Generally Accepted Accounting Principles

Cost-saving: CAMRA national chairman Colin Valentine assured members there was no cause for concern

CAMRA implements emergency cost-saving measures

By Nikkie Sutton

A potential shortfall in income has lead Campaign for Real Ale (CAMRA) leaders to take evasive action and put cost-saving measures in place, the organisation revealed in a letter to members.

Future plans: Greene King chief executive Rooney Anand said the pubco will target further market outperformance

Greene King reports strong annual results

By MCA

Greene King has this morning reported a 1.5% increase in like-for-like sales across its managed division in the 52 weeks to 30 April 2017, driven by a good Christmas, a stronger fourth quarter and a strong performance from its Greene King Locals pubs.

Spirit reveals profit rise

Operator news

Spirit reveals profit rise

By Mark Wingett, M&C Allegra

Spirit Pub Company, which is set to become part of Greene King, has this morning reported a 1.5% increase in like-for-like sales across its managed division, with net sales up 4.5% and EBITDA up by 6% to £59.8m.

Dutchman Cees ‘t Hart will start work on 15 June

Carlsberg appoints first non-Dane CEO

By James Wallin, M&C Report

Carlsberg Group has announced its president and chief executive Jørgen Buhl Rasmussen is retiring and will be replaced by Cees ‘t Hart, currently chief executive of the Dutch dairy company Royal Friesland Campina.

Punch Taverns sais it was making steady progress as it delivered its full-year results

Full-year net income up 1.3% at Punch

By Mark Wingett, M&C Report

Punch Taverns has this morning reported a 1.3% rise in like-for-like net income across its 2,925-strong core estate – which marks five consecutive quarters of growth, and said it could now focus on improving its business through investment in its pubs...

Young's reported a rise in profits and said it was rebranding its tenanted arm

Young’s to rebrand tenanted estate as Ram Pub Company

By John Harrington

Young’s has reported a 17% rise in adjusted pre-tax profit to £27.2m in the year to 31 March, with like-for-like sales in its managed arm up 6.7%, as it announced plans to rebrand its tenanted arm as the Ram Pub Company by the end of the summer.

St Austell saw growth in every area

St Austell sees turnover reach £116m

By John Harrington

St Austell has reported a 7.4% rise in EBITDA (earnings before interest, taxes, depreciation and amortization) to £13.8m in the year to 28 December on turnover up 10% to £116.6m, with growth recorded in every division.