Peel Hunt has upgraded its forecast for City Pub Group (LON: CPC) following its AGM trading statement and believes further upgrades are possible. Like-for-like sales are 13% ahead through a mixture of price increases and volume gains. This compares with estimated growth of 8% for the pub sector. Sales are 12% ahead of pre-pandemic levels. […]

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Like-for-like revenues are still improving at pubs operator and brewer Marston’s (LON: MARS) and they are higher than in 2019. The 2021-22 figures should mark the first step in the profit recovery of the business. Marston’s owns 1,468 pubs and a 40% stake in Carlsberg Marston’s Brewing Company. In the ten weeks to 1 October […]

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Kent-based brewer and pubs operator Shepherd Neame (LON: SHEP) like-for-like revenues from pubs and brewing volumes continue to recover, but trading remains tough for the Aquis-quoted company because of rising costs. Last year’s overall trading was in line with expectations. Like-for-like sales of managed pubs were 11% higher in the year just ended. In the […]

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Wetherspoon announced its Q3 trading update on Wednesday where the group reported a 4% decline in like-for-like (LFL) sales, disclosed closures and disposals of pubs and announced the resignation of Su Cacioppo. Wetherspoon reported a 4% decrease in LFL sales compared to 2019, however, YTD sales fell 6.2% on an LFL basis. In the group’s […]

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On Thursday 20 January City Pub Group (LON: CPC) will reveal to investors how well it did in 2021. Strong progress was being made but the second half of December may have held back the outcome. The pubs operator took advantage of the closure of the pubs during lockdown to streamline its supply chain in […]

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There was a strong recovery in trading at brewer and pubs operator Shepherd Neame (LON: SHEP) when it was able to reopen its pubs earlier this year. The Aquis Stock Exchange-quoted company won new brewing clients during the pandemic and beer volumes have held up. In fact, volumes in May and June were 8% higher […]

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Shepherd Neame (LON: SHEP) in common with other brewers and pub companies has been hard hit by the lockdown and related closure of pubs. The share price has recovered significantly over the past six months, but it remains below the level it has been in the four years prior to the Covid-19 pandemic and its […]

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Pubs, cafes and restaurants in England also able open for customers seated outdoors Shoppers have rushed back to high streets across the country as a range of non-essential retail outlets have reopened their doors for the first time in over three months. According to analysts at Springboard, the number of people out by 10am had […]

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Scotland-based brewery and pub chain BrewDog is revelling in the news that the UK’s national lockdown is set to come to an end this summer. The company reported it has had its busiest day for bookings on record after Prime Minister Boris Johnson announced the easing of restrictions in the coming months. Beer gardens are […]

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Michael Gove has confirmed that Britons will not be requiring a ‘vaccine passports’ to visit the pub, theatre or sport stadium. Speaking on Sky News, the senior minister confirmed that there would be no introduction of identification for those who have received the vaccine. “I certainly am not planning to introduce any vaccine passports, and […]

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Wetherspoons (LON: JDW) has reported a 27.6% fall in sales amid new Coronavirus restrictions. The pub-chain blamed the government for the new restrictions, which it said were “baffling and confusing”. Chairman Tim Martin called the rules, including the 10 pm curfew and use of face masks when moving inside pubs “a complete muddle.” “However, the […]

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IHS Markit‘s PMI data illustrated that business activity in the service sector had demonstrated a ‘much weaker rise’ in October, with the rate of expansion at its slowest rate for four months. The research group also noted that the rate of new work fell for the first time since June, while hospitality, transport and leisure […]

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Appearing languid during the first half, the prime minister’s Halloween announcement of a second lockdown will do little to boost the balance sheets of breweries in the closing stages of 2020. Speaking on COVID challenges and the outlook for the beer industry, Mark Lynch, Partner at Oghma Partners, said: “Results from Carlsberg, Heineken, ABInBev for […]

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With the prime minister leaving most of the country in Tiers about the prospect of further lockdown restrictions, sectors of the economy, such as hospitality, will be asking what they can expect in the coming months, and whether the situation will be even worse than the first time around. Speaking on the impact another lockdown […]

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Loungers PLC shares (LON: LGRS) rose almost 8% on Friday’s opening bell after the group reported significant outperformance of the market. The owner of the Lounge and Cosy Club brands shared a trading update for the 24 weeks ending on 4 October 2020, revealing a 25% growth in like-for-like sales when cafes, bars, and restaurants […]

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Heineken’s pubs business has been fined £2m for repeatedly breached the legally binding Pubs Code over nearly three years. Star Pubs and Bars, which operates the pub estate business of Heineken in the UK, had forcing pub tenants to sell 100% Heineken beers and ciders. Pubs Code adjudicator Fiona Dickie said: “The report of my […]

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The hospitality sector is again in dire straits, with the slow creep of targeted lockdowns being implemented across the UK. The most notable of these shutdowns has been in the central belt of Scotland, where Nicola Sturgeon has kiboshed evening trading for hospitality venues for more than two weeks. Scotland’s first minister said that new […]

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Widely-ridiculed for its arbitrary timing, the government‘s 10pm curfew comes into effect today, and will mean that all pubs, bars and restaurants will have to close their door to customers mid-way through a typical evening’s late seating. So, what will this new rule mean for food and drink outlets, and other hospitality businesses? According to […]

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Well-known home of the cheap tipple, Wetherspoons (LON:JDW), enjoyed a strong festive period, which was crowned by the announcement that it would be expanding its pub portfolio during 2020. The company reported like-for-like sales growth of 4.7% during the 12 weeks to the 19th of January alongside sales growth of 4.2%. This positive financial performance […]

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A full year trading statement from pubs operator and brewer Marston’s (LON: MARS) on 15 October could provide mixed news. Drinks sales could have been strong in the fourth quarter, but food-based sites are finding trading tougher. The taverns division has tough comparatives, but that should not stop it producing like-for-like growth in the period […]

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Pub and bar operator The City Pub Group PLC (LON: CPC) posted impressive financial results for the first half of FY19. Despite this, the Company’s shares dipped during trading on Thursday, as it announced it would follow the ‘path most travelled’ and end its campaign of acquisitions amid Brexit uncertainty. In spite of their trading […]

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Pub and beverage company Fuller, Smith and Turner plc (LON; FSTA) saw revenues grow in a year where the Company were particularly active in terms of operational and strategic developments. The Group’s revenue was £431.1 million for the full year 2019, up 7% on 2018 at £403.6 million. EBITDA was also 3% from £70.9 million […]

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Pubs operator and brewer Greene King (LON:GNK) is reporting a pre-close trading statement for the year to April 2019 on Tuesday. Analysts are looking for revenues of around £2.2bn and pre-tax profit of more than £240m for the full year. At 704p, the shares are trading on just over 11 times forecast earnings. This looks […]

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