By Angela Green: Adnams and Elland Brewery bellwether cost of doing business crisis. Adnams has entered the process of calling in advisers to explore options to raise funds to secure its financial future. The Suffolk brewer said in a statement: “As a business of more than 150 years, and ever mindful of the challenges faced by the hospitality and brewing industries in recent … [Read more...]
Oakman release positive financial and strategic year end report
By Angela Green: Oakman release positive financial and strategic year end report. Oakman Group have announced filing accounts for the financial year ending 2 July 2023, during this period sales rose by over 6% from £54.4m to £57.8m and EBITDA was £1.8m. Oakman also reports a strong end to the first half of financial year 2023/24 with sales over the Christmas … [Read more...]
Greene King announce inclusive Fertility & IVF Treatment Policy
By Angela Green: Greene King announce inclusive Fertility & IVF Treatment Policy. Greene King has announced its inclusive Fertility & IVF Treatment Policy, the latest addition to its suite of family-friendly policies, recognising every person’s experience of fertility treatment is unique and different, with no two experiences the same. The policy has been designed … [Read more...]
North East pub entrepreneurs add third pub to portfolio
By Angela Green: North East pub entrepreneurs add third pub to portfolio. North East pub operators, Craig and Stacey Wright, have added a third pub to their portfolio, The Big Jug on Claypath in Durham. They are undertaking a major £400,000 upgrade of the pub with Star Pubs & Bars. The pub will reopen mid-March in time for Easter with 10 jobs being created … [Read more...]
Brakspear acquire two Hampshire pubs from New Dawn Pubs
By Angela Green: Brakspear acquire two Hampshire pubs from New Dawn Pubs. Brakspear is expanding its leased and tenanted estate into Hampshire with the purchase of two pubs in the county from New Dawn Pubs. The Rose & Crown near Alton and The Royal Exchange near Bordon will join Brakspear's 110-strong L&T estate. Both pubs benefit from idyllic village locations, … [Read more...]
Dodo announce latest acquisition
By Angela Green: Dodo announce latest acquisition. Dodo Pub Co. has announced the latest addition to its pub portfolio following acquiring The Sudeley Arms in Cheltenham. Increasing its portfolio to eight, this will be the second site in the town for Dodo Pub Co. joining the Bottle of Sauce on Ambrose Street. Following in the footsteps of the BOS, as its affectionately … [Read more...]
GMB warn 650 Stonegate pubs at risk as TDR looks to refinance £2.6 billion debt
By Angela Green: GMB warn 650 Stonegate pubs at risk as TDR looks to refinance £2.6 billion debt. The GMB Union has warned that Stonegate, the UK’s largest pub company, with more than 4,500 pubs and more than 19,000 workers could be at risk as private equity parent company TDR capital seeks to refinance £2.5 billion of debt. According to the GMB, more than 650 Stonegate … [Read more...]
BrewDog cancel paying real living wage
By Angela Green: BrewDog cancel paying real living wage. BrewDog has announced it’s no longer willing to pay new employees the real living wage, from April new workers will receive the UK government's national minimum wage of £11.44 an hour, below the £12 cost of living-based rate. The brewer and publican said the move was part of an effort to return to profitability … [Read more...]
NTIA member businesses estimate 2-3 months to survive without government help
NTIA member businesses estimate 2-3 months to survive without government help The Night Time Industries Association (NTIA) has released the results of a comprehensive flash poll involving over 453 NTIA member businesses within the UK's Night Time Economy (NTE). The poll aimed to evaluate trading levels and impacts over the festive period, revealing critical insights that … [Read more...]
Prison based training academy enables offers of employment to trainees
By Angela Green: Prison based training academy enables offers of employment to trainees. People in custody at HMP & YOI Grampian have been given a life-changing offer of employment after graduating from Scotland’s first prison-based ‘Greene King Training Academy’. The new partnership between the Scottish Prison Service (SPS), pub company and brewer Greene King, and … [Read more...]
Greene King bring Christmas joy to the lonely this Christmas
By Angela Green: Greene King bring Christmas joy to the lonely this Christmas. Six million or one in seven people across the UK will go through Christmas Day without a person to person conversation this year, according to new research from Greene King. A nationally representative survey found that, of those spending Christmas Day alone, 16% will do so because their … [Read more...]
Brakspear makes two board level changes
Brakspear makes two board level changes. Brakspear has made changes to its senior management team with promotions for two of its top executives. Property manager Tony Lewis is promoted to property director and joins the Brakspear board, while chief financial officer David Nathan becomes chief operating officer. Lewis has run Brakspear's property division for 12 … [Read more...]
Greene King surpasses fundraising target for ‘We LOVE Macmillan Nurses’
By Angela Green: Greene King surpasses fundraising target for ‘We LOVE Macmillan Nurses’. Greene King has surpassed its fundraising target for its ‘We LOVE Macmillan Nurses’ campaign, raising over an incredible £900,000. The vital funds raised could pay for around 27,000 hours of Macmillan nurses’ time, helping people living with cancer and their families receive … [Read more...]
Oakman updates shareholders on challenges, positive trading, and future liquidity event
By Angela Green: In a recent shareholder letter, the CEO of Oakman Group, Peter Borg-Neal, updated on the company’s response to sector challenges, improvements in trading and a future liquidity event for shareholders. Borg-Neal commented that “group sales for the last financial year (June 2023) were 8% ahead of the prior year at just under £70m. In addition, … [Read more...]
CAMRA calls out Pubs Code review as government backing the ‘big guys’ at the cost of tied tenants
By Angela Green: Pub & Bar News is sponsored by Newbridge Software Laws governing the relationship between pub owning businesses and the tied tenants who run those pubs won’t be changed or improved, the government announced yesterday. It comes as the Department for Business and Trade published its response to a statutory review of the Pubs Code for England and Wales … [Read more...]