Iran war: Independent pubs face ‘devastating’ energy costs Hospitality Independent pubs could be left vulnerable to spikes in energy costs caused by the Iran war, while their larger competitors enjoy the security of fixed energy deals. Landlords across the UK could face “devastating” costs if energy prices continue to rise, trade body UKHospitality has warned. Blockages to the Strait of Hormuz, a crucial shipping [...]
Pubs to open late during World Cup – a life raft for hospitality? Hospitality Though the Labour government and the country’s thousands of pub landlords have very rarely seen eye-to-eye in recent months, the World Cup could bring a summer truce to this fiery dispute. Hospitality trade bodies and one of the country’s biggest pub chains have told City AM they welcome the government’s move to allow pubs to [...]
Young’s ditches AIM as pub chain eyes FTSE 250 inclusion hospitality Young’s has become the latest company to unveil plans to quit London’s small-cap stock market as the pub giant sets its sights on inclusion into the FTSE 250. The Wandsworth-based business said it will apply to join the main market of the London Stock Exchange, in a move which it said will “enhance the company’s [...]
All the pubs hiking the price of a pint after Budget tax raid March 19, 2025 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 January 22, 2025 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 [...]
Pub chain Marston’s toasts record festive sales boost January 21, 2025 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 [...]
Young’s: Pub chain in ‘great shape’ after Christmas despite Budget burden January 16, 2025 Young & Co have reported an excellent Christmas trading period, with optimism abound despite a higher cost burden for the hospitality sector this year. The pubs-and-rooms operator, which has around 228 pubs and 5,600 employees, said that revenue in the five weeks to January 13 rose 30.4 per cent, with like-for-like sales up 11.6 per [...]
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 [...]
Young’s sees summer of sport boost business: We’re in “brilliant shape” says outgoing chairman July 25, 2024 Young’s has announced a rise in revenue of 26 per cent since the start of the new financial year on the back of a boost from the UK’s summer of sport. The Euros and Wimbledon have dominated pubs’ TV screens and sent countless customers to bars and beer gardens to make the most of the [...]
‘London is leading the way’ says Young’s pub boss as customers keep spending June 19, 2024 Young's saw strong growth across its portfolio last year.