Companies

Pubco rebrand: 'our ambition is to be the number one community pub company, and next month we will rebrand to ‘Hawthorn: The Community Pub Company’, putting our purpose right at the heart of our business for everybody to see,' Mark Davies explained

Hawthorn Leisure unveils community-focused rebrand

By Stuart Stone

Real estate investment trust NewRiver’s 700-strong pub arm will rebrand as ‘Hawthorn: The Community Pub Company’ as it seeks to become the UK’s number one community operator.

Fuller's finance: 'It has not been easy, but prudent financial management, an estate that is 92% freehold, and a strong balance sheet mean that we will be in the best possible position to get back on a growth trajectory, Simon Emeny explained

Covid measures hit Fuller’s for £22m in six months

By Stuart Stone

Pub operator Fuller, Smith & Turner has revealed a swing of around £40m from profit to loss in its financial results for the 26 weeks to 26 September after its pubs spent more than half of the period in lockdown.

Uncertain and challenging year: 'With our great estate, balanced portfolio of brands and proven management team, we remain optimistic that we will be able to regain the momentum previously built', M&B's Phil Urban explained

M&B posts pre-tax loss as 1,300 workers made redundant

By Stuart Stone

Birmingham-based pub group Mitchells & Butlers (M&B) has revealed a £300m swing from pre-tax profit to loss in the 52 weeks ended 26 September 2020 – a period in which it was forced to axe 1,300 staff members.

How is Greene King reacting to the second lockdown?

Greene King boss: 'We need to change the narrative'

By Ed Bedington

Discussing England's second national lockdown with The Morning Advertiser's Ed Bedington, Greene King chief executive Nick Mackenzie said he feels 'a little bit let down' by Government.

Closed venues: the sites are a mix of Mitchells & Butlers brands, The Morning Advertiser understands

M&B to close ‘a number of sites’

By Nikkie Thatcher

The operator of brands such as All Bar One, Sizzling Pubs and Toby Carvery, Mitchells & Butlers (M&B), is closing a number of leasehold sites.

Redundancies reined in? 'Whitbread’s long-term strategy remains as relevant and compelling as ever,' Whitbread CEO Alison Brittain said of the company’s latest financial results

Whitbread could halve job cuts

By Stuart Stone

The operator behind Brewers Fayre, Beefeater and Premier Inn may significantly reduce redundancy plans following the extension of the furlough scheme and vaccine breakthrough.

How much has lockdown two cost JD Wetherspoon?

Second lockdown ‘costs JDW £14m’

By Nikkie Thatcher

JD Wetherspoon (JDW) has estimated the ‘cash burn’ of the month-long enforced closure of its pubs under national lockdown will be approximately £14m.

How much rent are pub companies charging in lockdown?

Pub companies announce lockdown rent plans

By Emily Hawkins

Pub companies including Greene King and Stonegate Pub Company have confirmed rent reductions for tenants to 10% for the second lockdown period.

Hit hard: the late-night sector has been shut since March, with no news on a reopening date

Deltic Group 'put up for sale'

By Nikkie Thatcher

Late-night operator Deltic Group has launched a merger and acquisition process in a bid to help its future, The Morning Advertiser understands.

Well placed: 'Whitbread’s long-term strategy remains as relevant and compelling as ever,' Whitbread CEO Alison Brittain said

Whitbread ‘well placed’ in the UK despite pandemic losses

By Stuart Stone

The operator behind brands such as Brewers Fayre, Beefeater and Premier Inn has revealed a swing from £219.9m in pre-tax profit to a statutory loss of £724.7m in its interim first half results for the 2021 financial year.

Proactive step: 'the CVA proposed by the group’s Revolution Bars Limited subsidiary entity, if agreed by landlords, is another proactive step to lower outgoings to help safeguard the future of the group' according to CEO Rob Pitcher

Revolution Bars Limited CVA launched

By Stuart Stone

Nationwide bar operator Revolution Bars Group has launched a company voluntary arrangement (CVA) of subsidiary Revolution Bars Limited in a bid to improve the wider group’s long-term financial position.

What is Admiral Taverns doing to help pubs?

'Pubs are not the problem, we’re part of the solution'

By Ed Bedington

“I’m baffled” by the restrictions imposed on the sector and government support is “insufficient”, Chris Jowsey tells The Morning Advertiser editor Ed Bedington in an exclusive video interview on how Admiral Taverns is working to support its tenants in...

Insufficient backing: 'The Government support offered to pubs in tier three in England, and to those affected by widespread closures in Scotland, and the Fire Break in Wales from this Friday, simply does not go far enough,' Hawthorn boss Mark Davies explained

Hawthorn Leisure to cover rent for closed pubs

By Stuart Stone

New River REIT’s pub arm, Hawthorn Leisure, has revealed that pubs shuttered under the Government’s tier three measures, Wales’ ‘fire break’ lockdown and Scottish restrictions will receive a 100% rent credit.

Results revealed: JDW chairman Tim Martin spoke to The Morning Advertiser at the group's Hamilton Hall site in London's Liverpool Street station

JDW ‘not considering further redundancies’

By Nikkie Thatcher

JD Wetherspoon (JDW) boss Tim Martin has told The Morning Advertiser the business is currently not considering making more redundancies, but wouldn't rule out more cuts if trade continues to drop.

Critic: JDW boss Tim Martin criticises Government's approach to coronavirus

1% of JDW staff tested positive for coronavirus

By Nicholas Robinson

Just 1% of JD Wetherspoon’s 43,000 employees have tested positive for coronavirus since pubs reopened, boss Tim Martin said in the company’s delayed financial results today.

Job losses: M&B is the latest pub group to reveal it is consulting on redundancies

M&B announces redundancy consultation

By Nikkie Thatcher

Mitchells & Butlers (M&B), the pub company behind brands including Sizzling Pubs, Toby Carvery, All Bar One and Nicholson’s, has opened redundancy consultations for staff.

Extremely confident: Fuller's chief executive Simon Emeny has said it is a question of when London bounces back and not if.

Fuller's boss 'rightsizing business'

By Emily Hawkins

Fuller’s chief executive has said he is optimistic his London-based estate can overcome “short term challenges”, in an interview with The Morning Advertiser (MA).

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