Investment

Bar and nightclub operator Novus Leisure has been acquired by new investors LGV Capital and Hutton Collins in a deal worth £100m

Novus Leisure sold to new investors for £100m

By Peter Ruddick

Bar and nightclub operator Novus Leisure has been sold to new investors LGV Capital and Hutton Collins for £100m in a deal that will see the new owners supporting the strategy to double its central London portfolio over the next three years.

John Weir, managing Director of Wear Inns, and John Sands, the company chairman, are celebrating the acquisition of nine pubs from TCG

Wear Inns buys nine TCG pubs taking portfolio to 24

By Peter Ruddick

Wear Inns, the Northern community pub operator, has announced it has completed the acquisition of nine pubs in the North East and Yorkshire from TCG as a result of private investment backing secured earlier this year.

Forty-seven per cent of businesses will seek additional finance to fund growth over the next two years

Banks hold the key to growth for hospitality businesses

By Luke Nicholls

Nearly half of hospitality and leisure businesses are hoping to obtain additional sources of finance to assist with their expansion over the coming months as many look to return to growth in 2012.

Punch Taverns has reported a first half drop in profits but said it remains 'on track' to meet expectations

Punch Taverns 'on track' despite profits drop

By Peter Ruddick

Punch Taverns has said it remains 'on track' to meet its expectations for the year despite a drop in first half pre-tax profits from £41m last year to £33m in the 28 weeks to 3 March 2012.

Spirit Pub Company has said trading remains on track, while food has become more important to its traditionally drinks-led pubs

Spirit reports continued strong growth and increase in food sales

By Peter Ruddick

Spirit Pub Company has announced trading remains on track to meet the company expectations for the financial year with like-for-like sales across its managed estate up 4.6 per cent in the 12 weeks to 3 March 2012 with food sales becoming more important...

HVS London's European Hotel Transactions report reveals that the UK saw a total transaction volume of €2.7 billion in the past year

UK hotel transactions on the up

By Luke Nicholls

The number of European hotel transactions has risen by nine per cent since 2010 and the UK remains the most active investment market of them all, with total transaction volume of €2.7 billion.

Food sales have driven M&B's sales figures in 2011

Mitchells & Butlers sales up 4.9%

By Rachel Parkes

Mitchells & Butlers (M&B), the managed pub company, has seen sales rise by 4.9 per cent in 2011 to £1.76bn, boosted by an increase in food sales by 7.8 per cent.

The investment will help drive Brasserie Blanc's expansion

Brasserie Blanc operator secures £20m investment

By Becky Paskin

Brasserie Bar Co, the group behind the Raymond Blanc-founded restaurant chain Brasserie Blanc, has raised a £20m private equity investment to drive expansion of its brands.