Pubs face ‘double whammy’ of tax hikes as hundreds call last orders for good hospitality Around 50 pubs per month ‘vanished’ from England and Wales in the first half of the year as hospitality struggled with costs and tax rates. The overall number of pubs in England and Wales, including those vacant and being offered to let, fell to 39,096 at the end of the first half of 2024, down [...]
Wetherspoons pubs to make huge price cuts in VAT protest hospitality Pub giant JD Wetherspoon will make a huge cut to its prices next week in a bid to highlight what it describes as the benefit of a permanent VAT reduction in the hospitality industry. The London-listed giant, which has sites across the country, will be reducing the price of its food and drink by 7.5 [...]
Young’s sees summer of sport boost business: We’re in “brilliant shape” says outgoing chairman Business Young’s has announced a rise in revenue of 26 per cent since the start of the new financial year on the back of a boost from the UK’s summer of sport. The Euros and Wimbledon have dominated pubs’ TV screens and sent countless customers to bars and beer gardens to make the most of the [...]
Fuller’s pub chain optimistic on easing inflation and urges business rates cut July 23, 2024 Fuller Smith & Turner has continued its strong recovery. The pub chain said sales at the London-listed company grew by 5.3 per cent for the first 16 weeks of the financial year, boosted by major events including the Euro football championships. At the beginning of June the company said like-for-like sales in the 52 weeks [...]
‘Last call’ — Stonegate pubs founder to step down November 17, 2023 Payne, a 50-year stalwart of the on-trade sector, started out his career working through the ranks at the likes of Guinness and Bass taverns in the 1970.
Young’s adds City Pub Group to growing empire in £162m deal November 16, 2023 Young's will add 50 pubs and more than 200 hotel rooms, with the group also reporting demand in London now higher than pre-pandemic
London’s Thirsty Thursdays help City Pub Group shares soar five per cent April 18, 2023 Shares in the City Pub Group rose 5.03 per cent to 83.50p after the firm delivered better than expected results and claimed it was “well-positioned to acquire other quality pubs at the right price”. The founder and chairman of City Pub Group said London had been the “key driver” to the group’s recovery as it [...]