BEST OF THE BROKERS March 17, 2011 RAB CAPITAL JP Morgan Cazenove (JPM) has downgraded the hedge fund manager to “neutral” with no target price following its full-year results. The broker thinks the firm is still mid-transition, with outflows from its special situations fund expected this year that could be offset by new fund launches. JPM thinks financial risks for the company [...]
Greene King buys Cloverleaf January 31, 2011 GREENE King has bought the pub restaurant group Cloverleaf for £56m. Chief executive Rooney Anand (pictured) said the acquisition, combined with a planned investment of around £25m to open ten new Cloverleaf premises within two years, would utilise the remaining balance of its rights issue proceeds. The deal has added another 12 restaurants to Greene [...]
Greene King buys Cloverleaf January 31, 2011 Greene King has bought carvery and pub chain Cloverleaf Restaurants for £56m. Cloverleaf has 12 sites in the Midlands and the north of England with plans for 10 more. Meanwhile Suffolk-based Greene King said sales from outlets open more than a year in its largest unit, Retail, rose 3.9 per cent in the 38 weeks [...]
Greene King buys Cloverleaf January 31, 2011 Greene King has bought carvery and pub chain Cloverleaf Restaurants for £56m. Cloverleaf has 12 sites in the Midlands and the north of England with plans for 10 more. Meanwhile Suffolk-based Greene King said sales from outlets open more than a year in its largest unit, Retail, rose 3.9 per cent in the 38 weeks [...]
Wetherspoon has happy Xmas January 19, 2011 PUB operator JD Wetherspoon said yesterday sales grew in recent weeks despite the snow but warned profit margins were coming under pressure from the increasing cost of food, drink and other bills. Wetherspoon, which operates nearly 800 outlets, said like-for-like sales increased three per cent in the 12 weeks to 16 January, up from 1.6 [...]
Pub footie fans could spoil BT’s sports plans August 23, 2010 NEW research shows that more than a third of 18-34 year-olds who are planning to watch Premier League football on TV this season will not watch the games at home. The research, carried out by YouGov, does not bode well for BT, which has launched a new football package in a desperate bid to compete [...]
The City club where it pays to be a member March 23, 2011 LONDON is the world’s leader when it comes to private members’ clubs. Maybe it’s because we’ve all been scarred by sticky floors and suffocating crowds at some point in our lives, or maybe it’s because we hate being kicked out at 11pm. Whatever it is, private is how we roll, and nowhere does this stand [...]
Chelsea gets some traditional Brit grub in a sleek modernist setting May 9, 2011 The Penny Black 212 Fulham Road, SW10 9PJ www.thepennyblack.com FOOD **** SERVICE *** ATMOSPHERE **** Cost per person without wine: £40 IT sounds like the name of a pub, doesn’t it? For some reason, the image I had in my head of a restaurant called The Penny Black was some dark, old-fashioned tavern, a place [...]
ORPINGTON March 10, 2011 BLUEBERRY FARM Price: £1.7m A handsome five-bedroom family home, parts of it dating back to medieval times. Tunnels run from underneath the house to the local church and pub, though sadly these are now blocked. There’s also a wine cellar, a sauna, a mosaic-tiled outdoor swimming pool and a floodlit tennis court. Contact: Savills on [...]
It’s time to uncork a bottle of bubbly or ten April 27, 2011 NO doubt there’ll be rather a few champagne glasses being clinked around the country tomorrow. One of the more predictable aspects of attending a good wedding is the certainty of a pulsating champagne hangover the next day, and this time that applies to street parties, garden parties, pub gatherings and all the other get-togethers taking [...]