Sky has announced a price freeze for its pub and club subscribers until “at least June 2013”.
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Anheuser-Busch InBev is nearing a deal to buy the half of Grupo Modelo that it does not already own, according to people briefed on the matter, giving the global brewing giant control over the maker of Corona Extra beer. A deal could cost Anheuser-Busch InBev more than $12 billion, given Modelo’s stock market value of roughly $23 billion. A transaction could be announced as soon as this week, some of these people said, though they cautioned that talks were continuing and could falter. Nego… A single, unified campaign aimed at gaining economic incentives for pubs and beer would have a “very decent” chance of success, an influential regional brewery MD has argued. Source:Everards boss argues for single industry campaign on job creation A new deal between Sky and brewer Molson Coors offers independent outlets up to one-third off the price of their Sky subscription, a freeze on the price of Carling until December 2013 and free WiFi. Loungers, the fast-growing cafe/bar restaurant group backed by private equity group Piper, has identified a potential to operate at least another 250 Lounge sites across the UK as it reports a 27.6% rise in full-year EBITDA to £3.14m. Enterprise Inns, the tenanted and leased pub operator, has opened its first Classic Carvery site under the scheme that sees the company take firmer control of the retail offer, M&C Report has learnt. A further 49-strong package of closed freehold and long-leasehold pubs, which includes sites from the former Pubfolio and Goldtry estates, has been placed on the market, M&C Report has learnt. More tenants are happy with their pubcos, with seven out of 10 (71%) saying they would sign up with their landlord again — a 10% improvement on last year. Alcohol producers are on track to deliver their pledge to provide health information on 80% of alcohol labels on UK shelves by the end of December 2013, according to the Portman Group. Source:Alcohol producers on track to meet health information pledge under Responsibility Deal Hertfordshire brewer and pub operator McMullen’s has reported a 24% rise in profits before tax and exceptional items to £7.3m in the year to 1 October 2011, but said the sector’s tax and regulatory burden is forcing it to reconsider its investment plans. |
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