Looks a solid mid 90s road iron built from quality tubing - bet it rides nice! TBH not heard of the brand though.
John, you surprise me. You've heard of Ellis-Briggs of Shipley though, haven't you? Ridden by lots of top Yorkshire roadmen in the past, Ken Russell from Bradford won the 1952 Tour of Britain on one and the bike is regularly displayed at the annual Classic Bike Show. 'Favori' was/is a 'brand name' they use.
Have a look here -
http://www.classicrendezvous.com/Britis ... s_main.htm
And you're right, it does ride well. I've been out with the weekly group rides several times on it for 50-60 miles and it's fine.
Regarding the Spinacci's, I fitted them for show rather than go as befits a '90's bike but in fact I've taken them off for actual riding as I didn't use them, especially in the group. I find them a bit short and low for comfort but I suppose if you get used to them there will be an advantage just like tri-bars. I can see why the UCI banned them for bunch racing as control is compromised in 'the tuck'. Better off with a proper set of tri-bars if you want to time trial or similar.
Today is the yesterday of tomorrow.