Mitchells & Butlers suffers as its sales growth slows in economic uncertainty July 21, 2011 PUBS and restaurants group Mitchells & Butlers said yesterday sales growth had slowed in the last two months and that the outlook was rocky because of the economic climate. M&B, whose chains include Toby Carvery and All Bar One, said underlying like-for-like sales were up 2.8 percent in the nine weeks to 16 July. Underlying [...]
Retailers and insurers campaign for no-win-no-fee reform September 5, 2011 Insurance companies are to join with some of the UK’s biggest retail brands in a new campaign to crack down on no-win-no-fee legal claims. The Association of British Insurers is working with carmaker Ford, supermarket chain Asda and pub group Whitbread to call for reform of the UK’s injury compensation system that has led to [...]
Retailers and insurers campaign for no-win-no-fee reform September 5, 2011 Insurance companies are to join with some of the UK’s biggest retail brands in a new campaign to crack down on no-win-no-fee legal claims. The Association of British Insurers is working with carmaker Ford, supermarket chain Asda and pub group Whitbread to call for reform of the UK’s injury compensation system that has led to [...]
THE WEEK AHEAD September 4, 2011 COMPANY NEWS ● Lonrho announces today. It invests in infrastructure, transport, agribusiness, hotels and support services businesses in Africa. ● On Tuesday, Allstate, Ashtead and Genus all announce. The latter is a British-based business selling products manufactured using biotechnology to cattle and pig farmers. ● Amphenol will announce on Wednesday. Amphenol was founded in Chicago [...]
Chairman leaves Mitchells & Butlers July 14, 2011 MITCHELLS & BUTLERS has lost its third chairman in 18 months after the company announced yesterday that Simon Burke will stand down just five months into the role. Burke’s resignation is yet another round of musical chairs at the pub group following months of warfare between the company and some of its biggest shareholders, which [...]
Chairman leaves Mitchells & Butlers July 14, 2011 MITCHELLS & BUTLERS has lost its third chairman in 18 months after the company announced yesterday that Simon Burke will stand down just five months into the role. Burke’s resignation is yet another round of musical chairs at the pub group following months of warfare between the company and some of its biggest shareholders, which [...]
Crafted for a better taste July 6, 2011 THE British pub industry may be in crisis, with scores of venues reportedly closing around the country each week, but there’s one side of it that’s bubbling along rather nicely. Bars that are dedicating their trade to the kind of specialist, low-volume beers you can’t find in mainstream pubs are on the rise, as are [...]
BEST OF THE BROKERS July 19, 2011 TESCO JP Morgan Cazenove rates Tesco “overweight” with a 577p target price as it believes its growth story is defensive, multi-pronged, highly visible and sustainable. The broker sees its share price as depressed, and believes Tesco’s diversification and low reliance on UK consumers as increasingly important as the UK economic climate worsens, giving it a [...]
CITY GOES FOR GREEN AS PUBS VIE WITH BANKS TO WIN ECO AWARDS January 30, 2011 AN eclectic mix of London City stalwarts and independent businesses will come together on Thursday to celebrate their green credentials, at the City of London Corporation’s annual Sustainable City Awards. Competing across 12 categories are banks, asset managers and construction groups – alongside a slew of smaller enterprises that make up more than half of [...]
CITY GOES FOR GREEN AS PUBS VIE WITH BANKS TO WIN ECO AWARDS January 30, 2011 AN eclectic mix of London City stalwarts and independent businesses will come together on Thursday to celebrate their green credentials, at the City of London Corporation’s annual Sustainable City Awards. Competing across 12 categories are banks, asset managers and construction groups – alongside a slew of smaller enterprises that make up more than half of [...]