Brewer and pub operator Adnams has said it is keeping “a weather eye” firmly on the long-term future of its pubs and their tenants, and anticipates pubs returning to paying full rent later this year, provided there are no further regional or national lockdowns.

In an update on the London Stock Exchange this morning, the business said it had continued to support its pub estate through cancelled and reduced rents through the pandemic.

“We are cautiously optimistic that the second half of the year will see some steps back towards normality in the economy leading to customers once again visiting pubs,” said chairman Jonathan Adnams, adding that he anticipates its accommodation led businesses will benefit from reduced foreign travel this year.

Adnams said demand for its products, whether online or take-home remained encouraging across beer, wines and spirits and that its pubs have seen good levels of future bookings for customers to eat and stay in its venues, post 17 May.

“Our work on transforming the business from a digital perspective has continued in the first six months of the year as has our continued training and development of our colleagues. The result of this work is that as we exit the worst of the pandemic, we are better equipped to serve our customers in new and innovative ways long into the future,” added Adnams.

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