Specialist Coaching Inn operator The Coaching Inn Group has reported a 29% increase in sales and 60% rise in profits as turnover tops £13 million. Reporting on its results for the last financial year to March 2016, the Group saw turnover reach £13,005,425 – up from £10,065,972 last year. Underlying operating profit increased to £1,281,326 – up 60% on last year’s £800,000 … [Read more...]
Punch interim results: planned extension to retail contract after initial success
Punch has revealed plans for the future of its retail contract operating model, as part of the half year Chief Executive’s review. With 50 pubs open and functioning extremely well under this model, it will be extended to approximately 100 pubs by August 2016 with a further 21 also identified as suitable for moving on to a retail contract in the near future. Moving forward, … [Read more...]
Punch releases further details on new Mercury division
Following the interim results from Punch on the 20th April, the pub group is delighted to share further details on the new Mercury sector of its business. Headed by Paul Pavli, Mercury replaces the turnaround division and aims to deliver like-for-like growth in this area by the end of 2017. As a result of Punch’s internal review of the business, released alongside the … [Read more...]
BBPA writes to Secretary of State with concerns over changes to energy efficiency policy
The British Beer & Pub Association has today written to Energy Secretary Amber Rudd setting out the concerns of industry at the impact of recently-announced policy changes. Modifications announced at the Budget in March could mean extra costs of £44m across the pub sector (around £900 per pub). The BBPA is calling for clarity from the Government on what its future plans … [Read more...]
A Pint of London Pride for Astronaut Tim Peake
London Pride, the official beer sponsor of the Virgin Money London Marathon, has launched a pint of London Pride into space, with the help of the team from European Astrotech Ltd, from the The White Swan pub in Whitchurch for Astronaut Tim Peake. On Sunday 24 April 2016, Astronaut Tim Peake is planning to run the equivalent distance of the Virgin Money London Marathon on … [Read more...]