Companies

McMullen invests in major refurb programme

McMullen invests in major refurb programme

By Ruth Williams

McMullen, the Hertford-based brewer and pub company, has invested £240,000 renovating five of its pubs as part of its on-going investment plans across its estate.

Leading operators experience Easter weekend sales dip

Leading operators experience Easter weekend sales dip

By Mark Wingett

Like-for-like sales declined 3.8% over the Easter weekend across 25 leading pub and restaurant groups against the corresponding four-day holiday last year, according to latest figures from the Coffer Peach Business Tracker.

Greene King sells 275 pubs to Hawthorn Leisure

New pubco snaps up 275 Greene King sites

By Mark Wingett

Hawthorn Leisure, a new pub company established to acquire, invest in and support pubs across the UK, has exchanged contracts for the acquisition of a portfolio of 275 tenanted and leased public houses from Greene King for £75.6m.

CAMRA votes to stop working with pubcos

CAMRA votes to stop working with pubcos

By James Wallin

The Campaign for Real Ale (CAMRA) is to step up its opposition to some pubcos after a member “revolt” at its national conference at the weekend.

Punch Taverns bondholders vote to waive covenants

Punch Taverns bondholders vote to waive covenants

By Mark Wingett

Talks regarding the restructuring of Punch Taverns are set to continue after the pub company announced this morning that its bondholders had voted in favour of waiving covenants that would otherwise have placed the company in default.

Greene King loses tax appeal

Greene King loses tax appeal

By John Harrington

Greene King, the brewer and pub operator, has lost an appeal relating to its tax avoidance scheme and could be forced to pay back roughly twice the amount of tax it tried to avoid.

Sidbury Community Enterprises launches share offer for Red Lion

Community group launches share offer for Red Lion in Sidbury

By Ellie Bothwell

Campaigners hoping to save a Devonshire village pub have launched a share offer, after Punch Taverns agreed to sell the property to a community enterprise group for £190,000 — significantly below its original asking price of £295,000.

Bernard Brindley BII chairman dies

BII chairman Bernard Brindley dies

By John Harrington

Bernard Brindley, the pub industry stalwart and chairman of the BII (British Institute of Innkeeping), has died, aged 63.

Pubs report positive first quarter in 2014

Pubs report positive first quarter in 2014

By John Harrington

Trading in the first three months of 2014 has been broadly positive for operators, who are generally optimistic about the year ahead, a snap poll by the Publican's Morning Advertiser's sister title M&C Report has found.

Expansion planned for Chilli White

Expansion planned for Chilli White

By John Harrington

The Drinks Group, a vehicle formed out of remains of the former Yellowhammer estate, is looking to add further sites under its Chilli White restaurant and bar brand.

Allegra Foodservice eating-out research

Pubs grow share of eating-out market

By Phil Mellows

Pubs are increasing their share of the UK eating-out market at the expense of restaurants, new research by Allegra Foodservice has found.

Stonegate prices £400m of bonds

Stonegate prices £400m of bonds

By Mark Wingett

Stonegate Pub Company, the TDR Capital-backed group, has completed the successful pricing of £400m senior secured notes due in 2019, after announcing the bond offer last week.

American Express pub happy hour research

Happy hour 'still important to pubs'

By Phil Mellows

Happy hours continue to play an important role in driving trade in pubs and restaurants on weekdays, new research has suggested, with customers looking for deals on food and soft drinks as well as alcohol.

Punch noteholder committee favours covenant waive

Punch noteholder committee favours covenant waive

By John Harrington

A group representing senior Punch Taverns noteholders has signalled its acceptance of the pub company’s request to waive its covenant and avoid default on its debt securitisations.

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