Caffe Culture returns to London’s Olympia, (14 and 15 May, 2014) for the ninth consecutive year, continuing to be a focal point for establishments looking to provide a quality hot beverage provision. Featuring over 200 exhibitors and 5,000 trade visitors across the two days, it is an event not to be missed. Innovations, food and drink, technology, business advice... With a … [Read more...]
Greene King Plc sells 275 non-core pubs
Greene King plc has agreed the sale of 275 non-core tenanted and leased pubs to Hawthorn Leisure Limited, backed by Avenue Capital Group and May Capital LLP, for a total consideration of £75.6m. The sale continues the reduction of its tenanted and leased estate, and the funds generated will enable Greene King to acquire more sites to add to its ‘retail’ expansion, or to reduce … [Read more...]
MPs to be lobbied over VAT
The Jacques Borel VAT club has produced a template letter to encourage operators to lobby their local MP over a reduction in VAT in the sector. The letter, which is available on the Jacques Borel website, has been produced as a result of a number of requests from operators for guidance on how to frame their own local lobbying. Borel said: “It is clear that operators want to … [Read more...]
Greene King trading update: Continued Strong Trading Momentum
Greene King has released its pre-close trading update for the 52 weeks to 27 April 2014, showing continuing sales growth, and with ‘cautious optimism for the forthcoming financial year’. Highlights Retail like-for-like (LFL) sales up 4.1% and up 4.8% in the last 16 weeks 22nd consecutive quarter of LFL sales growth Food LFL sales up 5.0% and room LFL sales up … [Read more...]
Hospitality Sector annual performance benchmark on energy consumption
For the first time, leading pub and restaurant groups, representing 80% of managed outlets across the UK, have come together to benchmark their efficiency on energy consumption and to understand its impact on profitability and environmental performance. Energy is now the second highest controllable cost factor for the sector after labour and, with rising energy prices and … [Read more...]