Focus On New Cross: With year-on-year house price growth at nearly 15 per cent, SE14 is a safe bet in Zone Two July 3, 2017 Like many areas tipped for great growth in years to come, New Cross is a place that’s sandwiched in between two much trendier neighbours. The meteoric rise of Peckham and Deptford has left poor SE14 trailing in its wake, but there’s no reason why it shouldn’t be just as popular in just a few years. [...]
Legal & General toasts deal to sell Channel Islands pub group Liberation to Caledonia for £118m July 6, 2016 Caledonia Investments has cooked up a deal to buy the Channel Islands' leading pub owner and brewer Liberation from Legal & General. Liberation, which operates 94 mostly freehold pubs in the Channel Islands and South West of England, is eyeing further expansion on the mainland, which Caledonia has said it will back with £40m of [...]
Budget 2017: Winners and losers of Philip Hammond’s Spring Budget March 8, 2017 Today, chancellor Philip Hammond delivered his first (and last) Spring Budget. Here are the day's winners and losers. Read more: Budget 2017: Philip Hammond's speech in full Winners Tech got quite the showing in Hammond's Budget. The chancellor pledged millions of pounds of fresh funding for disruptive new technologies like robotics, electric cars and biotech along with plans to [...]
Hiver beers founder Hannah Rhodes is turning bees to money October 23, 2017 Even the most hardened City hack might consider turning down the offer of a drink at 11am. But for you, City A.M. readers, this reporter went the extra mile. The Bermondsey Beer Mile, that is. I’m here to meet Hannah Rhodes, founder of Hiver beers. Following a decade in the drinks industry, including a spell [...]
This is what the booze and tobacco sectors are hoping to see in the Spring Budget March 6, 2017 The countdown is nearly over – the Spring Budget is now just two days away. Britain's beer and spirits sector has been campaigning for weeks in a bid to urge chancellor Philip Hammond to cut the beer duty while the industry grapples with cost pressures from rocketing business rates and increases to the national minimum wage. Here's [...]
Euro 2016 provided a much-needed boost for UK pubs over opening weekend June 13, 2016 UK pubs are toasting the Euro 2016 opening weekend after the sporting event of the season drove an estimated 26 per cent surge in revenues compared to an average weekend in June. Pubs in Wales posted the biggest increase in takings, as pub sales leapt a whopping 41 per cent on the 2015 average for [...]
Shepherd Neame toasts acquisition of eight home counties-based Enterprise Inns pubs June 13, 2016 Kent-based pub and beer company Shepherd Neame is today toasting its acquisition strategy after the family business took over eight home counties pubs owned by Enterprise Inns. The UK's oldest brewer announced today it had exchanged contracts for the Enterprise freehold pubs based in Kent, Sussex and Surrey. In a separate transaction, the company also reached an [...]
This could be Paddington Bear’s dream: Enterprise Inns and Marylebone Leisure Group agree to launch Marmalade Pub Company joint venture July 19, 2016 The UK's largest pub group, Enterprise Inns, has agreed a joint venture with the Marylebone Leisure Group (MLG) to form the Marmalade Pub Company. It will be Enterprise's fifth managed expert agreement, as the pubco continues to launch more partnerships with "industry-leading managed house operators". At this stage the companies have not said how many pubs will [...]
Despite cost pressures, JD Wetherspoon predicts results will be slightly better than anticipated January 18, 2017 JD Wetherspoon is feeling the pinch as costs are set to rise over the financial year, but chairman Tim Martin said the company is cautiously predicting its results will be slightly better than forecast after positive half-year earnings. The figures In the first half of the year to 15 January, like-for-like sales increased by 3.4 per cent and total sales [...]