JW Lees, the brewer and pub operator, has reported record turnover of £67.7m for the year to 31 March 2017 and said it is hungry for acquisitions in the north-west.
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.
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.
Charles Wells is to automatically enrol all new tenants onto its Passport to Profit scheme following its success across selected sites in its pub estate.
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...
Hydes Brewery, the Manchester-based brewer and pub operator, has acquired three freehold sites this year marking a return to the acquisition trail after streamlining the company.
Joseph Holt, the Manchester-based brewer and pub operator, saw its pre-tax profit fall to £2.8m from £3.5m in the year to 31 December 2013 and announced that chairman David Tully is to step down.
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.
English winemaker Chapel Down saw profits slump from £414k to £68k last year but said strong beer sales and a good harvest in 2013 were reasons to be cheerful.
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.
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.
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, 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”.
Young’s, the London-based pub operator, has reported a 13.1% rise in adjusted pre-tax profit to £28.9m in the year to 1 April 2013 in what it called an "exceptional" year.
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.
Around 800 Enterprise Inns pubs are to receive investments in their external areas to improve their “kerb appeal”, chief executive Ted Tuppen has said.
McManus Pub Group, the Northamptonshire-based pub operator, is looking into funding options as it plans expansion, commercial director Chris Wright has told M&C Report.
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%.
Wellington Pub Company, the c800-strong free-of-tie leased pub operator, has blamed the state of the economy for causing a dip in profits and turnover in the year to 31 March.
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.
Greene King, the brewer and pub operator, has reported another year of record profits and growth, with turnover up 9.4% to £1.14bn and pre-tax profit rising 8.6% to £152m.
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.
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, 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.
Enterprise Inns, the leased and tenanted pub company, has reported a 1% rise in like-for-like income per pub in its substantive estate for the 18 weeks to 4 February 2012.
Sceptre Leisure, the amusement and gaming machines supplier, has reported a drop in revenue for the six months to 31 October, but said that it continued to trade “robustly”.
Greene King, the brewer and pub operator, has reported H1 revenues of more than half a billion pounds for the first time, with the managed division and food sales in particular being credited for the growth.
Be At One, the 12-strong London-based cocktail bar chain, has reported a 40% rise in pre-tax profits on turnover up 24% to £8.58m in the year to 31 March 2011.
Spirit Pub Company has reported a 5.2% rise in like-for-like sales across its managed estate for the year to 20th August and confirmed that chief executive Ian Dyson will be succeeded by his current deputy Mike Tye on 16th December this year.
Inventive Leisure, the Revolution Vodka Bar operator, saw pre-tax losses increase in the year to 30 June 2011 after incurring an £880,000 impairment charge and higher interest payments.
Cucina Lux, the parent company of foodservice supplier Brakes, saw losses increase 37% in 2010, with UK operating profits before exceptional items down 20.3% as sales growth slowed.
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