All the pubs hiking the price of a pint after Budget tax raid hospitality Shepherd Neame announced this morning that it would be forced to raise prices at its 290 pubs due to cost pressures from last October’s budget. The family business follows a host of other hospitality companies in raising prices, with the average price of a pint set to go up by six to eight per cent, [...]
More good news for pubs as December splurge delivers crucial growth hospitality A rush of pubgoers in the last two weeks of December brought much-needed growth across the industry in a “big relief” for businesses. Pub sales were up 4.7 per cent ahead of December 2023, while bars bounced back from soft trading throughout most of 2024 to post growth of 1.3 per cent, according to the [...]
Fuller’s pub boss warns Budget tax changes will drive hospitality to the brink hospitality The boss of pub chain Fuller, Smith and Turner has made a stark warning about the effect of recent tax rises on hospitality, warning it will increase inflation and drive businesses “to the wall”. Chair of the London-listed firm known as Fuller’s, Michael Turner, said that the changes to employer’s national insurance contributions (NICs) announced [...]
Businesses warn of £400m in extra costs after Reeves’s Budget tax raid November 8, 2024 Businesses across the UK are sounding the alarm over rising costs after Rachel Reeves raised taxes by some £40bn at the Budget last week. The Chancellor announced that employer’s national insurance contributions (NIC) will increase by 1.2 per cent to 15 per cent, and the threshold at which businesses start paying the levy will be [...]
Hospitality bosses warn government tax hikes will hit investment November 5, 2024 According to reports, business leaders have warned the government that the tax rises announced in Labour’s Autumn budget will lead to a huge increase in costs and a fall in investment. The bosses of large retail and hospitality firms like Fuller’s, Greene King and Morrisons have warned business secretary Jonathan Reynolds that last week’s budget [...]
Fuller’s snaps up pint-sized Warwickshire pub chain Lovely Pubs August 6, 2024 Fuller’s has snapped up a chain of seven pubs in Warwickshire in a deal worth £22.5m. Fuller’s said it had bought the Lovely Pubs group, which has a seven-strong portfolio of six freehold sites and one pub with a 16-bedroom inn. The firm said the deal would expand its presence in the Midlands as it [...]
Fuller’s pub chain optimistic on easing inflation and urges business rates cut July 23, 2024 Fuller Smith & Turner has continued its strong recovery. The pub chain said sales at the London-listed company grew by 5.3 per cent for the first 16 weeks of the financial year, boosted by major events including the Euro football championships. At the beginning of June the company said like-for-like sales in the 52 weeks [...]
Profit jumps at pub group Fuller’s as City workers return June 13, 2024 Fuller's has unviled a strong set of results for the year to the end of March as drinkers continue to return to the City.
Fuller’s cashes in with sale of London pubs to Admiral Taverns May 29, 2024 Fullers Smith & Turner will sell 37 pubs across London and South-East England for a total of £18.3m to Admiral Taverns Limited.