Punch Taverns has issued its Interim Results for the 28 weeks to 1 March 2014, average profit per pub up 4% across the entire estate of 3,956 pubs, delivering profits in line with expectations. Stephen Billingham, Executive Chairman of Punch Taverns plc, comments: “We have delivered profits for the half year in line with our expectations. “Our results reflect the … [Read more...]
Introducing new riverside local The Weyside, Guildford
Now open on the banks of the River Wey, a stone’s throw from the centre of historic Guildford, The Weyside boasts a seasonal menu celebrating the best of British produce, and is Young’s first venture in the city. Also featuring an unrivalled outdoor terrace complete with al fresco bar and bbq, its style and friendly service should entice and retain the customers. The interior … [Read more...]
MODE opens in Notting Hill
MODE is an restaurant, bar and late night venue, the product of a collaboration between five local entrepreneurs Stevie Thomas, Jono Remington-Hobbs, brothers Oliver and Benjamin Bolton and Jolyon Klean, that has been created to equally represent food, music and contemporary art. Food Executive chef is Andi Oliver. The menu includes: vodka and blood orange cured salmon, … [Read more...]
All Inns bring impressive first-year results for Orchid
One year on from the first investments, Orchid Group is reporting success at its All Inns pubs with strong results and continuing growth. Since the creation of the All Inns concept 12 months ago: 16 pubs have become All Inns (and there are 26 more in the pipeline) Total capex on the new investments = £4.25m ROI = +30% Average weekly sales uplift from £17k to … [Read more...]
Enterprise seeks operators to develop new food concepts
Enterprise, the specialist operator of leased and tenanted pubs in the UK, is focusing on food with new formats being developed for potential entrepreneurial licensees. The initiative is part of a significant investment from Enterprise which has identified key pubs for major development. The food concepts are being offered at three pubs initially – The Cross Keys in … [Read more...]