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.

Adnams is looking to streamline its 60 pubs

Adnams eyes consolidation

By Mark Wingett

Adnams, the Suffolk-based brewer, pub operator and distiller, is set to further consolidate its estate over the coming 12 months, disposing of a number of outlets.

Charles Wells reports a year of “steady progress

Charles Wells reports a year of 'steady progress'

By John Harrington

Charles Wells has reported a year of “steady progress” as it grew pre-tax profits from £6.5m to £6.7m and reduced net debt by £18.8m to £44.7m, due to the sale of its distribution depot and its Kestrel Super Strength brand.

Bramwell Pub Company, EBITDA

Bramwell owed £60.6m at collapse

By John Harrington

Bramwell Pub Company collapsed owing £60.6m to creditors, according to a new report that says the decision to put the company in administration followed a deterioration of trade and was sparked by one of its suppliers reducing its credit terms and demanding...

Greene King's like-for-like sales are up

Greene King reports like-for-like sales up 3.5%

By John Harrington

Greene King, the brewer and pub operator, has reported a 3.5% rise in like-for-like sales in the 24 weeks to 13 October and said it’s planning a further 90 acquisitions for its managed retail estate over the next 18 months.

Marston's has sold more than 200 pubs for £90m

Marston's sells 202 pubs to NewRiver Retail

By John Harrington

Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist real estate investment trust (REIT) focused on the UK food and value retail sector.

Sales in Spirit's managed estate grew by 1.6% in the year to 17 August

Spirit reports managed like-for-like sales rise

By John Harrington

Spirit Pub Company has reported a 1.6% rise in like-for-like sales in its managed arm in the 52 weeks to 17 August and says it plans to add sites to its estate in 2013/14.

Biddy Mulligans: one of the sites that has been fully refurbished

G1 buys tenanted vehicle outright

By John Harrington

G1 Group, the Scottish leisure operator led by Stefan King, has taken complete control of its tenanted pub vehicle Iona Pub Partnership after buying out Heineken’s 25% stake in the business.

Shepherd Neame has reported a 'solid' performance across its estate

Shepherd Neame reports managed like-for-like sales growth

By John Harrington

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%.

Pre-tax profits at Be At One stood at £331,000, up from £140,000.

Be At One posts strong sales figures

By John Harrington

Be At One, the Piper-backed cocktail bar chain, has reported a 47% rise in EBITDA to £1.6m for the year 31 March 2013.

Wetherspoon's revenues grew grew 7% to £1.28bn

JD Wetherspoon reports healthy sales rise

By John Harrington

JD Wetherspoon, the managed pub operator, has reported a 5.8% rise in like-for-like sales in the year to 28 July, with profits before tax and exceptionals up 6.3% to £76.9m, in what it called a “year of progress”.

Convivial reports 111% rise in pre-tax profit

Convivial reports 111% rise in pre-tax profit

By John Harrington

Convivial London Pubs, the Enterprise Investment Scheme-funded pub operator, has reported a 111% rise in pre-tax profit to just under £1m for the year to 29 September.

Vianet Brulines reports drop in earnings

Vianet continues installations as leisure earnings fall

By John Harrington

Vianet Group, the beerflow monitoring company previously known as Brulines, has reported a fall in earnings and gross profit in its leisure division for the six months ending 30 September but says it is gaining pace with new installations.

Spirit pre-tax profits rise by 16%

Spirit pre-tax profits rise by 16%

By John Harrington

Spirit Pub Company has reported a 5% rise in full-year EBITDA to £146m and a 16% rise in pre-tax profit to £51m, both before exceptional items, with like-for-like managed sales up 4.8% and like-for-likes in its leased division down 4.9%.

Trust Inns posts sharp profits fall

Trust Inns posts sharp profits fall

By M&C Report

Trust Inns, the c.600-strong pub business owned by leisure magnate Trevor Hemmings, has reported a sharp fall in full-year pre-tax profits after paying higher interest payments and incurring a £1.9m impairment charge following a £6m property value write-down.

Punch in line to meet FY expectations

Punch in line to meet FY expectations

By Mark Wingett, M&C Report

Punch Taverns this morning said it was on track to meet full year expectations despite a drop in first-half profits after experiencing weaker consumer market conditions in recent months.

Harveys reports profit fall

Harveys reports profit fall

By John Harrington, M&C Report

Harveys, the East Sussex-based brewer and pub operator, has reported a fall in profits in 2011 after experiencing increased pensions contributions and lower income from property sales.