THE TIPSTER November 20, 2011 THE hawks have been circling over Mitchells & Butlers, seeing them as a potential takeover target, but the bid was so low that it was rejected without much thought. After a large spike in the price mid-September, the excitement of potential offers has worn off Mitchells and Butlers’s shareholders and the price of the share [...]
THE TIPSTER November 20, 2011 THE hawks have been circling over Mitchells & Butlers, seeing them as a potential takeover target, but the bid was so low that it was rejected without much thought. After a large spike in the price mid-September, the excitement of potential offers has worn off Mitchells and Butlers’s shareholders and the price of the share [...]
THE WEEK AHEAD November 27, 2011 COMPANY NEWS ● London headquartered conference organiser ITE Group will announce its preliminary earnings for 2011 tomorrow. ● Britvic will announce its preliminary earnings results on Wednesday. The Chelmsford-based soft drinks manufacturer will be hoping that its earnings have a bit of fizz. ● Marston’s Brewery is also set to announce its full-year results on [...]
Restaurant Group says on track for 2012 November 10, 2011 THE RESTAURANT group said it continued to make good progress, posting a 6.5 per cent rise in sales in the 44 weeks to November, despite pressure from inflationary costs and weak consumer spending. The owner of Frankie & Benny’s and Chiquito restaurant chains said November trading had started well and remains on track to meet [...]
Foodies fuel sales rise at Greene King September 6, 2011 Pub and restaurant group Greene King has served up a heartening sales uplift over the past four months, saying sales in its food-focused chains were higher than last year despite the benefit of the World Cup in 2010. Greene King, which runs retail brands Loch Fyne and Hungry Horse among others, said its retail division [...]
Spirit outperforms struggling Punch after demerger September 1, 2011 SPIRIT Pub Company reported strong sales growth in the fourth quarter and said it was on track to meet full-year expectations as it gave its first trading update since demerging from Punch Taverns in August. The company, which owns around 900 pubs that it manages directly, said sales at pubs open more than a year [...]
Spirit lifts sales but Punch still struggling September 1, 2011 Spirit Pub Company reported strong sales growth in the fourth quarter and said it was on track to meet full-year expectations as it gave its first trading update since demerging from Punch Taverns in August. The company, which owns around 900 pubs that it manages directly, said on Thursday sales at pubs open more than [...]
Pub group is a tale of two halves March 20, 2011 WHICH PUNCH Taverns would you buy shares in if Ian Dyson goes through with his plan to split the firm in two? The managed division – which would be renamed Spirits – performed admirably in the twelve weeks to 5 March. Like-for-like sales were up 8.6 per cent, with food adding 11.7 per cent and drinks 7 [...]
Wetherspoon sales up but profits fall September 9, 2011 Pub group JD Wetherspoon has warned that competition from supermarkets is threatening its trade as higher interest charges caused its pre-tax profits to fall 5.7 per cent in the past year. Wetherspoon said revenues and operating profits had both hit record levels in the year to 24 July, with sales up 7.6 per cent to [...]
The ultimate no-fuss, late-season ski resort March 4, 2012 WE are having dinner in the swankiest restaurant in Les Deux Alpes when a strange story comes through on the iPhone. A high-flying Tory MP has been pictured at an outrageous Nazi-themed stag do in nearby ski resort Val Thorens (he is eventually forced to resign as an adviser to David Cameron). Though just a [...]