5 things you didn’t know about new Sainsbury’s boss Mike Coupe January 29, 2014 Sainsbury’s CEO Justin King is leaving the supermarket in July – but what do we know about his replacement and current commercial director, Mike Coupe?1. A country boy at heart, Coupe was born in Watford in 1960 but was brought up in West Sussex. His mum was a housewife and his dad was an inventor [...]
5 things you didn’t know about new Sainsbury’s boss Mike Coupe January 29, 2014 Sainsbury's CEO Justin King is leaving the supermarket in July – but what do we know about his replacement and current commercial director, Mike Coupe? 1. A country boy at heart, Coupe was born in Watford in 1960 but was brought up in West Sussex. His mum was a housewife and his dad was an [...]
Best of the Brokers for 22 November 2013 November 21, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ANTOFAGASTA UBS has cut the copper miner from buy to neutral and slashed its target price from 965p to 870p after disappointing third quarter results. UBS expects that copper prices will fall by 12 per cent in 2014 and that this downward trend [...]
Punch Taverns reports strong start to the year November 27, 2013 BRITISH pubs owner Punch Taverns said its earnings rose 1.4 per cent during the first 12 weeks of its new financial year, giving the firm a boost ahead of a debt restructuring vote. “We have made a positive start to the financial year and our results are benefiting from the operational improvements we have made [...]
End of an era as Tuppen retires from Enterprise November 19, 2013 ENTERPRISE Inns yesterday said that improvements to its pubs had led to sales growth in its fourth quarter of 0.6 per cent, while chief executive Ted Tuppen announced he will retire. Tuppen has spent 23 years in the role and led this year’s successful initiative to return the firm to growth. Tuppen’s initiative included new [...]
Analyst Views: What are your views on Greene King’s interim financial results? December 3, 2013 GEOF COLLYER DEUTSCHE BANK With bookings up 17 per cent at the same stage last year and with the Christmas and New Year holidays falling in mid-week, we expect the festive period to be a good one for the sector. Greene King’s shares have risen modestly in recent trading. We do not see any reason [...]
Any Other Business – 28/01 January 27, 2014 GREAT British purveyor of wheaty goodness, Hovis, hit the headlines yesterday having had a large hunk of it sold off. But do you know where the name comes from? In 1890, the man behind the bread, Richard Smith, launched a competition to find a name and Hovis, which derives from “hominis vis” or “strength of [...]
Where to drink February 24, 2014 North Greenwich has never been much of a destination for London revellers, but that looks poised to change following the opening of Brooklyn Bowl at the O2. The Big Smoke has essentially purloined one of The Big Apple’s more celebrated institutions, and done an accomplished bit of thievery at that. This baby is more of [...]
Spirit looking at all options for its £700m debt October 20, 2013 SPIRIT Pub Company, the firm behind brands such as Chef & Brewer, Flaming Grill and Fayre & Square, is reported to be seeking a deal with its lenders over its £700m debt. Repayments on the pub chain’s debt mountain are due to begin next year, with almost £19m due by the end of August. However, [...]
Enterprise Inns founder and boss Ted Tuppen to retire November 19, 2013 Ted Tuppen, the founder of Enterprise Inns, is to retire as chief executive officer (CEO) at the end of February 2014. Company shares have climbed over six per cent this morning. (Release) Enterprise Inns is the largest pub owner in the UK, with 5,500 properties valued at £4bn, and Tuppen has been CEO for more [...]