Article Abstract:
United Breweries is to acquire Marr Taverns, in a deal involving a reverse takeover. Marr Taverns was set up in 1992 and has 142 pubs, while United Breweries has 140 pubs. Marr's pre-tax profit rose to 1.7 million pounds sterling in the 1994 to 1995 FY compared with 1.2 million pounds for the previous year. The company's debt was 3.9 million pounds and its net assets were 9 million pounds in 1995. United Breweries is likely to take management control of the company set up from the acquisition.
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Article Abstract:
JD Wetherspoon's shares underperformed the All-Share index by 30% over the past 12 months, and the company looks undervalued. However its like-for-like sales growth is running at more than 5%, better than many larger brewing and pub groups. All Wetherspoon outlets share a common theme, although its estate of more than 300 managed pubs trade under several different names. Much of its growth continues to come from rapid expansion in new sites.
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Article Abstract:
UK brewing and pubs firm Scottish & Newcastle (S&N) should benefit from its recent major restructuring, and its shares are currently seen as a good buy. S&N has disposed of less profitable activities, and now has high-quality pubs and premium beer brands.
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