Ei Group plc has today announced its results for the six months ended 31 March 2019. Political uncertainty has hindered growth but operational efficiency and consumer loyalty to locals helps deliver like-for-like net income growth. The completion of the disposal of 348 commercial properties in March was highlighted by CEO Simon Townsend, as a significant milestone for the … [Read more...]
The Kensington hotel appoints Nuno Lage as Bar Manager
The K Bar at The Kensington hotel is delighted to announce the appointment of Nuno Lage as Bar Manager. Joining the South Kensington luxury drinking destination with over a decade of experience, Nuno has previously worked in the bars of some of London’s most notable hotels, and will be unveiling a new concept and cocktail list at The K Bar. Nuno joins The Doyle Collection as … [Read more...]
Wetherspoon announce Q3 trading update
Wetherspoon have announced their Q3 trading update for the 13-week period to 28 April 2019. Current trading For the 13 weeks to 28 April 2019 like-for-like sales increased by 7.6% and total sales increased by 8.4%. Year-to-date like-for-like sales have increased by 6.8% and total sales have increased by 7.6%. Property Since the start of the financial year, the … [Read more...]
Pubs and restaurants benefit as consumer spending rises
Consumer spending grew by 2.5 per cent year-on-year in April, as milder temperatures encouraged Brits to go out and spend in restaurants and pubs. Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, shows that essential expenditure grew by 6.2 per cent in April. Non-essential spending overall saw more muted growth of … [Read more...]
Heineken invest £50 million creating 1,200 new pub jobs
Heineken has announced an investment of £50 million in their pub estate across the UK that will create circa 1,200 new jobs in hospitality. The ambitious investment programme will see everything from gardens, kitchens, bars, snugs (and even the all-important toilets), given a bespoke refurbishment to fit each pub’s individual character. Every pub will benefit from Smart … [Read more...]