Income

On track: Ei Group reports figures in line with expectations

Ei Group sees first-half revenue up 1.6%

By Mark Wingett

Ei Group, formerly Enterprise Inns, has reported a 1.6% increase in like-for-like net income across its tenanted and leased estate for the six months ending 31 March 2017.

Punch licensees: some 21 requests for the MRO option are under review

MRO

40 Punch licensees request MRO statistics

By James Wallin, MCA

Punch has revealed 40 licensees have asked what the difference in costs would be if they decided to take the market rent-only option (MRO) since the pubs code came into force in July.

Admiral Taverns reported a 'solid year of progress'

Admiral sees full-year earnings and revenue rise

By Mark Wingett, M&C Report

Admiral Taverns, the tenanted pub operator, has reported a 3.8% increase in underlying EBITDA to £21.5m for the year to 31 May 2014, which it described as a “significant and successful period of development for the company and its licensees”.

Stephen Billingham stressed that with the restructure completed Punch was fully focused on 'transforming to a higher quality estate'

Punch abandons focus on food revenue

By James Wallin, M&C Report

Punch Taverns executive chairman Stephen Billingham said the company has abandoned its target of food sales making up 35% of its tenants’ revenue.

Ashley McCarthy:

A lack of able, skilled and willing staff

By Ashley McCarthy

Hospitality is one of the biggest employers in the country, but can we fill jobs with the skilled staff that we need? Not from my side of the fence we can’t, bemoans Ashley McCarthy.

The first England game saw a 10% rise in spend in pubs

World Cup boosts spend in pubs during June

By Ruth Williams

Pubs saw a 10% boost in trade for England's first World Cup match with the on-trade expected to have received £116m in extra revenue throughout the tournament.

Enterprise Inns reported a 2.9% decline in like-for-like net income for the year to 30 September

Full-year net income down at Enterprise Inns

By Mark Wingett

Enterprise Inns has this morning reported a 2.9% decline in like-for-like net income for the year to 30 September, but said that it had witnessed an improving trend in the final quarter of the year, with like-for-like net income growth of 0.6%.

Punch reports results in line with expectations

Punch Taverns results in line with expectations

By Mark Wingett

Punch Taverns has this morning reported that its performance for the 52 weeks to 17 August 2013 was in line with expectations, with like-for-like sales in its core estate up 0.4% in the fourth quarter.

Punch disposed of 433 pubs in its financial year to 17 August

Punch sets disposals target as restructure continues

By John Harrington

Punch Taverns is likely to slow down its disposals to between 300 and 350 in 2014, says finance director Steve Dando, who also said he’s “confident” that the company’s debt restructure will occur in the second half of 2013.

Punch Taverns reports improving trends

Punch Taverns reports improving trends

By John Harrington

Punch Taverns, the tenanted and leased pub operator, has reported another quarter of improved trends in the business, although profits, revenue and EBITDA all declined across the 28 weeks to 2 March 2013.

Enterprise plans a further £60m investment in its pub estate this year

Enterprise Inns reports dip in earnings and sales

By John Harrington

Enterprise Inns, the leased and tenanted pub operator, has reported a fall in EBITDA from £366m to £340m in the year to 30 September, although the company said it saw improved performance trends across the estate, with like-for-like net income down 1.2%...

Tuppen (L) and Mulholland (R): no love lost

MP: Enterprise pay increases insensitive

By Ewan Turney

Enterprise Inns critic Greg Mulholland MP has slammed its bosses for putting "their own greed before the needs of their own tenants" after receiving...

Tuppen: total pay of £1.2m

Enterprise bosses enjoy bonus boost

By Ewan Turney

Enterprise Inns chief executive Ted Tuppen enjoyed a 51% earnings increase in the company's most recent financial year to 30 September 2010 — he...

Knowles: good year for Beds & Bars

Trade soars at Beds & Bars

By The PMA Team

Beds & Bars, the hostel and bar operator led by Keith Knowles, has reported a circa 30% rise in turnover in its most recent financial year. The...

Pubs are missing out on new stakes and prizes

Tenants missing out on new AWPs

By The PMA Team

Pub tenants are missing out on up to £1,000 of revenue from the new higher stakes and prizes AWP machines because they are not keeping cash hoppers...