Revenue

Confident: Rooney Anand expects little impact to the group from MRO requests

pubs code

MRO quote plea from 24 Greene King licensees

By Michelle Perrett

Greene King has revealed that 24 licensees requested a quote for the market rent-only option (MRO) in the first three months of the pubs code.

Food sales: 10-year high for licensed retailers

Food

Food sales at ten year high, reports ALMR

By Finn Scott-Delaney, MCA

Food sales among multiple operators of licensed premises are at a 10-year high, according to a comprehensive annual survey by the Association of Licensed Multiple Retailers (ALMR).

Greene King issues Brexit warning despite growth

Greene King issues Brexit warning despite growth

By Oli Gross

Greene King has warned licensees that consumer confidence may be affected by Brexit, after reporting strong financial results in a ‘transformational year’ for the pubco.

Spirit reveals profit rise

Operator news

Spirit reveals profit rise

By Mark Wingett, M&C Allegra

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.

Greene King added 11 sites to its retail estate at a total cost of £14.5m during the financial period

Greene King reports half-year revenue growth

By James Wallin, M&C Report

Greene King has reported revenue growth of 5.3% across its retained business to £613.1m with profit before tax up 3% for the 24 weeks to 19 October.

Simon Townsend: 'Now that we are no longer relying on disposals to repay debt we are able to convert those sites ourselves'

Enterprise converting failing pubs into shops

By James Wallin, M&C Report

Enterprise Inns has revealed it has converted 22 pubs to convenience stores and will continue to look at this operating model as an alternative to disposals.

ABInBev, the producer of Stella Artois, has seen sales rise

World Cup lifts ABInBev sales

By John Harrington

ABInBev, the Stella Artois and Budweiser brewer, saw UK sales of its drinks grow 13.5% in Q2 2014, due to ”strong World Cup volumes”.

Greene King announced a fourth consecutive year of record results

Greene King delivers record full-year results

By John Harrington

Greene King, the brewer and pub operator, has reported a 9.4% rise in pre-tax profits to £173.1m in the 53 weeks to 4 May, with the company saying it has now delivered four years of record results.

Spirit's managed pub enjoyed the recent warm weather

Spirit reports managed pubs sales rise

By John Harrington

Spirit Pub Company has reported a 4.1% rise in like-for-like net sales in its managed division in the 12 weeks to 17 August and improving trends in its leased estate.

Spirit sales back on track

Spirit Pub Company sales on track despite tough trading

By Mark Wingett

Spirit Pub Company has reported a 2.6% rise in like-for-like sales across its managed estate for the six weeks to 25 May, a performance that bounced back after a 3.8% decline in the proceeding six weeks, which it said was impacted by an “an exceptionally...

In the on-trade, cider volume growth remained in positive territory, up 1% year-on-year

Magners cider producer C&C Group reports falling UK volumes

By Mark Wingett

C&C Group, the Irish producer of Magners cider, has reported a resilient performance for the year to 28 February despite a 15% decline in UK cider volumes in what it describes as a difficult trading environment in the UK and Republic of Ireland.