Small pubs at risk of closure next year without business rates relief, Fuller’s boss warns Business rates The chief executive of Fuller’s, Simon Emeny, has said that an extension on business rates relief could be the difference between some small pub businesses handing back their keys next year or remaining open. Speaking to City A.M, ahead of the autumn budget next Wednesday, the frontman for the near 200 year old pub business, urged [...]
Fuller’s seeks to shore up cash as Covid burns up to £5m each month Fuller’s seeks to shore up cash as Covid burns up to £5m each month Fuller, Smith & Turner said on Wednesday it received a conditional extension to its debt maturities from its lenders. The extension comes after the British pub operator warned that its sales would plunge by around 80 per cent for the full year to March 2021. The company also said it was raising money from the [...]
Return to the office helps hike Fuller’s sales 18 per cent in London RETAIL Fuller’s share price soared over three per cent this morning after the pub chain revealed that like-for-like sales growth in the City and central London grew over 17.9 per cent in the first half of the year. The London-listed company, which has a cluster of pubs in the capital, said that an increase in workers [...]
Pub firm Fuller’s sues insurance giants Aviva and Liberty Mutual in fight over ‘business interruption’ claim February 9, 2023 Fuller’s pubs has filed a lawsuit against insurance giants Aviva and Liberty Mutual in a dispute over a “business interruption” claim. Fuller Smith & Turner confirmed to City A.M. it is suing the two insurers “in relation to a claim under our business interruption insurance” but refused to comment further. Fuller’s filed its claim against Liberty [...]
Fuller’s sales above pre-covid levels amid concern over ‘unsustainable rise’ in energy costs September 20, 2022 Pub chain Fuller’s brought its sales back above pre-pandemic levels but has warned the energy crisis could give it bills of £18m. The company announced its sales in the first half of the financial year were three per cent up on the pandemic, and 50 per cent up on the same period last year. However, [...]
Fuller’s toasts return to profit amid ‘fragile’ consumer confidence June 9, 2022 Pub chain Fuller’s is back in the black after posting an adjusted profit before tax of £7.2m, as the licensed trade recovers from the pandemic. In results for the year to 26 March, the pub operator saw profit back in growth after posting a £48.7m loss in 2021, when Covid lockdowns enforced the closure of [...]
C’mon England: Pub bosses set to be the Three Lions’ biggest fans November 21, 2022 Pubs are hoping for a wintry windfall thanks to the World Cup kicking off this week. The country’s boozers are hoping that England’s first match versus Iran this afternoon will draw in crowds on a traditionally quiet trading day. The football tournament typically draws in £155m for pubs when held in the summer months. Pubs [...]
Pub body slams energy firms over sky-high bills amid calls for Ofgem investigation January 25, 2023 The UK's leading pub body went to war with the country’s energy firms yesterday, accusing them of profiteering.
Ministers press ahead with powers to intervene in financial rules September 8, 2022 Ministers have pressed ahead with plans to grant the government “call in” powers to intervene in financial regulation today, just one day after City watchdogs underlined the importance of regulatory independence to financial stability.
Fuller’s hopeful the return of City workers will help pub sales hit pre-Covid levels January 27, 2022 Pub operator Fuller’s said it hopes its City pubs will see a boost to trade thanks to workers’ “strong desire” to get back to the office. In a trading update for the 43 weeks to 22 January 2022, the pub operator said it had been impacted by Omicron measures last month. As corporate Christmas parties [...]