Companies

JD Wetherspoon like-for-like sales rise 5.2%

JD Wetherspoon like-for-like sales rise 5.2%

By John Harrington

JD Wetherspoon has reported a 5.2% rise in like-for-like sales in the 26 weeks to 26 January, with profits before tax and exceptionals up 8.5% to £37.8m.

Spirit Leased sees four-fold rise in applicants

Spirit Leased sees four-fold rise in applicants

By Noli Dinkovski

Spirit Pub Company’s leased division has claimed its “flexible and innovative” approach to leasehold agreements and its commitment to on-site training has resulted in a four-fold increase in licensee applications in the first three months of 2014.

Orchid 'in IPO talks with advisors'

Orchid 'in IPO talks with advisors'

By Mark Wingett

Deutsche Bank is understood to be conducting a beauty parade of potential advisors to a possible initial public offering (IPO) of Orchid Group, the Publican's Morning Advertiser's sister title M&C Report has learned.

Iona lines up franchise deal

Iona lines up franchise deal

By John Harrington

Iona Pub Partnership, the tenanted arm of Scottish leisure operator G1 Group, is putting together a franchise model for part of its estate in a bid to “be more creative” in the way it operates its sites.

barbox.com iTradeNetwork Molson Coors

barbox.com to be replaced by individual supplier websites

By Ellie Bothwell

iTradeNetwork, the owners and operators of online ordering website barbox.com, has closed the service, replacing it with individual supplier websites that it claims will provide customers with “an improved and more tailored ordering experience”.

Pub company Spirit apprenticeship

Pub companies embrace apprenticeships

By John Harrington

The 10 largest managed pub operators expect to employ over 9,000 apprentices during 2014, more than twice as many as last year, new figures show.

Shepherd Neame growth rate accelerates

Sheps growth accelerates across estate

By John Harrington

Shepherd Neame, the Kent-based brewer and pub operator, saw growth accelerate across its tenanted and managed pubs, its hotels and core brands in the 26 weeks ended 28 December, with managed like-for-likes up 7.5% in the period.

Maclay Inns develops BBQ pub concept

Maclay Inns develops BBQ pub concept

By John Harrington

Maclay Inns, the Scottish pub and bar operator, is to launch a new pub concept featuring barbecue food and craft beer.

Stonegate chief Toby Smith to leave

Stonegate chief Toby Smith to leave

By John Harrington

Stonegate, the managed operator, has announced that chief executive Toby Smith is to leave the company as soon as a suitable successor can be appointed.

Batemans new franchise concept

Batemans creates ‘manchise’ deal

By John Harrington

Batemans, the Lincolnshire-based brewer and pub operator, has developed a management/tenancy hybrid agreement for future pub acquisitions, the Publican's Morning Advertiser's sister title M&C Report has learned.

CAMRA pub closure

Net pub closures reach 28 per week

By Mark Wingett

The number of net pub closures in the UK has risen from 26 to 28 per week, with leased and tenanted pubs accounting for 16 of those closures, according to figures from the latest CGA-CAMRA Pub Tracker.

Punch Taverns debt restructure warning

Punch warns on debt default again

By John Harrington

Punch Taverns has stated that it would default on its debt payments within 30 days of the 15 April covenant testing date if it fails to achieve its restructuring plan, and warned of the “material negative impact on the business” if its plan is not approved...

Pub Market Report survey shows pub sales boosted by good weather

Pub Market Report: Sales grow; profits flatline

By Noli Dinkovski

Last year’s good summer helped boost pub sales, but increases to business running costs continue to hold back profit growth, the Publican’s Morning Advertiser’s annual Pub Market Report survey has found.

Dixon:

My message to the new Enterprise chief

By Phil Dixon

After more than 20 years as chief executive, Ted Tuppen left Enterprise Inns this month. The question everyone is now asking is: what will happen now Simon Townsend has taken over? Pub trade consultant Phil Dixon offers his 10 suggestions.

HMRC tax rebate pub

HMRC demands return of pubs’ machine tax rebates

By Ellie Bothwell

Pub operators will shortly receive demands to pay back the “several hundred million pounds” collectively owed in “overpaid” tax rebates in 30 days, HM Revenue & Customs (HMRC) has confirmed.

Philip Lay to leave Brains after 12 years

Philip Lay to leave Brains

By John Harrington

SA Brain has announced that retail director Philip Lay is to leave the business at the end of March, after 12 years with the company.

Stonegate's Missoula concept to grow

Missoula ‘bias’ in Stonegate site conversions

By John Harrington

Stonegate’s conversions of its Living Room sites will have a “bias” towards Missoula, the group’s new US-inspired venture, according to chief executive Toby Smith.

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