Greene King cheers a fine summer for pubs
Wednesday 04 September 2013
Summer sunshine has boosted Greene King, as the pubs and brewery company reported sales up 4.6 per cent in the first 18 weeks of its financial year, and showed growth of 5.6 per cent in the last 10.
"This performance has been helped by some one-off factors, including the feel-good factor from continued British sporting success and the arrival of the Royal baby, combined with much improved weather over the summer months," Greene King's chief executive Rooney Anand said.
The group, which includes Hungry Horse, Old English Inns and Loch Fyne restaurants, said the strongest growth had come in food and accommodation as more people took their holidays in the UK.
Beer sales are up by 2.7 per cent, with Old Speckled Hen leading the way with sales up 7.9 per cent.
Rival Punch Taverns also enjoyed a seasonal upturn in the final weeks of its financial year to mid-August. While sales for the 52 weeks fell by 2.4 per cent they were marginally up by 0.4 per cent in the final quarter.
- 1 Kermit the Frog has a new girlfriend named Denise
- 2 The excuses your boss is most likely to believe when you call in sick
- 3 Moscow voted the world's unfriendliest city
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The one chart that shows how George Osborne is almost certainly going to be our next Prime Minister
The excuses your boss is most likely to believe when you call in sick
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Bono's group has made more money from Facebook investment than from all his music
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum: Recruitment Genius: We are a vibrant and establishe...