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, [...]
Pub chain Marston’s toasts record festive sales boost Retail Pub chain Marston’s has reported a “solid” festive quarter and record sales on Christmas day in another good sign for the hospitality sector. Total retail sales in the 16 weeks to January 18 were up three per cent, driven by growth in both food and drink sales, Marston’s said. Like-for-like sales during the same period [...]
Marston’s rings in Christmas bookings as profit jumps in ‘defining year’ hospitality Pub operator Marston’s has surpassed market expectations as pre-Christmas bookings begin to introduce hope for another bumper year of trade. The Wolverhampton-headquartered firm told markets this morning that its total revenue for the year ending 28 September, 2024, increased to £898.6m, up three per cent from £872.3m the prior 12 months. Pre-tax profit for Marston’s [...]
Badenoch claims Reeves’s Budget was designed to ‘milk private sector’ November 13, 2024 The Labour government’s “ideological” Budget was “designed to milk the private sector”, Tory leader Kemi Badenoch has claimed. Quizzing Sir Keir Starmer during Prime Minister’s Questions (PMQs) today, the Conservative leader accused the Labour leader of “having nothing to offer but platitudes”. She said: “Their ideological Budget was designed to milk the private sector and [...]
Brewing giant slumped to loss ahead of Marston’s selling up to Carlsberg August 27, 2024 The brewing joint venture worth almost £800m between Marston’s and Carlsberg slumped to a loss in the year before the pub giant sold its stake, it has been revealed. Carlsberg Marston’s Brewing Company made a pre-tax loss of £25.2m in 2023, according to newly-filed accounts with Companies House, having posted a pre-tax profit of £7.1m [...]
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 [...]
Marston’s: Euros boost for pub chain after Carlsberg deal July 24, 2024 England's success at the Euros helped boost sales at one of the UK's largest pub chains, weeks after the company sold its brewing business to Carlsberg.
Marston’s shares jump after it books £206m windfall from Carlsberg split to focus ‘entirely on pubs’ July 8, 2024 Pub group Marston's has sold its stake in Carlsberg for more than £200m as bosses outlined plans to focus "entirely on pubs".
Marston’s optimistic for Euros summer as profit rises on beer and pub grub May 14, 2024 The outlet which operates 1,395 pubs across the country told markets this morning it had posted an increase in revenue and profit for the 26 weeks up to 30 March, as sales outperformed the market.
British Land crowns former Lazard man as chair March 11, 2024 Property giant British Land has appointed banking veteran William Rucker as its new chair, replacing Tim Score.