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Friday 26th May 2017
Update: Carluccio's results, The Restaurant Group, Derby Brewing Co et al
Carluccio’s reports turnover boost but Ebitda falls 12%: Carluccio’s has reported UK turnover increased by 2.7% to £140.9m for the year ending 26 September 2016. Ebitda before non-cash exceptional expenses fell 12% to £13.2m (2015: … view
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Friday 26th May 2017
Friday Opinion
Subjects: The third sector and the pub industry – making progress, established breweries and the craft competition, and an inspiring trio
Authors: Rooney Anand, Glynn Davis and Ann Elliott

The th … view

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Friday 26th May 2017
The Restaurant Group reports like-for-likes down 1.8%, Eagle Eye to raise £6m
The Restaurant Group reports like-for-likes down 1.8%: The Restaurant Group has reported like-for-like sales for the 20 weeks ended 21 May 2017 have declined 1.8%, with total sales decreasing by 1.5%. Ahead of the company’s annual gener … view
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Friday 26th May 2017
Propel Friday News Briefing
Young’s boss – ‘We’ll continue to increase investment despite rising cost headwinds’: Patrick Dardis, chief executive of London pub retailer Young’s, has told Propel the company will continue to increase the level of investmen … view
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Thursday 25th May 2017
Provenance Inns managing director and co-founder Michael Ibbotson resigns
Provenance Inns managing director and co-founder Michael Ibbotson resigns: Provenance Inns has announced the resignation of co-founder and managing director Michael Ibbotson. The North Yorkshire-based operator of hotels and gastro-pubs will co … view
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Thursday 25th May 2017
Young’s and Conviviality results, Zizzi launches click-and-collect ordering
Young’s reports 4.7% increase in managed like-for-likes since year-end: London pub retailer Young’s has reported a 4.7% increase in like-for-likes and sales up 6.1% in total in its managed estate in the first seven weeks since the yea … view
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Thursday 25th May 2017
Propel Thursday News Briefing
CAMRA sees slight income fall, membership up 5.3%: The Campaign for Real Ale (CAMRA) saw income fall slightly to £13,940,948 for the year ending 31 December 2016, compared with £14,016,249 the year before. Total reserves decreased … view
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Wednesday 24th May 2017
Ei Group unveils eighth managed JV, Whitbread board change
Ei Group unveils eighth managed joint venture company: Ei Managed Investments, the Ei Group business which invests alongside industry-leading managed house operators, is launching Six Cheers, a partnership with Three Cheers Pub Co. Three … view
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Wednesday 24th May 2017
Malcolm Heap stands down as Truman’s chairman to focus on pub business
Malcolm Heap stands down as Truman’s chairman to focus on pub business: Malcolm Heap is standing down as Truman’s chairman to focus on his rapidly expanding Urban Pubs and Bars business and is replaced by Robert Taylor, formerly chief … view
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Wednesday 24th May 2017
Propel Wednesday News Briefing
St Austell Brewery paid £7.4m for Bath Ales, newly filed accounts reveal: Cornwall-based St Austell Brewery paid £7.4m to buy Bath Ales, newly filed accounts have revealed. The total consideration of £7,410,000, which was paid in cash, … view
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Tuesday 23rd May 2017
Wadworth acquires three managed sites for £6.5m, four-strong freehold pub portfolio sells for £9.47m
Wadworth spends nearly £6.5m acquiring three sites for managed estate: Brewer and retailer Wadworth has spent nearly £6.5m acquiring three sites for its managed estate. The company reopened The Dolphin in Botley, Hampshire, in April aft … view
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Tuesday 23rd May 2017
NPD Group – London’s casual dining scene is saturated, expansion taking place in regions
NPD Group – London’s casual dining scene is saturated, expansion taking place in regions: Britain’s casual dining revolution shows no sign of slowing down, according to new research from global information company the NPD Group. The … view
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Tuesday 23rd May 2017
Update: We Are Bar, Easyhotel and Shaftesbury
Richard Stringer steps down as chief executive of We Are Bar Group: We Are Bar Group, owner of London-based ‘Jamies’ and ‘Smollensky’s’ branded bars and restaurants and formerly known as Kornicis, has announced the departure of … view
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Tuesday 23rd May 2017
Propel Tuesday News Briefing
Online beer distributor EeBria hits £500,000 crowdfunding target within six hours of campaign launch: Online beer distributor EeBria has hit its £500,000 target on crowdfunding platform Crowdcube within six hours of the campaign launchi … view
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Monday 22nd May 2017
Propel Monday News Briefing
Revolution shares fall 35% after profit warning, analyst points finger at loss of two FDs in short time: Shares in Revolution Bars Group suffered a 35% fall on Friday (19 May), with the price plunging as low as 126.5p after a surprise pro … view
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Friday 19th May 2017
Update: Analyst's Revolution verdict, The Bottle Shop crowdfunding, Ei Group's Craft Union roll-out
Numis Securities – Revolution Bars Group management has underestimated impact of new wage legislation: Numis Securities leisure analyst Tim Barrett has said Revolution Bar Group management has underestimated the impact of new wage legis … view
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Friday 19th May 2017
Friday Opinion
Subjects: What the manifestos really mean for the industry, why all roads lead to coffee, alcohol policy in a one-party state and reaching the consumer through all the noise 
Authors: Tim Page, Glynn Davis, Paul Chase and An … view
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Friday 19th May 2017
Leon secures £25m investment to expand in the UK and US
Leon secures £25m investment to expand in the UK and US: Healthy eating brand Leon has secured a £25m investment from Spice, a company controlled by GP Investments, chaired by the Brazilian entrepreneur Fersen Lambranho. Spice has agree … view
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Friday 19th May 2017
Propel Friday News Briefing
Charles Wells – we expect to open a new brewery within two years and expand pub estate: Charles Wells chairman Paul Wells has told Propel he expects to open a new brewery with a capacity of less than 30,000 barrels within the next two y … view
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Thursday 18th May 2017
Marston’s buys Charles Wells brewery, issues new equity
Marston’s buys Charles Wells brewery: Charles Wells has agreed terms to sell its brewery and brand sales interests to Marston’s for a cash consideration of £55 million, plus working capital adjustments. The other Charles Wells assets … view
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Thursday 18th May 2017
Propel Thursday News Briefing
Alex Reilley – we’d love to ‘have a crack’ at floating Loungers, confirms previous change of mind over exiting the company: Alex Reilley, co-founder of Lion Capital-backed cafe bar brand Loungers, has said he would love to “have … view
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Wednesday 17th May 2017
Update: M&B LfLs hit 1.9%, Pat Val and C&C Group results
Mitchells & Butler reports 1.9% like-for-like growth in first 33 weeks: Mitchells & Butlers has reported continued like-for-like sales momentum with 1.6% growth in the half year to 8 April 2017. Like-for-like sales were up 1.9% in the fir … view
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Wednesday 17th May 2017
Propel Wednesday News Briefing
Simon Cope – ‘there is an opportunity for Byron to double in size’: Simon Cope, new managing director of better burger brand Byron, has told Propel he believes there is an opportunity for the company to double the size of its estate … view
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Tuesday 16th May 2017
Healthy quick-service concept Vita Mojo hits £1.5m crowdfunding target for expansion within hours of launch
Healthy quick-service concept Vita Mojo hits £1.5m crowdfunding target for expansion within hours of launch: Healthy quick-service concept Vita Mojo has hit its £1.5m target on crowdfunding platform Crowdcube for expansion within hours of la … view
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Tuesday 16th May 2017
Byron appoints Simon Cope as new managing director
Byron appoints Simon Cope as new managing director: Better burger brand Byron, backed by Hutton Collins Partners, has appointed Simon Cope as managing director. Cope joins from Wagamama, another Hutton Collins Partners company, where, over the … view
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Tuesday 16th May 2017
Update: Enterprise results, NewRiver lines up LT for bigger role
Enterprise Inns reports strategic evolution progressing well: Enterprise Inns, now known as Ei Group, the largest owner and operator of pubs in the UK, has reported its ‘business performed well with all operations maintaining like-for-like g … view
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Tuesday 16th May 2017
Propel Tuesday News Briefing
Investment cycle has peaked and there will be ‘more blood on the carpet’, top Barclays banker warns: The investment cycle has reached its peak and there will be “more blood on the carpet”, Barclays relationship director Bob Silk h … view
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Monday 15th May 2017
Steve Richards – sector faces ‘unprecedented’ increase in costs that will affect margins 25% by 2020
Steve Richards – sector faces ‘unprecedented’ increase in costs that will affect margins 25% by 2020: Casual Dining Group (CDG) chief executive Steve Richards has said the sector faces “unprecedented” increases in costs that will aff … view
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Monday 15th May 2017
PizzaExpress to debut motorway service site
PizzaExpress to debut motorway service site: PizzaExpress has announced its first foray into the motorway service network, via a new partnership with leading motorway service operator Welcome Break. The first restaurant opening to culmina … view
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Monday 15th May 2017
Propel Monday News Briefing
Santa Maria owners to secure third site, turn down private equity approaches: London-based restaurateurs Pasquale Chionchio and Angelo Ambrosio have told Propel they are about to secure the third site for their Neapolitan pizza concept Sa … view
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Friday 12th May 2017
Update: McMullen, Heavenly Desserts, Mac & Wild et al
McMullen reports profit rise as turnover approaches £80m: Hertford-based brewer and retailer McMullen has reported a boost in pre-tax profit as turnover approached £80m. The company saw turnover increase 5% to £79,215,000 for the year … view
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Friday 12th May 2017
Friday Opinion
Subjects: The dangers of food customisation, Brexit presents positive opportunities for the UK, the pressure is on for marketers and foreign investment in Mayfair property
Authors: Glynn Davis, Eldon Robson, Ann Elliott and D … view
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Friday 12th May 2017
Camden Town to launch £30m brewery in Enfield in July
Camden Town to launch £30m brewery in Enfield in July: Craft beer maker Camden Town Brewery is to open its £30m brewing facility in Enfield on Saturday, 8 July. The company said the 50,000 square foot site would be the largest investment in … view
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Friday 12th May 2017
Propel Friday News Briefing
Ed’s Easy Diner secured creditor NatWest receives a third so far of £21.9m owed, will suffer ‘significant shortfall’: Ed’s Easy Diner’s secured creditor, NatWest, has so far received a third of the £21.9m it was owed when the … view
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Thursday 11th May 2017
Propel Thursday News Briefing
Sector like-for-likes bounce back with 4.4% growth in April, pubs outperform restaurants: Managed pub and restaurant groups were back in growth in April, with collective like-for-like sales up 4.4% compared with the same month last year, … view
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Thursday 11th May 2017
Sector like-for-likes bounce back with 4.4% growth in April, pubs outperform restaurants
Sector like-for-likes bounce back with 4.4% growth in April, pubs outperform restaurants: Managed pub and restaurant groups were back in growth in April, with collective like-for-like sales up 4.4% compared with the same month last year, … view
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Wednesday 10th May 2017
Wingstop signs deal to open 100 UK sites two weeks after presenting at Propel’s US Franchise Forum
Wingstop signs deal to open 100 UK sites two weeks after presenting at Propel’s US Franchise Forum: Wingstop Restaurants, which presented to 100 UK operators at the US Restaurant Franchise Forum, held a fortnight ago by Propel in partnership … view
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Wednesday 10th May 2017
Loungers hits 100 sites, reports £91.7m turnover
Loungers hits 100 sites, reports £91.7m turnover: Loungers, the Lion Capital-backed group, has reached the milestone of 100 sites following the opening of Capo Lounge in Mansfield today (Wednesday, 10 May). Capo, which is the group’s 8 … view
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Wednesday 10th May 2017
Update: Just Eat, Alison Brittain, Domino's franchisee, Eagle Eye
CMA to refer Just Eat acquisition to Phase 2 investigation: The Competition and Markets Authority (CMA) intends to refer its review of Just Eat’s proposed acquisition of riva; Hungry House to a “Phase 2” investigation. A statement f … view
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Wednesday 10th May 2017
Propel Wednesday News Briefing
Casual Dining Group appoints new chief financial officer as Tim Doubleday steps down: Casual Dining Group (CDG), the operator of almost 300 mid-market restaurant brands including Las Iguanas, Cafe Rouge and Bella Italia, has appointed Gil … view
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Wednesday 10th May 2017
Casual Dining Group appoints new chief financial officer as Tim Doubleday steps down
Casual Dining Group appoints new chief financial officer as Tim Doubleday steps down: Casual Dining Group (CDG), the operator of almost 300 mid-market restaurant brands including Las Iguanas, Cafe Rouge and Bella Italia, has appointed Giles Da … view
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Tuesday 9th May 2017
Propel Tuesday News Briefing
Park Chinois reports loss of almost £6m: Park Chinois, the Chinese restaurant in Mayfair from Wagamama founder Alan Yau, made a loss of almost £6m in its most recent full financial year, which included its first five months of operation … view
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Monday 8th May 2017
Numis Securities – latest increase has left NLW at 60% of sector wages
Numis Securities – latest increase has left NLW at 60% of sector wages: Numis Securities leisure analyst Tim Barrett has said the latest increase in the National Living Wage has left it at 60% of average sector wages. Issuing a note on … view
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Monday 8th May 2017
Propel Monday News Briefing
Spending in restaurants, bars and hotels grows 9.2% in April but consumer spend slows: Spending in restaurants, bars and hotels grew 9.2% in April compared with last year although overall consumer spend slowed, according to the latest dat … view
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Monday 8th May 2017
Hospitality spend grows 9.2% in April, St Austell Brewery turnover up 13.2%, Camm & Hooper to launch sixth site
Spending in restaurants, bars and hotels grows 9.2% in April but consumer spend slows: Spending in restaurants, bars and hotels grew 9.2% in April compared with last year although overall consumer spend slowed, according to the latest dat … view
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Saturday 6th May 2017
Cote reports turnover increases 12.5% to £121.5m
Cote reports turnover increases 12.5% to £121.5m: French brasserie Cote has reported turnover increased by 12.5% to £121,541,000 for the year ending 31 July 2016 compared with £108,042,000 the previous year. During the period the company op … view
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Friday 5th May 2017
Friday Opinion
Subjects: Pub industry far from being a story of closures, the tentacles of temperance, and the IOL and the licensing review
Authors: Glynn Davis, Paul Chase and Daniel Davies

Pub industry far from … view

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Friday 5th May 2017
Update: Domino’s Pizza Poland trading, Revolution and Palmers appointments
Domino’s Pizza Poland reports like-for-like system sales increase 21% in first quarter: Domino’s Pizza Poland has reported 21% like-for-like growth in system sales in the first quarter of 2017. The company has opened eight stores so f … view
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Friday 5th May 2017
Propel Friday News Briefing
The Restaurant Group cuts Frankie & Benny’s prices as it begins roll-out of new menu: The Restaurant Group has cut Frankie & Benny’s food prices as it begins the roll-out of its new menu, Propel understands. The new menu has also seen … view
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Thursday 4th May 2017
Oakman launches £2.5m crowdfunding campaign on Downing Crowd to restore historic Berkshire site
Oakman launches £2.5m crowdfunding campaign on Downing Crowd to restore historic Berkshire site: Oakman Property, new owner of the historic Royal Foresters pub in Berkshire, is seeking to raise £2.5m through crowdfunding platform Downing Cro … view
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Thursday 4th May 2017
Wear Inns appoints new managing director
Wear Inns appoints new managing director: North east managed operator Wear Inns has appointed Simon Duckworth as managing director on a permanent basis. Duckworth, who was previously finance director, had been interim managing director since t … view
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Thursday 4th May 2017
Punch reports like-for-likes down 1.2%, doubles size of retail division
Punch reports like-for-likes down 1.2%, doubles size of retail division, introduces new ‘front-of-house’ agreement: Punch has reported like-for-like net income in its leased and tenanted estate, including its Mercury divison, fell 1.2 … view
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Thursday 4th May 2017
Propel Thursday News Briefing
Thai Leisure Group to convert Palm Sugar site in Liverpool to new Cantonese concept, full-year revenue rises 11.3%: Thai Leisure Group (TLG) is to convert its Palm Sugar site in Liverpool to its planned new Cantonese concept, Propel under … view
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Thursday 4th May 2017
Thai Leisure Group to convert Palm Sugar site in Liverpool to new Cantonese concept, full-year revenue rises 11.3%
Thai Leisure Group to convert Palm Sugar site in Liverpool to new Cantonese concept, full-year revenue rises 11.3%: Thai Leisure Group (TLG) is to convert its Palm Sugar site in Liverpool to its planned new Cantonese concept, Propel understand … view
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Wednesday 3rd May 2017
Yum! Brands reports first-quarter growth for KFC and Pizza Hut in the UK
Yum! Brands reports first-quarter growth for KFC and Pizza Hut in the UK: Yum! Brands has reported that its 900-plus KFC business in the UK grew sales by 5% in the first quarter to 31 March 2017 – the UK division accounts for 6% of global KF … view
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Wednesday 3rd May 2017
PizzaExpress reports UK and Ireland like-for-likes back in growth in first quarter of 2017
PizzaExpress reports UK and Ireland like-for-likes back in growth in first quarter of 2017: PizzaExpress has reported like-for-like sales in the UK and Ireland are back in growth in the first quarter of 2017 although the market remained “cha … view
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Wednesday 3rd May 2017
JD Wetherspoon reports like-for-likes up 4.0%, margin increases to 7.3%
JD Wetherspoon reports like-for-likes up 4.0%, margin increases to 7.3%: JD Wetherspoon has reported like-for-like sales increased by 4.0% for the 13 weeks to 23 April 2017. Total sales increased by 1.3%. Year-to-date like-for-like sales have … view
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Wednesday 3rd May 2017
Propel Wednesday News Briefing
Veeno co-owner – half of new openings this year to be franchised sites, in negotiations with eight parties: Nino Caruso, co-owner of Italian wine cafe Veeno, has told Propel it expects half of its new openings this year to be franchised … view
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Tuesday 2nd May 2017
Just Eat reports like-for-like sales up 40% as revenue passes £100m in first quarter
Just Eat reports like-for-like sales up 40% as revenue passes £100m in first quarter: Just Eat, the global marketplace for online food delivery, has reported like-for-like sales increased 40% in the three months to 31 March 2017 as revenue pa … view
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Tuesday 2nd May 2017
Propel Tuesday News Briefing
Anglian Country Inns seeks outside investment for first time to fund largest site so far: James Nye, managing director of Anglian Country Inns (ACI), the award-winning operator of gastro-pubs and restaurants, has told Propel the company i … view
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