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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.

Spirit bouncebacks are costing Punch

Thu, 14 May 2009 02:22:00 GMT

The challenge of turning around Spirit, Punch’s managed division, could be made harder by the problem of additional reversionary leases.

3D write down hits Luminar Leisure

Thu, 14 May 2009 07:54:00 GMT

Late night operator has reported a post-tax loss of £21.5m for the year after writing down the value of its investment in 3D Entertainment.

Absolute Leisure calls in administrators

Mon, 11 May 2009 07:55:00 GMT

Newcastle-based operator Absolute Leisure, which owns the Tuxedo Princess, has called in administrators.

PBR creditor threatens winding up order

Fri, 08 May 2009 07:45:00 GMT

A property firm owed more than £250,000 by Premium Bars & Restaurants is threatening to seek a winding up order against the group.

Sales flat at drinks giant Diageo

Thu, 07 May 2009 07:34:00 GMT

Drinks giant Diageo has reported flat sales for the nine months to 31 March on last year.

Barnsley House Hotel falls into administration

Wed, 06 May 2009 11:37:00 GMT

The Barnsley House Hotel group, which operates the Village and Catherine Wheel pubs, has gone into administration.

Carlsberg: organic volumes down 8% in Europe

Wed, 06 May 2009 09:49:00 GMT

Carlsberg saw organic beer volumes drop by 8% in northern and western Europe for the three months to 31 March.

Sales drop at The Restaurant Group

Wed, 06 May 2009 08:44:00 GMT

The Restaurant Group (TRG) has reported a 3% drop in like-for-like sales on last year for the first 18 weeks of the year.

JD Wetherspoon: trading resilient

Wed, 06 May 2009 07:01:00 GMT

JD Wetherspoon recorded a like-for-like sales increase of 0.5% for the 13 weeks to 26 April and is now “slightly more positive” about its prospects.

Budvar UK sales up 5% in April

Wed, 06 May 2009 06:44:00 GMT

Budvar UK has reported a 5% increase in sales for April on last year, thanks to the good weather.

Premium Bars records £21.4m loss

Tue, 05 May 2009 03:06:00 GMT

Troubled operator Premium Bars and Restaurants (PBR) recorded a pre-tax loss of £21.4m for the year to 30 June 2008.

Pub agent Caldicott Payne ceases trading

Tue, 05 May 2009 12:36:00 GMT

Somerset-based licensed leisure property agent Caldicott Payne has ceased trading, due to tough market conditions.

Acorn Brewery boasts record sales

Tue, 05 May 2009 07:41:00 GMT

Sales at Barnsley-based Acorn Brewery increased by 22% in March on last year, as it took full advantage of National Cask Ale Week.

Thwaites’ ‘value’ division

Thu, 30 Apr 2009 12:03:00 GMT

Northern brewer Daniel Thwaites has launched an experimental pubs division aimed at boosting business in some of the lowest volume sites.

Punch Taverns: trading has stabilised

Wed, 29 Apr 2009 07:32:00 GMT

Punch Taverns has reported that trading has stabilised in its leased and managed divisions.

Beer sales slump 8.2% in first quarter

Tue, 28 Apr 2009 07:00:00 GMT

Beer sales fell by 8.2% in the first quarter of 2009 on last year — the biggest drop in since 1997. A staggering 3.6m fewer pints are being drunk each day than 10 years ago.

Bar Room Bar placed in administration

Mon, 27 Apr 2009 08:51:00 GMT

Birmingham-based Bar Room Bar, which operates 13 sites, has been placed into administration after suffering cash-flow difficulties.

Regent confirms delisting discussions

Mon, 27 Apr 2009 08:19:00 GMT

Regent Inns, the embattled operator of Walkabout bars and Jongleurs comedy clubs, has confirmed it is considering delisting the company.

Guinness Peat attacks Adnams performance

Fri, 24 Apr 2009 11:50:00 GMT

Suffolk brewer and retailer Adnams has been criticised by one of its shareholders for the way it has expanded the business over recent years, including the launch of its Cellar & Kitchen retail chain.

Profits slide at Thorley

Thu, 23 Apr 2009 12:32:00 GMT

Thorley Taverns, the Kent-based managed operator, has seen profit before tax plunge in its most recent year, amid “difficult” trading conditions.

Geronimo loss hits £2.3m

Thu, 23 Apr 2009 12:28:00 GMT

Geronimo Inns, the London-based gastropub operator, has reported a big loss in the year to 30 June 2008, after a property impairment charge.

Cognetas’s Novus stake set to slide

Fri, 17 Apr 2009 08:01:00 GMT

Private equity company Cognetas is set to have its equity investment in Novus Leisure rendered worthless under restructuring plans.

Britvic refinance: good news for pubs

Fri, 17 Apr 2009 07:01:00 GMT

A leading leisure analyst has described the news of Britvic’s successful refinancing as positive news for pub groups.

SAV Pubs goes through pre-pack

Thu, 16 Apr 2009 12:44:00 GMT

Four-strong SAV Pubs is the latest company to undergo a pre-pack administration.

Two Bar Sport sites closed

Thu, 09 Apr 2009 10:18:00 GMT

Two of sport bar operator Bar Sport’s four sites have been closed by the administrator after no buyer was found for them.

Still no SFI auditor payout

Thu, 09 Apr 2009 10:01:00 GMT

Shareholders in collapsed Slug & Lettuce operator SFI Group are still waiting for a pay-out nearly two years after the company’s former auditor paid £6m to end a legal dispute.

Brulines trading in line with expectations

Thu, 09 Apr 2009 09:13:00 GMT

Brulines has remained unaffected by beer duty increases, parliamentary inquiries and the general economic downturn.

Profits down at Adnams

Mon, 06 Apr 2009 07:47:00 GMT

Suffolk brewer and pub operator Adnams experienced a 63% drop in operating profits as the economic decline hit — and warned things may get worse in 2009.

Inventive: food up but overall ‘tough’

Thu, 02 Apr 2009 11:56:00 GMT

Revolution vodka bar operator Inventive Leisure has reported a “tough” first quarter in 2009.

PBR delays trading update

Wed, 01 Apr 2009 10:07:00 GMT

Premium Bars & Restaurants is to delay announcing its interim results for the six months to 28 December.

Enterprise: pubs trading remarkably well

Tue, 31 Mar 2009 07:41:00 GMT

The majority of Enterprise pubs are trading “remarkably well” despite the "unprecedented" trading conditions, the pubco has reported.

Globe reports sharp rise in closed pubs

Mon, 30 Mar 2009 09:07:00 GMT

Globe Pub Company, the tenanted operator of 429 pubs owned by Robert Tchenguiz, has reported a sharp rise in closed pubs as a result of the “tough operating environment”

3D unveils losses of £12m

Fri, 27 Mar 2009 07:00:00 GMT

Latest accounts from 3D Entertainment, the nightclub business spun out of Luminar, reveal losses in its most recent year of £12.1m.

Shepherd Neame hit by rising costs

Tue, 24 Mar 2009 09:32:00 GMT

Kent based brewer and operator Shepherd Neame has reported a 7.2% increase in turnover for the six months to 27 December 2008 but profits were hit by rising costs and declining consumer confidence.

Luminar vows to continue promotions

Fri, 20 Mar 2009 09:08:00 GMT

Nightclub operator Luminar says it will continue with its promotions amid the economic downturn.

A-B InBev volumes drop 2.7% in UK

Thu, 05 Mar 2009 10:55:00 GMT

Anheuser-Busch InBev recorded a volume drop of 2.7% over the last year.

Sales up at The Restaurant Group

Wed, 04 Mar 2009 07:36:00 GMT

The Restaurant Group has reported a 1.5% uplift in like-for-like sales across its 354 restaurants and pubs for the year ended 28 December.

Magners sales drop 23%

Tue, 03 Mar 2009 10:10:00 GMT

Sales of Magners in Britain are expected to have fallen 23% over the last year, producers C&C Group said today.

Sales start to slow at Whitbread

Mon, 02 Mar 2009 07:11:00 GMT

Whitbread’s pub restaurants reported a 0.9% drop in like-for-like sales on last year’s fourth quarter trading as sales started to slow.

Major pub players see rise in eating out

Tue, 24 Feb 2009 07:57:00 GMT

Consumers are continuing to eat and drink out but pub and restaurant chains are having to work extra hard to get customers through the door.

Heineken writes down £45m off pub estate

Wed, 18 Feb 2009 09:12:00 GMT

Heineken has written down around £45m (€51m) off the value of its 2,000-strong pub estate in Britain due to “exceptional economic circumstances”.

Carlsberg: UK beer market severely hit

Wed, 18 Feb 2009 08:13:00 GMT

Danish brewer Carlsberg has warned the UK beer market has been “severely hit by sharp declines in consumption driven by the on-trade”.

Guinness volumes down 8% in Britain

Thu, 12 Feb 2009 08:42:00 GMT

Guinness volumes fell 8% in Great Britain during the six months to 31 December with net sales down 2% on last year, Diageo has reported.

Budvar bucks downturn

Wed, 11 Feb 2009 11:23:00 GMT

Czech brewery Budweiser Budvar has bucked the economic downturn by boosting its annual production by 4.5% in 2008.

Vimac posts £3.3m loss

Tue, 10 Feb 2009 12:46:00 GMT

Vimac, the north-east operator of gastro-pubs and nightclubs, has reported a loss before tax of £3.3m in the 52 weeks to 29 March 2008.

Management firm doubles turnover as pub failures increase

Tue, 10 Feb 2009 10:15:00 GMT

A company, set up in 2007, that help tenanted pub companies keep pubs open is set to double turnover to £17m as pub failure rates increase.

GlassHouse undergoes pre-pack

Mon, 09 Feb 2009 02:17:00 GMT

GlassHouse, the 12-strong pub company run by Peter Linacre, has undergone a pre-pack administration.

Skinners’ success strategy

Fri, 06 Feb 2009 07:00:00 GMT

Truro-based Skinners Brewery is gearing up for further success, with a strengthened management team and a new nationwide sales drive.

Trust Inns value drops

Thu, 05 Feb 2009 10:13:00 GMT

Trust Inns, the tenanted company with around 600 pubs owned by Trevor Hemmings, has taken a £27.5m writedown to the value of its estate.

Cobra Beer: volumes up 28%

Tue, 03 Feb 2009 09:48:00 GMT

Cobra Beer saw its volumes increase by 28% for the three months to 31 January on last year.

Convivial cuts costs as sales increase

Tue, 03 Feb 2009 07:00:00 GMT

Like-for-like sales at the eight-strong Convivial London Pubs company rose 0.1% for the 17 weeks to 24 January.

Leased pubs: value gap passed tipping point

Thu, 29 Jan 2009 04:20:00 GMT

Mitchells & Butlers boss Tim Clarke has claimed the on-trade drinks market has passed a “tipping point” in the value gap between managed and tenanted operators.

Fuller's: Chancellor must dump duty escalator

Thu, 29 Jan 2009 08:00:00 GMT

Fuller’s claims last year’s 17.8% rise in duty has had a “devastating” effect on the pub industry.

M&B: value offers lift sales 1%

Thu, 29 Jan 2009 07:45:00 GMT

Mitchells & Butlers pubs appear to be weathering the storm as it announced a 1% rise in like-for-like sales for the 17 weeks to 24 January— chiefly driven by its value food offers and a rise in cask ale volumes.

GK warns of extreme trading conditions

Wed, 28 Jan 2009 07:09:00 GMT

Greene King has reported that the “health measures” of its tenants remain broadly unchanged despite warning that they face “the most extreme trading conditions” ever seen.

Adnams warns on 2008 profits

Tue, 27 Jan 2009 11:02:00 GMT

Suffolk brewer and retailer Adnams has warned that its 2008 profits would be “substantially” lower than 2007 due to falling sales.

Nexum boosted by bumper festive season

Fri, 23 Jan 2009 09:27:00 GMT

Nightclub operator Nexum Leisure has revealed that like-for-like sales at its core estate have increased by 6%.

Marston's: profits down 6% at leased pubs

Fri, 23 Jan 2009 07:16:00 GMT

Like-for-like profits at Marston’s tenanted and leased pubs slumped 6% on last year for the 15 weeks to 17 January — but brewer and operator is helping tenants by absorbing wholesale beer price rises.

Tuppen: rise of cheap pub drinks disappointing

Thu, 22 Jan 2009 07:29:00 GMT

Enterprise Inns boss Ted Tuppen has slammed the rise of cheap drinks deals in the on-trade, such as JD Wetherspoon’s 99p a pint deal.

Enterprise: net income down 8% per pub

Thu, 22 Jan 2009 07:01:00 GMT

Enterprise’s net income per pub is down an average of 8% on a like-for-like basis for the sixteen weeks to 17 January.

Moorhouse's announces record festive beer sales

Wed, 21 Jan 2009 07:38:00 GMT

Lancashire brewer Moorhouse's has announced record Christmas sales with volumes up a whopping 18% on last year in December.

Festive sales down at Pubs 'n' Bars

Tue, 20 Jan 2009 12:30:00 GMT

The 100-strong Pubs 'n' Bars chain has announced a 0.4% drop in like-for-like sales over the Christmas period.