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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Dec- 2022 -21 December
Drake and Morgan sees post-covid rebound as losses narrow to £1.4m
Restaurant and bar Drake and Morgan has revealed it has seen its losses narrow to £1.4m, down from a loss of £19m, in its results for the full year ended 27 March 2022. The company posted turnover of £35.9m compared with £5.2m last year and adjusted EBITDA profit of £5m…
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16 December
SBPA says Scottish budget will be ‘met with disappointment’ from hospitality industry
The Scottish Beer and Pub Association has said that the Scottish Government’s latest budget announcement will be “met with disappointment” from hospitality operators. According to the SPBA, crucial to the disappointment will be the decision not to replicate the business rates relief. Emma McClarkin, CEO of the Scottish Beer and…
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15 December
Bridlington pub undergoes ‘extensive’ refurb
The Friendly Forester pub in Bridlington has reopened following an “extensive” four week refurbishment. The new-look building has a brand new bar, new soft furnishings as well as a new dining area. Alongside this refurbishment the pub has introduced a new menu. The new food menu includes new burgers, smoked…
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13 December
Clays secures investment ahead of second site opening
Interactive clay shooting experience bar Clays has announced that it has received an investment from hospitality-focused fund Imbiba as it plans to open a second bar this month. Clays is an indoor interactive Clay shooting experience and bar, which officially opened its first venue in Moorgate in November 2021. In…
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9 December
Hospitality sales rise in city centres ahead of Christmas rush
Pubs, restaurants and bars have “made a good start” to the festive season in Britain’s major cities, according to research from CGA by NielsenIQ and connectivity solutions provider Wireless Social. Their latest ‘Top Cities’ report found that sales in the four weeks to 19 November were ahead of the same…
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7 December
M&B profits hit £240m in FY22
The operator of managed restaurants and pubs, Mitchells and Butlers, has achieved an adjusted operating profit of £240m for the 52 weeks ending 24 September 2022, compared to only £29m the previous financial year. M&B reports that its profits have “broadly” recovered to pre-pandemic levels, excluding the impact of energy…
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6 December
Marston’s returns to profit in FY22
Marston’s has returned to profit in the year ended 1 October 2022, with pre-tax profits hitting £163.4m, up from a loss of £171.1m the prior year, as the group welcomed a return to normalised trading. It comes as like-for-like sales reached 99% of 2019 levels despite a disrupted Christmas trading…
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5 December
Energy costs ‘biggest threat’ to pubs’ viability, report finds
Energy bills returning to their regular rate post-March would put pubs and brewers at a loss of 20% on average, according to a new report by Frontier Economics, produced for the British Beer and Pub Association (BBPA). The report found that energy costs were currently the biggest threat to their…
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5 December
Cat and Wickets Pub Company acquires former Everards pub
Cat and Wickets, the pub company founded by cricketers Stuart Broad and Harry Gurney, has announced the acquisition of its second venue, The Griffin Inn in Swithland, from Everards brewery. News of the acquisition follows recent approval for an investment from Lee Cash, the founder of Peach Pubs, to purchase…
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2 December
ETM Group secures £11m funding deal
Sports and roof-top bar operator ETM Group Limited has secured over £11m in funding from alternative lender ThinCats. The funding has enabled the ETM to refinance the entirety of its bank loans as well as providing “suitable” working capital headroom to underpin further growth. ETM was founded in 2000 and…
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