Archives for October 7, 2008

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Interest rates cut by 0.5%

By Ewan Turney

The Bank of England has cut interest rates by 0.5% to 4.5% in a co-ordinated approach with the rest of the world.

Staying in the comfort zone

By Peter Coulson

MA legal guru Peter Coulson considers why no-one has taken up the offer of an alcohol disorder zone.

Tchenguiz sells M&B stake

By Ewan Turney

Property tycoon Robert Tchenguiz sold his 25% stake in Mitchells & Butlers last night following the collapse of the Icelandic economy — British billionaire Joe Lewis is rumoured to have acquired the shares.

Government can listen, so speak up

By Andrew Pring

Amid more news of pub closures, we need to learn lessons from those pubs that are still doing well — and support our trade leaders as they lobby the politicians, says MA editor Andrew Pring.

Sheps: Most difficult year in memory

By Ewan Turney

Increasing costs, the smoking ban and the credit crunch have combined to make it as difficult a year as anyone in the industry can remember, according to Shepherd Neame boss Jonathan Neame.

Shepherd Neame profits slide

By Hamish Champ

Kent brewer Shepherd Neame has blamed a slump in operating profits on rising input costs and warned it sees little hope of an improvement in market...

How over-rented leased pubs took their toll on Cains

By The PMA Team

A copy of administrator PricewaterhouseCoopers' (PwC) information memorandum on Cains Beer Company reveals some compelling statistics on why the company failed at the start of August, says The PMA Team.

'Police criticise under-21 drink ban'

Fresh doubt was cast on ministerial plans to raise the age limit for off-sales to 21 last night when it emerged that the police do not believe the...

Robert Tchenguiz "sells M&B stake

Property tycoon Robert Tchenguiz is reported to have sold his 29.7 per cent stake in managed pub group Mitchells & Butlers (M&B).The Daily...

Coffin lessee to end hunger strike today

By Ewan Turney

A multiple Enterprise lessee is to end his 10-day hunger strike in protest against "exorbitant" rents and "steep" beer prices at 6pm this evening — the pubco maintains it has offered every support possible.

Celebrating a world of choice

By Roger Protz

Roger Protz explores the international brews on offer at the forthcoming Wetherspoon beer fest.