London pubs giant Young’s issues Budget warning after £11m costs hike November 14, 2024 Pub giant Young’s, which has locations across London and the South East, has insisted it has no plans to increase the price of drinks despite the Budget adding around £11m in annual costs. The listed group said it was instead focusing on increasing efficiency, better use of technology and internal investment in order to deal [...]
Wetherspoons boss Tim Martin fires fresh price rise warning following Budget November 6, 2024 The pub giant reported record sales in the most recent quarterm even as cost inflation and tax hikes continue to bite British boozers.
Budget 2024: Warning pubs and breweries could face extra £310m bill October 25, 2024 Pubs and breweries could face an extra £310m bill after the Budget, an industry lobby group has warned. The British Beer and Pub Association (BBPA) has warned Chancellor Rachel Reeves that a hike in business rates and beer duty could leave Britain’s drinking spots struggling. Additional costs could stifle growth and threaten jobs, with some [...]
Marston’s ditches brewing and switches to ‘pure play hospitality’ October 16, 2024 Pub group Marston’s has officially ditched brewing and announced a new strategy, which will see it focus entirely on pubs. In a vote of confidence for the UK’s hospitality sector, it will “embark on a new chapter” as a pure-play hospitality business, its chief executive Justin Platt said. “We are outlining a differentiated strategy for [...]
Employer National Insurance hike could risk jobs amid 95,0000 vacancies October 15, 2024 Increasing employers’ national insurance contributions (NICs) could pose a risk to jobs amid some 95,000 vacancies across pubs and restaurants, a hospitality lobby group has warned. Data released from the Office for National Statistics (ONS) today revealed there are a “stubbornly high” 95,000 openings across the sector, including in venues, cafes and eateries. Hospitality UK [...]
Marston’s in ‘strong’ position as pub chain outperforms market October 9, 2024 Pub operator Marston’s has reported sales growth ahead of the wider market and said its profit this year will be in line with expectations. The FTSE-listed firm told markets this morning that total retail sales for the 52-weeks to 28 September were 5.8 per cent higher than the prior year, with growth in like-for-like sales [...]
Shepherd Neame: Britain’s oldest brewer ups dividend on ‘positive and encouraging’ results October 2, 2024 Britain’s oldest brewer Shepherd Neame have reported record revenue for the full financial year despite ongoing cost headwinds. The Faversham-based brand, which owns and operates 291 pubs across the southeast, told markets this morning that revenue for the 53 weeks to 29 June grew by 3.6 per cent to a record £172.3m, from £166.3m in [...]
Pubs face ‘double whammy’ of tax hikes as hundreds call last orders for good September 23, 2024 Around 50 pubs per month ‘vanished’ from England and Wales in the first half of the year as hospitality struggled with costs and tax rates. The overall number of pubs in England and Wales, including those vacant and being offered to let, fell to 39,096 at the end of the first half of 2024, down [...]
Cut beer duty by five per cent to create 12,000 jobs, pubs urge Chancellor September 18, 2024 Cutting beer duty by five per cent could create up to 12,000 jobs, a beer and pub association has urged the Chancellor ahead of next month’s Budget. The brewery and hospitality industries are urging the government to continue supporting them to invest and maintain the 1,040,000 jobs across the sector. Jobs could be at risk [...]
Inn Collection Group sees revenue jump after adding hundreds of new rooms to portfolio September 16, 2024 The Inn Collection Group, which operates pub accommodation in Wales and Northern England, has seen its turnover tick up after it added hundreds of rooms to its portfolio, according to newly-filed documents. The company, which is headquartered in Newcastle Upon Tyne and has venues across County Durham, the Lake District, Northumberland, Yorkshire and North Wales, [...]