Business Highlights Operating profit1 up 7.3% to £322m Profit before tax1 up 26.1% to £169m Net cash inflow of £303m in the year Retained Estate2 like-for-like sales up 2.8% in the year Retained Estate like-for-like food and drink sales up 4.7% and 1.4% respectively Retained Estate operating profit of £285m up 14% with margin up 1.9% points to … [Read more...]
“On Trade” falling off cliff, down 37.5% in the year to August
HMRC FIGURES TODAY SHOW UNSTEADY AND UNEVEN RECOVERY IN ALCOHOL VOLUMES RELEASED FOR UK CONSUMPTION Beer sales fell again in the year to August with beer sales in the “on trade” falling off cliff – down 37.5% - as pubs price themselves out of the market and close says GMB Total alcohol volumes released for UK consumption in the year to August 2010 are up 2.3% on the … [Read more...]
Refresh your Menu Boards and protect your profits
Worried that you will lose your customers if you put up your prices in line with the VAT increase from 4th January 2011? By approaching change with your customers in mind highlighting the value in what you offer through your tariff menu boards can be a positive start to the New Year for both you and your customers. Tastemodern design specialists have found in their … [Read more...]
Birmingham City University’s ‘Pub’ MSc heads for prestigious award
Birmingham City University’s MSc in Multi-Unit Leadership, has been shortlisted for a prestigious award. The course, which is run in conjunction with the University’s Business school (Birmingham City Business School) and Mitchells & Butler has been shortlisted for the ‘Best Original Employment Initiative’ Award by Personnel Today. The Award ceremony which take place … [Read more...]
GMB raise brewery issue with OFT
Through a press release the GMB have claimed, that not only are some pub licensees being bullied by Pubcos but also small brewers are equally in the same situation, because Pubcos have so much power. The GMB are writing to the Office of Fair Trading following a complaint from a pub tied tenant in Liverpool over independent brewer Titanic refusing to supply beer to a local … [Read more...]