All Pubs articles – Page 5
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NewsMarston’s trading update is welcomed by analysts
Marston’s Q3 trading update has been welcomed by analysts, with Shore Capital describing it as an “encouraging update”, while Singer described it as “highly pleasing.” With limited impact from either cost inflation and pingdemic related labour issues analysts either maintained or upgraded to a buy recommendation.
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NewsMitchells & Butlers experiences ‘volatile’ sales
Mitchells & Butlers is seeing ”signs of improvement” in trading following the easing of restrictions from July 19. Sales have been “volatile” since May 17, experiencing strong sales during the first five weeks, followed by slower than average trading, with city-centre sites most impacted.
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NewsQ2 hospitality spending ‘significantly higher than their pre-Covid levels’
The reopening of hospitality has led to a sharp increase in spending in Q2 2021 according to Deloitte’s Q2 Consumer Tracker. Spending in restaurants and bars has seen its biggest quarterly rise and was now ”significantly higher than their pre-COVID levels”.
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NewsHospitality’s self-isolation omission risks further closures
There is a risk of further venue closures and reduced service as a result of the government’s decision to omit hospitality from its self-isolation exemption list, according to UKHospitality.
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NewsAdmiral Taverns to acquire Hawthorn in £222m deal
Admiral Taverns has reached an agreement to acquire community pub company Hawthorn from parent company NewRiver, for a cash consideration of approximately £222.3m.
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Analysis & InsightDelivery and takeaway sales nearly triple pre-Covid levels
Data from CGA indicates deliveries and takeaways draw more than a third of managed groups’ sales, with June income up 225% compared to June 2019. Volumes of delivery now exceed that of combined takeaways and click and collect orders.
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News‘Cautious optimism’ in pub and restaurant markets
Christie & Co’s Mid-Year Review has reported cautious optimism in pub and restaurant property markets, with demand outstripping supply. Rural, coastal and tourist-led locations are attracting most attention. Within restaurants, the franchise model continues to show strength.
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NewsBrewDog’s online sales growth fails to offset bar closures
BrewDog has reported a pre-tax loss of £13.1m during 2020 despite achieving 10% revenue growth during 2020. The strong growth in online sales was not enough to offset the impact of bar closures.
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NewsFever-Tree boosted by the reopening of hospitality
Fever-Tree has released a half year trading update for the six months to 30 June 2021 with revenue up and ”clear signs of pent-up demand” as hospitality reopens.
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NewsYoung’s trading ‘ahead of expectations’
Young & Co, has released a trading statement covering 13 weeks to July 12 stating trade is close to 2019 levels. Chairman Stephen Goodyear remains optimistic about the current financial year and that balance sheet strength leaves Young’s, ”well-placed to make further investments and generate good returns for the long term”.
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NewsCan nudge, reformulation and wider choice work better than taxes?
One of the suggestions from The National Food Strategy is the raising of taxes on foods with high fat, sugar and salt content. But is nudge, reformulation and wider choice a better approach to encouraging change in consumer behaviour?
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Analysis & InsightDrinking-out boosted by Euros finale, but sales still slow
Latest data from CGA’s Drinks Recovery Tracker suggests that while the Euros tournament has provided some venues with a much-needed lift in sales, social distancing, table service and other restrictions have held back this increase to be below what would have been expected pre-Covid.
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Analysis & InsightGood weather boosts June sales to near 2019 level
Britain’s managed pub, restaurant and bar groups saw sales drop just 1% in June from the same month in 2019, according to the Coffer CGA Business Tracker boosted by good weather.
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NewsHospitality needs sustained support in order to lead the recovery
The latest Future Shock report from CGA and UKHospitality highlights the pandemic’s impact on the sector and analyses the recovery since April’s reopening. A majority of business leaders now feel optimistic about market prospects for the next 12 months, while consumers are increasingly confident about going out.
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NewsRobin Rowland: ‘Wet-led businesses to benefit most from July 19’
Robin Rowland was a guest panelist on this week’s edition of The Conversation. He predicted a gradual return of consumer confidence within indoor environments, stating that wet-led businesses were more likely to benefit from the final stage of easing Covid restrictions.
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NewsFuller’s evolves its customer journey
Fuller’s is taking key learnings from the coronavirus pandemic and is using them to improve both the customer journey and the alfresco dining experience it offers to customers.
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The ConversationVoluntary face masks a ‘welcome step back towards normality’
The latest edition of The Conversation featured discussion around the topic of face masks. Now that face masks are voluntary rather than mandatory, what does this mean for staff and customers alike?
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Analysis & InsightRestrictions drag on drinks sales
Latest data from CGA shows the impact table service, social distancing and limits on group size are having on drink sales in pubs and restaurants.
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NewsGreene King joins work scheme
Greene King will offer 1,000 jobs to young people as part of the government’s Kickstart scheme with vacancies available across the UK from July.
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NewsDrinks sales soar for Euros
Drinks sales in pubs are up 176% since last week driven by football fans watching the Euro 2020 tournament.