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Archives for September 24, 2013
Fair Deal for Your Local: Enterprise and Punch disposed of a third of pubs
Enterprise Inns and Punch Taverns collectively disposed of more than 5,000 (33.24%) pubs between 2008 and 2012 – that’s the figures from the Fair Deal for Your Local (FDFYL) campaign.
Punch Taverns results in line with expectations
Punch Taverns has this morning reported that its performance for the 52 weeks to 17 August 2013 was in line with expectations, with like-for-like sales in its core estate up 0.4% in the fourth quarter.
Oxford licensee nets 38% rent reduction
A licensee in Oxford has managed to secure a 38% reduction in rent following a lease renewal process with Punch Taverns.
Shepherd Neame reports managed like-for-like sales growth
Shepherd Neame, the Kent brewer and pub operator, has reported a 3.3% rise in like-for-like sales at its managed sites in the 52 weeks to 29 June and a “robust” performance of its tenanted estate, where like-for-like EBITDA fell 1%.
ACPO calls on Proof of Age Standards Scheme card to be simplified
The Association of Police Officers’ (ACPO’s) lead on alcohol licensing and harm reduction has called for the Proof of Age Standards Scheme (PASS) card to be simplified.
WSTA to lobby for alcohol duty escalator scrap before next Budget
The Wine and Spirit Trade Association (WSTA) has said it aims to persuade the Government to get rid of the alcohol duty escalator in the next Budget.