Cider loses appeal for C&C Group July 2, 2015 COLD weather in May has put pub-goers off ice-filled pints of cider, the maker of Magners and Bulmers said yesterday. C&C Group, which also makes Tennent’s Lager, said revenues between March and the end of June were lower than expected – paving the way for flat earnings growth this year. A drink driving clampdown in [...]
Best of the Brokers for 24 June 2015 June 23, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS RBC Capital Markets has downgraded the Primark owner from “outperform” to “sector perform” with a target price of 3,200p. The broker said that while Primark relatively rare international roll-out story, the company is lacking earnings momentum and its sees more [...]
Greene King leaps last hurdle in Spirit merger June 11, 2015 Greene King moved within touching distance of completing its takeover of Spirit Pub Company yesterday after announcing the acquisition was no longer subject to regulatory approval. The announcement that the company had waived approval from the Competition and Markets Authority (CMA) means the acquisition is expected to take place within weeks. Last [...]
Beer tie row: Tory rebels hit back as pub fight gets fierce November 20, 2014 A group of Conservative MPs hit back last night after pub companies warned a new Bill would threaten their business model and put people out of business. The MPs, who all voted against their own party in favour of abolishing the tie-in between pub companies and landlords, claimed the decision as a victory for pub [...]
Enterprise Inns responds to new tenant powers May 12, 2015 BRITISH pub landlord Enterprise Inns plans to sell 1,000 pubs, create a large property rental arm and expand its own managed pubs unit in response to a new tenant law that stands to hit profits. The law will allow publicans to choose where they buy their beer, threatening future profits of landlords, who, under a [...]
Cider loses its a-peel as Bulmers and Magners maker C&C says cold spring put off drinkers July 2, 2015 It never rains but it pours. The unseasonably cold weather in May has put pub-goers off ice-filled pints of cider, the maker of Magners and Bulmers said today. C&C Group, which also makes Tennent's Lager, said revenues between March and the end of June were lower than expected – paving the way for flat [...]
Tumbleweed in the City: August is the quietest month for FTSE 100 trading volumes August 5, 2015 It's that time of year again: Tubes are emptier than usual, the pubs are fuller than usual, and social media feeds are curiously full of people enjoying cocktails in sunnier climes. Yep, August's silly season is upon us – and analysis of trading volumes by City A.M. shows just how quiet things are on the [...]
The Botanist Broadgate Circle has much to offer, day or night August 12, 2015 Broadgate is getting a makeover with new offices that meet the demands of today's businesses and, at the hub of the development, its open spaces are being revitalised too. The Broadgate Circle, already famous as the City's winter ice skating hub, has been reshaped with more space and more room for bars, restaurants and shops. [...]
Slug & Lettuce owner Stonegate gearing up for £1bn float May 26, 2015 Stonegate, the pub company that owns Slug & Lettuce and Yates's, is considering floating on the London stock market next year. The business, which owns more than 600 pubs and bars in the UK, has begun speaking to investment bankers about going public at some point in 2016. The group – the UK's [...]
Magna Carta 2015: Raise a glass to the creation of the pint for Beer Day Britain June 15, 2015 If you think the Magna Carta celebrations are all about the lofty ideals of democracy, property and habeas corpus, think again. There is one particular article that appeared in the 1215 document sealed by King John that you really should raise a glass to – the creation of the pint. Article 35 [...]