The FTSE in 2017: Five charts that tell the story December 27, 2017 The FTSE 100, 250 and All-Share indices made strong gains in 2017. A record year for dividend payments and ongoing loose monetary policy from the Bank of England helped each index hit a record high in 2017. By the close on 13 December 2017 the FTSE 100 was up 5%. But it was outperformed by [...]
BIS committee chair Iain Wright declares Pubs Code Adjudicator Paul Newby should be replaced July 29, 2016 The Pubs Code Adjudicator should be replaced due to conflict of interest concerns, the Business, Innovation and Skills (BIS) Committee has said today. Chair of the BIS committee, Iain Wright, has called on secretary of state Greg Clark to reopen the appointment process after concluding the current adjudicator, Paul Newby, will not be able to command the trust [...]
JD Wetherspoon’s share price dips as chair Tim Martin cautions of lower sales and added costs in the second half March 10, 2017 JD Wetherspoon's shares fell more than three per cent after the pub group reported half-year results slightly ahead of expectations but warned of a difficult second half to come. The figures The pub owner and operator said profit before tax and exceptional items jumped 42.8 per cent to £51.4m from £36m for the 26 weeks to 22 January. Like-for-like sales [...]
Area guide to property in the Royal Docks November 3, 2017 For many Londoners, the only time they’ve ever been to the Royal Docks in east London is when they’re travelling on business from London City Airport. This post-industrial part of town was once a hive of activity, with boats docking from all over the world, but now you’re more likely to find hotel chains and [...]
Shepherd Neame raises glass to Enterprise Inns home counties pubs acquisition June 28, 2016 Britain's oldest brewer, Shepherd Neame, has completed the acquisition of seven out of eight pubs from pubco Enterprise Inns. The Kent-based brewer, pub and hotel operator has purchased the seven pubs in Kent, Sussex and Surrey from Enterprise in a deal that was announced earlier in June. The completion takes Shepherd Neame's total number of [...]
Greene King reveals sober sales despite gains over the Christmas period February 10, 2017 Sales at British pub operator Greene King grew over the 40 weeks to 5 February due to a strong Christmas period, but it was hit by a "dramatic" slowdown of sales in the quieter months. The figures In a trading statement today, Greene King said like-for-like sales grew 1.1 per cent over the period. For the [...]
UK’s largest pub owner Enterprise Inns set to launch pubs around London April 25, 2016 The UK’s largest pub owner Enterprise Inns is set to launch pubs around London as part of a new venture called Frontier Pubs. Enterprise Inns has entered into a "managed expert agreement" with Food & Fuel, the London-based operator of gastro pubs and cafe bars. It did not say how many pubs it plans to open as [...]
A Punch in the face: The CMA opens its investigation into Heineken’s Punch Taverns takeover February 16, 2017 The Competition and Markets Authority (CMA) has opened an initial investigation into Heineken's £403m deal to snap up British pub operator Punch Taverns. The UK watchdog will consider whether the deal would reduce competition and choice for customers and whether it needs to launch an in-depth investigation into the takeover. The deadline for the decision is 24 April. Pub landlords [...]
Here’s how much Euro 2016 boosted pub turnover in June, according to the Coffer Peach Business Tracker July 20, 2016 Televising the Euro 2016 championship gave pub groups something to celebrate in June, despite England dropping out before the last rounds of the tournament. Like-for-like sales at pubs grew two per cent year-on-year in June, ahead of the restaurant sector, where growth trailed slightly behind at 1.4 per cent, according to the latest monthly figures from [...]
How to watch Euro 2016: the best pub, TV, travel and accommodation June 9, 2016 If major sporting events are ostensibly a celebration of those who aspire to being the being the strongest, fastest and most skilful, they’re also a boon for those at the other end of the activity spectrum. The European Championship’s expansion to 24 teams means it now offers greater opportunities than ever before for slobbing in front [...]