Pubs, Bars & Clubs News

  • M&B
    News

    M&B axe 1,300 jobs

    2020-11-26T16:21:00Z

    Mitchells & Butlers has announced 1,300 of its staff have been made redundant as it deals with the ongoing impact of the coronavirus pandemic. The 1,700-strong group, which operates brands including Harvester, All Bar One and Toby Carvery, began redundancy consultations with a number of staff last month, and has since started working with advisors CBRE to close up to 20 leasehold pubs and restaurants. The job cuts came as M&B revealed its financial results for the year to 26 September, which saw pre-tax losses of £123m, compared to a profit of £177m in 2019.

  • Simon Emeny, Fuller's
    News

    Fuller’s CEO Simon Emeny: Staying positive

    2020-11-26T08:07:00Z

    Fuller’s has said sales for the first half of the year (for the 26 weeks to 26 September 2020) hit £45.6m, down from £167.1m it made last year. It also reported an adjusted loss before tax of £22.2m compared to a profit of £17.9m last year. “The tightening of the tier system will present further challenges over the winter months, but we welcome the Prime Minister’s comments that we will see the need for restrictions fall away in the spring,” said CEO Simon Emeny. “When the current lockdown was announced, we acted swiftly to implement the lessons learned last time round and this latest closure has been made with minimal stock losses.

  • Miller & Carter
    News

    M&B: Staying optimistic about recovery

    2020-11-26T07:58:00Z

    Mitchells and Butlers has reported a 34.1% sales fall compared to last year, coming in at £1,475m. It made a pre-tax loss of £123m compared to a profit of £177m last year. “Throughout a very uncertain and challenging year our businesses and teams have adapted quickly, creating a safe environment for guests and putting us in a strong position to benefit when consumers are able to eat out again,” said CEO Phil Urban.

  • GettyImages-1186968648
    News

    No Christmas bubbles in hospitality venues

    2020-11-25T08:24:00Z

    Families will be able to meet two other households in private homes in a “Christmas bubble”, though this will not extend to meeting pubs and restaurants.

  • tim-foster
    News

    Defiance grows in face of Christmas rules

    2020-11-25T08:24:00Z

    News that the hospitality trade would once again be the worst loser from government restrictions over Christmas has been met with a growing sense of rebellion, as pub leaders suggested they may openly defy the rules.

  • The Deltic Group
    News

    Night-time sector in appeal for urgent help

    2020-11-23T08:27:00Z

    Nightclub operators will meet the Business Secretary this week in an attempt to secure a potential lifeline for the sector.

  • Deltic Group's Pryzm brand
    News

    Deltic warns landlords of collapse without sale

    2020-11-19T15:08:00Z

    Nightclub operator Deltic has warned landlords that it faces collapse unless a sale is agreed imminently, Sky News reports.

  • Brewdog ad
    News

    Brewdog ad caused ‘serious and widespread offence’

    2020-11-19T08:17:00Z

    A Brewdog billboard ad which states “F**k You CO2” has been banned by the Advertising Standards Authority.

  • Sacha Lord headshot (portrait)
    News

    Sacha Lord releases recovery plan, warns bounce back ‘could take five years’

    2020-11-18T08:37:00Z

    Manchester’s night time economy advisor Sacha Lord has released a plan detailing how businesses can be supported to recover from the pandemic, but warned it could take five years for the sector to recover.

  • London at night
    News

    Legal challenge to curfew set for second court hearing

    2020-11-18T08:36:00Z

    A legal challenge to the 10pm curfew in England is set for a second court hearing at the beginning of next month.

  • GettyImages-1201075450
    News

    NTIA: ‘Nightclubs are on the brink of extinction’

    2020-11-17T16:04:00Z

    The late-night sector will not survive to see recovery without urgent financial support from government, Night Time Industries Association CEO Michael Kill has warned.

  • The Deltic Group
    News

    Deltic asks for £1m-a-month government support to see it through sales process

    2020-11-16T08:32:00Z

    The Deltic Group has asked government for a £1m-a-month bailout as it continues its sales process, the Mail on Sunday reports.

  • BrewDog
    News

    Brewdog secures £25m CBILs and financing arrangement to tackle crisis

    2020-11-16T08:30:00Z

    Brewdog has said it is optimistic about the remainder of 2020 in light of financial measures taken to protect the business going forward.

  • GettyImages-1218403507
    News

    Scientists blame virus spike on ‘crazy scenes’ on eve of lockdown

    2020-11-13T08:34:00Z

    A rise in coronavirus cases of 50% has been blamed on increased numbers visiting pubs and restaurants ahead of the second lockdown coming into force.

  • The Guinea Grill in Mayfair is a Young's pub but became a popular haunt for American stars after the Second World War
    News

    Young’s: Toughest times in 189 years

    2020-11-12T08:21:00Z

    Young’s CEO Patrick Dardis has described the last six months as the toughest period in its 189 years. In its half year H1 report for the 26 weeks to September 2020, it said sales were £55.1m, compared to £168.2m the year before, with the business recording an adjusted operating loss before tax of £19.2m. However it said was encouraged by the fact that sales since reopening on 20 July were 84% of last year. “Our business recently celebrated 189 years and the last six months has been one of the toughest periods in that incredible journey,” said Dardis.

  • Marston's
    News

    Marston’s seeks waivers from noteholders

    2020-11-11T08:34:00Z

    Marston’s has released a formal request to the holders of its secured class A notes for a limited number of further technical waivers during the first half of 2021. In an announcement on the London Stock Exchange today (11 November), the pubco said it was requesting the waivers as a precautionary measure following the renewed lockdown restrictions introduced in Wales on 23 October and England last week.

  • Liberation
    News

    Wadworth sells 21 pubs to Liberation Group

    2020-11-10T14:09:00Z

    Wiltshire-based pubco and brewer Wadworth has announced the sale of 21 pubs to Liberation Group.The sites, sold for an undisclosed sum, are primarily in Gloucestershire, Hampshire and Wiltshire, and comprise more than a tenth of Wadworth’s estate across the south west and London.

  • Whitby
    News

    The Inn Collection lands Whitby site

    2020-11-10T08:22:00Z

    The Inn Collection Group has landed a third Yorkshire site, with prime Whitby venue The Stables at Crossbutts.

  • Toby Smith
    News

    City Pub Group appoints Toby Smith as COO

    2020-11-10T08:21:00Z

    City Pub Group has appointed Toby Smith into the newly created role chief operating officer from today.

  • Financial chart stock market algo trading
    News

    Listed groups rally over vaccine news

    2020-11-10T08:21:00Z

    Listed pub and restaurant groups have welcomed news of progress in a coronavirus vaccine with cautious optimism on Monday.