Tag Archives: Pubs

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M&B nets £46m from sale of 79 sites that don’t fit with strategy

M&B nets £46m from sale of 79 sites that don’t fit with strategy

Mitchells & Butlers has raised £46m from offloading 79 sites in the last few months, it revealed this morning. The pub and restaurant chain sold 73 of the properties to property investment company Aprirose in a package deal and it will now run them under the Milton Pubs and Taverns brand. A further six sites

JD Wetherspoon pub

Pub giant drops menu prices 7.5% in protest over VAT disparity

JD Wetherspoon is slashing prices of food and drink by 7.5% in all 900 of its pubs for today only in protest over what it calls VAT “disparity” in the UK. The chain is urging legislators to change regulations that it believes give pubs a significant tax disadvantage against supermarkets. In its latest financial report,

Pub carvery

Moody’s paints dour picture of pub sector prospects

Moody’s has warned that “operating and trading headwinds” are likely to lead to further struggles for the UK pub sector in the coming 18 months. The analyst firm told investors that economic challenges would challenge pub securitisation transactions, with key credit metrics showing early stages of a potential deterioration. “Pub operators’ earnings are being curtailed

Sports Bar & Grill

Stonegate takes first steps into transport hub foodservice market

Stonegate Pub Company has completed a transaction to acquire Bar Holdings, which operates five bars trading under the Sports Bar & Grill brand. The bars being acquired are located in prime London locations in Waterloo, Marylebone, Victoria, Farringdon and Canary Wharf. Sports Bar & Grill focuses on a sports-oriented, drink-led offering, which Stonegate insists is

Tim Martin, JD Wetherspoon

Suppliers have more to fear from protracted Brexit talks than us, warns JDW boss

JD Wetherspoon chairman Tim Martin warned this morning that its suppliers have most to fear from Brexit negotiations as he once again used the company’s latest financial update to outline his views on the EU.   Mr Martin, a staunch Leave campaigner, said that the current “posturing and threats” from EU negotiators would inevitably drive

Greene King chef

Greene King takes action to stem decline of value food business

Greene King this morning set out plans to address the challenges of the ‘value food’ sector after admitting its performance in this area was behind a decline in like-for-like sales for the 18 weeks to 3 September. Overall like-for-like sales during the last four-and-a-half months rose 1.2% in a market that Greene King says declined

Kitchen ductwork

Council makes restaurants jump through catering hoops before doling out rates relief

A London borough council has been blasted for withholding business rates relief from pubs and restaurants that don’t meet certain catering criteria it has set out. Barnet Borough Council is insisting that venues be accredited under the Healthier Catering Commitment run by the Chartered Institute of Environmental Health before receiving discretionary rates relief. The government

FEJ Power List 2017 logo

Last day to submit your Power List nominations

Nominations for the 2017 Power List close this Friday, giving the industry a few more days to put forward any individuals from end-user organisations worthy of being honoured. Now in its third year, the FEJ Power List serves as a definitive guide to 40 high-flying end-user individuals responsible for specifying, purchasing and sanctioning commercial kitchens. From culinary

BRISTOL, UNITED KINGDOM - NOVEMBER 27:  In this photo illustration pound coins are stacked in front of a twenty pound note on November 27 2008 in Bristol, England. Many UK consumers are feeling the pinch as the financial crisis and economic downturn makes borrowing harder and more expensive and the recession starts to bite.  (Photo by Matt Cardy/Getty Images)

Restaurants trump pubs in modest July performance

Pub and restaurant groups have managed to secure a marginal growth in July amidst fears regarding consumer confidence levels. Restaurants slightly outperformed pub chains showing 0.9% like-for-like growth rate against 0.4% for pub and bar operators according to CGA Peach. The latest figures reveal collective like-for-like sales were up by 0.6% across the sector in

Dirty kitchen

Kitchen ban and suspended jail sentence for pub hygiene pair

The former joint owners of two pubs in Derbyshire have received suspended jail sentences for 16 offences relating to poor hygiene standards. Philip Mee and Nicholas Rodgers, who ran the Hurt Arms at Ambergate, and the Peacock Hotel at Oakerthorpe, pleaded guilty to the food safety offences at Derby Magistrates Court, and their case was