All Fuller’s articles – Page 6
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NewsInterest rate cut to 0.1% amid turmoil for listed restaurant and pub groups
The Bank of England has cut interest rate to 0.1%, while announcing £200bn of quantitative easing.
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NewsListed groups make heavy losses amid coronavirus bloodbath
Listed restaurant and pub suffered a day of carnage today as the coronavirus outbreak took its toll on operators’ share prices.
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NewsFuller’s, Stonegate, Punch and more triumph at Publican Awards
The best pub and bar operators were celebrating success with nearly 1,500 people from the sector at the Publican Awards 2020. The industry’s top companies attended the event at Evolution London for a night which looks to celebrate excellence across the pub and bar business, all mc’d by top comedian Rob Beckett. The evening saw a broad mix of pub companies take home titles with Stonegate (Best Pub Employer - 501+ Employees), Liberation Group (Best Food Offer) and the Inn Collection Group (Best Pub Employer - up to 500 Employees) celebrating success for the second year on the run across their categories.
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NewsFuller’s appoints Eastwood to oversee London
Fuller’s has appointed Kate Eastwood as operations director - city, to oversee the running of its London division.
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NewsBill’s CFO departs after less than six months
Bill’s chief financial officer Nick Gray is the latest senior figure to leave the Richard Caring-backed restaurant group, MCA understands.
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NewsRetailers’ Retailer full nominees list revealed
The finalists for MCA’s Retailers’ Retailer Awards 2020 have been announced, with the cohort reflecting a diverse and vibrant range of eating and drinking out operators.
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NewsFullers hails “Year of Change”
Fullers has said sales were up 4.3% for the six weeks over Christmas and New Year, and 2.5% for the 42 weeks to 18 January 2020. Food, drink and accommodation all delivered like for like growth. However, tenanted like for like profits were down 3%.
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NewsPaying Tribute
Having joined the company as an apprentice in 1980, St Austell Brewery’s CEO James Staughton officially bows out on 31 January after an impressive four decades at its helm. Here, he shares a slice of his Cornish past with Stuart Stone and chews over his hopes for the future
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NewsM&A Review of the Year
It certainly hasn’t been a year in hospitality M&A for the faint hearted, but for those who have stuck with the sector and taken a long-term view, opportunity has knocked. Despite fears of an investor hiatus as a result of lingering uncertainty (ongoing Brexit delays certainly haven’t been helpful to M&A advisors!), the past 12 months has again proved the robustness of the M&A market in this sector, and points to further opportunities for 2020.
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News2020 expansion planned across Fuller’s entire estate
Fuller’s tenanted profits dip a “short term blip,” as it plans continued expansion into 2020, CEO Simon Emeny told MCA.
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NewsSales up at Fuller’s after transformational start to the year
Fuller’s has made a “solid” start to its premium pubs and hotels business, as it released its financial results for the half year to 28 September 2019. It said it had made £164.5m profit from the sale of its beer business to Asahi, that sales were up 6% to £174.8m ...
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NewsThe Dom Walsh Awards
Our monthly columnist from The Times hands out his annual awards to brands and operators who have made the past 12 months newsworthy – for better or for worse…
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NewsFuller’s to open at Wembley Park
Fuller’s set to open a 8,200 sq ft pub and restaurant on £3bn Wembley Park development.
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OpinionChange is happening everywhere
Seismic shifts are sweeping through the sector thanks to a combination of M&A, technological developments and consumer behaviour. Who knows what’s going to happen next?
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NewsFuller’s warns over beer co transition costs
Fuller’s has warned that the transition costs of selling its beer business to Asahi have been “materially higher” than expected and will have a short-term impact on the group’s financial performance.
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NewsMcMullen sees overall growth of 7% in latest financial year
McMullen & Sons has achieved total revenue growth of around 7.5% for the financial year ended September 2019, MCA can reveal.
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Opinion
Brigid Simmonds: ‘We can’t keep every pub open’
Outgoing British Beer & Pub Association chief executive Brigid Simmonds examines her time in the role.
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NewsEmeny: ‘Deal gives us critical mass in the Cotswolds’
The acquisition of Cotswold Inns & Hotels is a great geographical fit for Fuller’s and gives it the critical mass it was looking for in the region, chief executive Simon Emeny has told MCA.
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NewsFuller’s to acquire Cotswold Inns & Hotels in £40m deal
Fuller’s has exchanged contracts in a £40m deal to acquire Cotswold Inns & Hotels.
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Opinion
How to give hospitality the personal touch
Using machine learning and AI could deliver huge benefits to hospitality, but there are challenges. MCA and Punchh brought together marketing and IT directors to discuss how best to do it.