Spirit logo

Spirit H1 PBT grows 11%; managed lfls up 4.8%

24 Apr 2014

Spirit Pub Company has reported an 11% rise in pre-exceptional pre-tax profits to £22m in the 28 weeks to 1 March, with like-for-like sales up 4.8% in its managed sites and like for like net income up 2.6% in the leased business

Top Stories

Brewer & Bean

St Austell eyes expansion for coffee brand

24 Apr 2014 7:59

St Austell Brewery is looking at plans to introduce its Brewer & Bean coffee brand into the company’s tenanted pubs and potentially its freetrade business, M&C Report has learnt

Loungers Expo Lounge

Loungers confirms Percy as new FD

24 Apr 2014 7:58

Loungers, the Bristol-based café/bar group, has confirmed the appointment of Andrew Percy, formerly of Peach Pub Company, as its new finance director

Livebait founder to launch new Greek concept

24 Apr 2014 7:57

Theodore Kyriakou, the founder of the Livebait and The Real Greek brands, is to open a new Greek restaurant and food store concept in London’s King’s Cross

Camerons new logo

Camerons eyes more sites for Head of Steam

24 Apr 2014 7:34

Camerons has identified more sites with the potential to be converted to The Head of Steam (THoS) concept, but it’s not planning “loads” of conversions to the format, M&C Report has learnt

Milton Keynes' second late-night levy bid

24 Apr 2014 7:34

Milton Keynes could be the first town in the UK to face a second late-night levy plan, after the first was rejected by its licensing committee last October

Ridge & Furrow to double up

24 Apr 2014 7:34

Ridge and Furrow Inns, the company set up by former Ever So Sensible Group director Scott Whittaker, will open its second pub in Nottinghamshire, later this year

San Carlo to open second Fumo site

24 Apr 2014 7:33

San Carlo Group, the family run Italian restaurant chain, is set to open a second site under its restaurant and bar format Fumo

Swiss concept secures first UK site

24 Apr 2014 7:33

Nusu, the Swiss healthy food and drink concept, is believed to have secured its first site in the UK for an opening this summer

Imbiba extends latest fundraising round

24 Apr 2014 7:33

Imbiba Partnership has extended its latest round of fundraising by another month as it looks to add further sites to its Darwin & Wallace (D&W) and Camm & Hooper (C&H) vehicles

Inside track

Zolfo Cooper logo

Zolfo Cooper Profit Tracker - the results

14 Apr 2014

M&C Report, in partnership with Zolfo Cooper, the leading financial advisory firm, has created the Profit Tracker to chart the growth of the most successful privately-owned operators within the vibrant pub, restaurant and quick-service sector

 

Itsu

To invest or not to invest...

22 Apr 2014

Private equity has provided the finance for most growth concepts on the UK’s pubs and restaurants scene. So what makes a great private-equity investment? Electra Partners’ Bill Priestley gives his view

Thinking globally, acting locally

17 Apr 2014

More and more restaurant operators are adopting sustainable business practices. Kerstin Kuhn focuses on US fast-casual brand Sweetgreen

Harris + Hoole

Zolfo Cooper Profit Tracker - ones to watch

17 Apr 2014

M&C Report profiles four operators who missed out on this year’s Zolfo Cooper Profit Tracker list, which tracks companies with the fastest growing profits in the UK’s eating and drinking out sector, by falling outside the scope of the methodology. However, they are expected, with a fair wind, to make their bows next year

Belushi's

Q1 trading overview

14 Apr 2014

M&C Report talks to major pub, bar and restaurant groups about trading in the first quarter of 2014. The consensus is that Q1 was as good as or better than expected, and operators are largely optimistic about the year ahead

Tragus restaurant

Opening the door to opportunity

11 Apr 2014

As the UK economy continues to recover, Hill Campbell Partners’ Paul Campbell says this is the perfect time for restaurant entrepreneurs to make their mark

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