BILL OF THE WEEK May 22, 2011 FOUR Mayfair hedge funders started as they meant to go on when they met for lunch at the Simon Parker-Bowles-owned Green’s Restaurant and Oyster Bar in St James’s. Crab salad and two-dozen oysters were accompanied by a vintage bottle of Krug champagne, followed by two bottles of Grand Cru Chablis to complement their Dover Sole [...]
Punch profit falls as business splits April 12, 2011 PUNCH Taverns yesterday reported a fall in half-year profits, as it splits into two separate businesses. Pre-tax profits for the 28 weeks to 5 March came in at £61m, down from the £66m recorded a year earlier. Like-for-like sales at the group’s managed pubs rose 4.9 per cent over the period, and by 8.2 per [...]
BEST OF THE BROKERS May 15, 2011 COMPASS GROUP RBS rates the catering group “buy” with a target price of 660p. The broker hopes to see 4.5 per cent organic growth revenue for the current year. MARSTON’S Deutsche Bank rates the pub chain “hold” and has a target price of 115p. The broker expects the firm to report slightly poorer half-year results [...]
BEST OF THE BROKERS May 15, 2011 COMPASS GROUP RBS rates the catering group “buy” with a target price of 660p. The broker hopes to see 4.5 per cent organic growth revenue for the current year. MARSTON’S Deutsche Bank rates the pub chain “hold” and has a target price of 115p. The broker expects the firm to report slightly poorer half-year results [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 4, 2011 FINANCIAL TIMES E-PETITIONS SITE CRASHES ON LAUNCH A new e-petitions website allowing members of the public to put forward motions for debate by MPs has crashed under the weight of 1,000 visitors a minute trying to register proposals on issues such as the return of capital punishment and leaving the European Union. ICBC TO BUY [...]
Washington DC October 23, 2011 Food DC’s West End lies within an easy stroll of the White House, so there are plenty of opportunities for “power dining” among the area’s officials, lobbyists – and visitors alike. The Old Ebbitt Grill’s Oyster Bar is rightfully renowned, has an authentic Victorian interior, and being two blocks from the White House was a [...]
Washington DC October 23, 2011 Food DC’s West End lies within an easy stroll of the White House, so there are plenty of opportunities for “power dining” among the area’s officials, lobbyists – and visitors alike. The Old Ebbitt Grill’s Oyster Bar is rightfully renowned, has an authentic Victorian interior, and being two blocks from the White House was a [...]
Wasps cut ties with Powell by mutual consent May 4, 2011 WASPS last night dispensed with Andy Powell just weeks after the Wales No8 was involved in a high-profile brawl in a west London pub. The Premiership club decided against offering a new contract to Powell, whose short-term deal was due to expire this month. It leaves the 29-year-old’s World Cup hopes in disarray, with the [...]
M&B shares fall after profit drop May 20, 2011 Pub and restaurant giant Mitchells & Butlers (M&B) shares fell more than 4.9 per cent as they reported a drop in half-year profits. Pre-tax profit for the 28 weeks to 9 April was at £43m, compared with £72m in 2010. Revenue was down by almost nine per cent to £946m, compared with last year. The [...]
Punch splits in two in bid to lower debt March 22, 2011 PUNCH Taverns is splitting its business in two in a bid to tackle its crippling debt pile. The pubs company is splitting off its managed pubs arm into a company set to be known as “Spirit”, separate from its leased pubs arm to create two individual stock market-listed businesses. The managed pubs business, which includes [...]