Pubs, Bars & Clubs News – Page 12
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NewsCAMRA describes ‘utter dismay’ over Whitbread closures
The Campaign for Real Ale has challenged Whitbread to reconsider a decision to close and convert over 100 pubs next to Premier Inns
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NewsTim Martin sells £10m worth of shares in Wetherspoons
The chairman of the pub chain sold 1.36m of the company’s ordinary shares on the London Stock Exchange at a price of £7.39 per share
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NewsCraft Union shakes up operator-managed model
The Stonegate-owned community pub company has introduced extra incentives, additional profit share and uncapped earning potential for its managed operators as it opens its 600th site, CEO Frazer Grimbleby tells MCA
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NewsM&B sees inflation continuing to ease
The managed pub and bar company has reported trading ahead of the market, with total sales in the year to date up 7.3%
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NewsGreene King targets ten Nest Pubs this year
Greene King Pub Partners has opened its sixth Nest Pub – The Marquis of Lorne in Stevenage, following a £260,000 investment
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NewsTrust Inns posts ‘satisfactory’ performance in challenging market
The 340-strong tenanted pub company, controlled by the family trust of late billionaire Trevor Hemmings, has grown sales in 2024 but saw a squeeze on profits
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NewsYoung’s sales up 26%
Outgoing chairman Stephen Goodyear, who addresses Youngs’ AGM for for the final time today, says the premium pub company’s strategy is delivering “industry leading results”
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NewsHeineken UK partners with Net Zero Now
The pub and brewing business will become an industry partner of The Net Zero Pubs and Bars Initiative, supporting climate action across the hospitality industry
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NewsSector questions PCA ability to enforce code
Attendees at the annual Tied Tenants Survey event questioned why some tenants fall within and others outside the Pubs Code Adjudicator’s remit
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NewsFuller’s sees inflation easing and margins recovering
The premium pub company has reported continuing trading momentum with strong like for like sales growth of 5.3% for the first 16 weeks of the financial year
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NewsJW Lees reports another record year
The brewer and pub operator has announced revenues of £96.8m, with a view to invest in its existing estate while proactively seeking new opportunities
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NewsNightcap shareholders approve plan to go private
The bar group believes as a private company it will have access to investors more likely to support its strategy of consolidating the late night sector
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NewsBrewDog to ‘let carbon negative claim lapse’
New CEO James Arrow said the high cost of purchasing credits and a desire to focus on reducing its own emissions were behind the move
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NewsMarston’s tops PCA survey for second consecutive year
Tenants were the most satisfied with their relationship with Marston’s, Admiral, and Greene King, whereas Stonegate tenants were the least satisfied
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NewsWetherspoon hits back against TUC claims
Chairman Tim Martin defended the company against allegations of ’low-paid, insecure’ employment from Trades Union Congress chief Paul Nowak
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NewsBrewhouse & Kitchen prepares for further growth
The brewpub operator has completed a rights issue to fund its next stage of growth, and reported £16.7m in turnover for FY23 despite ‘mixed progress’ during the year
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NewsWetherspoons reports record sales figures
A recovery in sales and profits has continued in the current financial year, with sales per pub approximately 21% higher than pre-pandemic levels, chairman Tim Martin said
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NewsLoungers achieves record year of sales, profits and openings
The Lounge, Cosy Club, and Brightside operator reported industry-leading like-for-like sales growth of 7.5%, with revenue growing 24.7% year-on-year to £353.5m - demonstrating its target of 665 sites remains a ‘conservative’ one
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NewsHydes reports record turnover growth
The Salford-based brewer and pub operator reported record turnover of £39.3m for 2024, up £5m on the previous year
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NewsBrand strength and customer proposition driving hospitality investment
At MCA’s Pub Conference, partner at Piper Private Equity, Yasha Estraikh said the bar is high for new hospitality concepts, with plans to make “one or two” investments in the sector