Generally Accepted Accounting Principles

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.

Be At One maintains rapid growth

Be At One maintains rapid 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.

Aston Manor: dip in profits

Aston Manor reports dip in profit

Birmingham-based cider maker Aston Manor Brewery saw a slight dip in pre-tax profits in 2010, despite turnover rising 49.8% to £79.25m.

Tye: stepping up to the top role

Tye named chief executive at Spirit Pub Company

By Mark Wingett, M&C Report

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.

At the bar: Revolution outlet in America Square

Inventive reports increased losses

By John Harrington

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.