Coronation: Sixty-two million pints to be poured at UK pubs, but City might miss out May 2, 2023 Pubs across the UK are bracing for an influx of visitors to celebrate the coronation of King Charles III this week, with some trade groups suggesting the sector could see a multi-million pound boost from increased sales. UK pubs will see a £120 million boost as people flock to pubs during the bank holiday weekend, [...]
Pub and restaurant bosses slam Chancellor for neglecting sector with VAT hike March 23, 2022 Hospitality bosses have said the government has ignored their plight as venues struggle with Covid debts and rising costs. Calls from pub and restaurant bosses for a VAT freeze fell on deaf ears as the Chancellor unveiled his spring statement on Wednesday afternoon. The sector had been lobbying for the tax to remain at 12.5 [...]
Tears for beers: Brits face staggering pub bill of £20 for a single pint September 6, 2022 Pubs and bars across the UK could be forced to close because it is not “viable” for landlords to raise the price of a pint to £15 or £20 to cover their soaring energy bills. Tom Stainer, the chief executive of the Campaign for Real Ale (Camra) group, told the Daily Star the cost of [...]
Shareholders approve Greene King takeover deal October 9, 2019 Shareholders have given the green light to the £2.7bn acquisition of British pub chain Greene King by Hong Kong’s richest man. At an extraordinary general meeting (EGM) today, 99.38 per cent of CK Asset Holdings shareholders voted to back the deal, with just 0.61 per cent opposing the takeover. Read more: Beer sales slip at [...]
Pubs and restaurants face ‘widespread business failure’ in absence of energy bill support August 30, 2022 Pubs and restaurants are facing “widespread business failure” in the absence of government support as energy bills swell, hospitality chiefs have said. In a letter to ministers, UKHospitality has warned that tens of thousands of jobs could be lost as the UK enters the colder months, as businesses are hit with increasing headwinds. Writing to [...]
RedCat acquires The Coaching Inn Group for undisclosed sum August 13, 2021 Former Greene King boss Rooney Anand has announced he will acquire The Coaching Inn Group under his investment vehicle. Red Cat will take on the estate of 18 sites for an undisclosed sum. The Coaching Inn Group operates historic coaching inns in market towns including in the Cotswolds, Peak District, Leicestershire, Staffordshire, and Cambridgeshire. Chief [...]
BA owner IAG lures Nicholas Cadbury away from Whitbread for CFO job January 27, 2022 Nicholas Cadbury, finance director at hotel and restaurant giant Whitbread, will join British Airways’ owner IAG as chief financial officer on 21 March. The news, confirmed this morning, was first announced in October after the current chief financial officer Steve Gunning decided to step down. “It has been a wonderful experience to be involved in [...]
More than 250 hospitality bosses call for VAT freeze as diners hit by rising costs February 7, 2022 Restaurant bosses from big names including JD Wetherspoon and Greene King have signed a letter to the Chancellor calling for a VAT freeze at 12.5 per cent. In an open letter to Rishi Sunak, more than 250 hospitality businesses have called for a re-think of plans to hike the VAT rate back to 20 per [...]
Beer sales slip at Greene King after last year’s World Cup summer September 6, 2019 Beer sales fell in Greene’ King’s summer quarter, as they suffered in comparison to last year’s World Cup-fuelled boost in drinking, the pub chain revealed today. Read more: Greene King shares surge 50 per cent as Hong Kong’s richest man makes an offer Like-for-like sales sank 4.2 per cent among Greene King’s pub partners for [...]
Ex-Greene King chief exec pockets £850,000 after quitting August 8, 2019 Former Greene King chief executive Rooney Anand received a pay out of £850,000 after he quit the pub chain. The FTSE 250 brewery said the payment – equivalent to about a year’s remuneration – was made after Anand agreed to “various post-termination covenants” that were not part of his original contract. Read more: High yielding [...]