New homes: Property going on sale this weekend in Hackney, Croydon, Hampstead, Stratford and Elmswater January 18, 2018 New developments on the market this week Hampstead Reach, Hampstead From £999,000 Admirers of Hampstead’s Arts and Crafts-style mansion blocks may be interested in these 39 new one and two bedroom apartments in a private courtyard. Set across three and four storey buildings, there are two show homes appealing to young families and downsizers that [...]
Break out the bubbly: Marston’s reports continued profit growth in its premium pubs and beers November 24, 2016 Marston's premium pubs and beers reported profit growth across the board despite cost pressures and economic uncertainty in the sector. The figures The operator of Pitcher & Piano and Revere reported underlying revenue of £905.8m, up seven per cent for the year ended 1 October. Profit before tax increased by seven per cent to £98m. The average profit per pub was up eight [...]
Focus On Dulwich: Forget the new shiny skyscrapers, this London village attracts well-heeled families with good schools, period houses and bags of charm December 15, 2017 A Tube stop is usually the making of a neighbourhood in London. But in the case of Dulwich in south east London, the absence of a London Underground station may have been an advantage. Left to its own devices and hardly a tourist hotspot, some say this has allowed Dulwich to develop a character all [...]
17 years sleeping, a year in the pub, seven months queuing: How a British adult spends their lifetime November 30, 2016 Ever wondered quite how much time you spend binge-watching series after series on Netflix? Well, wonder no longer as Samsung has surveyed 3,000 UK adults to assess just how Brits spend their time in 2016. The average British adult will have spent 17 years and 41 days sleeping, 13 years and three months working, eight years [...]
Marston’s broad base of casual dining pubs creates new opportunities and steers clear of industry headwinds November 27, 2016 City centres like London are oversaturated with pubs and casual dining restaurants, but investing outside the obvious locations opens up new opportunities, according to Marston's chief executive Ralph Findlay. While the company's city centre pubs are performing well, analysts said Marston's broad geographic base is what will help the company meet the cost pressures and headwinds facing the industry. Instead of [...]
This is how much beer pubs have to sell to combat nexy year’s rise in business rates November 16, 2016 The country will have to drink heavily from 2017 onwards if pubs are to avoid a massive hit when business rates increase next April. Business rates have been re-evaluated for the first time in seven years, and the new rate of tax will come in at the beginning of April next year. Analysis from business rates specialists [...]
Not quite last orders: Deltic buys stake in merger target Revolution Bars after Stonegate takeover stalled November 30, 2017 Nightclub operator Deltic Group has revealed a three per cent stake in Revolution Bars Group, hinting that a prospective merger is still on the cards. The stake disclosure comes after a period of considerable back and forth with Deltic pursuing a tie-up with the bar chain. Deltic, which operates clubs under brands such as Pryzm [...]
Revolution Bars rejects Slug and Lettuce owner Stonegate’s takeover bid October 17, 2017 Shareholders in Revolution Bars have voted against a takeover bid from Slug and Lettuce owner Stonegate Pub Company. Shares in Revolution dropped over 11 per cent to 166p following the decision to reject the 203p per share offer. Over half of the votes cast opposed the bid, with 53.8 per cent against and 46.3 per [...]
Premium pub and craft beer investments are expected to translate to profit ahead of Marston’s full-year results November 20, 2016 Marston's is set to unveil an upswing in profits this week because of the company's investment into premium food and craft beers. The pub chain, which has an estate of about 1,600 pubs in the UK, including premium chains Pitcher & Piano and Revere, is expected to reveal a jump in full-year profits to £98.3m from £31.3m [...]
YO! Sushi rolls up deal to acquire 600-branch Bento Sushi for £59m November 20, 2017 British sushi chain YO! Sushi has acquired Bento Sushi, the second-largest sushi chain in North America for $100m Canadian dollars (£59m). The acquisition forms one of the biggest sushi companies outside of Japan, combining Bento’s 600-strong portfolio of sushi bars across the US and Canada with YO!’s 97 owned or franchised restaurants worldwide. Combined sales [...]