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By M&C Report team2011-06-29T08:05:00+01:00
Fuller’s has announced a share placing to raise around £53m, which will strengthen its balance sheet and liquidity position in preparation for a strong reopening.
Apprenticeship funding and youth employment must be protected if training and development of the future hospitality workforce are to be a cornerstone of the country’s economic recovery, sector leaders have said.
Fuller’s finance director Adam Councell has informed the board of his intention to step down from his role at the pub and hotel business.
Upham Group has said it is a strong financial position following the take-up of support offered during the pandemic, including a £1.4m CBIL, and a restructure of its operations, and keen to impress its investors.
Hawthorn CEO Mark Davies has told MCA the “sky’s the limit” for the pub company when it lists as a separate entity.
The strength of the tied model has been validated during the pandemic thanks to the support that pubcos have been able to provide to their tenants, according to Clive Chesser, chief executive of Punch Pubs.
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