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 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.
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 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 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 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.
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 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, 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, 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.
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%.
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”.
Marston’s, the brewer and pub operator, has announced the appointment of Roger Devlin, current chair of internet gaming business Gamesys, as its new chairman as it reports a decline in profits in the 26 weeks to 30 March, with trading "significantly...
Maclay Group, the Scottish pub and bar operator, is homing in on three more acquisitions as it looks to have a rolling programme of five or more each year, managing director Steve Mallon has told M&C Report.
Maclay Group, the Scottish pub and bar operator, has reported a full-year pre-tax loss of £737,379 against a pre-tax profit of £75,891 in the previous year, after downgrading the value of its 27-strong estate by £0.7m to £14.2m “in line with market conditions”.
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.
GRS Pubs, the c.200-strong pub group formerly owned by London Town, has given assurances that it’s business as usual despite news that the company breached banking covenants on its £33.2m loan facility.
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, 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.
Pub People Company, the 37-strong East Midlands-based group led by Kevin Sammons, has reported a 3.7% rise in EBITDA (earnings before interest, taxes, depreciation and amortisation) for the year to the end of March 2012.
British Country Inns (BCI), the Enterprise Investment Scheme-backed pub company, has reported a narrowing of losses in the year to 28 January and said that non-executive chairman Anthony Miller is to leave his role.
Amber Taverns, the fast-growing managed operator of wet-led freehold community pubs, has reported a 3% rise in like-for-like sales for the year to 29 January 2012, as it opened 14 sites across the North of England during the year.
Enterprise Inns has reported a 5% rise in pre-tax profit to £64m in the six months to 31 March on the back of a rise in like-for-like net income in its substantive estate, as it reveals that it has begun talks on refinancing.
Thorley Taverns, the Kent-based operator of 28 pubs, restaurants and hotels, has reported steep losses for the year to 30 June 2011 after incurring an exceptional property impairment charge of almost £1m.