Pubs and Bars
The latest news and updates on pubs and bars, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
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Feb- 2021 -22 February
M&B’s £350m open offer ‘critical’ for survival
Mitchells and Butlers has announced the launch of an open offer, following an announcement last week that the group intends to raise £350m from shareholders. The board, which includes representatives of the Odyzean Group, a major shareholder of Mitchells and Butlers, said it believes that the open offer is “critical…
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18 February
Meat-free dishes to become more ‘prominent’ on menus post-covid, says CGA
Consumers’ focus on health during the Covid-19 pandemic is likely to make vegetarian and vegan dishes more prominent on menus according to the CGA’s MealMetrics service. Drawing on £4bn of aggregated food till sales data from more than 7,000 pubs, bars and restaurants, the metric data was designed to help…
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16 February
Mitchells & Butlers seeks £350m cash injection
Mitchells and Butlers has announced its intention to raise £350m through an underwritten open offer. The proposed offer, which follows an original announcement on 7 January 2021, will include a facility for shareholders to apply for any shares not currently held. A £150m three-year unsecured revolving credit facility has also…
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12 February
Mitchells and Butlers pub branch announces permanent closure
A Mitchells and Butlers (M&B) pub, in Didsbury Manchester has announced that it will be permanently closing, as ongoing restrictions continue to take a toll on the hospitality sector. In a social media post owners of The Stoker’s Arms stated that due to “circumstances outside of their control” the pub…
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11 February
Platinum abandons Marston’s takeover
Platinum Equity, a US-based private equity firm, has confirmed that it will no longer move forward with a proposed takeover of Marston’s, after the pub group “unanimously rejected” its proposal earlier this month. Last month, Marston’s confirmed that Platinum put forward an unsolicited, non-binding proposal of a possible cash bid…
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10 February
Beer and pub leaders push for reopening date as sales plummet 56%
The British Beer and Pub Association (BBPA) and business leaders of the beer and pub industry are pushing the government to confirm a clear timeline and date for the reopening of the sector. It comes as it was revealed that trading restrictions and lockdowns caused sales of beer to plummet…
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5 February
London pubs encouraged to use sites for film and TV
London pubs are being encouraged to generate alternative income during lockdown by promoting their venues to be used as locations for the TV and film industry. Locations London, a leading filming location agency, said it is now backing the hospitality industry by encouraging pubs to get listed on their books,…
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4 February
BBPA relaunches beer destruction management platform
The British Beer and Pub Association (BBPA) has announced the relaunch of cross-industry platform which works to manage the destruction of beer and reclaim duty for out-of-date beer as a result of the third national lockdown. The returnyourbeer.co.uk site was used extensively following the first national lockdown, and its reopening…
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3 February
Pubs vital in battle against isolation
Pubs are key in tackling loneliness and provide a social value far beyond their economic contributions to society, according to research conducted by Loughborough University. The Open Arms report, which was conducted in tandem with Heineken UK and the Campaign to End Loneliness, found that institutions such as pubs are…
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2 February
When pubs close community suffers, new report reveals
86% of people believe that when a pub closes the local community suffers, a new report by The Campaign to End Loneliness reveals. The group which collaborated with Heineken for the research found that 76% of hospitality employees felt that the pub where they worked made a positive contribution to…
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