Latest research from CGA Strategy’s Trading Index highlights that like for like sales in Managed Food Pubs within the M25 are worse than outside the M25 and suggests that the food pub market may be becoming saturated. Whilst total Managed Food Pub sales within the M25 have increased year on year by +6.7%, with the rest of the country performing at +5.1%, this is due to … [Read more...]
Botanic Inns in administration
Northern Ireland's biggest pub chain is reported to be in administration but the pubs, restaurants and hotels will continue trading whilst administrators KPMG seek a buyer or buyers for the business. Botanic Inns employs some 600 people in its 16 businesses, but has not been able to fight through the combination of reduced trading in the economic downturn, rent levels set … [Read more...]
JD Wetherspoon reports sales up 6.3%
JD Wetherspoon plc announced its Interim Management Statement for the period up to 7 May 2013, incorporating the 13 week period to 28 April 2013. Current trading For the 13 weeks to 28 April 2013, like-for-like sales increased by 6.3% and total sales increased by 9.3%. In the year to date (39 weeks to 28 April 2013), like-for-like sales increased by 6.7%, and total sales … [Read more...]
Chancellor acts just in time: statistics show 26 pubs closing every week
CAMRA, the Campaign for Real Ale, has just published the latest CGA CAMRA Pub Tracker statistics which show that 26 pubs a week closing in the UK between September 2012 and March 2013. The statistics show that the rate of pub closures across the UK rose from 18 top 26 during the last 6 months up to March this year: clearly, the cut in beer duty and the scrapping of the beer … [Read more...]
Top 100 UK pub poker players set for Las Vegas!
Ten lucky pub poker players from across the UK have secured the last ten places available to win a trip to Las Vegas after finishing in the top ten of the latest Redtooth Poker Vegas 100 tournament. More than 200 of the best pub poker players in the country took part in the second national semi-final at Genting Club Sheffield, with the best ten now joining ninety other … [Read more...]