Ei Publican Partnerships, the leased and tenanted division of Stonegate Pub Company, has further extended the support for its tied publicans operating on substantive agreements, announcing further subsidised rental payments of 40% for the month of September. This takes its overall support package to in excess of £32.5 Million during the COVID-19 pandemic. Extend pub rent … [Read more...]
Greene King welcoming 150 young people into apprenticeships now
Greene King is encouraging young people to apply for apprenticeships as they receive their A Level results, with 150 live vacancies currently available and plans to increase that number over the coming weeks. Apprenticeships can provide an alternative route for school leavers who may not want to go to university and can lead to rewarding and fulfilling careers. Greene … [Read more...]
Electric vehicle charging points to be available in most Greene King pubs
Electric vehicle charging pubs Greene King has confirmed that it will install electric vehicle charging points in all suitable sites across its 2,700 managed and tenanted pubs. The initial phase will see installation of electric vehicle chargers in 900 of Greene King’s managed pubs within the next 12 months, as part of the company’s sustainability strategy. The government’s … [Read more...]
Diageo profits down and brand value lowered
Profits at global drinks giant Diageo fell by almost 50% to £2.1bn in the year to the end of June, as the impact of Covid-19 was felt globally. Sales dived down affected by the closure of pubs, bars, nightclubs and restaurants forcing Diageo to write down the value of its brand portfolio by £1.3 billion. Ivan Menezes, CEO, Diageo stated that the business moved swiftly in … [Read more...]
Fighting Covid-19 macroeconomics diligently
The current Covid-19 crisis has seen revenues at most hospitality businesses decline as a consequence of macroeconomics. The UK economy has been highly negatively impacted through Covid-19, and trying to swim against that tide is a herculean task. The combined efforts of world’s governments, think tanks and centres of learning cannot change the direction of the world economy … [Read more...]