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GNKMon, 14th Dec 2015 07:34
** Pub operator Mitchells & Butlers' shares down 4.7 pct, bottom of the FTSE 250, after Barclays cuts to "underweight", slashes PT to 220P from 375P ** Barclays concerned much of lfl sales growth is being achieved by either capex or price rises ** Analysts add although the National Li
Read more(Adds details, context, share price fall) Jan 25 (Reuters) - Restaurant Group's sales fell last year and the owner of the Frankie & Benny's chain warned on Wednesday that a hike in Britain's minimum wage will drive costs higher in 2017. Shares in Restaurant Group, which operates more
Read more(ShareCast News) - UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement. Data on the largest managed pub and restaurant groups over the six weeks to January 8 found a collect
Read more(ShareCast News) - London led a rebound for the eating and drinking out sector in November, with good growth in pub sales and a return to annual growth for restaurants, but it was a case of glass-half-full outside the capital. The Coffer Peach Business Tracker found November like-for-likes sales gre
Read more(Corrects to show Heineken splitting portfolio with investment partner Patron; paragraphs 1, 10, 11) * Heineken, Patron vs Alan McIntosh in $400 mln takeover * Heineken already has a pub business with good margins * Suitors have until Jan. 11 to make official bids By Marti
Read more(ShareCast News) - First half profits at Greene King bubbled higher thanks to tasty organic growth and the first seven weeks from the acquired Spirit pubs business, but the brewer served up a side order of caution about rising consumer and cost pressures. As well as noting the "demand challenges" of
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(ShareCast News) - Investors' worries about the impact which inflation will have on Marston's and Greene King are overstated and the shares are cheap, The Times's Tempus said. They are well-positioned in the market, well-funded relative to their peers and their brewing operations are proving success
Read more(ShareCast News) - UK large pub and restaurant groups enjoyed better sales in August as Britain took advantage of better weather to eat and drink out. There was a 0.6% increase in like-for-like (LFL) sales at managed pubs, bars and restaurants, up from 0.3% last month, according to the monthly Track
Read more(ShareCast News) - UK based pub retailer and brewer Greene King has announced that it is going to move workers from its acquired Spirit pubs off zero-hour contracts, according to a report by The Guardian. The company had already moved its staff away from zero-hour contracts before acquiring Spirit i
Read more* FTSE 100 down 1.2 pct * Broad-based decline across most sectors * Banks extend post-ECB rally * Bunzl, Burberry fall after downgrades * Mid-cap pub operators in focus after results (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets
Read more(Recasts, adds Wetherspoon Chairman comment, analysts, share price reaction, context) By Rahul B Sept 9 (Reuters) - Pub operator J D Wetherspoon gave an upbeat evaluation of its post-Brexit prospects on Friday, even as a trading update from rival Greene King cast a nervous eye towards
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