Oxfordshire multiple operator Brakspear has reported a reduction in profitability due to “cost pressures” alongside an increase in turnover for the year ending 31 December 2023.
South-east based business Hall & Woodhouse (H&W) has reported underlying profit before tax rose by around half (50%) to £6.5m from £4.2m in its latest trading update.
Since my last opinion piece, I have been lucky enough to thoroughly enjoy my daughter’s wedding and quite a number of other occasions where I have ended up footing the bill.
North-west-based brewer and pub operator Joseph Holt has stated it is listening to growing demand and will launch an improved accommodation offer at its pubs.
Tom Kerridge, the chef and owner of acclaimed gastropubs, says there is still “nowhere to hide” when it comes to the current cost environment for the pub industry.
Greene King has announced it has raised £1 million for its Proud To Pitch In programme, with the goal being hit as the final whistle blew on the Euros 2024 last month.
Stonegate Group has announced the agreement of its debt refinancing requirements with a £250m shareholder contribution from TDR Capital following positive discussions with bondholders.
The Campaign for Real Ale (CAMRA) has urged Whitbread to “reconsider” its decision to close or convert more than 100 pubs as part of its growth strategy.
The Old Abbey Taphouse in Hulme, which is a former Great British Pub Award winner, will be hosting a three-day festival from the 24 to 26 August in order to secure enough funds to stay open.
London-based pubco Young's has reported “strong trading momentum” with like-for-like revenue up 26% during the first sixteen weeks of the new financial year.
Greene King’s leased, tenanted and franchised arm Pub Partners has opened its sixth Nest Pub following a £260,000 investment with plans to reach a 10-strong estate by the end of 2024.
Pub operator Marston’s has announced like-for-like sales growth of 5.2% in the year to date and has confirmed the sale of its remaining brewing business will complete next week on 31 July.
Fuller, Smith & Turner (Fuller’s) has announced its like-for-like sales (lfls) are 5.3% up in the first 16 weeks of its financial year to 20 July and, as inflationary pressures ease, its margins are improving too.
Doolin Rock Pub Company has opened its second pub with Greene King Pub Partners, the leased and tenanted arm of Greene King, following a six-figure investment.
Taking risks and remaining brilliant at what you do best is the key to succeeding in the sector, according to JW Lees managing director William Lees-Jones.
Brewer and pub operator JW Lees has announced pre-tax profits have risen by 104% to £7.1m in its annual results ended 31 March 2024 having ridden a “roller-coaster four years”.
