Bulmers owner C&C burns through €7m a month while pubs are closed June 3, 2020 C&C Group, the owner of Bulmers and Magners cider, revealed this morning that it is burning through €7m (£6.2m) each month that pubs and restaurants are closed. C&C, which makes 80 per cent of its revenue through sales to pubs, bars and restaurants, also reported €47.6m in exceptional items directly related to the coronavirus outbreak. [...]
Marston’s and Carlsberg to unite brewing operations in £780m joint venture May 22, 2020 UK pub chain Marston’s share price skyrocketed today as it announced a plan to merge its brewing business with Carlsberg’s UK division in a £780m deal. The joint venture will value Marton’s Brewing Business at up to £580m and Carlsberg’s at £200m. But despite Marston’s superior valuation, the pub chain will only own 40 per [...]
Which south London pubs are serving pints this weekend? A non-exhaustive list May 22, 2020 The pint. The perfect measure; not too big, not too small. And now available in takeaway milk cartons in a host of pubs across south London. Here’s City A.M.’s very much non-exhaustive list of pubs south of the river that will allow you to have something cold, fizzy and poured by somebody else over this [...]
Wetherspoon to rely on app more than ever under plan to reopen all 875 pubs May 22, 2020 JD Wetherspoon has outlined plans to invest £11m in reopening its pubs, including installing screens and providing hand sanitiser and protective clothing for staff. The pub chain said it will reopen all of its 875 pubs in the UK and Ireland when it gets the go-ahead from governments, and all pubs will operate their usual [...]
Exit strategy: How and when Boris Johnson will end the UK lockdown May 7, 2020 The Prime Minister is set to reveal a “roadmap” to end UK lockdown measures on Sunday, but what does the exit strategy look like, and when will measures be eased? Last week, Boris Johnson said the UK had “passed the peak” and today chairs a Cabinet meeting that will focus on what restrictions can be [...]
Carlsberg sales dip due to pub closures during lockdown April 30, 2020 Carlsberg sales dropped in the first quarter and the brewing giant warned a further decline is expected over the next few months due to the closure of bars and restaurants during coronavirus lockdowns. The brewer said sales dropped seven per cent between January and March, and would continue to fall in the second quarter due [...]
Marketing: How to navigate the choppy waters of Covid-19 April 30, 2020 The last month has been tragic and bizarre in equal measure. The world is currently having to adjust to the COVID-19 pandemic and its heart-breaking effects. And for most people, this will be unlike anything they’ve ever experienced. In the business world, there seems to be a distinct spotlight on companies right now – closely [...]
JD Wetherspoon raises £141m as pub chain plans for June reopening April 30, 2020 JD Wetherspoon has raised £141m through a share placing to shore up its finances during the coronavirus crisis, as the pub chain gears up for a June reopening. The equity raise completed this morning will help the company cope with the low sales levels expected when it reopens after the coronavirus lockdown is lifted, it [...]
Coronavirus: Could the crisis accelerate the need for ESG communications? April 2, 2020 As Britain digests daily press conferences about Covid-19, the words and actions of business leaders are starting to come under increased scrutiny. As small businesses across the country seek banking loans to stay afloat and employees face being furloughed or even made redundant – what leaders do today and how they communicate will have a [...]
Coronavirus dividend cuts produce £4.4bn hit to investor portfolios March 27, 2020 With more UK firms announcing coronavirus-fuelled dividend cuts this week, the total loss of investor income so far this year is now £4.4bn. The pace of dividend cuts is accelerating as coronavirus wreaks havoc on world economies. In March 116 companies have suspended their dividends totalling £4.2bn, according to investment fund AJ Bell. That compares [...]