ANALYST VIEWS: HOW HAS WETHERSPOON FARED AGAINST RISING COSTS? January 18, 2012 PATRICK COFFEY | LIBERUM CAPITAL Despite JD Wetherspoon’s investment for the future, we believe the company’s valuation is inconsistent with a sector under pressure from rising costs and macro-uncertainty… We reiterate our “sell” recommendation. PAUL HICKMAN | PEEL HUNT Posting a good second quarter result shows Wetherspoon robustly on course for our modest earnings growth [...]
GOING OUT February 23, 2012 The big launch this week takes place on the site of recently closed Merah on Wells Street, Fitzrovia, an area getting livelier by the week. Project aims to offer the consummate VIP experience for House Music aficionados. Following a multi-million pound refurbishment and with Luca Maggiora (previously of Luxx) at the helm, this 400 capacity [...]
Your guide to a four day fiesta of royally good fun May 31, 2012 London is culturally overwhelming any weekend of the year. For the Queen’s Diamond Jubilee, however, the city has truly pulled out the stops. It’s a four day bonanza that combines state pomp with cultural entertainment and lots of partying – in the way that only the British can pull off. Whether you fancy joining in [...]
Greene King toasts profits rise December 1, 2011 British pubs and brewery group Greene King reported a higher first-half pre-tax profits, benefiting from an upturn in trading as consumers struggling to cope with economic pressures sought solace in their local pub. The 212-year-old Suffolk based firm, which has 2,410 pubs, said the consumer environment remained challenging with cost inflation rising ahead of wage [...]
Fuller goes on the attack in its bid for Capital Pubs June 22, 2011 BREWER Fuller, Smith and Turner yesterday returned fire in a war of words over its bid for Capital Pub Company. Fuller, brewer of London Pride and operator of 360 pubs, has made a 200p per share takeover bid for Capital worth £54m. Capital rejected the offer, dismissing it as too low. Fuller is now moving [...]
Enterprise Inns profits slip but stays positive November 22, 2011 ENTERPRISE Inns, Britain’s biggest pub landlord, saw its pre-tax profits slip 10 per cent to £157m in the year to 30 September 2011 after it sales dropped and it sold off some of its pubs. The pub group, which has been nursing itself back to health after a turbulent four years, said the average net [...]
FTSE gains fuelled by miners February 28, 2012 The FTSE 100 tracked overnight gains in Asia fuelled by lower oil prices and rising metal prices. Brent crude futures slipped to below $124 a barrel after a surge which had been triggered by fears over supply from the Middle East. A shortage would threaten to derail global growth and investors have been eyeing oil [...]
FTSE gains fuelled by miners February 28, 2012 The FTSE 100 tracked overnight gains in Asia fuelled by lower oil prices and rising metal prices. Brent crude futures slipped to below $124 a barrel after a surge which had been triggered by fears over supply from the Middle East. A shortage would threaten to derail global growth and investors have been eyeing oil [...]
Fuller’s upbeat as London defies downturn November 25, 2011 Pub company Fuller Smith and Turner said it has experienced growth in all parts of its business, as its London focus gave it resilience to the economic downturn. Although pub popularity has been very unpredictable, company chairman Michael Turner said in an interview with Reuters, Fuller’s – which has a portfolio of 362 pubs and [...]
Fuller’s upbeat as London defies downturn November 25, 2011 Pub company Fuller Smith and Turner said it has experienced growth in all parts of its business, as its London focus gave it resilience to the economic downturn. Although pub popularity has been very unpredictable, company chairman Michael Turner said in an interview with Reuters, Fuller’s – which has a portfolio of 362 pubs and [...]