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Thursday 30th November 2017
Deltic Group buys 3% stake in Revolution
Deltic Group buys 3% stake in Revolution: The Deltic Group has bought a 3% stake in Revolution Bars Group. Deltic has purchased 1,500,000 shares in Revolution. The share deal comes some six weeks after Deltic said it was still willing to talk … view
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Thursday 30th November 2017
Update: Greene King and Marston’s results, Butcombe
Greene King reports challenging first half, improving tends since period end: Greene King has reported revenue down 1.2% to £1,031.4m in the 24 weeks to 15 October 2017 with operating profit down 7.5% to £188.4m. The company reported … view
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Thursday 30th November 2017
Propel Thursday News Briefing
85% of hospitality businesses victim of malicious and fake online reviews, half suffer blackmail threat: Hotels and restaurants are increasingly worried about malicious and fake online reviews with 85% of hospitality businesses falling vi … view
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Wednesday 29th November 2017
Wagamama reports UK like-for-likes up 7.1%
Wagamama reports UK like-for-likes up 7.1%: Wagamama has reported UK like-for-like sales rose 7.1% in the 12 weeks to 5 November 2017, the second quarter of its fiscal year 2018. Group turnover increased 14.4% to £70.6m while adjusted Eb … view
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Wednesday 29th November 2017
Update: Cineworld and Britvic
Cineworld confirms it is in advanced discussions to buy Regal: Cineworld has confirmed it is in advanced discussions to acquire US cinema chain Regal. It stated: “The board of Cineworld notes the press speculation regarding a potential … view
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Wednesday 29th November 2017
Propel Wednesday News Briefing
Be At One hits productivity milestone as revenue per labour hour exceeds £50, outperforming industry by 52.5%: Be At One, the specialist cocktail bar group, has broken through a key labour productivity milestone with revenue per labour h … view
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Wednesday 29th November 2017
Be At One sees revenue per labour hour exceed £50, outperforming industry by 52.5%
Be At One hits productivity milestone as revenue per labour hour exceeds £50, outperforming industry by 52.5%: Be At One, the specialist cocktail bar group, has broken through a key labour productivity milestone with revenue per labour hour n … view
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Tuesday 28th November 2017
Update: Foodservice price inflation eases to 5.8%, Casual Dining Awards 2018 finalists revealed
Foodservice price inflation eases to 5.8% in October: Foodservice price inflation declined for the second month in a row in October to reach 5.8%, the latest CGA Prestige Foodservice Price Index has revealed. It is the joint lowest monthl … view
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Tuesday 28th November 2017
YO! Sushi appoints Richard Hodgson as chief executive following Bento acquisition
YO! Sushi appoints Richard Hodgson as chief executive following Bento acquisition: YO! Sushi, which acquired North America’s second-largest sushi brand Bento Sushi for £59m last week, has appointed Richard Hodgson as chief executive to lead … view
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Tuesday 28th November 2017
Shaftesbury reports West End trading 'largely unaffected' by slowing economy
Shaftesbury reports West End trading ‘largely unaffected’ by slowing economy: Shaftesbury, which is landlord to 282 pubs, restaurants and cafes in the West End, has reported its tenants are seeing resilient trading growth and has been … view
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Tuesday 28th November 2017
Propel Tuesday News Briefing
Women biggest losers in pubs decline with female licence holders down 44% in past five years: Women have been the biggest losers in the decline of pubs with the number of female licence holders down almost 44% in the past five years, acco … view
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Monday 27th November 2017
Update: Patisserie Valerie results, Revolution/Deltic, Marston’s
Patisserie Valerie reports turnover and profit boost: Patisserie Valerie has reported sales up 9.7% to £114.2m (2016: £104.1m) in the 12 months ended 30 September 2017. Online sales were up 26% to £4.8m (2016: £3.8m) and gross profit … view
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Monday 27th November 2017
Propel Monday News Briefing
Ei Group becomes first UK pub company to participate in Lloyds Bank energy saving initiative with £50m loan: Ei Group, formerly Enterprise Inns, has become the first UK pub company to complete a loan under Lloyds Bank’s green lending i … view
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Monday 27th November 2017
Ei Group becomes first UK pub company to participate in Lloyds Bank energy saving initiative with £50m loan
Ei Group becomes first UK pub company to participate in Lloyds Bank energy saving initiative with £50m loan: Ei Group, formerly Enterprise Inns, has become the first UK pub company to complete a loan under Lloyds Bank’s green lending initiative. T … view
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Friday 24th November 2017
Update: Revolution, St Austell, Grind, Fuller's, MUP, pub companies tackle loneliness
Revolution Bars Group reveals trio of December openings: Revolution Bars Group is to open three new sites under its Revolution brand next month – in Solihull, Inverness and Putney. The openings, which will create about 180 jobs, will in … view
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Friday 24th November 2017
Friday Opinion
Subjects: Budget measures a good start rather than a victory, sector's move into rooms should not detract from the core business, reasons to be cheerful and pubs for all generations
Authors: Kate Nicholls, Glynn Davis, E … view
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Friday 24th November 2017
Fuller’s reports turnover and profit rise in First Half
Fuller’s reports turnover and profit rise in First Half: Fuller’s has reported sales rose 6% to £209.3 million (2016: £197.6 million) in the 26 weeks ended 30 September. Adjusted profit before tax was up 4% to £23.8 million (201 … view
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Friday 24th November 2017
Propel Friday News Briefing
Grind hits £750,000 crowdfunding target within three hours of launch: London-based Grind, the independent coffee and cocktail bar, has hit its £750,000 target on crowdfunding platform Crowdcube within three hours of the campaign being l … view
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Thursday 23rd November 2017
ETM Group reports turnover hits £20m mark, three openings planned for 2018
ETM Group reports turnover hits £20m mark, three openings planned for 2018: ETM Group, the 12-strong bar and restaurant company, has reported turnover hit the £20m mark in a transformational year for the company with three new sites planned … view
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Thursday 23rd November 2017
M&B: Discounts, new concepts, premiumisation and new initiatives
Mitchells & Butlers (M&B) chief executive Phil Urban provides further insight into the company’s strategy and results:
 
Sector discounting levels ‘unsustainable’ as M&B refrains from following suit: Urba … view
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Thursday 23rd November 2017
Update: M&B results, Cineworld and City Pub Group
Mitchells & Butlers reports like-for-likes hit 2.3% in most recent seven weeks: Mitchells & Butlers has reported like-for-like sales up 2.3% in its most recent seven weeks after like-for-likes rose 1.8% in the 53 weeks to 30 September. It … view
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Thursday 23rd November 2017
Propel Thursday News Briefing
Boxpark submits plans for Wembley venture: Boxpark has submitted plans for its 50,000 square foot venture in Wembley, which will include 27 independent food and beverage operators, 20,000 square feet of dedicated events space, and a 300-c … view
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Wednesday 22nd November 2017
Update: NewRiver Retail, SSP Group results
NewRiver Retail updates on pub estate management and development: Property company NewRiver Retail has updated on progress in transferring pubs it acquired from Marston’s four years ago to its own management albeit outsourced to LT Mana … view
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Wednesday 22nd November 2017
Propel Wednesday News Briefing
Story of the Day:

Simon Townsend – diverse managed experts portfolio gives us platform we need to help deal with ongoing economic challenges: Ei Group chief executive Simon Townsend has told Propel t … view
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Tuesday 21st November 2017
Ei Group reports 2.3% like-for-like net income increase, unveils ninth managed JV
Ei Group reports 2.3% like-for-like net income increase: Ei Group, the largest owner and operator of pubs in the UK, has reported like-for-like net income up 2.3% (2016: up 2.1%) for the year ended 30 September 2017. It reported net asset … view
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Tuesday 21st November 2017
Propel Tuesday News Briefing
Asian Catering Federation to introduce ‘tiffin clubs’ as it backs ‘takeaway tax’: The Asian Catering Federation (ACF) is to introduce “tiffin clubs” featuring reusable containers as it gave a guarded welcome to government prop … view
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Monday 20th November 2017
YO! Sushi buys North America’s second-largest sushi brand with 600 sites
YO! Sushi buys North America’s second-largest sushi brand with 600 sites: YO! Sushi has bought Bento Sushi, North America’s second-largest sushi brand, creating a global multi-channel and multi-brand sushi platform. The acquisition values … view
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Monday 20th November 2017
London restaurant like-for-likes down 2.1% in October, City Pub Company float
Like-for-likes sales up just 0.3% in October, London restaurants down 2.1%: Trading across Britain’s managed pub, bar and restaurant groups was essentially flat in October with like-for-like sales up just 0.3% on the same month last year, la … view
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Monday 20th November 2017
Propel Monday News Briefing
Rola Wala founder looking to double estate in next 18 months as third site opens this week, in Oxford: Founder of Indian-inspired street food concept Rola Wala, Mark Wright, has told Propel he is looking to double the estate in the next 1 … view
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Friday 17th November 2017
Deliveroo starts targeting wet-led pubs, raises further £74m
Deliveroo starts targeting wet-led pubs, raises further £74m: Deliveroo has started working with pubs and bars that don’t serve their own food, meaning customers no longer need to go elsewhere for a meal. The delivery service has grown by w … view
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Friday 17th November 2017
Friday Opinion
Subjects: Craft beer market is growing up, MUP – implications of the Supreme Court decision, MUP – what it might mean for other territories, and tackling the hospitality industry’s digital skills gap
Authors: Glynn Davi … view
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Friday 17th November 2017
Propel Friday News Briefing
Multi-site operators scoop eight accolades at Star Pubs & Bars awards: Multi-site operators scooped eight of the 14 accolades at Star Pubs & Bars’ 2017 Star Awards. Caygill & Smith’s Barrelhouse Bar & Grill in Edinburgh won the best b … view
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Friday 17th November 2017
Multi-site operators scoop eight accolades at Star Pubs & Bars awards
Multi-site operators scoop eight accolades at Star Pubs & Bars awards: Multi-site operators scooped eight of the 14 accolades at Star Pubs & Bars’ 2017 Star Awards. Caygill & Smith’s Barrelhouse Bar & Grill in Edinburgh won the best bar te … view
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Thursday 16th November 2017
Bridgepoint becomes Burger King UK master franchisee
Bridgepoint becomes Burger King UK master franchisee: Private equity fim Bridgepoint has reached an agreement with Burger King Europe (BKE), an affiliate of Restaurant Brands International, to become the UK master franchisee of Burger King, wi … view
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Thursday 16th November 2017
Thwaites reports turnover up 9% in first half
Thwaites reports turnover up 9% in first half: North west brewer and retailer Daniel Thwaites has reported turnover increased 9% to £48.0m for the six months ended 30 September 2017 compared with £44.0m the previous year. Operating profit wa … view
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Thursday 16th November 2017
Update: Just Eat, Young’s results, buys Smiths of Smithfield, Easyhotel
CMA clears Just Eat takeover of Hungryhouse: Just Eat has welcomed the announcement that the CMA has unconditionally cleared the company’s acquisition of Hungryhouse. The company stated: “This decision was expected given the favourabl … view
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Thursday 16th November 2017
Propel Thursday News Briefing
Be At One reports like-for-likes up 6%: Be At One, the specialist cocktail bar group, has reported like-for-like sales increased 6% for the year ending 2 April 2017. Turnover increased 24% to £36.9m, compared with £29.8m the previous ye … view
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Thursday 16th November 2017
Be At One reports like-for-likes up 6%, Inn Collection to operate £4m Northumberland site
Be At One reports like-for-likes up 6%: Be At One, the specialist cocktail bar group, has reported like-for-like sales increased 6% for the year ending 2 April 2017. Turnover increased 24% to £36.9m, compared with £29.8m the previous ye … view
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Wednesday 15th November 2017
Delivery to spur British foodservice growth over next two years
Delivery to spur British foodservice growth over next two years, burger chains and casual dining expected to thrive: The British foodservice industry should grow by an additional 83 million visits in 2018 (up 0.7% on 2017), despite stagnant wa … view
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Wednesday 15th November 2017
Update: Turkish grill chain to make UK debut, Easyhotel makes Newcastle buy
Turkish grill chain to make UK debut: A Turkish grill chain is opening its debut UK restaurant off Leicester Square in December. Ali Ocakbasi, which specialises in a fusion of traditional and modern Anatolian cuisine, will open at 16 Irvi … view
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Wednesday 15th November 2017
Propel Wednesday News Briefing
Deltic boss – young Brits going out and spending more to escape ‘stresses of everyday life’: Deltic Group chief executive Peter Marks has told Propel he believes young Brits are now going out more and increasing their average spend … view
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Wednesday 15th November 2017
Deltic boss – young Brits going out and spending more to escape ‘stresses of everyday life’
Deltic boss – young Brits going out and spending more to escape ‘stresses of everyday life’: Deltic Group chief executive Peter Marks has told Propel he believes young Brits are now going out more and increasing their average spend becau … view
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Tuesday 14th November 2017
Europe’s largest Japanese food hall to open at Westfield London
Europe’s largest Japanese food hall to open at Westfield London: Europe’s largest Japanese Food Hall – Ichiba – will open at Westfield London as part of the centre’s £600m expansion. The 17,400 square foot flagship store will featur … view
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Tuesday 14th November 2017
CMA provisionally clears Tesco’s £3.7bn takeover of Booker
CMA provisionally clears Tesco’s £3.7bn takeover of Booker: The Competition and Markets Authority (CMA) has provisionally cleared Tesco’s £3.7bn takeover of Booker after concluding the deal does not raise competition concerns. The CMA st … view
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Tuesday 14th November 2017
Pret signs US and Europe transport hub deal with Autogrill
Pret signs US and Europe transport hub deal with Autogrill: Autogrill has signed an agreement with Pret A Manger that will Pret sites opened in major airports in North America and in airports and railway stations in Europe, including The Nethe … view
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Tuesday 14th November 2017
Propel Tuesday News Briefing
Hospitality sector shows resilience as overall consumer spending falls at fastest rate for four years: Spending in UK hotels, restaurants and bars continued to show resilience in October as overall consumer spending declined at the fastes … view
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Monday 13th November 2017
Propel Monday News Briefing
Chopstix acquires Yangtze brand: Chopstix Group, which owns and operates the eponymous chain of 75 noodle restaurants across the country, has completed its first acquisition. The company has bought the Yangtze chain of restaurants from Th … view
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Monday 13th November 2017
Chopstix acquires Yangtze brand
Chopstix acquires Yangtze brand: Chopstix Group, which owns and operates the eponymous chain of 75 noodle restaurants across the country, has completed its first acquisition. The company has bought the Yangtze chain of restaurants from The Wok … view
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Friday 10th November 2017
Friday Opinion
Subjects: Five lessons from Wetherspoon’s results and Byron Sharp, differentiation routes, minimising alcohol harm in the on-trade, and building the capacity for breakout innovation
Authors: Mat Sloan, Ann Elliott, Elaine H … view
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Friday 10th November 2017
Update: Laine Pub Company sale, Bakkavor float and Christie Group
Laine Pub Company on the market with £60m plus price tag: Laine Pub Company, which has an estate of 55 pubs in Brighton and London, has been placed on the market with a price tag of £60m plus, The Times has reported. The company is bein … view
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Friday 10th November 2017
Propel Friday News Briefing
Abba star to expand immersive experience with 500-capacity Waterloo venue: Plans to build an Abba-themed restaurant in Waterloo, south London, have been given the go-ahead. The proposals for Mamma Mia! The Party, an immersive theatre and … view
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Thursday 9th November 2017
Busaba Eathai sees pre-tax losses treble to £18m, renegotiates banking facilities
Busaba Eathai sees pre-tax losses treble to £18m, renegotiates banking facilities: Busaba Eathai Holdings, the parent company of the Thai chain founded by Alan Yau, has reported a turnover boost but seen pre-tax losses more than treble to nea … view
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Thursday 9th November 2017
Pace of independent restaurant openings in London slows, Gaucho chief executive steps down
Pace of independent restaurant openings in London slows, average dinner price increases above inflation: The pace of independent restaurant openings in the capital has slowed in the past 12 months, according to the 2017 edition of Harden’s L … view
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Thursday 9th November 2017
Propel Thursday News Briefing
Hard Rock Cafe UK reports turnover and profit, plans new Piccadilly Circus site: Hard Rock Cafe UK has reported a dip in turnover and profit but plans to open a new London cafe, in Piccadilly Circus, next year. The company, which operates … view
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Wednesday 8th November 2017
JD Wetherspoon reports like-for-likes up 6.1% in Quarter One
JD Wetherspoon reports like-for-likes up 6.1% in Quarter One: JD Wetherspoon has reported like-for-like sales increased by 6.1% and total sales by 4.3% for the 13-week period up to 29 October 2017. The company stated: “The underlying op … view
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Wednesday 8th November 2017
Propel Wednesday News Briefing
Sector’s biggest benchmarking survey sees Ebitda as percentage of turnover fall to below 11%: Ebitda as a percentage of turnover has fallen to below 11% in the sector, the haysmacintyre benchmarking survey produced in association with P … view
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Wednesday 8th November 2017
Liberation Group buys eight SA Brain pubs in England
Liberation Group buys eight SA Brain pubs in England: Liberation Group, the owner of Butcombe Brewery, has bought eight English pubs owned and operated by Cardiff-based brewer and retailer SA Brain to add to the Butcombe estate for an undisclo … view
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Tuesday 7th November 2017
Update: Saturation in Manchester and the City, Whole Foods Market, Fever-Tree
City of London and Manchester show signs of saturation, says Imbiba partner: Imbiba investment fund partner Darrel Connell has told a Propel conference that both the City of London and Manchester are showing signs of saturation. Speaking … view
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Tuesday 7th November 2017
Propel Tuesday News Briefing
Roger Wade – massive footfall means Boxpark Wembley will be best fanzone Britain has seen: Boxpark founder and chief executive Roger Wade has said Boxpark Wembley will be the “best fanzone Britain has seen” when it opens late next y … view
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Monday 6th November 2017
Propel Monday News Briefing
Fourth – aggressive discounting damaging productivity in restaurant sector: Aggressive discounting has damaged productivity in the restaurant sector, according to new research by Fourth, the software partner to the hospitality industry. … view
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Monday 6th November 2017
City Pub Group to float, aims to raise £30m
City Pub Group to float, aims to raise £30m: Independent pub operator The City Pub Group has announced its intention to proceed with an initial public offering. The company, which owns and operates 34 pubs across southern England, intends to … view
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Sunday 5th November 2017
Jamie’s Italian calls in help following cash flow problems, Itsu to make US debut
Jamie’s Italian calls in help following cash flow problems: Jamie Oliver’s Italian restaurant chain has been bailed out by the chef’s parent company, after suffering cash flow problems. AlixPartners has been hired to draw up a turna … view
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Sunday 5th November 2017
Pub beer sales drop 3.6% in third quarter
Pub beer sales drop 3.6% in third quarter: Sales of beer in Britain’s pubs suffered a 3.6% drop in the third quarter – the worst third-quarter performance for five years. The figures, released in the latest quarterly Beer Barometer from th … view
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Friday 3rd November 2017
Update: Premium drinks on the rise, Bonnie Gull crowdfunding, Frankie & Benny's promotion push
Consumers increasingly opting for premium drinks, young adults driving shift: Increasing numbers of British consumers are choosing premium drinks when they go out, new research from CGA has revealed, leading to a surge in sales of craft a … view
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Friday 3rd November 2017
Friday Opinion
Subjects: Local loyalty, the devil’s in the detail and great opportunity lies in the ‘dustbin of demography’ 
Authors: Glynn Davis, Paul Chase and David Martin

Local loyalty by Glynn Davisview

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Friday 3rd November 2017
Turtle Bay reports sales and Ebitda boost
Turtle Bay reports sales and Ebitda boost: Caribbean restaurant group Turtle Bay has posted sales of £63.7m (2016 £47.0m) for the year ended 25 February 2017 according to accounts recently filed at Companies House. Group Ebitda before except … view
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Friday 3rd November 2017
Starbucks reports LfLs up 2%, sells Tazo to Unilever for $384m
Starbucks reports global like-for-likes up 2% in Fourth Quarter: Starbucks has reported global like-for-like sales increased 2% in the 13 week period to 1 October 2017, driven by a 2% increase in average ticket and a 1% increase in transa … view
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Friday 3rd November 2017
Propel Friday News Briefing
Burning Night Group embarks on £2m fund-raise to launch new sports concept, identifies four sites: Bar company Burning Night Group is to embark on a fund-raise on crowdfunding platform Crowdcube to launch a new sports-themed concept – … view
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Thursday 2nd November 2017
Ei Group launches first pub escape room
Ei Group launches first pub escape room: Bermondsey Pub Company, part of Ei Group’s managed operations, has launched its first interactive escape room, in partnership with Handmade Mysteries, at The Hope, Farringdon. Handmade Mysteries, whic … view
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Thursday 2nd November 2017
Update: Chapel Down, West Berkshire Brewery and Shake Shack
Chapel Down reports ‘second highest harvest by volume’: Chapel Down completed its 2017 harvest, yielding ‘excellent quality fruit for our wines and was our second highest harvest by volume’. It stated: “The industry saw a diffic … view
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Thursday 2nd November 2017
Propel Thursday News Briefing
Deltic Group reports sales up 9.1%, sees record Halloween: The Deltic Group, the UK’s largest operator of premium late-night bars and clubs with 57 venues, has reported sales increased 9.1% to £16.4m for the period between 17 September … view
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Thursday 2nd November 2017
Deltic reports sales up 9.1%, record Halloween
Deltic reports sales up 9.1%, sees record Halloween: The Deltic Group, the UK’s largest operator of premium late-night bars and clubs with 57 venues, has reported sales increased 9.1% to £16.4m for the period between 17 September and 31 Oct … view
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Wednesday 1st November 2017
Admiral and G1 Group buy Heineken pubs as part of CMA process
Admiral and G1 Group buy Heineken pubs as part of CMA process: Heineken has sold the 30 pubs it was ordered to dispose of by the Competition and Markets Authority (CMA) as part of its takeover of Punch. Admiral Taverns has bought 17 pubs in En … view
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Wednesday 1st November 2017
Propel Wednesday News Briefing
Loungers – like-for-like growth driven by volume, not price: Loungers chief executive Nick Collins has told Propel the company’s continued like-for-like growth is being volume-driven rather than price-led. The Lion Capital-backed grou … view
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Wednesday 1st November 2017
Loungers – like-for-like growth driven by volume, not price
Loungers – like-for-like growth driven by volume, not price: Loungers chief executive Nick Collins has told Propel the company’s continued like-for-like growth is being volume-driven rather than price-led. The Lion Capital-backed group, wh … view
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