Archives for January 30, 2014

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Fuller's reports like-for-like sales up

Fuller’s, the London-based brewer and pub operator, has reported a 7.2% rise in like-for-like sales in its managed division in the 10 weeks to 25 January and said the good results caused it to bring forward additional projects this financial year

Punch tenants angry over 'surprise' stock audits

By Ellie Bothwell

Punch Taverns tenants have expressed their anger after the pub company recruited a third party agency to carry out surprise stock audits in its pubs, as part of a fresh crackdown on licensees buying outside the tie.

CAMRA award leaves London licensee lost for words

By Lewis Brown

A London licensee was lost for words when he was presented with an award by Campaign for Real Ale (CAMRA) north London branch, just as the branch celebrated 40 years of campaigning.

Wetherspoon's eyes more roadside pubs

By John Harrington

JD Wetherspoon will look to open more out-of-town, roadside pubs, although not necessarily at motorways, chairman Tim Martin has said.

Restrictive covenants rarely used, claim property agents

By Ellie Bothwell

Pub property agents have defended the practices of large pub companies and claimed that restrictive covenants are rarely used, after the Local Government Association (LGA) last week called for a ban on the measure, which forces pubs to change use after sale.

Cerberus acquires more pubs in £170m deal

By Mark Wingett

Cerberus Capital Management, the US private equity owner of Admiral Taverns, has completed the acquisition of a 102-strong portfolio of pubs from Nick Leslau’s Prestbury Holdings, in a deal valued at £170m.