Property

Business report: JDW reveals like-for-like sales rise in the 13 weeks to 28 April 2024 (image: Getty: Poike)

JDW disposed of 18 sites in year-to-date

By Nikkie Thatcher

Pub giant JD Wetherspoon (JDW) opened two pubs and sold or surrendered to the landlord 18 sites in the year-to-date, it revealed in a trading update.

Tentative optimism: hospitality closures slow (Credit: Getty/ Richard Drury)

Closures down by half in Q1 2024 vs 2023

By Rebecca Weller

Closures across the hospitality sector slowed from eight sites a day in 2023 to four a day in the first quarter of 2024, figures from CGA by NIQ and AlixPartners has revealed.

Business change: Rekom UK will now be named Neos Hospitality (image: Getty/John M Lund Photography Inc)

Rekom UK splits from group owner

By Nikkie Thatcher

Nightlife business Rekom UK has separated from its owner, Rekom Group and has been renamed Neos Hospitality.

Unstable climates: NTIA shares concern as nightclub closures rise (Credit:Getty/allanswart)

NTIA shares 'concern' as nightclub closures rise

By Rebecca Weller

More than 190 night-time economy (NTE) firms went into administration between April 2023 and March 2024, data from the Night-Time Industries Association (NTIA) has revealed.

Incredibly pleased: Greene King Pub Partners opens 50th Hive Pub

Greene King opens 50th Hive Pub

By Rebecca Weller

Greene King Pub Partners, the tenanted and franchised arm of Greene King, has opened its 50th Hive Pub.

New sites: Loungers has a ‘fantastic pipeline’ (Muro Lounge in the north-east pictured)

Loungers opens eight sites since end of January

By Gary Lloyd

The rapid rollout of Loungers new site openings has reached one every 10 days since the end of January this year – bringing the total number in its portfolio to 257.

Milestone: Little Door & Co to open fifth site (Pictured: Kamran Dehdashti and Jamie Hazeel)

Little Door & Co to open 'milestone' fifth site

By Rebecca Weller

London-based house-party inspired late night bar and restaurant concept, Little Door & Co., has announced it will open its “milestone” fifth bar this summer.

Licensees: publicans Chris Walsh and Beccy Keddie are dealing with extra costs

Rising costs hurting small pub businesses

By Gary Lloyd

Improving trade but ever-escalating bills is an issue several pubs are experiencing three years after sites were allowed to start serving again after the pandemic forced the on-trade to close its doors.

Estate numbers: Punch has around 1,300 pubs across the UK

Punch expands its growing estate

By Nikkie Thatcher

Punch Pubs & Co has acquired a trio of Leicestershire pubs from Steamin' Billy into its leased and tenanted division.

Financial results: despite losses, RedCat has seen turnover more than double (credit: Getty/PeopleImages)

RedCat posts £31m loss

By Gary Lloyd

RedCat Pub Company has posted a pre-tax loss of £31m for the year in its latest annual report.

Pub operators urged to look for positives

OPINION

Trading is tough but we need to start sharing the positives

By Ed Bedington

It’s a little too easy to allow ourselves to wallow in pessimism, (particularly when you record a podcast with a fully qualified professional moaner), but sometimes we need to take a step back and appreciate some of the positives out there.

Alarming rate: number of NTE firms in the UK drops by 15.5% (Credit: Getty/SolStock)

Number of NTE firms drops by 'staggering' 15.5%

By Rebecca Weller

The number of night-time economy (NTE) businesses in the UK has dropped by a “staggering” 15.5%, new research from Night-Time Industries Association (NTIA) has revealed.

Business results: the trading update from JD Wetherspoon covered the 26-week period to 28 January 2024 (image: Getty/PeopleImages)

JDW ‘has potential for 1,000 sites’

By Nikkie Thatcher

Pub giant JD Wetherspoon (JDW) identified the possibility of increasing its estate by just under a quarter (23%), in its latest trading update.

Trading update: Sarah Willingham-led Nightcap acquired The Piano Works in February 2024

Nightcap positive despite tough trading in 2024

By Gary Lloyd

Nightcap – the operator of about 50 bars under brands including The Cocktail Club, Barrio Familia, the Adventure Bar Group and The Piano Works – expects trading to continue to be tough in 2024 but is positive for the future.

Corner plot: North Laine Brewhouse is stand-out pub in Brighton

Laine’s flagship Brighton pub building on market

By Gary Lloyd

The freehold site of Laine Pub Company’s flagship pub has been placed on the market – but the pubco insists the sale won’t affect the pub and it will be business as usual.