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By M&C Report team2008-07-24T07:51:00+01:00
Admiral Taverns has achieved an underlying operating profit of £11.1m, down from £17.2m in 2019, for the 52 weeks to 30 May 2020.
Proposals to give pubs the power to deny customers access based on vaccine passports have been described as a “unworkable” by UKHospitality.
Loungers chairman Alex Reilley is hopeful that with falling infection numbers, there will be growing calls for an acceleration of the reopening roadmap.
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.
Revolution Bars Group is looking to expand its portfolio of brands from two to four, in order to capitalise on property opportunities post-pandemic, chief executive Rob Pitcher has told MCA.
Revolution Bars Group has secured a further £3.5m CLBILS, while its bank NatWest agreed to waive £2m of amortisation scheduled for September 2021, taking its total available facilities to £40.3m.
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