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      <image:caption><![CDATA[Team note: CEO James Taylor wrote to staff, informing them of the restructure]]></image:caption>
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      <image:caption><![CDATA[Trading update: JW Lees also raised a number of issues and challenges facing the business and pub sector in its results]]></image:caption>
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      <image:caption><![CDATA[Estate expansion: the venues will start opening from October this year]]></image:caption>
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      <image:caption><![CDATA[On the market: the sites JDW is selling are a mixture of leasehold and freehold]]></image:caption>
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      <image:caption><![CDATA[Growth trajectory: St Austell COO Andrew Turner (pictured) positive about the pubco's future ]]></image:caption>
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      <image:caption><![CDATA[Something special: Heartwood procures Hampshire hotel]]></image:caption>
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      <image:caption><![CDATA[Estate expansion: the new JDW site will create 90 new jobs]]></image:caption>
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      <image:caption><![CDATA[Solid trading: Portobello Pub Company reports group revenue of £29m (Pictured: Darwin & Wallace)]]></image:caption>
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      <image:caption><![CDATA[Fair treatment: PCA survey finds most pubcos handle rent negotiations fairly (Pictured: PCA Fiona Dickie)]]></image:caption>
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      <image:caption><![CDATA[Dip in turnover: Brewhouse & Kitchen says it will expand when conditions improve  (Pictured: Director Kris Gumbrell)]]></image:caption>
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      <image:caption><![CDATA[Investment: RedCat Hospitality has purchased the Warwick Arms Hotel in Warwick (Pictured: RedCat boss Richard Lewis)]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/24/heartwood-inns-posts-revenue-boost/</loc>
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      <image:caption><![CDATA[Pubs with rooms: Heartwood Inns site the White Horse in Dorking, Surrey]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/23/redcat-trials-new-carvery-experience-with-kiosk-ordering/</loc>
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      <image:caption><![CDATA[New look and feel: RedCat unveils new carvery concept]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/20/licensee-urges-pubcos-to-consider-turnover-based-rent-models/</loc>
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      <image:caption><![CDATA[A model that works: Brakspear operator urges more pubcos to consider turnover-based rent models (Pictured: Ted Docherty)]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/19/whitbread-food-and-drink-sales-fall/</loc>
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      <image:caption><![CDATA[Feeling the squeeze: Whitbread reports falling F&B sales (Credit: WikiCommons JThomas)]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/18/st-austell-reports-strong-financial-year/</loc>
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      <image:caption><![CDATA[Strategic move: Proper Job 0.5% ABV was launched during the fiscal year]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/12/loungers-closes-sites-for-loungefest/</loc>
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      <image:caption><![CDATA[Company party: the annual celebration has been running since 2013]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/05/incipio-to-open-venture-at-londons-olympia/</loc>
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      <image:caption><![CDATA[Estate expansion: the venues will start opening from October this year]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Benchmarking tool: PCA 2025 Annual Tied Tenants Survey results ]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Great start to new year: Young's announces financial annual results (pictured is Young's pub, Tattenham Corner, in Epsom)]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Turn it up: New World Trading Company's Oast House in Manchester ]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Mission statement: Albert's Schloss could be going international]]></image:caption>
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  <url>
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  <url>
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      <image:caption><![CDATA[CEO role: Mark Brooke was formerly MD of Proper Pubs at Admiral Taverns]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Half year results: Phil Urban CEO of Mitchells & Butlers]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Brand expansion: the new Box is set to open in October]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Strategic response: Firms segmenting operations by mission and occasion ]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Arc Inspirations' Martin Wolstencroft]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Estate growth: six of the 10 pubs will offer bedrooms]]></image:caption>
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  <url>
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      <image:caption><![CDATA[New opening: NEOS expands Circuit portfolio with York site ]]></image:caption>
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  <url>
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      <image:caption><![CDATA[New Look: Cosy Club unveils retro branding at Reading venue]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Encouraging results: Like-for-like sales up 11% for Butcombe Group ]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Favourable outcome: Like-for-like sales were up 5.6% for JDW during the 13 weeks to 27 April 2025]]></image:caption>
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  <url>
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  <url>
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      <image:caption><![CDATA[Estate expansion: the venue is the 10th site for Three Cheers Pub Co]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Boost to sales: Trade up 3.6% in March]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Company update: Martin said while the business is coping, he would be concerned if there were further tax hikes in the autumn]]></image:caption>
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  <url>
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  <url>
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      <image:caption><![CDATA[Wider responsibilities: Market Taverns appoints Adrian Laws as new COO]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/04/17/mb-boss-writes-letter-to-public-about-ancient-tree-felling/</loc>
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      <image:caption><![CDATA[Statement issued: Mitchells & Butlers CEO Phil Urban stressed the decision was taken in good faith to protect the public]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Investments: Greene King, B&K and Stonegate all introduce new concepts (Credit: Getty/Sean Gladwell)]]></image:caption>
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  <url>
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      <image:caption><![CDATA[Boss history: Swaine joined Shepherd Neame in 2022]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/04/11/redcat-opens-the-castle-of-brecon-hotel/</loc>
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      <image:caption><![CDATA[Site reopening: the iconic Welsh venue closed in October to complete a full £3m renovation]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/04/10/nwtc-positive-trading-and-brand-refresh/</loc>
    <lastmod>2025-04-10T15:53:13.299Z</lastmod>
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      <image:caption><![CDATA[the Botanist is also launching its new spring/summer menu later this month (Wednesday 23 April)]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/04/10/brakspear-acquires-two-pubs-for-honeycomb-estate/</loc>
    <lastmod>2025-04-11T11:37:11.563Z</lastmod>
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      <image:caption><![CDATA[Sites acquired: Brakspear has acquired the Redesdale Arms and the Kings Head ]]></image:caption>
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      <image:caption><![CDATA[VAT distortions: JDW chairman Tim Martin (pictured) warns rising costs will have significant impact on pub numbers ]]></image:caption>
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      <image:caption><![CDATA[Varying performance: Managed groups see 3.2% like-for-like growth (Credit:Getty/Henrik Sorensen)]]></image:caption>
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      <image:caption><![CDATA[Trade update: 'We continued to break sales records across the period, delivering some of the highest daily sales in Young’s history,' says CEO Simon Dodd]]></image:caption>
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      <image:caption><![CDATA[Expansion plans: Haven is growing its JD Wetherspoon offering to four new holiday parks including the Humber Stone at Cleethorpes Beach]]></image:caption>
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      <image:caption><![CDATA[Advice for smaller groups: Phil Urban CEO of Mitchells & Butlers]]></image:caption>
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      <image:caption><![CDATA[Refreshed look: Admiral injects almost £800k across three sites in its Proper Pubs division]]></image:caption>
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      <image:caption><![CDATA[Code Compliance Officers: Who are they and what do they do? (Pictured: PCA Fiona Dickie) ]]></image:caption>
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      <image:caption><![CDATA[Ambitious plans: Hickory's looking to expand its reach nationwide ]]></image:caption>
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