Income

Ei Group sees first-half revenue up 1.6%

16-May-2017 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.

MRO

40 Punch licensees request MRO statistics

08-Nov-2016 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.

Enterprise 'on track' for 30 managed pubs by September

06-Aug-2015 By M&C Allegra

Enterprise Inns has increased its number of managed pubs, and is on track to have 30 operational by September 30.

Admiral sees full-year earnings and revenue rise

25-Nov-2014 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”.

Punch abandons focus on food revenue

19-Nov-2014 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.

Spirit Pub Company reports healthy full-year sales

22-Oct-2014 By Mark Wingett

Spirit Pub Company has this morning reported a 4.4% increase in like-for-like sales across its managed division for the 53 weeks to 23 August 2014.

A lack of able, skilled and willing staff

05-Sep-2014 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.

World Cup boosts spend in pubs during June

11-Jul-2014 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.

Latest results for Enterprise Inns show net income up 1.1%

13-May-2014 By John Harrington

Enterprise Inns has reported a turnaround in like-for-like net income in the six months to 31 March, with growth of 1.1% against a decline of 4.3% in the same period in 2013.

Punch Taverns reports income growth and says debt talks continue

15-Apr-2014 By John Harrington

Punch Taverns today reported a 1.4% rise in like-for-like net income across its core estate for the last six months and said talks over its debt restructure continue.

Full-year net income down at Enterprise Inns

19-Nov-2013 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 Taverns results in line with expectations

25-Sep-2013 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 sets disposals target as restructure continues

13-Sep-2013 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 like-for-like sales up 0.4%, plans to launch restructuring

03-Sep-2013 By Mark Wingett

Punch Taverns has this morning reported a 0.4% increase in like-for-like net income across its core estate for the 12 weeks to 17 August 2013. 

Punch Taverns reports improving trends

05-Apr-2013 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.

Nine out 10 Brits now on a budget

07-Feb-2013 By Mark Wingett

New research has found that nine in ten (89%) Brits are now on a budget, with nearly half (44%) of all Brits budgeting more than they were this time last year.

Enterprise Inns chief executive Ted Tuppen's total pay increases by £86k

20-Dec-2012 By John Harrington

Enterprise Inns chief executive Ted Tuppen’s total pay increased by £86,000 to just under £1m in the company’s most recent financial year.

Enterprise Inns reports dip in earnings and sales

20-Nov-2012 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%...

Enterprise reports 5% rise in pre-tax profits and begins refinancing talks

15-May-2012

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.

Minimum pricing ‘would earn industry £850m per year'

27-Mar-2012 By John Harrington, M&C Report

The alcohol industry would earn £850m per year if the Government goes ahead with plans to introduce a minimum alcohol unit price of 40p, according to research form the Institute for Fiscal Studies (IFS).

Sceptre: profits at lower end of expectations

26-Jul-2011 By Ewan Turney

AWP supplier Sceptre Leisure is in "great financial health" despite full-year profits being at the lower end of expectations.

Enterprise Inns: net income per pub stable

17-May-2011 By Ewan Turney

Enterprise Inns has reported a "stable" performance from its tenanted pubs for the six months to 31 March despite the poor December weather. Average...

Enterprise 'sale and leasebacks finished'

08-Apr-2011 By The PMA Team

Enterprise Inns has probably completed its sale and leaseback programme, having raised £274m through the sale of 176 pubs, according to house broker...

Enterprise directors awarded shares

24-Jan-2011 By Ewan Turney

Enterprise Inns chief executive Ted Tuppen has been granted 613,614 performance award shares in the company. Tuppen was also granted 306,807...

MP: Enterprise pay increases insensitive

15-Dec-2010 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...

Enterprise bosses enjoy bonus boost

10-Dec-2010 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...

Enterprise edges to 'hard-won stability'

16-Nov-2010 By Martyn Leek, M&C Report

Enterprise Inns, the leased and managed pub group, has reported a 5% decline in like-for-like (LFL) net income per pub — but did not pay out a dividend despite achieving what it described as a "hard won stability".

Trade soars at Beds & Bars

15-Mar-2010 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...

Tenants missing out on new AWPs

08-Oct-2009 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...

Pub workers worse off after income tax change

21-Apr-2008

A vast number of pub workers could find themselves worse off as a result of controversial government moves to abolish the 10p income tax.It is...

Bingo operator hit by smoking ban

15-Oct-2007 By Hamish Champ

The smoking ban has hit earnings at the one of the country's largest bingo hall operators.Rank Group, which operates Mecca Bingo halls, announced a...

Scottish smoking ban hits Inspired Gaming Group sales

22-Jun-2007 By Hamish Champ

The Scottish smoking ban has hit Inspired Gaming Group's (IGG) earnings, the group announced this week.IGG, which provides analogue and server-based...

Pubs must innovate to beat ban, say analysts

19-Feb-2007

Pubs must innovate their offer to mitigate against the short-term loss of earnings expected after smoking is banned. They should also develop an...

'Boring' checks stifle local pubs

29-Jun-2006

High-profile licensee Paul Clerehugh has voiced his support for the Morning Advertiser's Save Our Local Pubs campaign slamming his local authorities...

AWP jackpots 'must increase' or 1000s of pubs could perish

15-Jun-2006 By Tony Halstead

A leading trade group has called for a radical review of pub fruit machine jackpots to ward off a trading threat to thousands of pubs. Business In...

Men spend instead of save

14-Apr-2003

Young men are spending more cash than ever before on leisure activities such as going to the pub, a new report has revealed.According to market...