Marston’s H1 lfls up 3% in managed and franchised
Marston’s has reported like-for-like sales growth of 3% across its managed and franchised pubs in the six months to 2 April.
Marston’s: New-build strategy; accommodation and price increases
Marston’s chief executive Ralph Findlay speaks to MCA following the company’s results for the six months to 2 April.
Intertain secures Coventry site
Walkabout operator Intertain has completed on the lease of The Establishment Bar & Grill in Coventry.
Read more: http://www.mca-insight.com/news/operators/pubs/intertain-secures-coventry-site/536402.article
Young's FY managed lfls up 5.6%
Young’s saw like-for-like sales in its managed division grow 5.6% in the year to 28 March, with total sales up 5.6%.
Read more: http://www.mca-insight.com/news/operators/pubs/youngs-fy-managed-lfls-up-56/536391.article
Peach secures £9.5m expansion fund
Peach, the Midlands based pub operator, has secured a £9.5m refinancing as it seeks to grow from 17 to 22 sites.
Read more: http://www.mca-insight.com/news/operators/pubs/peach-secures-95m-expansion-fund/536350.article
ETI: Pubs code delay; Tenancy Plus and managed growth
Enterprise Inns chief executive Simon Townsend talks to MCA on the back of the group’s performance in the first half of this financial year.
Upham Group eyes growth to 30 despite IPO delay
Upham Group finance director Robb Harris has told MCA the company will still target a doubling in size within three years following its delayed IPO.
St Austell managed estate fuels record FY results
St Austell saw each of it managed sites record revenue in excess of £1m for the first time, as it achieved a record turnover of £137.4m for the year to 2 January.
ETI completes sale of 22-strong portfolio for £20m
Enterprise Inns has completed the sale of a portfolio of 22 commercial properties, comprising 17 pubs and five convenience stores for a sum of £20m
Joule’s eyes new areas in bid to reach 100
Steve Nuttall, managing director of Joule’s, has said the company is likely to look outside its traditional heartland as it eyes eventual growth to 100 sites.