Rising costs dent Young's managed pub profits
The spectre of inflation appears to be returning to the pub sector, with rising electricity prices and soaring rates hitting profits across Young...
Archives for November 19, 2009
Talk of the beer tie was banned from mediation
The beer tie was dropped from the agenda of the recent pub trade mediation sessions after an intervention by British Beer & Pub Association...
Punch directors earn 11.5% bonuses
Punch Taverns executive directors were awarded cash bonuses of up to 11.5% of base salary for exceeding specific performance objectives.
Utopian renegotiates loan
Utopian Leisure renegotiated its loan facilities last month after breaching its banking covenants last year.
Molson Coors' pub support to expand
Molson Coors' Carling campaign to get one million people back into pubs will be expanded to run across all its brands next year. For 2010, the...
Pub and club industry must 'man-up'
The trade must "man-up" and take responsibility for drinks promotions amid a return to cheap deals in bars, says the boss of Britain's biggest nightclub company, Steve Thomas.
City Diary — 19 November
All the latest gossip and rumour from the City
Enterprise's vision for retailing success
Enterprise Inns chief operating officer Simon Townsend explains the company's long-term view of the pub retailing market. In the 10 years I have...
Machine income will be left out of rent calculation, says Enterprise
Enterprise Inns has revealed that a licensee's share of machine income will no longer be taken into account when the company conducts rent reviews....
Eviction threat over roof repair dispute
A licensee is facing eviction after refusing to pay £55,000 rent to Scottish & Newcastle Pub Company (S&NPC) because they will not repair...
Pub profit forecasts set fair
Punch and Enterprise have abandoned the estimation of tenants' average annual incomes — but the expected profit figure is much more helpful, says The PMA Team.
Licensee launches legal action over £8,000 Opus bill
A licensee has launched legal action against controversial energy firm Opus over an £8,000 bill. Karen Bradbury of the New Inn, Skipton, Yorkshire,...
Urban opens 3 new pubs
Urban & Country Leisure, the managed multiple headed by Ross Sanders, has opened three new pubs to take its estate to 12 sites. It has...
Food pubs beat the recession
Food pubs are responding to the recession with a better value-for-money offer and more diverse menus - and growing their sales as a result. The...
Free metal detectors for Scots Best Bar None recipients
First-time recipients of Best Bar None Awards in Scotland will get free hand-held metal detectors. The news, which was met with a cautious welcome...
Face-value campaign for Cuervo
A new campaign for Jose Cuervo plays on the different facial expressions people have after drinking a shot of tequila. Tequila Face from Diageo...