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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May- 2022 -19 May
Young’s swings to profit in FY22
Young and Co (Young’s) has returned to profitability as its pre-tax profits hit £42.1m in the 52 weeks ended 28 March 2022, up from a loss of £44.5m last year, despite varying levels of Covid restrictions. Operating profits were also £51.7m, growing year-on-year from a loss of £34.5m. Additionally, total…
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18 May
Marstons returns to profitability as sales hit pre-pandemic levels
Marstons has returned to profitability as its pub operating profit surged to £39.9m in the 26 weeks ending 2 April 2022 (H1 FY22), up from a loss of £57.2m in H1 FY21. Pre-tax profits are also up from a loss of £105.5m last year to £25.6m, and total revenues are…
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18 May
Inflation hits 40-year high
UK inflation has hit its highest level in 40 years during the month of April, driven by the rising cost of energy bills. The figure, according to the latest figures from the Office of National Statistics (ONS), was up from 7% in March. The ONS said that around 75% of…
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17 May
Vagabond opens first airport site at Heathrow
Vagabond Bar and Kitchen has announced it will launch its first airport site this week at Heathrow’s Terminal 5, following a £1.2m investment. The new site will be composed of 4,500 square feet, with space for 170 guests, and it will create 60 new jobs. Over 100 varieties of wine…
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17 May
C&C to sell stake in Admiral Taverns for £55m
Drinks company C&C Group has announced the sale of its entire minority interest in Admiral Taverns to Proprium Capital Partners, with whom it originally invested into Admiral Taverns in September 2017, in a deal worth £55m. It also confirmed the sale of the shares will be completed and consideration will…
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13 May
Brakspear reopens The Bull on Bell Street in Henley
Brakspear has reopened The Bull on Bell Street in Henley-on-Thames after an “extensive refurbishment”, the first major investment within its managed estate since it was rebranded as Honeycomb Houses last autumn. The transformation, devised by Brakspear’s in-house design team, has created an extensive outdoor space behind the pub, now called…
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9 May
BBPA joins Domestic Advisory Group to advise on EU trade deals
The British Beer and Pub Association (BBPA) has joined the Domestic Advisory Group to provide sector-specific expertise to inform the UK-EU Trade and Cooperation Agreement (TCA). The Domestic Advisory Group consists of the UK’s leading trade bodies, associations, labour, and civil society organisations. It was established by the Government to…
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9 May
Drinks sales remain above pre-Covid levels for second week
On premise drinks sales held just above pre-Covid levels for the second week in a row in the seven days leading to last Saturday, 30 April, due to a “bright start” to the bank holiday weekend. According to CGA’s Drinks Recovery Tracker, “reasonable” weather at the start of the long…
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5 May
BBPA joins Domestic Advisory Group to advise on EU trade deals
The British Beer and Pub Association (BBPA) has been welcomed onto a Domestic Advisory Group to provide sector-specific expertise to inform the UK-EU trade and cooperation agreement (TCA). Made up of the UK’s leading trade bodies, associations, labour, and civil society organisations, the Domestic Advisory Group was established by the…
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4 May
JD Wetherspoon warns of ‘considerable’ cost pressures in Q3
JD Wetherspoon has seen its like-for-like sales slip by 4% in its third quarter of trading against the same period in 2019, with the group warning of “considerable” cost pressures for the industry. Sales for the group have slightly rebounded however. In its last interim statement, the pub chain indicated…
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