA understands.

Read more: http://www.mca-insight.com/news/operators/pubs/harry-ramsdens-to-open-second-pub-this-month/535823.article

B&K acquires three JDW sites

Brewhouse & Kitchen has secured three JD Wetherspoon sites.

Read more: http://www.mca-insight.com/news/operators/pubs/bk-acquires-three-jdw-sites/535824.article

Brakspear eyes next stage of growth in managed arm

Brakspear chief executive Tom Davies has said the company will go beyond its initial target of 10 managed sites as it seeks to strengthen its operations team for the division.

Read more: http://www.mca-insight.com/news/operators/pubs/brakspear-eyes-next-stage-of-growth-in-managed-arm/535778.article