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Tuesday 30th September 2014
Ten minutes on Tuesday with Hugh Osmond
Ten minutes on Tuesday with Hugh Osmond: Propel has partnered marketing and PR agency Elliotts to launch a fortnightly podcast series featuring a ten minute interview with a senior industry figure. Today, Elliotts executive James Hacon i … view
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Tuesday 30th September 2014
Welcome Break to invest £8m after food sales success
Welcome Break to invest £8m after food sales success: Welcome Break is to spend £8m rolling out a new look at its motorway service stations after the first site with the “next generation” format, at Birchanger Green in Essex, saw a 15% y … view
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Tuesday 30th September 2014
Fulham Shore aims for 40 Real Greek sites after £13.9m buy
Fulham Shore aims for 40 Real Greek sites after £13.9m buy: Fulham Shore, the vehicle headed by restaurant veteran David Page, is to launch on AIM after a conditional agreement to acquire 99.04% of the seven-strong Real Greek Restaurant … view
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Tuesday 30th September 2014
Propel Tuesday News Briefing
Haché secures fifth site, enter private equity talks: London-based better burger brand Haché, founded almost ten years ago by Berry and Suzie Casey, has secured its fifth site – and entered talk with private equity investors with a vi … view
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Monday 29th September 2014
CAMRA unveils new chief executive
CAMRA unveils new chief executive: CAMRA, the Campaign for Real Ale, has unveiled Tim Page as its new chief executive – he will start work at the consumer organisation on 1 November. Page brings a wealth of experience from the charitable sec … view
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Monday 29th September 2014
City Pub Company to raise up to £10m more in equity
City Pub Company to raise up to £10m more in equity: City Pub Company, the EIS company headed by Clive Watson, has hit current turnover run rate of £6.4 million in the year to the end of June, up from £3.1 million for the comparable ye … view
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Monday 29th September 2014
Propel Monday News Briefing
JD Wetherspoon extends pulled pork offer, adds BrewDog lager: JD Wetherspoon, which reported 12% like-for-like food sales growth earlier this month, is to launch a new menu on Wednesday (1 October), that builds on the success of US items, … view
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Sunday 28th September 2014
Oakman partners Punch, Utopian goes through pre-pack
Oakman Inns to make £1.25m co-investment with Punch Taverns: Oakman Inns and Restaurants is to make a £1.25m co-investment in The White Hart in Ampthill, Bedfordshire with owner Punch Taverns. The White Hart is an 18th Century Grade Two … view
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Friday 26th September 2014
Friday Opinion
Subjects: The challenge of achieving a premium price, the European foodservice perspective and omnichannel marketing
 
Authors: Martyn Cornell, Anne Elliott and Matthew Kirby

 
 

You can't charge a premium price if you'r … view

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Friday 26th September 2014
Richoux Group reports turnover up, Ebitda down
Richoux Group reports turnover up, Ebitda down: Richoux Group has reported that turnover rose 14.4% to £6.68m (2013: £5.84m) for the 28-week period ending 13 July 2014. Adjusted Ebitda decreased 2.7% to £0.78 million (2013: £0.81 million). … view
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Friday 26th September 2014
Propel Friday News Briefing
Cask ale ‘absolutely essential’ to M&B brand strategy says Alistair Darby: Cask ale is ‘absolutely essential’ to four of Mitchells & Butlers’ biggest pub brands, the company’s chief executive, Alistair Darby, told the Cask Sem … view
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Thursday 25th September 2014
Exclusive: Oakman Inns and Downing launch JV
Oakman Inns and Downing unveil joint venture: Award-winning Oakman Inns and Restaurants and EIS investment fund Downing have unveiled a joint venture Downoak Limited, to buy the freehold of the Cook and Fillet near Aylesbury. The site will be … view
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Thursday 25th September 2014
Star Inn at Harome regains Michelin star
Star Inn at Harome regains Michelin star: The Star Inn at Harome in Yorkshire, the pub overseen by chef Andrew Pern, has regained its Michelin star in the latest Guide awards for 2015. The pub lost its Michelin star in 2011 having held it sinc … view
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Thursday 25th September 2014
M&B reports 0.1% like-for-like growth in latest nine weeks
M&B reports 0.1% like-for-like growth in latest nine weeks: Mitchells & Butlers has reported that like-for-like sales grew 0.6%, with total sales up 3.8% in the 51 weeks to 20 September. The most recent nine weeks to 20 September saw like-for- … view
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Thursday 25th September 2014
Propel Thursday News Briefing
Cask Ale report – raise the price of real ale: The pub trade is undervaluing cask ale and could and should be selling it for more, especially when craft keg is selling for a massive premium, says the latest edition of the Cask Report, o … view
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Wednesday 24th September 2014
Pressure still on eating-out market says Allegra report
Pressure still on eating-out market as meals out continue to fall from 2012: Although eating-out participation among the UK adult population has grown for two straight quarters for the first time in two years, eating out frequency is still dow … view
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Wednesday 24th September 2014
Analyst: GK bid for Spirit runs contrary to diversification strategy
Analyst: GK bid for Spirit runs contrary to diversification strategy: Simon French, leisure analyst at Cenkos Leisure, has argued that Greene King’s bid for Spirit seems to run contrary to the former’s strategy to diversify its retail … view
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Wednesday 24th September 2014
Propel Wednesday News Briefing
Spirit rejects 100p a share offer from Greene King: Spirit Pub Company has rejected a 100p a share offer from brewer and retailer Greene King, worth £660.5m. A deal would create the UK’s biggest managed pubs group, with brands that inc … view
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Tuesday 23rd September 2014
Spirit – we turned down 100p offer from Greene King
Spirit – we turned down 100p offer from Greene King: Spirit Pub Company has responded to news of an approach from Greene King by confirming it rejected a 100p-a-share offer. The company stated: “On 15 September 2014 the Board received a hi … view
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Tuesday 23rd September 2014
Greene King confirms £700m Spirit approach
Greene King confirms £700m Spirit approach: Greene King has confirmed that it has approached Spirit over a possible £700m takeover. A combination of the two companies would create a circa 1,900 strong managed estate and around 1,300 tenanted … view
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Tuesday 23rd September 2014
NewRiver Retail - our 202 Marston's pubs performing well
NewRiver Retail – our Marston’s pub portfolio is performing well: NewRiver Retail Limited, the UK REIT specialising in value-creating retail property investment and active asset management, is to lease 64 new convenience stores to Co-op on … view
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Tuesday 23rd September 2014
Propel Tuesday News Briefing
Restaurateur Clive Watson to open new restaurant concept in flagship Spitalfields Market site: Restaurateur Clive Watson, co-founder of the Riding House Café, Village East and The Garrison, has secured a flagship site in Spitalfields Mar … view
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Monday 22nd September 2014
Tesco – we’ve overstated first half profits by £250m
Tesco – we’ve overstated first half profits by £250m: Tesco has added to its woes this morning by telling the market that it has overstated profits by £250m in its first six months. The company said: “During its final preparations … view
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Monday 22nd September 2014
Propel Monday News Briefing
Stephen Thomas to re-launch Birmingham Oceana as Electric: Exeat Leisure, the company led by nightclub veteran Stephen Thomas that emerged from the administration of No Saints, will re-open part of the troubled former Oceana super-club in … view
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Friday 19th September 2014
Friday Opinion
Subjects: Crowd-funding, one-sided stories and the rise of the ‘super-pub’
Authors: Paul Charity, Paul Chase and Jack MacIntyre

Crowd-funding is the democratisation of investing by Paul Charit … view

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Friday 19th September 2014
Propel Friday News Briefing
Douglas Jack – value of property pipelines has increased in over-heated property market: Numis Securities leisure analyst Douglas Jack has argued that the property market is starting to look over-heated, which places a greater value on … view
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Thursday 18th September 2014
Wagamama reports turnover growth, PBT down
Wagamama reports turnover growth, PBT down: Wagamama has reported that turnover grew 12.8% to £159.2m in the year to 27 April 2014. Operating profit grew by 0.7% to £16.98m. Adjusted restaurant Ebitda grew by 9.7% to £26.4m but in … view
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Thursday 18th September 2014
Simon French – Restaurant Group should merge with M&B
Simon French – Restaurant Group should merge with M&B: Simon French, the former Panmure Gordon leisure analyst now at Cenkos Leisure, has argued that the Restaurant Group should seek to merge with Mitchells & Butlers to solve the latter’s … view
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Thursday 18th September 2014
Nick Basing – Essenden will stick with ten-pin bowling
Nick Basing – Essenden will stick with ten-pin bowling: Essenden chief executive Nick Basing has reported that the company has changed its mind on diversifying into other leisure businesses after seeing its core ten-pin bowling and family en … view
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Thursday 18th September 2014
Propel Thursday News Briefing
Gondola Holdings to put Ask and Zizzi on the market with £300m price tag: Gondola Holdings is set to put its Ask Italian and Zizzi brands on the market, The Times has reported. The sale is the next step in the dismantling of Gondola’s … view
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Wednesday 17th September 2014
Punch debt restructure gets stakeholder green light
Punch debt restructure gets stakeholder green light: Punch Taverns shareholders and bondholders have both today approved debt restructuring proposals that will see a debt for equity swap – they were passed by noteholders at each of … view
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Wednesday 17th September 2014
Propel Wednesday News Briefing
Admiral Taverns returns to Scotland with 111-site Heineken acquisition: Admiral Taverns has returned to Scotland with the acquisition of 111 pubs from Heineken. Admiral disposed of its last Scottish outlet in 2010, but the portfolio boug … view
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Tuesday 16th September 2014
Heineken sells 111 pubs to Admiral Taverns
Heineken sells 111 pubs to Admiral Taverns: Heineken UK has announced that it has agreed to sell 111 pubs from its Star Pubs & Bars business to Admiral Taverns for an undisclosed sum. The sale is expected to complete during October 2014. … view
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Tuesday 16th September 2014
Brian Whiting – ‘Harveys has acted disgracefully over pub’
Brian Whiting – ‘Harveys has acted disgracefully over pub’: Whiting & Hammond founder Brian Whiting has accused Lewes-based brewer Harvey’s of acting disgracefully over Old Dunnings Mill in East Grinstead, which the brewer has decided … view
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Tuesday 16th September 2014
Propel Tuesday News Briefing
Administrator hires LT to run Rileys Sports Bars: Administrator Deloitte has hired LT Pub Management to operate the 44 Rileys Sports Bars that remain open after the company went into administration yesterday. The administrator will contin … view
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Monday 15th September 2014
Administrator closes 15 Rileys Sports Bars sites
Administrator closes 15 Rileys Sports Bars sites: Administrator Deloitte has closed 15 of the 59 sites within the Rileys Sports Bars chain after the business fell into administration today. This has resulted in 104 redundancies at those sites, … view
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Monday 15th September 2014
Rileys Sports Bars placed in administration
Rileys Sports Bars placed in administration: The 60-strong Milton-Keynes-based Rileys Sports Bars chain has been placed in administration with accountancy firm Deloitte today. The administration comes just two months after its owner Greybull C … view
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Monday 15th September 2014
Greggs reports 5.4% rise in like-for-likes
Greggs reports 5.4% rise in like-for-likes: Bakery chain Greggs, the operator of 1,700 outlets led by former Punch Taverns boss Roger Whiteside, has reported like-for-like sales have risen 5.4% for the 11 weeks to 13 September (2013: 1.0% decl … view
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Monday 15th September 2014
Propel Monday News Briefing
Samba Swirl launches crowd-funding push: Samba Swirl, the first self-serve frozen yogurt chain in the UK, selling fresh juices, gluten-free crepes, Acai bowls, smoothies and shakes, has launched a crowd-funding push on Crowdcube, looking … view
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Saturday 13th September 2014
JDW results: menu strategy, brand equity, small towns, freeholds
Propel Info managing director Paul Charity attended yesterday’s JD Wetherspoon results briefing hosted by chief executive John Hutson and finance director Kirk Davis. Below are the key areas covered.

Food sal … view
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Friday 12th September 2014
Friday Opinion
Subjects: High street restaurant gold rush, McDonald’s and choosing a brand in Milton Keynes
Authors: Paul Charity, Martyn Cornell and Ann Elliott
 

Winners and losers in the high street restaurant g … view

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Friday 12th September 2014
JDW's Tim Martin launches attack on corporate governance rules in results
JDW’s Tim Martin launches attack on corporate governance rules in results: JD Wetherspoon has reported that its like-for-like sales have risen 6.3% in the six weeks to 7 September, up from 5.5% for its full year. Total sales for the yea … view
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Friday 12th September 2014
Propel Friday News Briefing
Coffer Peach reports sector like-for-likes up 1.3% in August: Britain’s restaurant and managed pub groups recorded another month of steady growth in August, with collective like-for-like sales up 1.3% on the same time last year, latest … view
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Thursday 11th September 2014
Peach Ebitda dip in consolidation year
Peach Ebitda dip in consolidation year: Peach Pub Company, led by Hamish Stoddart and Lee Cash, has reported Ebitda dipped to £1,280,234 (2012: £1,540,552) in the year to 29 December 2013. Turnover rose 6% to £20.5m (2012: £19.3m) and pre- … view
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Thursday 11th September 2014
McHattie steps down as ALMR chief executive
McHattie steps down as ALMR chief executive: David McHattie, chief executive of the ALMR, has announced today that he is going to relinquish his current role and take up a position on the Council as from the end of September. Kate Nicholl … view
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Thursday 11th September 2014
Prezzo reports sales up 16% in First Half
Prezzo reports sales up 16% in First Half: Prezzo, the restaurant company headed by Jonathan Kaye, has reported that overall sales for the 26 weeks ended 29 June 2014 were 16% higher at £92.4m (2013 – £79.7m). The company declines to comme … view
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Thursday 11th September 2014
Propel Thursday News Briefing
Barclays – the way people are consuming coffee has changed: Leisure analysts at Barclays have argued that the way Britons are drinking coffee has changed. The coffee shop market has continued to grow, but coffee consumption per head has … view
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Wednesday 10th September 2014
Amber Taverns reports Ebitda hits £7,609,000
Amber Taverns reports Ebitda hits £7,609,000: Amber Taverns, the community pub operator, ha reported that Ebitda hit £7,609,000 in the year ended 2 February 2014 compared to £6,757,000 the year before. Turnover rose 11% to £36,870,000 … view
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Wednesday 10th September 2014
Greene King reports slow start in managed division
Greene King reports slow start in managed division: Greene King has reported that like-for-like sales in its managed division were up 0.4% in the first 18 weeks of the year to 7 September, with tough comparatives from the “excellent summer l … view
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Wednesday 10th September 2014
Propel Wednesday News Briefing
McDonald’s reports worst monthly sales in a decade: McDonald’s has reported its worst monthly global sales decline in more than a decade. Like-for-like sales at restaurants open at least 13 months were down 3.7% in August. The month m … view
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Tuesday 9th September 2014
M&C Report publisher reports bumper year
M&C Report and Restaurant magazine publisher reports bumper year: M&C Report and Restaurant magazine publisher William Reed Business Media, led by Charles Reed, has reported pre-tax profit of £5,546,000 in the year to 31 March 2014, up from … view
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Tuesday 9th September 2014
Whitbread reports 6.8% like-for-likes
Whitbread reports 6.8% like-for-likes: Whitbread has reported 6.8% like-for-like sales growth in the 11 weeks to 14 August. Like-for-like sale sales growth was led by Premier Inn, up 9.2%, with Costa Coffee like-for-likes up 7.3% and rest … view
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Tuesday 9th September 2014
Chapel Down Group launches crowd-funding move
Chapel Down Group launches crowd-funding move: Wine producer Chapel Down Group is to raise up to €5 million through crowd-funding platform Seedrs. A placing has also already secured £670,000 of extra funding. The company stated: “The new … view
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Tuesday 9th September 2014
Propel Tuesday News Briefing
Colliers – foreign buyers are trawling West Country hotel market: Foreign buyers are trawling the West of England hotel market for new business opportunities in a search for value, according to hospitality sector experts at Colliers Int … view
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Monday 8th September 2014
Loungers hires Justin Carter as chief operating officer
Loungers hires Justin Carter as chief operating officer: Cafe bar brand Loungers has hired Justin Carter as chief operating officer. Carter will leave his current role as operations director at Fuller’s in December and join Loungers at … view
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Monday 8th September 2014
Private equity firm buys The Original Bowling Company
Private equity firm buys The Original Bowling Company: Private equity firm Electra Partners has bought Hollywood Bowl and AMF Bowling’s parent company, The Original Bowling Company (TOBC) for £91 million. The Original Bowling Company is the … view
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Monday 8th September 2014
Propel Monday News Briefing
Former PizzaExpress chief executive reveals progress with investment portfolio: David Page, the former PizzaExpress chief executive and chairman, has reported strong progress with his sector investment portfolio. Page, who worked with Luk … view
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Friday 5th September 2014
McDonald's UK sees profits leap 27% as turnover hits £1.5bn
McDonald's UK sees profits leap 27% as turnover hits £1.5bn: McDonald's UK saw post-tax profit for 2013 leap 27% to £194.93m, as turnover for the year to 31 December rose by £180m, or 13.7%, to £1.5bn. Pre-tax profit, after payment of £73 … view
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Friday 5th September 2014
Friday Opinion
Subjects: The attraction of Nando’s, fags, booze and junk food and capturing mobile customers
Authors: Martyn Cornell, Paul Chase and Matthew Kirby
 

Why Nando’s attraction will last longer than Fi … view

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Friday 5th September 2014
Marston’s adds two non-executive directors
Marston’s adds two non-executive directors: Marston’s has unveiled two non-executive appointments to the Board. Carolyn Bradley and Catherine Glickman will join the Board as independent non-executive directors with effect from 1 October 20 … view
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Friday 5th September 2014
Propel Friday News Briefing
UK hotels have turned the corner to recovery: Hotels in eight out of 12 UK cities in the latest quarterly Hotel Bulletin for Q2 2014 recorded RevPAR (rooms revenue per available room) beyond pre-downturn levels with the remaining four cit … view
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Thursday 4th September 2014
Results: Glendola, Trust Inns, Miller Brands
Waxy O’Connor operator Glendola reports turnover increase: Glendola Leisure, the operator of Rainforest café and Waxy O’Connor’s led by Alex Salussolia, has reported turnover increased by 11.9% to £31,929,000 in the year to 29 Mar … view
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Thursday 4th September 2014
Wildwood operator reports 24% rise in PBT
Wildwood operator reports 24% rise in PBT: Wildwood operator Tasty has reported sales rose 26% to £13,794,000 (H1 2013: £10,979,000) in the 26 weeks ended 29 June. Operating profit, before pre-opening costs, was up 16% to £1,210,000 (H … view
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Thursday 4th September 2014
Propel Thursday News Briefing
Body Text Here … view
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Thursday 4th September 2014
Propel Thursday News Briefing
UK alcohol consumption falls again to lowest this century: Alcohol consumption in the UK fell again in 2013, and is down 18% in the past decade, new figures in the Stats Handbook from the British Beer & Pub Association show. UK alcohol consump … view
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Wednesday 3rd September 2014
KFC reports UK turnover and profit boost
Kentucky Fried Chicken reports UK turnover and profit boost: Kentucky Fried Chicken, led by Martin Shuker in the UK and owned by Yum! Brands, has reported a riser in turnover of 5.5% to £446.4m in the year to 1 December 2013, from £423.35m t … view
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Wednesday 3rd September 2014
Spirit reports 2.1% rise in summer like-for-likes
Spirit reports 2.1% rise in summer like-for-likes: Spirit Pub Company has reported a 2.1% rise in like-for-like sales in the 12 weeks to 16 August, down from the 4.4% achieved in the 52 weeks to the same date because of strong comparatives fro … view
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Wednesday 3rd September 2014
Propel Wednesday News Briefing
Michelin-starred restaurateurs to launch pizza brand: The owners of the Michelin-starred Bristol restaurant Casamia are to open a new pizza concept called Pi Shop in Portishead, Somerset this winter. The 60-seat family-oriented restaurant and … view
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Tuesday 2nd September 2014
Brakspear boosts managed estate with flagship pub
Brakspear boosts managed estate with flagship pub: The Henley-based brewer and pub operator Brakspear is boosting its fledgling managed estate by bringing the Chequers in Marlow, Buckinghamshire across from its tenanted and leased operation. T … view
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Tuesday 2nd September 2014
BrewDog to launch lager with free tasting
BrewDog to launch lager with free tasting at bars tomorrow: The Scottish brewer and retailer BrewDog has set its sights on obliterating what it says is the "insidious culture around lager drinking" cultivated by decades of mass marketing by la … view
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Tuesday 2nd September 2014
Propel Tuesday News Briefing
Hugh Osmond enters exclusive talks to buy Strada: Entrepreneur Hugh Osmond has entered exclusive talks to buy the Strada chain, through his Sun Capital Partners business, for circa £40m, The Times has reported. A successful acquisition w … view
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Monday 1st September 2014
Paul UK reduces losses as new CEO makes mark
Paul UK reduces losses as new CEO makes mark: Paul UK reduced its losses in 2013 as turnover climbed 1.7% to £23,773,540 from £23,366,832 the year before. Pre-tax losses reduced to £115,496 from £1,432,484 the year prior thanks to the … view
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Monday 1st September 2014
Propel Monday News Briefing
Mark Derry – ‘Brasserie Blanc will get better long-term returns from pubs’: Brasserie Blanc chief executive Mark Derry has told Propel that the company’s plan to open 20 White Brasserie Company pubs in three years is based on the … view
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