Sales growth for Spirit on successful demerger March 15, 2012 SPIRIT Pub Company said yesterday it was on track to meet its full year expectations as sales at its managed pubs grew 5.6 per cent in its second quarter. Drink sales were up 5.2 per cent, while food sales led the way with 7.2 per cent growth during the period. Spirit, which operates about 800 [...]
Marston’s up despite fears over Budget March 14, 2012 PUB operator Marston’s reported solid trading yesterday despite a tough period for the leisure sector and said it was looking ahead to a strong 2012. Like for like sales over the last 23 weeks were up 3.5 per cent on last year at the British brewer – which has 2,150 outlets across the country – [...]
Marston’s sales lifted by healthy pub food figures October 5, 2011 PUB chain Marston’s reported a sales rise yesterday, fuelled by the performance of its meal deals. The company said its “lunch for a fiver” offer and a free drink with a sandwich order helped the group improve its managed pubs food sales by five per cent in the year to the end of September. Including [...]
Weatherspoon blames tax as expansion plans cut March 9, 2012 British pubs operator JD Wetherspoon said it would cut back expansion plans, blaming a harsh tax regime for exacerbating tough trading conditions, and was cautious about prospects for the second half following a decline in sales. The company, which has over 800 pubs across Britain, said it would scale back new openings to 40 pubs [...]
Weatherspoon blames tax as expansion plans cut March 9, 2012 British pubs operator JD Wetherspoon said it would cut back expansion plans, blaming a harsh tax regime for exacerbating tough trading conditions, and was cautious about prospects for the second half following a decline in sales. The company, which has over 800 pubs across Britain, said it would scale back new openings to 40 pubs [...]
A right royal coronation for the next generation of Pearly kings April 15, 2012 DESCENDANTS of one of the original families to adopt the tradition will be among those crowned as Pearly kings and queens next month. The new royalty of the City of London, the City of Westminster and the London boroughs will be crowned at the Carpenters Arms, a classic East End pub, on 6 May. The [...]
A right royal coronation for the next generation of Pearly kings April 15, 2012 DESCENDANTS of one of the original families to adopt the tradition will be among those crowned as Pearly kings and queens next month. The new royalty of the City of London, the City of Westminster and the London boroughs will be crowned at the Carpenters Arms, a classic East End pub, on 6 May. The [...]
BEST OF THE BROKERS March 11, 2012 JD WETHERSPOON N+1 Brewin has cut its rating of the pub chain from “hold” to “reduce” with a lowered target price of 375p, down from 443p, in reaction to what it calls “a mild profit warning” in the firm’s results on Friday. The broker has also pared back its forecasts for new openings of Wetherspoon [...]
Mother’s Day boosts takings at Greene King April 23, 2012 RECENT calendar highlights boosted Greene King as strong sales on Valentine’s Day, Mother’s Day and St Patrick’s Day drove business up 4.5 per cent in the quarter. The pub operator said it sold 220,000 meals on Mothering Sunday, a 16 per cent increase on 2011 with wine sales up 18 per cent. Greene King chief [...]
Mother’s Day boosts takings at Greene King April 23, 2012 RECENT calendar highlights boosted Greene King as strong sales on Valentine’s Day, Mother’s Day and St Patrick’s Day drove business up 4.5 per cent in the quarter. The pub operator said it sold 220,000 meals on Mothering Sunday, a 16 per cent increase on 2011 with wine sales up 18 per cent. Greene King chief [...]