By M&C Report team2010-04-15T06:54:00+01:00
JD Wetherspoon’s £93.7m share placement should provide a buffer against the impact of low sales upon reopening, as well as enable it to invest in new sites, as and when opportunities arise. We round-up the thoughts of analysts from Liberum, Peel Hunt and Hargreaves Lansdown on the pub operator’s latest move.
Travel hub operator SSP has simplified its menus by up to 50-60% during the pandemic, which could result in smaller menus remaining post-covid, according to an analysts’ note by Peel Hunt.
Rekom UK CEO Peter Marks has said he would rather “wait a little bit longer” for reopening, than dilute the nature of the business’ offer.
Three in four wet led pubs (74%) are still yet to receive their Christmas grant promised to them at the beginning of December 2020.
Red Oak Taverns, the independent pub operator, has completed the acquisition of three pubs from Reclamation Inns for an undisclosed sum.
Hard-lined landlords refusing to “play ball” in rent negotiations will be remembered by the industry going forward, MCA’s The Conversation has heard.
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