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Friday 31st July 2015
Friday Opinion
Subjects: How brands can suffer resource starvation, the blurring of segment boundaries and the psychology of service
Authors: Chris Edger and Tony Hughes, Glynn Davis and Ann Elliott

What happens … view

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Friday 31st July 2015
Update: Fulham Shore, Eclectic and Easyhotel
Fulham Shore reports turnover growth: Real Greek and Franco Manca operator Fulham Shore has reported sales of £8,310,000 for the nine months ended 29 March (12 months ended 29 June 2014: £8,646,000). The company reported headline operat … view
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Friday 31st July 2015
Propel Friday News Briefing
Pret A Manger considers opening dedicated vegetarian store: Pret A Manger is considering opening a dedicated vegetarian store. Chief executive Clive Schlee is exploring the idea after seeing the company’s sales take a distinct shift towards … view
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Thursday 30th July 2015
Update: Restaurant lettings, Britvic, Diageo
Intu reports 39 restaurant lettings out of 96 in total in first six months: Shopping centre business Intu has reported that 39 of the 96 new long-term leases it completed in the six months to 30 June were with restaurant operators. The 96 … view
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Thursday 30th July 2015
Propel Thursday News Briefing
Loungers on track to hit 100 sites by end of 2016 with 66th opening: Loungers, the Piper Private Equity-backed cafe/bar group expects to open 34 more sites in the next 17 months to hit 100 by the end of 2016. It has reached 66 sites with … view
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Wednesday 29th July 2015
Yummy plans tea and retail focus as it unveils sixth site
Yummy plans tea and retail focus as it unveils sixth site: Bedfordshire brewer and pub company Charles Wells has extended its partnership with Yummy Pub Company as the Yummy team takes on the lease for The Daniel Defoe pub in London’s Stoke … view
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Wednesday 29th July 2015
M&B reports 0.8% like-for-like growth in subdued market
M&B reports 0.8% like-for-like growth in subdued market: Mitchells & Butlers has reported like-for-like sales grew 0.8% in the 11 weeks to 25 July, with food like-for-likes up 2.5% but drink sales down 1%. Total sales growth in its third … view
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Wednesday 29th July 2015
Propel Wednesday News Briefing
Greene King Leisure Tracker finds 25% of customers want to log on at the pub: Over a quarter of Brits would like to be able to log on from the pub as they look for alternative places to work, according to the latest Greene King Leisure Sp … view
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Tuesday 28th July 2015
Heartstone Inns secures £8m refinancing to fund expansion
Heartstone Inns secures £8m refinancing to fund expansion: South and south west managed pub operator Heartstone Inns has secured a new £8m refinancing deal with HSBC which provides the company with £5m of development finance to invest … view
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Tuesday 28th July 2015
Domino’s Pizza reports like-for-likes up 10.3%
Domino’s Pizza reports like-for-likes up 10.3%: Domino’s Pizza UK has reported UK like-for-like sales growth of 10.3% in the 26 weeks to 28 June, with system sales up 14% to £426.7m. A total of 21 (2014: 8) stores opened in the period. E- … view
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Tuesday 28th July 2015
Propel Tuesday News Briefing
Cabana accelerates expansion plans outside London with Southampton and Watford sites: Cabana, the award-winning Brazilian barbecue group led by Jamie Barber and David Ponte, is accelerating its expansion outside London with its tenth and … view
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Monday 27th July 2015
Robinsons commits to £23m investment amid record beer production
Robinsons commits to £23m investment amid record beer production: Robinsons, the north west brewer and retailer with more than 300 pubs, has committed to invest in more than 200 of its 300 pubs in the next five years as well as develop its ma … view
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Monday 27th July 2015
Merlin – Alton Towers accident has had an adverse impact
Merlin – Alton Towers accident has had an adverse impact: Merlin Entertainments has reported that, whilst first half results, which will be published on 30 July 2015, are expected to be in line with analyst estimates, the serious accide … view
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Monday 27th July 2015
Propel Monday News Briefing
McDonald’s – ‘self-serve kiosks could be our answer’: McDonald’s chief executive Steve Easterbrook has hailed the success of self-serve kiosks in France, which is the company’s second most profitable market after the US. The s … view
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Friday 24th July 2015
16 story update: Loungers, McDonald's, M&B, JDW, TRG
Panmure Gordon – The Restaurant Group is well-placed to buy another brand: Panmure Gordon has argued that The Restaurant Group is well-placed to add to its portfolio. Issuing a ‘buy’ recommendation with a 770p price target this week, a n … view
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Friday 24th July 2015
Friday Opinion
Subjects: Benchmarking the sector, the trends changing consumer behavior, over-egging the menu and political cross-dressing
Authors: Kate Nicholls, Claire Blampied, Glynn Davis and Paul Chase

Bench … view

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Friday 24th July 2015
Propel Friday News Briefing
Starbucks chief executive Howard Schultz has hailed a “most remarkable” Quarter Three to 28 June that saw global like-for-like sales rise 7% driven by a 4% increase in traffic. US like-for-like sales rose 8%, driven by a 4% increase in traffic, w … view
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Thursday 23rd July 2015
Wagamama reports Ebitda of £30.3m, turnover nears £200m
Wagamama reports Ebitda of £30.3m, turnover nears £200m: Wagamama has reported underlying Ebitda up 19.8%, resulting in an adjusted Ebitda of £30.3m for the brand for the 52 weeks, ending 26 April 2015. The results saw a 10% sales grow … view
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Thursday 23rd July 2015
BrewDog reports £7.3m raised so far in £25m crowdfunding push
BrewDog reports £7.3m raised so far in £25m crowdfunding push: BrewDog has reported a total of £7.3m has been raised in the three month since it launched Equity for Punk IV, aiming to raise £25m. The total number of investors in Equity for … view
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Thursday 23rd July 2015
McDonald’s reports global like-for-likes down 0.7% in second quarter
McDonald’s reports global like-for-likes down 0.7% in second quarter: McDonald’s has reported global like-for-likes down 0.7% for the second quarter ended June 30, 2015, reflecting ‘negative guest traffic in all major segments’. Like-f … view
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Thursday 23rd July 2015
Update: Fuller's posts 5.7 LfLs, Britvic acquisition
Fuller’s reports LfLs up 5.7% in managed: Fuller’s has reported a strong start to the new financial year, with like-for-like sales in managed pubs and hotels rising by 5.7% for the period and like-for like profits in the tenanted divi … view
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Thursday 23rd July 2015
Propel Thursday News Briefing
Burger & Lobster eyes major expansion in UK and overseas: Burger & Lobster, the brand owned by Goodman Restaurant Group, is set for major expansion both in the UK and overseas before the end of 2015. The company is following its openings in Ne … view
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Wednesday 22nd July 2015
Restaurants beating pubs amid 14% annual supply growth
Restaurants taking market share from pubs amid 14% per annum supply growth: Leisure analysts at Panmure Gordon have claimed the sector is going through “unprecedented change” with 14% per annum casual dining supply growth, with restaurant … view
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Wednesday 22nd July 2015
Marston's – government should prioritise taxation and business rate reductions
Marston’s – government should prioritise taxation and business rate reductions: Brewer and retailer Marston’s has argued that the government should prioritise taxation and business rate reductions in an official response to news of … view
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Wednesday 22nd July 2015
Propel Wednesday News Briefing
UK’s biggest brewpub operator Brewhouse & Kitchen aiming to double estate by 2019: Brewhouse & Kitchen, the EIS-backed micro-brewer and pub operator, is aiming to double its number of sites to 18 by 2019. The company, led by Simon Bunn and K … view
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Tuesday 21st July 2015
TGI Friday’s biggest menu update since 2007, Ed's Easy Diner's loyalty app
TGI Friday’s UK launches biggest menu update in eight years: TGI Friday’s UK has today (21 July) launched its biggest menu update since 2007. The Meet Your Match menu aims to serve smoky, tender meats and gooey, sweet treats, bringing … view
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Tuesday 21st July 2015
Update: Domino's Pizza, SSP Group, NewRiver Retail
Douglas Jack – we expect another strong trading update from Domino’s: Numis Securities leisure analyst Douglas Jack has forecast “a strong update” at Domino’s Pizza when it reports interim results next Tuesday (28 July). Issuing … view
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Tuesday 21st July 2015
Propel Tuesday News Briefing
Technomic research reveals six key trends in US in first half of 2015: Research by insights firm Technomic has revealed six key trends in the US in the first half of 2015. The fast casual segment is continuing to outpace the rest of the … view
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Monday 20th July 2015
Benchmarking survey shows sector turnover up 4.2%
Benchmarking survey shows sector turnover up 4.2%: The UK’s licensed hospitality sector continues to make a consolidated recovery and grow in confidence, but rising legislative costs mean increased volatility and risk undermining a frag … view
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Monday 20th July 2015
New research - casual dining winning customer satisfaction battle
New research - casual dining winning customer satisfaction battle: New research from insights firm NPD Group has shown that casual dining chains are winning in the customer satisfaction stakes. For the year ending March 2015, consumers said th … view
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Monday 20th July 2015
Propel Monday News Briefing
Starbucks plans exclusive concept shop in Covent Garden, £30m technology investment: Starbucks is planning to open a concept shop in Covent Garden under a new brand called Starbucks Reserve that will not bear its green mermaid logo and w … view
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Friday 17th July 2015
Batemans plans lower barrelage and more managed pubs future
Batemans plans lower barrelage and more managed pubs future: George Bateman is planning to reduce production at its historic brewery in Wainfleet, Lincolnshire, to take full advantage of Progressive Beer Duty tax benefits. The brewer produces … view
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Friday 17th July 2015
Drake & Morgan backer Imbiba reveals investment progress
Drake & Morgan founder Imbiba reports progress on current investments: Imbiba, the specialist leisure sector EIS investment fund that set up and sold Drake and Morgan and earned a 5.7 times return for investors, has reported strong progress fo … view
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Friday 17th July 2015
New 63-page report reveals trends shaping foodservice’s future
New report reveals ‘deregulated’ lifestyles set to shape future of foodservice in the UK: A new report has revealed “deregulated” lifestyles are set to shape the future of food service in the UK as Britain becomes a nation of “p … view
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Friday 17th July 2015
Friday Opinion
Subjects: The growing importance of food at JD Wetherspoon, the challenges of today’s casual dining market, how the supermarkets bottled it and making service a differentiator
Authors: Tim Martin, Steve Richards, Glynn Davi … view
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Friday 17th July 2015
Propel Friday News Briefing
Mitchells & Butlers could be hardest hit by the NLW, with Wetherspoon also vulnerable: Mitchells & Butlers (M&B) could the business hardest hit by the introduction of the National Living Wage, delaying reinstatement of the dividend until … view
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Thursday 16th July 2015
Costa Coffee unveils £36m new roastery to meet demand
Costa Coffee unveils £36m new roastery to meet demand: Costa Coffee has announced that it will be building a brand new £36m roastery to support future growth. The new roastery will be built in Basildon and will operate in conjunction with Co … view
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Thursday 16th July 2015
Update: June like-for-likes, National Living Wage impact
Analyst – National Living Wage to put pressure on forecasts over medium term: Deutsche Bank analyst Geof Collyer has argued that the introduction of the National Living Wage (NLW) will affect ‘some significantly more than others’. H … view
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Thursday 16th July 2015
Propel Thursday News Briefing
Flypay to accelerate expansion after securing £7m funding from Time Out: Flypay, the award-winning pay-at-table technology company, is to accelerate its expansion after securing £7m ($10.7m) Series A funding from global multimedia disco … view
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Wednesday 15th July 2015
Wasabi reports Ebitda of £8m
Wasabi reports Ebitda of £8m: London-based sushi and bento business Wasabi has reported turnover grew 21% to £63,593,000 in the year to 27 December 2014, ‘driven by strong like-for-like growth and the continuation of our branch openin … view
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Wednesday 15th July 2015
JDW like-for-likes up 2.9%, Martin warns on Living Wage
JDW like-for-likes up 2.9%, Martin warns on Living Wage: JD Wetherspoon has reported like-for-like sales up 2.9% for the 11 weeks to 12 July 2015 and total sales up by 6.5%. In the year to date (50 weeks to 12 July 2015) like-for-like sales in … view
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Wednesday 15th July 2015
Propel Wednesday News Briefing
MatchPint secures £1m investment: MatchPint, the mobile technology company connecting sports fans, pubs and drinks brands, has secured a £1m Series A investment in order to drive growth and innovation over the next 18 months. Since laun … view
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Tuesday 14th July 2015
CBPE Capital confirms sale of Cote
CBPE Capital confirms sale of Cote: CBPE Capital, the mid-market private equity firm, has confirmed the sale of its investment in Côte Restaurants to BC Partners. Terms of the transaction are not disclosed but it is thought to have been sold … view
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Tuesday 14th July 2015
CAMRA seeks to protect 3,000 pubs with ACV status
CAMRA launch initiative to protect 3,000 pubs as new figures show 29 being lost every week across the UK: The Campaign for Real Ale (CAMRA) is launching a new initiative to protect 3,000 pubs from demolition or conversion to other uses - as ne … view
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Tuesday 14th July 2015
Benugo reports strong turnover and like-for-like growth
Benugo reports strong turnover and like-for-like growth: Benugo, which operates high-street cafes and restaurants within corporate organisations and renowned public spaces, has reported 16% growth in turnover (£81.1m from £70.1m in 2013 … view
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Tuesday 14th July 2015
Propel Tuesday News Briefing
Punch Taverns set to launch new coffee-led concept Brewed and Baked: Punch Taverns is set to launch a new bakery cafe concept called Brewed and Baked. The company, which operates more than 4,000 pubs across the United Kingdom, is to open … view
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Monday 13th July 2015
Square Pie launches ‘pie bond’ on Crowdcube to raise up to £2m
Square Pie launches ‘pie bond’ on Crowdcube to raise up to £2m: Gourmet pie business Square Pie has launched a four-year ‘Pie Bond’ on crowdfunding platform Crowdcube, with a target of raising between £750,000 and £2 million to fund … view
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Monday 13th July 2015
Propel Monday News Briefing
Doctors call for 20% tax on sugary drinks: Adding 20% tax on sugary drinks would be a “useful first step” towards the long-term goal of taxing a wide range of products in the fight to reduce obesity, doctors’ leaders have said. With … view
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Sunday 12th July 2015
Clevely recruits chief operating officer for Enterprise JV
Rupert Clevely recruits Dawn Donohue as chief operating officer for joint venture with Enterprise: Industry veteran Rupert Clevely, who founded Geronimo Inns, has recruited Dawn Donohue as chief operating officer for his new “managed ex … view
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Friday 10th July 2015
Horizons – eating out sector sees unexpected slight year-on-year dip
Horizons – eating out sector sees unexpected slight year-on-year dip: Britain’s eating out sector has seen an unexpected slight year-on-year dip, according to a new survey by insights firm Horizons. Following a slow but steady increase in … view
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Friday 10th July 2015
Friday Opinion
Subjects: Why brands perish, mixed feelings on pub food, and health and alcohol
Authors: Chris Edger and Tony Hughes, Glynn Davis and Paul Chase 

Why brands perish by Chris Edger and Tony Hughesview

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Friday 10th July 2015
Update: Sticks'n' Sushi expansion, over-65s spending power
Sticks ‘n’ Sushi to open first UK site outside London and expand into Germany: The Danish-owned Japanese restaurant brand Sticks ‘n’ Sushi is to open its first UK site outside the M25 in Cambridge in March next year. The company, … view
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Friday 10th July 2015
Propel Friday News Briefing
Luke Johnson – food and drink retail sector ‘still a wonderful business to be involved in’, but the fight is on for pubs: Sector investor Luke Johnson has argued that the food and drink retail sec … view
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Thursday 9th July 2015
Krispy Kreme UK more than doubles PBT to £7.2m
Krispy Kreme UK more than doubles PBT to £7.2m: Krispy Kreme has reported that pre-tax profit surged to £7,274,000 in the UK in the year to 1 February 2015, up from £3,166,000 the year before. Turnover was stable at £52,192,000 compared to … view
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Thursday 9th July 2015
Ask and Zizzi operator confirms deal to buy Coco di Mama
Ask and Zizzi operator confirms deal to buy Coco di Mama: Azzurri Group, the operator of ASK Italian and Zizzi, has confirmed it has entered into an agreement to acquire Coco di Mama, the quick-service Italian food and coffee operator. Coco di … view
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Thursday 9th July 2015
Analyst: Living Wage will feel like a tax on employers
Jamie Morgan – The Living Wage could impact PBT by up to 21% in 2016: Morgan Stanley leisure analyst Jamie Rollo has forecast that the introduction of Living Wage by the government could hit profit before tax by up to 21% in 2016 for some co … view
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Thursday 9th July 2015
Propel Thursday News Briefing
YO! Sushi reports early success at directly managed US locations: YO! Sushi has reported success at its first two directly managed locations in the US, located in Paramus, New Jersey, and Sarasota, Florida. “Both places have had an exce … view
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Wednesday 8th July 2015
Trade body urges caution over £9-an-hour Living Wage plan
Trade body urges caution over £9-an-hour Living Wage plan: The Association of Licensed Multiple Retailers (ALMR) has urged the government to be mindful of overall employment costs in the wake of news that a National Living Wage will be i … view
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Wednesday 8th July 2015
Propel Wednesday News Briefing
Crowdcube raises more in first half of 2015 than whole of 2014, high female engagement: Crowdfunding platform Crowdcube has raised £38,889,297 for funded businesses in the first half of 2015, more than the £35m raised in the whole of 20 … view
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Tuesday 7th July 2015
Gastro-operators plan 12,000 sq ft world class fashion and culinary hub
Gastro-operators plan 12,000 sq ft world class fashion and culinary hub: Barry Hurst and Stefan Turnbull, who operate three Cubbitt House gastro-pubs and restaurants in Belgravia, have secured the lease on the 12,000 square foot Pantechnicon b … view
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Tuesday 7th July 2015
Young's reports like-for-likes up 5.6%
Young’s reports like-for-likes up 5.6%: Pub retailer Young’s has reported like-for-like sales growth of 5.6% in the first quarter of its financial year. At today’s Annual General Meeting, Nick Bryan, chairman of Young’s, will make … view
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Tuesday 7th July 2015
Propel Tuesday News Briefing
Casual Dining Group acquires Las Iguanas for circa £85m: The Casual Dining Group, led by Steve Richards and backed by Apollo Global Management has acquired 41-strong South American-themed restaurant group Las Iguanas in a deal valued at … view
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Monday 6th July 2015
Hotcha launches £1m mini-bond to become national takeaway chain
Hotcha launches £1m mini-bond to become national takeaway chain: Hotcha, the Chinese takeaway chain that operates ten stores across the South West of England, has launched a four-year mini-bond on crowd-funding platform Crowdcube, looking to … view
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Monday 6th July 2015
Revolution Bars Group reports 3% like-for-like sales growth in full year
Revolution Bars Group reports 3% like-for-like sales growth in full year: Revolution Bars Group, the operator of premium bars trading under the Revolution and Revolución de Cuba brands, has reported total sales for the year to 30 June 2015 in … view
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Monday 6th July 2015
Propel Monday News Briefing
The UK’s foodservice market is in “much better shape” than the rest of Europe: There has been 0.6% growth in the number of visits made to foodservice outlets in the most recent year and the UK is outgrowing other countries, NPD Grou … view
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Sunday 5th July 2015
Analyst – Greene King’s Spirit acquisition opens up host of options
Analyst – Greene King’s Spirit acquisition opens up host of options: Deutsche Bank Geof Collyer has issued a ‘Buy’ note on Greene King and set a share price target of 1,175p after the completion of its Spirit Pub Company acquisiti … view
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Saturday 4th July 2015
Wagamama to get new chairman ahead of float review:
Wagamama to get new chairman ahead of float review: A new chairman is set to take the helm at Wagamama ahead of a review that could see it float on the stock market, according to Sky News. Allan Leighton, the former boss of Asda and ex-Royal M … view
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Friday 3rd July 2015
Update: JDW, BrewDog, Whitbread, Domino's, Crowdcube
JD Wetherspoon plans £10m Glasgow hotel: JD Wetherspoon aims to build a hotel on a plot of land vacant next to its Crystal Palace pub in Glasgow as well as developing the upper floors to the pub. The development cost for the new hotel is £10 … view
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Friday 3rd July 2015
Friday Opinion
Subjects: Building a story, safe levels of alcohol consumption and moving forward
Authors: Glynn Davis, Paul Chase and Ann Elliott

Building a story by Glynn Davis

Taking a trip to the Cham … view
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Friday 3rd July 2015
Propel Friday News Briefing
Beds and Bars targets £100m annual turnover after adding £9m of sales in two years: Beds and Bars chief executive Keith Knowles has reported that he aims to more than double company annual turnover from the current £39.06m a year to £ … view
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Thursday 2nd July 2015
C&C Group reports mixed trading, Scotland hit by stricter drink drive laws
C&C Group reports mixed trading, Scotland hit by stricter drink drive laws: Drinks producer C&C Group has reported trading conditions in its first quarter, the three months to 31 May, were mixed. It stated: “The Group’s core markets of Ire … view
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Thursday 2nd July 2015
Propel Thursday News Briefing
Heineken to invest record £30m in leased estate, 60% of pubs leased to multiple operators in first half of year: Heineken is set to invest up to £30m in upgrading its Star Pubs & Bars estate by the end of 2015, a 60% increase on 2014. I … view
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Wednesday 1st July 2015
Drake & Morgan unveils 14,500 square foot deli, bar and grill details
Drake & Morgan unveils 14,500 square foot deli, bar and grill details: Drake & Morgan is to open a new bar and grill concept in King’s Cross in late September, its ninth site. To be called Drake & Morgan at King’s Cross, the site will … view
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Wednesday 1st July 2015
Greene King reports managed like-for-likes up 0.4%
Greene King reports managed like-for-likes up 0.4%: Greene King has reported like-for-like sales in its managed division rose 0.4% in the 52 weeks to 3 May. Sales within its manage pubs hot £1bn for the first time. Its tenanted division, … view
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Wednesday 1st July 2015
Propel Wednesday News Briefing
Casual Dining Group to create 2,000 jobs thanks to 40 Bella Italian openings in three years: Casual Dining Group’s Bella Italia brand has unveiled plans to create over 2,000 new jobs nationwide thanks to a growth plan which will see 40 … view
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