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Teachers at free school to strike

The Investment column: Regent Inns can do no wrong as profits rise 71 per cent

Regent Inns is the sort of company that makes novice investors think they've become stock market gurus. Floated at the equivalent of 18p four years ago, Regent's shares have risen in a more-or-less straight line to yesterday's 369p. If only it were always this easy, we'd all be on the beach by now.

The Investment Column: The pub chain with no theme

Pub chains have been one of the easiest ways to make money so far in the 1990s, both for those lucky or astute enough to set them up and flog them on to the majors and for other shareholders who have ridden the wave. Discovery Inns, yet another product of the 1989 beer orders, is the latest to jump on the bandwagon - after pricing in early December, the shares should be trading by Christmas.

Pubs chief could walk away with pounds 850,000

The managing director of the fast-growing pubs group JD Wetherspoon is set to walk away with more than pounds 850,000 after his unexpected resignation yesterday "to pursue other interests".

Bosses make pounds 7m on Regent options

Four more fortunes were made last year in the booming managed pub market as the executive directors of runaway success Regent Inns exercised share options to make a combined paper profit of over pounds 7m.

Bass joins the rush to the themed bar

Bass has joined Whitbread and Rank in the rush by Britain's large leisure companies to buy up the booming themed bar and restaurant sector. It has emerged that Bass made a unsuccessful bid to buy the Pitcher & Piano chain of bars earlier this year but lost out to Marston, Thompson & Evershed. Marston secured the seven outlets for pounds 20m in June.

Enterprise Inns foxes doubters:The Investment Column

Enterprise Inns came to the market last November bravely flying the tenancies flag in the face of a stock market in love with the idea of the glossy managed pubs run by companies such as Tom Cobleigh, JD Wetherspoon and others. We were not alone in questioning whether the company would succeed in its bid to persuade the City that it was anything other than a rather dull rent collector and thought its price-earnings ratio of 9 at 145p was harsh but appropriate.

'My only experience was drinking three pints a night'

JD Wetherspoon has grown from a single pub to Britain's biggest chain by volume of beer sold. Founder Tim Martin explains how he turned it into a thriving business valued at pounds 342m.

Market Report: US enthusiasm puts a good head on JD Wetherspoon

Pub management companies, a relatively new breed as far as the stock market is concerned, continue to command glamour ratings, with JD Wetherspoon leading the pack.

THE INVESTMENT COLUMN: No nonsense at JD Wetherspoon

The rise and rise of JD Wetherspoon is a marvellous corporate success story. Founded in 1979 by a Kiwi barrister who liked his local pub so much he bought it, the chain came to the market in 1992 with 44 pubs and has since grown to over 130. Since flotation, the shares have soared from 160p to 743p yesterday, up 21p after the announcement of another strong set of interim profits.

'Pubs for nice people' do nicely

INVESTMENT COLUMN

Age begins to tell at Wetherspoon

INVESTMENT COLUMN

Wetherspoon tops 100-pub barrier

The fall-out from the Government's Beer Orders continues to reap rich rewards for JD Wetherspoon, the South-east-based pub retailer.

Wetherspoon hits at rivals

THE fast-growing pub group JD Wetherspoon hit out yesterday at what its chairman, Tim Martin, called the 'anti-free enterprise tactics' of its big rivals Grand Metropolitan, Whitbread and Allied Brewers.

Bottom Line: Easy to swallow

YATES Brothers Wine Lodges' placing has been pitched at 140p a share, cheaper than a pint and low enough for the institutions to swallow the pounds 10m issue even in volatile markets.

Yates Wine Lodges lowers price of flotation

THE volatility of the stock market has forced Yates Brothers Wine Lodges, the branded drinks retailer and wholesaler, to lower the price of its planned flotation, writes John Shepherd.
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