Retirement villages may offer high streets their needed post-pandemic revival May 24, 2021 Retirement village provider Audley Group and BlackRock Real Assets have embarked on a £500m joint venture into the retirement living sector in the UK, which could bring high streets the much-needed footfall for post-pandemic revival. The joint venture, confirmed yesterday, will fund the development of at least three retirement communities, which will be ready for [...]
All Bar One owner Mitchells & Butlers falls to £121m loss during lockdown July 2, 2020 All Bar One owner Mitchells & Butlers said it sank to a £121m pre-tax loss in its half-year ending in April due to lockdown, it said today. The owner of more than 1,700 pubs, bars and restaurants around the UK, Mitchells & Butlers was forced to close all its outlets when lockdown began on 23 [...]
Mayor 2.0: London deserves a leader who can punch at the capital’s weight October 14, 2020 It’s more than 20 years now since we saw the creation of an elected mayor of London with executive power over the whole city. Devised at a time of widespread devolution, public response to the role was lukewarm, with only around a third of voters bothering to express a preference either way. It was somehow [...]
A catch-up strategy? How Government can give young Brits a boost in Budget 2021 February 26, 2021 A catch-up strategy? How Government can give young Brits a boost in Budget 2021
All Bar One owner Mitchells & Butlers posts ‘good, not great’ Christmas sales January 9, 2020 Pub chain Mitchells & Butlers enjoyed a solid rise in like-for-like sales over Christmas, but suffered from strong comparative sales the year before. The core three-week festive period saw the firm’s pub chains – which include All Bar One, Ember Inns and Harvester – enjoy comparable sales growth of 5.6 per cent. Read more: Wetherspoon [...]
All Bar One owner Mitchells & Butlers cheers rise in profit amid food and drink demand November 20, 2019 All Bar One owner Mitchells & Butlers has toasted a rise in full-year profit as rising appetite for its food and drinks offset fears of a slowdown in the casual dining sector. Shares in the firm jumped seven per cent in early morning trading. Read more: UK retail sales unexpectedly fall as economy slows The [...]
Focus On Wanstead: Families flock to ‘the Twickenham of East London’, where houses near green spaces have sold for seven digits February 15, 2019 There was a time when Wanstead, an unusually leafy spot of east London, was most famous for its Member of Parliament. They don’t come much more recognisable than Sir Winston Churchill, who served Wanstead from 1924 up to 1964 with a patch of absence in the middle for his Wilderness Years. But there’s one other [...]
Lucy Watson and Clive Watson discuss Tell Your Friends, London’s upcoming vegan foodie hotspot March 19, 2018 Growing up as the daughter of a man who has launched and sold several successful pub chains, Lucy Watson never thought she would launch her own hospitality business. “I always thought of it as quite a manly industry,” she says. Apart from sometimes working as a waitress in his pubs, her aspirations were fixed elsewhere. [...]
Mitchells & Butlers reports strong festive period with sales up 4.7 per cent January 13, 2017 Pub, bar and restaurant group Mitchells & Butlers has reported an uptick in sales during the first quarter of the year, citing a particularly strong festive period. The figures Like-for-like sales growth for the year-to-date increased to 1.7 per cent in the 15 weeks to 7 January, with trading over the festive period "particularly strong [...]
Mitchells & Butlers reports a drop in annual profits citing cost pressures and competition November 22, 2016 Pub and restaurant operator Mitchells & Butlers announced a drop in like-for-like sales as annual profits fell by more than a quarter for the year ended 24 September. The figures Like-for-like sales were down on the whole by 0.8 per cent, but the company is progressing toward growth with a rise of 0.5 per cent the last eight weeks' sales. Like-for-like food volumes [...]