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AB InBev sees UK volumes rise 3.9%

Thu, 12 Nov 2009 12:22:00 GMT

AB InBev, the world’s largest brewer, has reported a 3.9% increase in UK volumes in the third quarter following double digit growth of its three flagship brands.

Fat Cat Cafe Bars turnover rises to £8.83m

Thu, 12 Nov 2009 10:00:00 GMT

Fat Cat Cafe Bars has reported an increase in turnover to £8.83m in the year to 28 February 2009.

Eclectic Bars reports profit boost

Mon, 09 Nov 2009 07:31:00 GMT

Eclectic Bars has reported total sales for the 12 months to the end of June 2009 up 19% on last year.

Doom Bar buoys Sharp's

Fri, 06 Nov 2009 07:33:00 GMT

Cornish brewery Sharp’s saw turnover growth of 36% in 2008 driven principally by a “tremendous demand” for its Doom Bar brand.

Sales flat at JD Wetherspoon

Wed, 04 Nov 2009 07:34:00 GMT

JD Wetherspoon has reported a small increase in like-for-like sales for the 13 weeks to 25 October.

Barracuda: ‘new pub openings unlikely’

Fri, 30 Oct 2009 07:01:00 GMT

Managed operator Barracuda, led by Mark McQuater, has indicated that new openings are unlikely in the short term, given market conditions.

Heineken: beer volumes up in UK

Wed, 28 Oct 2009 08:43:00 GMT

Heineken has reported its beer volumes are improving in the UK market and it has increased its market share in beer and cider to around 29%.

Pubco shares rise after OFT report

Fri, 23 Oct 2009 07:34:00 GMT

The country's two biggest tenanted and leased operators saw share prices rise yesterday after the OFT delivered its report on the beer tie.

Luminar: sales down 14% in seven weeks to mid-October

Thu, 22 Oct 2009 07:59:00 GMT

Nightclub company Luminar has reported it is focus on very tight cost control in the current tough market.

Brulines: beer flow equipment more important than ever

Wed, 21 Oct 2009 08:14:00 GMT

Beer flow monitoring company Brulines believes its products will become more important than ever before in a challenging trading environment.

Regent completes pre-pack administration

Wed, 21 Oct 2009 08:02:00 GMT

Regent Inns has gone through a pre-pack administration with 60 sites emerging in a new company, Intertain, led by previous management.

Be At One group sales rise by 37%

Tue, 20 Oct 2009 06:29:00 GMT

Nine-strong bar group Be At One has reported six month like-for-like sales growth from £2.32m to £2.69m.

SAB Miller: UK volumes on the rise

Thu, 15 Oct 2009 11:52:00 GMT

SABMiller, the brewing giant, reported a 15% rise in first half 2009 like-for-like volumes in the UK, but saw overall lager volumes fall 1% on an organic basis.

Marston's: 30 hosts sign up for new "Advance" agreement

Thu, 15 Oct 2009 11:44:00 GMT

Marston’s has reported that 30 tenants out of a group of 60 licensees offered one of its “Advance” leases has taken up the offer.

Britvic posts 2.5% on-trade decline

Thu, 15 Oct 2009 09:47:00 GMT

Britvic, the soft drinks maker and distributor, has this morning reported a 2.5% decline in licensed on-trade volumes for the year to July.

Marston's: we're trading in line with expectations

Thu, 15 Oct 2009 07:44:00 GMT

Earnings at brewer and pub operator Marston's for the year will be in line with expectations, the company said in a pre-close statement.

Resilient trade at Nexum Leisure

Wed, 14 Oct 2009 01:48:00 GMT

Nightclub operator Nexum Leisure has reported a like-for-like sales drop of 1.3% for the six months to the end of September.

Net sales down 6% at Diageo

Wed, 14 Oct 2009 09:50:00 GMT

Drinks giant Diageo has reported organic net sales down 6% on last year for the three months to September 2009.

Analyst: Punch could return to paying dividends next year

Wed, 14 Oct 2009 08:30:00 GMT

Punch Taverns could return to paying dividends next year, analyst Douglas Jack, of Numis Securities, has forecast.

Punch takes £663m hit on pub estate value

Wed, 14 Oct 2009 07:48:00 GMT

Punch Taverns has taken a £663m write-down on the value of its leased and managed pub estate. The pubco recognised impairment losses of £483.4m in its leased estate and £179.7m in its managed estate.

Booker reports strong sales growth

Tue, 13 Oct 2009 09:07:00 GMT

Booker, the UK’s leading food & drink wholesaler, has increased its like-for-like sales to catering customers by 12.6% for the 24 weeks to 11th September 2009, driven by a continued focus on choice, price and service.

'Robust' trading at Whitbread

Tue, 13 Oct 2009 08:49:00 GMT

Whitbread has reported that its 400 or so pub restaurants have continued to deliver a “robust performance as customers appreciate its value propositions”.

Big profit rise for Inventive Leisure

Thu, 08 Oct 2009 03:00:00 GMT

Revolution vodka bar chain Inventive Leisure has reported a large increase in pre-tax profit for the year to 30 June.

Magners volumes in the UK stabilise

Thu, 08 Oct 2009 07:00:00 GMT

Magners producer C&C Group has reported that its UK volumes are stabilising with a fall of just 2% in the six months ended 31 August.

Profits slide at Shepherd Neame

Wed, 07 Oct 2009 07:49:00 GMT

Shepherd Neame has reported a 24.6% drop in operating profit as it faced “one of the most challenging and difficult years”.

Regent Inns eyes pre-pack

Wed, 07 Oct 2009 07:47:00 GMT

Regent Inns, the troubled bar operator, is thought to be considering some form of financial restructuring — possibly a pre-pack administration.

Colliers CRE announces re-financing deal

Tue, 06 Oct 2009 09:07:00 GMT

Pub sales agent Colliers CRE plans to raise £20m through a share issue to supplement £8.9m raised from a private equity group.

Robinsons reports 'perfect storm' clips profits

Mon, 05 Oct 2009 07:49:00 GMT

North-west brewer Robinsons has reported a steep drop in profit after experiencing a "perfect storm" of adverse conditions.

Hall & Woodhouse reports "difficult" year

Tue, 29 Sep 2009 11:19:00 GMT

Brewer and pub retailer Hall & Woodhouse has reported a “difficult year” in which the industry was hit by recession and poor summer weather.

Enterprise: OFT doing a thorough job

Tue, 29 Sep 2009 10:44:00 GMT

Enterprise Ted Tuppen reports that the Office of Fair Trading is undertaking “very thorough analysis” of the pub sector.

Enterprise targets £200m at pub auctions

Tue, 29 Sep 2009 10:27:00 GMT

Enterprise Inns could raise as much as £200m by selling the freeholds of 100 pubs at public auctions, if an auction trial this month is successful.

Enterprise: rate of pub failures slowing

Tue, 29 Sep 2009 07:30:00 GMT

The rate of business failures in the Enterprise Inns estate is “slowing” with the amount of financial help required from the pubco also reducing.

Pubs ‘n’ Bars sees 3.05% fall in turnover

Mon, 28 Sep 2009 12:34:00 GMT

Pubs ‘n’ Bars, the Aim-listed pub operator, has reported a 3.05% decline in like-for-like turnover for the six months to the end of June.

Globe pub estate sees £200m writedown

Mon, 28 Sep 2009 07:48:00 GMT

Globe Pub Company saw an impairment charge of £199.1m in the value of its pubs in the year to 31 May 2008.

Luminar warns on profits after September

Fri, 25 Sep 2009 07:21:00 GMT

Nightclub company Luminar has reported a "significant risk" it will not meet profit forecasts for its current year, which ends on 25 February 2010.

London Town: revenues broadly unchanged

Fri, 25 Sep 2009 07:11:00 GMT

London Town, the AIM-listed pub operator, London Town has reported revenues for the six months to 28 June are "broadly unchanged".

M&B warns on 'uncertain' consumer spending

Thu, 24 Sep 2009 07:24:00 GMT

M&B has warned the outlook for consumer spending is “uncertain” because of rising unemployment and the scheduled VAT rise.

Punch pays back more debt

Wed, 23 Sep 2009 07:16:00 GMT

Punch Taverns has repurchased another chunk of its convertible bonds via a series of market transactions.

Micro-brewer records 83% jump in takings

Tue, 22 Sep 2009 12:52:00 GMT

Warwickshire based brewer Purity has recorded an 83% increase in turnover as it doubled the number of pubs it supplied.

Liberation Group reports strong first year

Tue, 22 Sep 2009 09:14:00 GMT

The largest pub and drinks group in the Channels Islands, Liberation Group, has reported a strong year of trading.

Rescue plan for Helena Leisure

Fri, 18 Sep 2009 07:00:00 GMT

Helena Leisure, the troubled bar and nightclub operator, has been rescued through a company voluntary arrangement.

Profit down 13% at Wadworth

Fri, 04 Sep 2009 10:06:00 GMT

Devizes-based Wadworth saw a 1% drop in turnover to £49.609m in its most recent year to 30 September 2008.

Operating profit up 21% at Pernod Ricard

Thu, 03 Sep 2009 09:31:00 GMT

Pernod Ricard, the French spirits group, has this morning revealed a 21% jump in operating profit for the year ended June 30 2009.

Batemans grows its sales

Thu, 27 Aug 2009 11:31:00 GMT

Lincolnshire brewer and pub retailer Batemans has reported an 8% increase in barrelage in its most recent year to just over 30,000 barrels.

Bar Room Bar’s £16m debt

Thu, 27 Aug 2009 11:01:00 GMT

Bar Room Bar is set to leave creditors out of pocket by around £16m, a report by administrator Zolfo Cooper indicates.

Input costs hurt Taylor

Thu, 27 Aug 2009 10:31:00 GMT

Timothy Taylor, the company that brews Madonna’s favourite tipple, Landlord, has reported an increase in turnover but a drop in profit.

Diageo: earnings up in challenging year

Thu, 27 Aug 2009 08:00:00 GMT

Drinks giant Diageo, whose brands include Guinness and Smirnoff vodka, has reported a 10% rise in annual earnings despite a challenging year. In Britain, net sales were up 2% driven by strong spirits and wine performance.

Debt-for-equity swap likely at Admiral

Wed, 26 Aug 2009 08:30:00 GMT

Lloyds Banking Group is likely to swap its debt in Admiral Taverns for equity, according to Companies House documents filed several months late by the tenanted pub company. Admiral has debts of £855m with Lloyds.

Heineken: UK beer market tough

Wed, 26 Aug 2009 07:58:00 GMT

The UK beer market remains “tough” with Heineken reporting beer volumes down 6% to 22m hectolitres in the fist half of 2009.

Punch shares soar after debt reduction

Wed, 26 Aug 2009 07:11:00 GMT

Punch shares rose 22% to 130.9p yesterday, following the news it had reduced its net debt by £1bn or 23%.

Punch clears £1bn worth of net debt

Tue, 25 Aug 2009 07:32:00 GMT

Punch Taverns has reduced its net debt by £1bn or 23% since the beginning of the year, chiefly due to raising £400m through pub disposals.

Adnams reports much-improved six months trading

Fri, 21 Aug 2009 08:39:00 GMT

Suffolk brewer and pub retailer Adnams has reported a "much-improved" first six months of trading.

Value deals help pub chains stay ahead

Mon, 17 Aug 2009 07:52:00 GMT

Leading pub and restaurant chains are trading positively thanks to an increased spend on marketing and promotions.

Black hole in WSTA accounts

Fri, 14 Aug 2009 02:09:00 GMT

The Wine & Spirit Trade Association has launched an investigation after it discovered a black hole in its accounts.

AB Inbev wins market share in the UK

Thu, 13 Aug 2009 08:14:00 GMT

Stella Artois brewer AB Inbev has reported that it has won market share in the United Kingdom.

Camerons trebles brewing capacity

Wed, 12 Aug 2009 11:04:00 GMT

North-east brewer and retailer Camerons is hoping to have achieved its plan of boosting sales from £50m to £70m by the end of the year after almost trebling its brewing capacity and increasing its estate.

Carlsberg: UK beer market challenging

Wed, 05 Aug 2009 07:24:00 GMT

The UK beer market remains “challenging”, according to Danish brewing giant Carlsberg in its half year results.

Trading 'resilient' at Marston's

Tue, 04 Aug 2009 07:26:00 GMT

Marston’s has reported a “resilient” performance with further improvement since the end of the first half year on 4 April, despite the recent wet weather.

Cobra Beer's creditors owed £71m

Mon, 03 Aug 2009 07:52:00 GMT

A total of 340 unsecured creditors will be left owed a total of £71,741,912 as a result of the collapse of Cobra Beer.

Woodforde's trebles production in 10 years

Thu, 30 Jul 2009 02:48:00 GMT

Norfolk brewery Woodforde’s is celebrating the tenth anniversary and has almost trebled production in the past decade.

Hydes bounces back from weak 2008

Tue, 28 Jul 2009 08:05:00 GMT

Manchester-based brewer and retailer Hydes has reported a strong first quarter helped by warm weather.

Beer volumes down 10% in May

Fri, 24 Jul 2009 12:30:00 GMT

Brewers and pub companies must work harder to ensure on-trade beer prices are attractive enough to tempt consumers out of their homes

Britvic reports "particularly strong" trading

Tue, 14 Jul 2009 09:30:00 GMT

Britvic has unveiled “particularly strong trading” throughout its third and fourth quarter.

Magners corrects revenue figures

Mon, 13 Jul 2009 02:34:00 GMT

Shares in Magners cider maker C&C slid 10% today after the firm admitted it had issued incorrect revenue figures.

Magners volumes dip 4%

Fri, 10 Jul 2009 02:55:00 GMT

Magners cider volumes have begun to stabilise in Great Britain but are still down 4% on last year for the four months to 30 June.

Brulines: we offer transparency

Thu, 09 Jul 2009 12:09:00 GMT

Beer flow monitoring equipment will continue to be in "strong demand" because of the transparency it offers operators, says Brulines.

Booker boosted by weather

Thu, 09 Jul 2009 10:28:00 GMT

Sales at wholesaler Bookers have been boosted as pubs take advantage of their cheap deals on food.

Punch receives £3.9m of bonds tendered for sale

Wed, 08 Jul 2009 06:22:00 GMT

Punch Taverns has announced that holders of £3.9m of its 2010 convertible bonds have offered to tender their bonds back.

Anand: pragmatic view on bottom-end pubs

Thu, 02 Jul 2009 04:29:00 GMT

Greene King has found solutions for more than 25% of the 400 tenanted pubs contained within its turn-around Independence Pub Company division.

Greene King 'cautiously optimistic'

Thu, 02 Jul 2009 10:28:00 GMT

Greene King is looking forward with “cautious optimism” after a 1.3% rise in revenue to £942.3m for the 52 weeks to 3 May.

Profit fall for Thwaites

Thu, 02 Jul 2009 10:01:00 GMT

Daniel Thwaites, the Lancashire-based brewer and pub operator, suffered a 10% drop in net profit before tax to £9m last year.

Food & Fuel turnover up

Thu, 02 Jul 2009 10:00:00 GMT

Food & Fuel, the 10-strong London gastropub operator led by Karen Jones, has reported a doubling of turnover.

London Town reports £24.7m loss

Wed, 01 Jul 2009 08:14:00 GMT

Tenanted and leased operator London Town Taverns made a loss of £24.7m last year and is in breach of its bank loans.

Eclectic Bars reports strong year

Tue, 30 Jun 2009 03:01:00 GMT

Eclectic Bars has reported total sales for the 11 months to the end of May 2009 were up 20% on last year and up 12% on a like-for-like basis.

Analyst: Marston's to receive £18m new-build boost

Tue, 30 Jun 2009 02:24:00 GMT

Marston’s should be able to open between 20 and 25 new-build pubs per annum after ear-marking £140m, says an analyst.

Pubs 'n' Bars breaches banking covenants

Tue, 30 Jun 2009 01:37:00 GMT

The 106-strong Pubs ‘N’ Bars group has breached its banking covenants

Capital reports strong trading

Tue, 30 Jun 2009 08:28:00 GMT

Capital Pub Company has reported a 7% increase in pre-tax profit to £2.1m on turnover up 5% to £19.8m.

Dark Star Scotland in administration

Mon, 29 Jun 2009 11:41:00 GMT

One of Scotland’s largest bar, restaurant and hotel businesses, Dark Star Scotland, has been placed in administration.

Globe: re-opening pubs harder and harder

Mon, 29 Jun 2009 10:00:00 GMT

Globe Pub Company has stated that it is becoming increasingly difficult to re-open closed pubs.

Managed branded pubs trading well

Tue, 23 Jun 2009 07:16:00 GMT

Established managed, branded pub and restaurant chains are holding off stiff competition from supermarkets and tightening consumer spending.

Sir John Fitzgerald pub profits stay depressed

Fri, 19 Jun 2009 10:20:00 GMT

North-east pub operator Sir John Fitzgerald has reported smaller profits on flat turnover in its most recent financial year.

Globe defaults on covenants for second quarter

Thu, 18 Jun 2009 04:11:00 GMT

Globe Pub Company bond holders have been told that the company has had to grant rent concessions to another 11 hosts

Marston's to raise £176m to fund new pubs

Thu, 18 Jun 2009 07:51:00 GMT

Brewer and pub operator Marston’s hopes to raise £176m through the issue of 299m new shares to fund the opening of around 30 new build pubs. The company will use approximately £140m of the money to acquire and develop new build pubs.

Punch Taverns directors increase stake in pubco

Wed, 17 Jun 2009 06:56:00 GMT

Punch's managing directors of both its managed and tenanted division have acquired 14,287 shares in the company.

Regents Inns confirms de-listing

Tue, 16 Jun 2009 07:01:00 GMT

Embattled Walkabout operator Regent Inns has confirmed it has now de-listed from the stock exchange.

Punch Taverns shares down 30%

Tue, 16 Jun 2009 06:58:00 GMT

Punch Taverns and Enterprise Inns — Britain's two biggest pubcos — were the biggest fallers on the stock exchange yesterday.

Punch Taverns raises £375m

Mon, 15 Jun 2009 04:01:00 GMT

Punch Taverns has confirmed the successful raising of £375m through the issue of new shares.

Thorley: 300 hosts lined up to buy pubs

Mon, 15 Jun 2009 10:09:00 GMT

The number of individual Punch licensees who end up buying their pub is likely to end up well in excess of 300. This morning, Punch said there were around 300 deals either complete or going through legals.

Lloyds looking for equity investor in Admiral Taverns

Mon, 15 Jun 2009 08:40:00 GMT

Lloyds Bank has been looking for a new equity investor to take a stake in Admiral Taverns, the tenanted pub operator.

Punch: leased and managed divisions stable

Mon, 15 Jun 2009 07:24:00 GMT

Punch Taverns has reported that it has stabilised performance in both its leased and managed division for the 40 weeks to 30 May.

Brulines working with Trading Standards

Tue, 09 Jun 2009 07:59:00 GMT

Brulines is working with Trading Standards to establish steps to improve the calibration of its equipment.

Turner: beer tie inquiry hugely damaging

Fri, 05 Jun 2009 01:42:00 GMT

Fuller’s chairman Michael Turner has warned of the negative consequences of a referral of the beer tie to the Competition Commission.

Fuller's reports solid results

Fri, 05 Jun 2009 07:33:00 GMT

London brewer and retailer Fuller’s has reported solid full-year results with profit before tax down just 1% to £22.8m.

Young’s snares customers with use of web

Thu, 04 Jun 2009 10:00:00 GMT

A sophisticated digital strategy at London retailer Young’s is helping to drive managed division sales.

Young's reports a £10.7m write down in pub values

Thu, 28 May 2009 09:50:00 GMT

The London brewer and pub operator announces a 64% drop in pre-tax profits, after a £10.7m write down against the value of some of its pubs.

Marston's reports 'resilient' performance

Fri, 22 May 2009 07:27:00 GMT

Marston’s, the brewer and retailer, has revealed a resilient performance with underlying profits down 9.9% on last year to £65.4m in the 26 weeks ending on 4 April.

Greene King pays off £22.1m chunk of debt

Thu, 21 May 2009 07:58:00 GMT

Brewer and operator Greene King has bought back £22.1m worth of debt bonds at a cost of around £11.3m.

Clarke quits M&B over further hedge losses

Thu, 21 May 2009 07:12:00 GMT

Mitchells & Butlers boss Tim Clarke has resigned from the company after it was forced to pay another £96m pre-tax to settle a disastrous hedge swap.

St Austell sales up 25%

Fri, 15 May 2009 08:38:00 GMT

Cornish brewer St Austell has broken its own records by reporting a 25% increase in sales of its beers for the year to date.

Regent de-listing plans approved

Fri, 15 May 2009 08:31:00 GMT

Shareholders at embattled Walkabout operator Regent Inns have approved plans to delist the company.