Financial

Brakes’ parent losses up 37%

Brakes’ parent losses up 37%

By John Harrington, M&C Report

Cucina Lux, the parent company of foodservice supplier Brakes, saw losses increase 37% in 2010, with UK operating profits before exceptional items down 20.3% as sales growth slowed.

Price increases at 3663

Price increases at 3663

By Gurjit Degun

Food-led pubs are set for more doom and gloom over food prices, as foodservice company 3663 has confirmed that it will increase the cost of 35% of its products this month.

Dragons Done?

Dragons Done?

By Publican Sam

It’s not often that the TV makes me want to write about it, but the latest episode of BBC TV’s Dragon’s Den (series 9, episode 7) caught my attention to such an extent that I want to share a few thoughts.

Taking it and making it

Taking it and making it

By Alastair Scott

How pub operators need to strike the right balance between making and saving money.

Jim Walsh: will be missed

Jim Walsh: his restless energy will be missed

By The PMA Team

Pub entrepreneur Jim Walsh, who has died aged 69, was the kind of character that leaves a strong impression on all those who were lucky enough to have known him, says The PMA Team.

Pubs are seen as a key driver of economic growth

Leisure sector 'will drive economic growth'

By John Harrington, M&C Report

Businesses view the hospitality and leisure sector as a key driver of economic growth in the UK over the next decade, according to a survey by...

Jennings: GBBF could be moved around the country

It's time to sell GBBF to the wider world

By Tony Jennings

The Great British Beer Festival is becoming a venerable British institution but could benefit from a bit of a rethink, says Tony Jennings.

Fitzgeralds in Whitley Bay: part of the group

Sir John Fitzgerald reports £1.4m loss

By John Harrington, M&C Report

North-east managed pub operator Sir John Fitzgerald (SJF) has reported a loss of £1,437,321 in the year to 31 January 2011.

The Warrington: due to become the group’s 25th site

Further growth for Faucet

By Mark Wingett, M&C Report

Faucet Inn is planning further acquisitions and is to open its first new-build sites before the end of the year.

Tchenguiz: set up Globe

Blue Star Pub Co pays down £14m

By The PMA Team

Blue Star Pub Company, the 400-strong freehold tenanted pub firm owned by Heineken, has paid down £14m of its original £180m purchase price in the...

Consumer confidence could be hit

Riots: Losses could reach £392m

By Michelle Perrett

The riots and looting across the UK have already cost retailers £80m in lost sales, according to research from Kelkoo. The figures, produced by the...

Promise: the big five banks have pledged to lend £190bn

Banks comply with small-firm lending

By Michelle Perrett

The Project Merlin banks are on track to meet their lending commitments this year, the British Bankers' Association (BBA) has revealed.

Confession: British Gas says it flagged issues to Ofgem

£2.5m British Gas fine 'not enough'

By Gurjit Degun

Licensees have welcomed the £2.5m fine issued to British Gas for not handling complaints from small businesses and domestic users appropriately.

Growth: Premium spirits

Premium brands drive on-trade spirit growth

By John Harrington

Premium spirits are driving growth in the on-trade spirits category, fuelled by a growth in cocktails and premium drinking venues and the continued...

BrewDog: share issue success

BrewDog share issue raises £500k in two days

By John Harrington, M&C Report

BrewDog, the Scottish microbrewer and pub operator, has raised over £500,000 via a share issue in two days as it looks to raise £2.2m to finance a...

Brian Whiting: eyeing up expansion

Whiting & Hammond in growth plan

By Mark Wingett, M&C Report

Whiting & Hammond, the award-winning south-east multiple led by Brian Whiting, is looking to eventually build an estate of 20 pubs and hopes to...

Brewdog: Second round of fundraising launched

Brewdog launches second fundraising campaign

By Mark Wingett, M&C Report

BrewDog has launched a second round of fundraising as it looks to raise £2.2m to finance a new eco-brewery and the opening of more bars across the country.

Clive Watson

Capital pre-tax profits up 48%

By Michelle Perrett

Capital Pub Company, the London-based manage pub chain, has reported adjusted pre-tax profits up 48% to £6.8m for the 52 weeks until 26 March. The...

Robert Sayles: provided bank manager with laughs

Meeting the bank manager

By Robert Sayles

Blogger Robert Sayles tells readers of his recent meeting with a bank manager to discuss buying a leased pub.

No Saints: expansion plans

No Saints seeks £2.1m for growth

By Mark Wingett, M&C Report

No Saints, the leisure group run by ex-Luminar boss Stephen Thomas, has launched a new round of fundraising for a further £2.1m towards its...

Daniels: what to do with lost property?

Lost Property...?

By Mark Daniels

Mark Daniels considers what to do with his stash of lost property and how to return an item to an owner.

Buck up Banks: MA campaign to get banks lending again

Banks slammed for strict pub loans criteria

By Gurjit Degun

Banks are being increasingly "pernickety" about lending to pubs, experts claim as figures released by the Bank of England show that Britain's top five banks fell short of their target to lend £19bn for the first three months of the year.

Appalled: Joe Cussens, of the Chequers in Bath

British Gas slated over 97% bill hike

By Gurjit Degun

A licensee has vowed never to deal with British Gas again after he received a renewal supply contract offering a 97% increase.

Everards: 4.7% increase in turnover

Everards operating profit rises 2.1%

By John Harrington, M&C Report

Leicestershire brewer and pub operator Everards saw operating profit rise 2.1% in the 52 weeks to 25 September 2010, discounting an exceptional...

Robertson (R) hailed Clist's (L) Fuller's as a forward looking company

Fuller's pays for tenants to join BII

By Ewan Turney

Fuller's is the first to pay for all of its tenants to be members of the BII for the duration of their stay with the company.

RPI: the index has no relevance to pub leases, according to Gary Mallen

RPI: pub rent rises by another route

By Gary Mallen

New pub company leases that offer annual rent increases in line with the Retail Price Index should be treated with scepticism, argues Garry Mallen....

Energy price watch: get in touch with your concerns

British Gas admits error and pays out £300

By Gurjit Degun

British Gas has promised to credit a licensee up to £300, admitting it made an error, after an intervention by the Publican's Morning Advertiser.

Blackpool Brannigans to be sold

RBS hit by £5m loans blow

By John Harrington, M&C Report

The Royal Bank of Scotland looks set to suffer a shortfall of more than £5m in respect of its loans to bar group Cougar Leisure.

Admiral: wiped out £47m of debt

Admiral wipes out £47m of debt

By John Harrington, M&C Report

Admiral Taverns has wiped £47.2m off its debt as it trimmed its estate by 11% and reported improved trading in its turnaround division.

Milestone: ceased trading

Pub accountant Milestone ceases trading

By The PMA Team

Well-known pub trade accountant Milestone has ceased trading, Morning Advertiser has learnt. The company's trading name was retained when fellow...

Rent: negotiation

More scope for pub rent deals

By Graham Ridout

There has never been a better time for incoming licensees to negotiate lower rents or reductions in ingoing costs, according to experts. Neville...

Horwood: time for change

Horwood's Bill gets cross party support

By John Harrington, M&C Report

Ministers are under renewed pressure to introduce new laws to restrict the beer tie after a Bill to force changes received cross party support.

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