Pubs and Bars
The latest news and updates on pubs and bars, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
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Jul- 2024 -8 July
Slug and Lettuce posts pre-tax loss of £3.1m
Slug and Lettuce has reported a pre-tax loss of £3.1m for the 12-month period to September 2023 after the bar chain initially recorded profits of £2.2m in 2022. Slug and Lettuce has attributed its performance to revenues inching down from £48.6m to £48.5m due to “the impact of the macroeconomic…
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8 July
Pub and bar insolvencies jump 30% in past year
The number of insolvencies of pub and bar companies has jumped 30% in the past year, according to data from UHY Hacker Young. For the year ended 30 April 2024, 784 hospitality businesses went under compared with 602 insolvencies in the year ended 30 April 2023. Pub and bar insolvencies…
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5 July
London’s Radio Rooftop reopens after £2.5m refurb
London rooftop bar Radio has officially reopened at ME London this week following an extensive £2.5m refurbishment programme. Located in the heart of the Strand, ME London celebrates 10 years of innovation and individuality with the reopening of Radio, renowned for its “spectacular views” of London’s skyline. Led by international…
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5 July
Marston’s appoints Kenneth Lever as chair
Marston’s has announced that Kenneth Lever has been appointed as independent non-executive chair of the company with effect from 8 July 2024, following an extensive external process. Lever succeeds William Rucker who, as previously announced, steps down from the board on the same date. Lever will also be appointed as…
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2 July
Euros and Father’s Day boost beer sales
Beer sales in managed venues rose 18% in the week ended 22 June as a result of the combination of the European Championship and Father’s Day. The upswing helped cause a 9% increase in total drinks sales compared with the same period last year, according to data from CGA. This…
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1 July
Red Engine to launch Electric Shuffle site in New York
Red Engine has announced that it is set to launch a flagship Electric Shuffle bar in New York City on 12 July. Located in the NoMad district, the multi-million-pound investment occupies 10,000 square feet of Manhattan real estate on the second floor next to the Virgin Hotel. Set across two…
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Jun- 2024 -28 June
Heavitree sales increase 2.1% despite wet weather
Pub group Heavitree Brewery has reported a turnover increase of 2.1% to £3.3m for the six months ended 30 April. The company said to have “performed well” despite the combination of weeks of cold and wet weather conditions and a very early Easter weekend which could have had an adverse…
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28 June
Nightcap to re-register as a private limited company
Bar operator Nightcap has announced the proposed cancellation of admission of its ordinary shares to trading on AIM, a re-registration as a private limited company, and adoption of new articles of association. As a result, directors have undertaken an “extensive” review to evaluate the benefits and drawback to the company…
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27 June
Trust Inns acquires the White Hart
Trust Inns has announced that it has acquired the White Hart pub in Tongham in Surrey. The property boasts a lounge bar and restaurant featuring wooden beams and a fireplace, as well as a sports bar, beer garden and extensive car park. It is listed as an Asset of Community…
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26 June
St Austell to install EV chargers across South West pub car parks
St Austell Brewery has announced a new partnership with ScottishPower to install over 300 new public electric vehicle chargers in its pub car parks across the South West of England. Currently the electrical infrastructure in the South West is sparse, with Cornwall Council estimating that there are only around 450…
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