Mitchells & Butlers has reported results for the 52 weeks ended 26 September 2015, with Phil Urban, Chief Executive, commenting: "In the last year we have increased our earnings by 9.5%, and I am delighted to announce the resumption of the dividend. “Since joining Mitchells & Butlers in January I have seen first-hand the potential within the business. The market … [Read more...]
Year round Oktoberfest at Edinburgh’s first real Bier Keller
The spirit of Oktoberfest will be celebrated 365 days a year in Edinburgh as the opening of the city’s first authentic German Bier Keller brings a flavour of Bavaria to the capital. The famous Frankenstein bar on George IV Bridge has opened its basement doors to reveal a traditional German beer cellar. Open until 1am on weekdays and 3am at weekends there will be DJ music and … [Read more...]
Fuller’s strong first half and momentum
Fuller’s has reported its half year results for the 26 weeks ended 26 September 2015, with Chief Executive Simon Emeny commenting: “We have had a strong first half with all areas of the business in growth, demonstrating the clear trading momentum underway in the business. It is particularly rewarding, coming on the back of a good prior year. During the last six months, our … [Read more...]
Report reveals Pubs carrying huge tax burden from business rates
Britain’s pubs carry one of the heaviest tax burdens in the UK economy, says a new report from Oxford Economics for the British Beer & Pub Association (BBPA). £140,000 for every pub The full report shows that the industry’s total tax bill amounts to a staggering £7.3 billion, or £140,000 for every pub, representing 34 pence in every pound of turnover. In terms of the … [Read more...]
Industry bodies call for fairer deal on business rates
With the Chancellor due to deliver his Autumn Statement on 25th November, key pub industry bodies have written jointly to George Osborne, calling for further action to secure a fairer deal for pubs. The letter, from the BBPA, ALMR, FLVA, BII, SIBA, BFBI, BSDA, and GMV, sets out three Business Rates priorities for pubs: Freeze the business rates multiplier, benefiting all … [Read more...]