Finance

Property passport: Operators open sites across the globe

PROPERTY: EXCLUSIVE INTERVIEW

BrewDog eyes Asia expansion after Hong Kong launch

By Amelie Maurice-Jones

It's been a big month for BrewDog, with new sites launching in Hong Kong and Amsterdam, and now the operator is looking to further spread its wings into Asia.

Catastrophic predicament: industry leaders react to pub closure figures (Credit: Getty/dorian2013)

Pub closure stats show 'uphill battle' faced by firms

By Rebecca Weller

The growing number of business closures in the sector demonstrate the “sheer weight” of escalating costs and the “catastrophic predicament” faced by many hospitality firms, industry leaders have said.

Shutting doors: Pub closures to continue in new year (Credit: Getty/ilbusca)

750 pubs set to close in first half of 2024

By Amelie Maurice-Jones

The British Beer & Pub Association (BBPA) is calling for Government action after new data revealed 750 pubs are set to close in the first half of 2024.

Diverse portfolio: Red Oak expands pub estate with more than 20 acquisitions in 2023

Red Oak Taverns acquisition history

By Rebecca Weller

Multi-site operator Red Oak Taverns has procured some 25 pubs across the country so far this year, bringing its total number of venues to more than 200.

Revenue up: total revenue at Punch Pubs & Co has risen to £313.5m

Transferred Punch pubs key to revenue boost

By Gary Lloyd

Punch Pubs & Co’s move to convert leased and tenanted pubs to its managed division has been cited as the “predominant driving force” for a 10.2% lift in revenue in its trading update for the 52 weeks ended 13 August 2023.

Stark indicator: NTIA calls on Gov to reduce VAT for sector as more than 8,000 late-night firms lost since 2020 (Credit: Getty/fotoVoyager)

43 late-night firms vanishing per week

By Rebecca Weller

More than 8,000 businesses have vanished from the late-night sector since 2020, new figures released by the Night-Time Industries association (NTIA) have revealed.

Company deal: A.G. Barr acquires Rio from Hall & Woodhouse

Hall & Woodhouse offloads Rio

By MCA

Independent brewer and pub company Hall and Woodhouse has sold soft drinks brand Rio to A.G. Barr for £12.3m.

Sounds good: Signature Brew is launching its third fundraising drive

Signature Brew smashes fundraising target on day 1

By Gary Lloyd

East London-based Signature Brew, which is known for collaborating with musicians and bands, has launched its third crowdfunding campaign and is overfunding before the first day of the drive is over.

On-trade boost: sales of cider rose the most year-on-year last week (credit: Getty/ViewApart)

Weather and sport boost weekly drink sales

By Gary Lloyd

Drinks sales in the on-trade rose by 3% in the week to last Saturday (14 October) with the Rugby World Cup and good weather cited as the key drivers.

Staffing fears: industry workers may be thinking about a different career but job satisfaction levels have risen (credit: Getty/Charday Penn)

Career change considered by 42% of industry staff

By Gary Lloyd

More than two in five workers in the hospitality sector are considering a career outside the industry despite job satisfaction levels increasing ‘significantly’ during the past 12 months.

Official figures: the average cost pf a pint of beer remains at £4.62 in September - the same as August (image: Getty/agrobacter)

No change of average pint price

By Nikkie Thatcher

The average cost of a pint draught lager stayed at £4.62 in September – the same price as the previous month, according to official figures.

'Continuing difficulties': Sacha Lord speaks out on inflation

Sacha Lord: Inflation to cause ‘continuing difficulties’

By Amelie Maurice-Jones

Sacha Lord, the night-time economy adviser for Greater Manchester, has said the unchanged Consumer Prices Index (CPI) inflation rate released today (18 October) will pile further pressure on small business, especially those in hospitality.

Daily Drinks Tracker: drinks sales up 3.8% six months to September 2023 (Credit: Getty/ bogdankosanovic)

Drinks sales up 3.8% but real-terms growth 'hard-won'

By Rebecca Weller

Drinks sales in the on-trade were up 3.8% overall during the last six months, though inflation, rail strikes and soaring costs make real terms growth "hard-won", CGA data has revealed.

Huge restraint: value of beer sales in the on-trade increasing at a higher rate than volume (Credit: Getty/Jack Andersen)

EXCLUSIVE

Value of beer sales in pubs higher than volume

By Rebecca Weller

Beer sales in pubs have seen a marginal increase in volume compared with a higher turnover in value over the last 12 months, demonstrating “huge restraint” from pubs in the face of "outrageous" rising costs.

Company investment: Brakspear chief executive Tom Davies (far right) with Manu Bhatt (third from right) and Richard Brown (far left) of Little & Large Pub Company and team members from the Running Horses

Brakspear pumps £2m into two L&T sites

By Nikkie Thatcher

South east-based multiple operator Brakspear is investing £2m into two of its leased and tenanted sites after signing agreements with growing pub groups Little & Large and Friendship and Beer.

Development opportunities: TRG acquired by Apollo Global Management (Credit: Getty/Martin Barraud)

TRG to be taken private in £506m deal

By Finn Scott-Delany

The Restaurant Group is to be acquired by Apollo Global Management in a cash acquisition valuing the company at around £506m.

Poll: what do pubs need from the Autumn Statement? (Credit: Getty/JohnnyGreig)

POLL: what do pubs need from the Autumn Statement?

By Rebecca Weller

Ahead of next month's Autumn Statement, The Morning Advertiser wants to know what support you would find most beneficial for your business, have your say and vote now in our snap poll below.

Property refurbs: this week's round-up features Admiral Taverns and Stonegate

PROPERTY: EXCLUSIVE INTERVIEW

Historic Notting Hill pub restored to 'former glory'

By Rebecca Weller

In this week's property refurbishment round-up, we spoke to operator of the Walmer Castle in Notting Hill about the historic pub's restoration while reopening's from Admiral Taverns, Inn Collection Group and Slug & Lettuce also feature.

Improved outlook: Marston's reports 10.1% sales increase

Marston's sales up 10% as pubco reduces head office costs

By Rebecca Weller

Pub operator and brewer Marston’s has reported like-for-like sales in the 52 weeks to Saturday 30 September were 10.1% up compared with the same period last year as well as a £5m reduction in head office costs.

Significant cost increases: only one in two pubs making a profit BII research has revealed

BII: 'half of pubs operating at a loss'

By Rebecca Weller

Only one in two hospitality firms are making a profit, new research from The British Institute of Innkeeping (BII) has revealed.

Slap in the face: operators call for Gov to support sector with implementing increase to NLW (Credit: Getty/The Good Brigade)

EXCLUSIVE

8 in 10 feel NLW hike will have significant impact

By Rebecca Weller

Operators from across the sector have urged the Government to support pubs in delivering the increase to the National Living Wage (NLW) as more than 80% feel the rise will have a significant impact on their business.

Significantly stronger: JDW reports 9.9% sales increase (Pictured: JDW chairman Tim Martin)

JDW reports 9.9% sales increase

By Rebecca Weller

JD Wetherspoon (JDW) has reported like-for-like sales were up 9.9% in the nine weeks to 1 October 2023 compared to the same period last year.

Ghost towns: 30% of nightclubs have shut doors since the pandemic (Credit: Getty/ Flashpop)

'Youth culture is lost’

By Amelie Maurice-Jones

Britain has lost 30% of nightclubs since Covid, and the ex-owner of the UK’s longest running club has argued that Gen Z need to spark a cultural shift to revolutionise nightlife.

Rising rates: We take a look back at national living wage across five years (Credit: Getty/Hispanolistic)

NLW rises by 40.5% in 5 years

By Amelie Maurice-Jones

The national living wage (NLW) is set to rise to “at least £11” next April, meaning it will have soared by nearly 40.5% in the past five years.

Spotlight

(credit: Getty/ViewApart) Experts give comment for the Beer Report 2024 The Morning Advertiser's Lock In podcast episode 78 Making the most of your ghost Competition kicked off: entry for the 2024 Great British Pub Awards is now open Hunt is under way for the Great British Pub of the Year

Property of the week

KENT - HIGH QUALITY FAMILY FRIENDLY PUB

£ 60,000 - Leasehold

Busy location on coastal main road Extensively renovated detached public house Five trade areas (100)  Sizeable refurbished 4-5 bedroom accommodation Newly created beer garden (125) Established and popular business...

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