City news - Deals Rss news feed for Morning Advertiser

Barnsley House sold

Wed, 15 Jul 2009 09:53:00 GMT

The Barnsley House hotel and pub business has been sold through administrators KPMG for an undisclosed fee.

Collyer: Punch has raised circa £220m from pub sales

Tue, 14 Jul 2009 09:50:00 GMT

A City analyst has estimated that Punch Taverns has raised around £220m from disposing of 298 pubs so far this year.

Wear Inns buys two Punch pubs

Fri, 10 Jul 2009 07:01:00 GMT

North East based operator Wear Inns has purchased two freehold pubs from Punch Taverns for an undisclosed sum.

Third pub for Flying Kiwi

Wed, 08 Jul 2009 03:12:00 GMT

A Kiwi chef has added a third pub to his group of Norfolk inns.

Welsh brewer to open £1m Cardiff pub

Wed, 08 Jul 2009 02:46:00 GMT

A Welsh brewing and pub entrepreneur is to open a new £1m “traditional” pub in Cardiff — the first to be built in the city for 25 years.

Hosts buy Punch freehold

Wed, 08 Jul 2009 02:34:00 GMT

Amanda and Chris Baker have acquired the freehold of their Punch pub in Buckinghamshire £525,000.

Doncaster Brewery back in business

Mon, 06 Jul 2009 07:07:00 GMT

Thorne Brewery in Doncaster has brewed its first pint since 1986 — all profits will be reinvested back into the local community

SA Brain outsources distrbution to Tradeteam

Fri, 03 Jul 2009 07:16:00 GMT

Welsh brewer SA Brain has signed an eight-year deal with Tradeteam to distribute all its drinks throughout Wales and the South West.

Nexum to sell club

Thu, 02 Jul 2009 10:00:00 GMT

Nexum, the nightclub operator, is understood to be close to disposing of a site in Stafford.

Northern pubs to go under hammer

Thu, 02 Jul 2009 08:17:00 GMT

Auctions in Leeds and Manchester will see 18 pubs go under the hammer in July, including a number from Robinsons and Thwaites.

Second site for Peppermill

Thu, 02 Jul 2009 08:10:00 GMT

A former general manager of a Paul Salisbury pub and an ex-Peach Pub Company head chef have opened a Hampshire pub.

St Austell buys four Punch pubs

Wed, 01 Jul 2009 04:16:00 GMT

Cornish-based brewer and operator has bought four freehold pubs from Punch Taverns.

Punch puts 50 pubs on the market

Thu, 25 Jun 2009 10:01:00 GMT

Punch Taverns has put a further 50-strong package of pubs on the market — it is thought the pubs are from the managed division.

More pubs go down the auction route

Thu, 25 Jun 2009 07:00:00 GMT

As the summer hots up so do auction sales, with 44 pubs set to go under the hammer in three sales at the start of July.

Ramsay host takes on Yorkshire pub

Thu, 25 Jun 2009 06:51:00 GMT

The licensee who featured in Ramsay’s Kitchen Nightmares has left the pub featured in the Channel Four show.

Punch lessee buys £1m freehold

Mon, 22 Jun 2009 12:41:00 GMT

Punch lessee and gastropub operator Michael Kittos has bought the freehold of his pub the Queen's Head & Artichoke in London.

JD Wetherspoon snapping up bargain pubs

Fri, 19 Jun 2009 12:24:00 GMT

JD Wetherspoon is now buying freehold pubs for a little as half the price of two years ago.

Realpubs buys five Punch freeholds

Fri, 19 Jun 2009 07:00:00 GMT

Realpubs have acquired five freehold London pubs from Punch Taverns in a deal estimated to be worth under £10m. The company has bought the freehold of two Punch pubs it currently leases plus three more sites.

Punch sells nine pubs to Charles Wells

Thu, 18 Jun 2009 02:08:00 GMT

The latest sell-off by Punch sees Charles Wells add 26 pubs to its estate in the past six weeks.

Marston's to raise £176m to fund new pubs

Thu, 18 Jun 2009 07:51:00 GMT

Brewer and pub operator Marston’s hopes to raise £176m through the issue of 299m new shares to fund the opening of around 30 new build pubs. The company will use approximately £140m of the money to acquire and develop new build pubs.

Inn Focus buys Room Holdings

Thu, 18 Jun 2009 07:01:00 GMT

Inn Focus Group, the North Yorkshire-based hotel and restaurant operator, has acquired the rights to Room Holdings and four of the sites through a pre-pack.

Ninth site for Be At One

Thu, 18 Jun 2009 07:00:00 GMT

London bar operator Be At One has added a ninth site to its estate, having just completed on the purchase of central London bar City Limits.

Broads Brewing buys site

Thu, 18 Jun 2009 07:00:00 GMT

Norfolk Broads Brewing company, which trades as Humpty Dumpty, has bought the freehold of its brewery site.

Punch Taverns directors increase stake in pubco

Wed, 17 Jun 2009 06:56:00 GMT

Punch's managing directors of both its managed and tenanted division have acquired 14,287 shares in the company.

Orchid acquires 10 Bar Room Bar sites

Tue, 16 Jun 2009 04:35:00 GMT

The Orchid Group has acquired 10 sites back from Bar Room Bar — it originally sold the sites in 2007.

Punch Taverns offers to buy back bonds

Tue, 16 Jun 2009 07:00:00 GMT

Punch Taverns has launched a tender offer to buy back convertible bonds due for redemption in 2010.

Regent sells 7 Walkabouts to Cavendish

Mon, 15 Jun 2009 04:13:00 GMT

Regent Inns has disposed of seven Walkabout bars to the Cavendish Bars group.

Lloyds looking for equity investor in Admiral Taverns

Mon, 15 Jun 2009 08:40:00 GMT

Lloyds Bank has been looking for a new equity investor to take a stake in Admiral Taverns, the tenanted pub operator.

Punch Taverns hoping to raise £350m

Mon, 15 Jun 2009 07:26:00 GMT

Punch Taverns has announced its intention to raise £350m via a firm placing and an open offer of new ordinary shares.

ABI contract for online ordering

Thu, 11 Jun 2009 10:01:00 GMT

Anheuser-Busch InBev (ABI) has signed a contract with iTradeNetwork, the business formerly known in the UK as Barbox.

Greene King snaps up 11 Punch pubs

Tue, 09 Jun 2009 07:32:00 GMT

Greene King has bought a batch of 11 freehold pubs from Punch Taverns for a total price of £30.4m.

Wells & Youngs halts Cobra brewing over unpaid bills

Fri, 05 Jun 2009 10:17:00 GMT

Supplies will be unaffected by the move, says new Cobra owner Molson Coors.

Alphabet Bars to sell four venues

Thu, 04 Jun 2009 10:01:00 GMT

Alphabet Bars, the London bar group owned by Mark Draper and Nigel McKinnon-Clark, is selling four venues through agent Shelley Sandzer.

8th site for Grand Union Group

Thu, 04 Jun 2009 07:01:00 GMT

The Grand Union Group has opened its eighth site in London’s Ravenscourt Park.

Third pub for Wye Valley

Thu, 04 Jun 2009 07:00:00 GMT

Herefordshire’s Wye Valley Brewery has just added a third pub to its estate — the Cavalry Arms in Malvern, Worcestershire.

Molson Coors buys Cobra Beer

Mon, 01 Jun 2009 06:17:00 GMT

Brewing giant Molson Coors has bought Cobra Beer out of administration — it will be run under a new joint venture.

Agent brokers £1.4m property deal

Fri, 29 May 2009 07:47:00 GMT

Five well-known premises of a liquidated north-east pub chain have been sold or leased for more than £1.4m.

Brancaster to brew once again

Fri, 29 May 2009 07:45:00 GMT

Anglian Pub Company, the food-led operator owned by Cliff and James Nye, has re-opened the brewery attached to its Jolly Sailors pub.

Greene King puts 11 Belhaven pubs on market

Thu, 28 May 2009 12:02:00 GMT

Greene King's Scottish brewery Belhaven has put 11 freehold pubs on the market.

Heineken buys more Globe debt

Thu, 28 May 2009 09:48:00 GMT

Heineken, the owner of Scottish & Newcastle, has bought more Globe Pub Company debt at a discount, reducing its own net debt and realising a net book gain.

Admiral puts 17 more pubs up for sale

Tue, 26 May 2009 11:43:00 GMT

Admiral Taverns has put a further 17 pubs on the market through Paramaount Investments.

St Austell installs new Brulines i-draught in 40 pubs

Tue, 26 May 2009 08:28:00 GMT

South-west brewer St Austell has installed Brulines’ i-draught system into more than 40 of its pubs.

Innventure buys M&B freehold

Tue, 26 May 2009 07:55:00 GMT

Multiple operator Innventure is set to buy the freehold of one of its Mitchells & Butlers (M&B) franchise sites for £1.39m.

New site for Martin brothers

Fri, 22 May 2009 07:52:00 GMT

ETM Group, owned by Tom and Ed Martin, has opened its eighth London site.

Bulldog buys another inn

Fri, 22 May 2009 07:40:00 GMT

Bulldog Pub Company has taken its next step in a five-year plan to create an estate of hotel inns.

Essex pub for Merchant

Fri, 15 May 2009 11:58:00 GMT

Merchant Inns has acquired the Saracen’s Head, in Essex, for £1.95m.

Robinsons buys eight Punch pubs

Fri, 15 May 2009 10:40:00 GMT

The Stockport brewer buys seven leased pubs and one managed house from Punch Taverns.

Walsh invests £1m in Cheshire hotel

Wed, 13 May 2009 12:14:00 GMT

Tadcaster-based entrepreneur Jim Walsh is set to complete another phase in development of hotel group.

Half a dozen bids in for Premium Bars

Mon, 11 May 2009 08:31:00 GMT

There has been a high level of interest in bidding for stricken bar and nightclub business Premium Bars and Restaurants.

TV show winners take on a pub

Mon, 11 May 2009 07:40:00 GMT

The winners of BBC Two show The Restaurant have taken on a pub in Buckinghamshire.

Sheps completes Jamaica House refurb

Mon, 11 May 2009 06:35:00 GMT

Shepherd Neame have spent £50,000 refurbishing the Jamaica Wine House, the City of London pub it bought in March.

JDW awarded £7.5m in damages and costs

Fri, 08 May 2009 04:17:00 GMT

JD Wetherspoon has been awarded £4.5m in damages and just under £3m in costs against its former property advisor Van de Berg and its directors.

Charles Wells snaps up 17 Punch pubs

Fri, 08 May 2009 03:26:00 GMT

Bedford brewer and operator Charles Wells has bought 17 pubs from Punch Taverns.

Shepherd Neame buys 13 pubs from Punch

Fri, 08 May 2009 01:31:00 GMT

Kent brewer and operator Shepherd Neame has bought 13 freehold pubs from Punch Taverns for £14.86m.

Heartstone acquires Punch pub

Fri, 08 May 2009 12:06:00 GMT

Heartstone Inns has expanded its operations to Hampshire with the acquisition of a Punch Tavern’s pub

Admiral puts 21 pubs on the market

Thu, 07 May 2009 12:25:00 GMT

Admiral Taverns has released 21 pubs for sale — the pubs are described as "quality mid-range stock".

Retail Response nets TCG deal

Thu, 07 May 2009 11:15:00 GMT

EPoS provider Retail Response has signed a deal to supply hardware support services to all 138 Tattershall Castle Group (TCG) outlets.

JW Lees acquires 10 pubs from Punch

Wed, 06 May 2009 11:58:00 GMT

Manchester based brewer and operator JW Lees has acquired ten freehold pubs from Punch Taverns.

Second Pub du Vin site opens

Tue, 05 May 2009 03:11:00 GMT

Marylebone Warwick Balfour (MWB) has opened its second Pub du Vin site in Birmingham.

Liverpool is site for new bar concept

Thu, 30 Apr 2009 12:01:00 GMT

Living Ventures, the restaurant group led by entrepreneurs Tim Bacon and Jeremy Roberts, is to launch a new neighbourhood bar concept.

Ribble Valley opens fourth pub

Thu, 30 Apr 2009 10:58:00 GMT

Chef Nigel Haworth’s Ribble Valley Inns is to open their first pub outside Lancashire.

£4m refurb for the Fish House

Thu, 30 Apr 2009 07:02:00 GMT

Award-winning pub operator David Barnard has just opened the Fish House in West Sussex, following a £4m redevelopment.

Spirit to sell 100 pubs

Wed, 29 Apr 2009 01:16:00 GMT

Spirit, the managed division of Punch Taverns, is looking to sell up to 100 pubs as it sets forth on a three-year programme to reach its potential.

Punch pub sales likely to continue

Mon, 27 Apr 2009 07:57:00 GMT

Punch is set to sell a package of six pubs to Geronimo Inns, according to reports.

Greene King offers £207.5m rights issue

Thu, 23 Apr 2009 07:38:00 GMT

Greene King is hoping to raise £207.5m through a new rights issue to fund acquisitions and pay off some of its securitised debt.

Punch buys back £15m of debt

Mon, 20 Apr 2009 03:14:00 GMT

Punch Taverns has bought back around £15m worth of debt in outstanding bonds.

Heineken acquires 30% stake in Tchenguiz's Globe

Mon, 20 Apr 2009 07:39:00 GMT

Heineken has acquired 30% of the debt of Globe Pub Company, the tenanted operator of 429 pubs owned by Robert Tchenguiz.

Sixth site for Grand Union

Fri, 17 Apr 2009 07:02:00 GMT

The Grand Union Group, the highly-rated London-based multiple lessee, has opened its sixth site — and the first outside London.

TCG takes on Fontaine

Fri, 17 Apr 2009 07:01:00 GMT

TCG Acquisitions, the managed pub group backed by Alchemy Partners, has appointed Mark Fontaine as its new finance director.

JDW to re-open Laurel pub site

Fri, 17 Apr 2009 07:00:00 GMT

JD Wetherspoon is to re-open another former Laurel Pub Company site — the White Swan in Portsmouth.

Wells to expand in France

Fri, 17 Apr 2009 07:00:00 GMT

Charles Wells Pub Company plans to extend its French connection by adding seven more pubs to its French estate over the next four years.

Arkell’s kit costs £40k

Fri, 17 Apr 2009 07:00:00 GMT

Arkell’s has invested £40,000 in new equipment at its Kingsdown Brewery in response to continuing strong demand for its brewery-conditioned beer.

Hundreds line up for Punch pubs

Thu, 16 Apr 2009 02:50:00 GMT

Around 450 individual licensees have tabled bids for their Punch pubs through a single broker, Acorn Commercial Finance.

S&NPE puts 32 pubs up for sale

Tue, 14 Apr 2009 07:00:00 GMT

Scottish & Newcastle Pub Enterprises has put 32 pubs it owns on the market in order to concentrate on managing pubs.

Two out of six Spirit pubs sold

Thu, 09 Apr 2009 10:08:00 GMT

British Land has sold three of the seven pubs — six tenanted by Spirit, one tenanted by Regent Inns — at auction

Frederic Robinson buys Punch pub

Wed, 08 Apr 2009 04:14:00 GMT

Frederic Robinson has bought a freehold Cheshire pub from a Punch Taverns for an undisclosed sum off a guide price of £650,000.

Pernod Ricard unveils Eu1bn rights issue

Wed, 08 Apr 2009 10:47:00 GMT

Pernod Ricard, the French drinks group, has sold its Wild Turkey bourbon brand to Campari for Eu433m (£389m ) and announced plans for a Eu1bn rights issue.

AB-Inbev in talks to sell Staropramen

Tue, 07 Apr 2009 09:54:00 GMT

Anhesuer-Busch Inbev is in talks with Heineken to sell its Staropramen business, according to reports.

Meantime Brewery work underway

Tue, 07 Apr 2009 08:49:00 GMT

Meantime Brewery has officially signed the deal with Greenwich Foundation for a new brewery and bistro operation in Greenwich.

Cavalier Inns launched

Mon, 06 Apr 2009 05:17:00 GMT

A top licensee has acquired a second site and formed a new multiple pub group called Cavalier Inns.

Peach buys two Punch freeholds

Mon, 06 Apr 2009 08:21:00 GMT

The £2.85m deal comes as multiple operator Peach aims to more than double its estate and change from being food-led to 50% wet.

Thurlby adds eighth pub

Thu, 02 Apr 2009 12:11:00 GMT

Top East Midlands pub multiple operator Michael Thurlby has bought his eighth pub.

JDW snaps up Newport Walkabout

Thu, 02 Apr 2009 11:53:00 GMT

JD Wetherspoon has bought the leasehold Walkabout site in Newport, Gwent, from Regent Inns.

Anglian to start brewing at Sailors

Thu, 02 Apr 2009 11:51:00 GMT

Anglian Country Inns, which operates three pubs, is to begin brewing at its newly acquired Jolly Sailors in the north Norfolk tourist village of Brancaster Staithe.

Bravo Inns buys 19th pub

Thu, 02 Apr 2009 10:38:00 GMT

Bravo Inns, headed by Ken Buckley and funded by Close Ventures, the venture capital arm of Close Brothers, has bought its 19th pub.

Regent sells Brandasia for £1

Wed, 01 Apr 2009 12:05:00 GMT

Regent Inns has sold Indian restaurant Brandasia in Birmingham for £1.

Regent sells Brandasia for £1

Wed, 01 Apr 2009 10:00:00 GMT

Regent Inns has sold Indian restaurant Brandasia in Birmingham for £1.

Punch sells six pubs to Fuller's for £21m

Thu, 26 Mar 2009 08:01:00 GMT

Punch Taverns has sold six pubs to London brewer and operator Fuller's for £21.1m, including the flagship Red Lion in Westminster.

Capital Pub Company adds to estate

Thu, 26 Mar 2009 07:48:00 GMT

London-based Capital Pub Company has acquired Terisco — owner of the Bishop pub in East Dulwich.

3D Entertainment sells 28 venues

Thu, 26 Mar 2009 07:38:00 GMT

Late-night operator 3D Entertainment had sold 28 non-core venues to Luton-based Helena Leisure for a nominal consideration.

Red Mist disposes of lease

Thu, 26 Mar 2009 07:00:00 GMT

Red Mist Leisure, the Surrey-based pub group, has sold the Half Moon in Charlwood for an undisclosed sum with offers for the lease sought in the region of £30,000.

Sales move fast, if price is realistic

Thu, 26 Mar 2009 06:43:00 GMT

Buyers are still willing to move quickly to acquire good sites at the right price — that’s the opinion of Christie+Co, following the sale of a Warrington pub in less than 24 hours.

Four new Table Tables in 2009

Wed, 25 Mar 2009 03:50:00 GMT

Whitbread plans to open four Table Table pub restaurants in 2009, with the first to open on 6 April in Oswestry, Shropshire.

Barracuda reopens Mansfield pub

Tue, 24 Mar 2009 09:38:00 GMT

Managed operator Barracuda has reopened the Oak in Mansfield, Nottinghamshire following an £80,000 investment.

Close lines up new management for pub company

Mon, 23 Mar 2009 02:57:00 GMT

Close Investments is lining up a new management company to run its six-strong Close Imperial Pub Company.

Buyers get ‘great value’

Fri, 20 Mar 2009 12:23:00 GMT

A snapshot survey of four Sussex pubs showed “great value” for potential buyers since many prices are being reduced.

Joule's buys two Punch pubs

Thu, 05 Mar 2009 03:10:00 GMT

A growing north Shropshire brewery has bought two pubs that belonged to Punch Taverns.

Sam Smith's: bank forced us to cut staff

Thu, 05 Mar 2009 12:36:00 GMT

Family brewer Sam Smith’s says it was forced to introduce a swingeing round of cuts to pub staff hours to reduce costs following financial pressure from its bank, an employment tribunal heard yesterday.

Sales hold up at freehold auction

Thu, 05 Mar 2009 07:01:00 GMT

A Manchester auction last week saw six out of seven freehold pubs sold, including three out of four Robinsons Brewery outlets.

Admiral pubs still shifting

Thu, 05 Mar 2009 06:50:00 GMT

Licensed property agents Paramount Investments has sold 20 Admiral Taverns pubs out of the 51 that have been put on the market.