Punch Taverns has released its Year End Trading Statement for the 52 weeks to 22 August 2015 showing full year profits in line with management expectations, with overall profit performance for the year in line with management expectations and previous guidance. Punch expects to report underlying EBITDA of between £193 million and £200 million. Douglas Jack of Numis promptly … [Read more...]
VAT cut would create 425,000 jobs in the sector
VAT Club Jacques Borel is calling on the government to cut the level of VAT on food and drink in the hospitality sector from 20 per cent to 10 per cent. It says the VAT cut will result in 425,000 new jobs being created across the UK in the pub, restaurant, catering and visitor accommodation sectors over a three year period, as a result of lower prices, improved food quality … [Read more...]
Zebrano Group to open fine dining in London’s financial district
Zebrano Bars have announced their plans for expansion into London’s City this autumn with the arrival of their third site, a restaurant, bar and late night lounge, Zebrano in the City. Opening in the shadow of the Gherkin this October, Zebrano in the City signals a new chapter for the group, offering fine dining for the first time. Zebrano was founded in 2004 by the founder … [Read more...]
Pub of the Year 2016 announced
The Good Pub Guide (Ebury Press, £15.99) is a national institution – a bible for pub-goers. Now in its 34th edition, it’s the UK’s No 1 bestselling guide and as invaluable as ever. It features over 5000 pubs with friendly and informative descriptions. Organised county by county, each section highlights Main Entriesthat have been fully inspected and carefully selected to … [Read more...]
Loyalty App for Snug customers
The Snug’s is launching a Loyalty App, allowing customers the chance to collect points when purchasing cocktails or burgers in one of their seven bars, and rewarded them in return with free cocktails, burgers or platters. The easy to use app will make it more accessible for regular customers to be rewarded for their continued loyalty. For tech-savvy millennials The Snug’s … [Read more...]