Pubs group Greene King to create 3,000 new jobs

 

The owner of Hungry Horse and Loch Fyne Restaurants said today that 3,000 new jobs are on the menu as it gears up for more growth in the eating-out market.

Suffolk-based Greene King wants to create the roles over three years as part of plans to boost its estate to 1,100 managed pubs and restaurants, up from 950 currently.

The expansion has been driven by strong food sales as consumers trade down from more expensive restaurant-only competitors.

Greene King said new sites and strong demand helped total food sales jump 16.3% in the first six months of its financial year.

Overall revenues were a record £527.5 million, up 9% on a year earlier, and meant profits for the group lifted by 5.6% to £73.1 million in the six months to October 16.

The company said today that there were more opportunities for growth.

"Our annualised food sales are over £300 million in a fragmented, growing UK market worth around £40 billion."

It added that current trading remained strong, with a 12% increase in Christmas bookings despite the current economic climate.

Rival Marston's is also expanding after pledging yesterday to build another 25 pubs in a move set to create 1,000 jobs over the next year.

Greene King, which currently employs 20,000 people across its managed pubs, brewing and tenanted pub division, has created 800 apprenticeships as part of its recent expansion and expects this figure to rise to around 2,000.

Keith Bowman, equity analyst at Hargreaves Lansdown stockbrokers, said: "While the consumer environment remains challenging, Greene King is another company proving that with the right offering, progress can still be made."

PA

Start your day with The Independent, sign up for daily news emails
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Business Development Executive / Sales - OTE £40,000

£18000 - £40000 per annum: Recruitment Genius: This fast growing Insurance Bro...

Guru Careers: Research Associate / Asset Management Research Analyst

£40 - 45k (DOE) + Benefits: Guru Careers: A Research Associate / Research Anal...

Ashdown Group: Finance Accountant - Financial Services - Central London

£30000 - £35000 per annum + benefits : Ashdown Group: Finance Accountant - Fin...

Ashdown Group: Chief Technology Officer (CTO) - Glasgow

£90000 - £98000 per annum + benefits : Ashdown Group: A truly exciting opportu...

Day In a Page

Solved after 200 years: the mysterious deaths of 3,000 soldiers from Napoleon's army

Solved after 200 years

The mysterious deaths of 3,000 soldiers from Napoleon's army
Every regional power has betrayed the Kurds so Turkish bombing is no surprise

Robert Fisk on the Turkey conflict

Every regional power has betrayed the Kurds so Turkish bombing is no surprise
Investigation into wreck of unidentified submarine found off the coast of Sweden

Sunken sub

Investigation underway into wreck of an unidentified submarine found off the coast of Sweden
Instagram and Facebook have 'totally changed' the way people buy clothes

Age of the selfie

Instagram and Facebook have 'totally changed' the way people buy clothes
Not so square: How BBC's Bloomsbury saga is sexing up the period drama

Not so square

How Virginia Woolf saga is sexing up the BBC period drama
Rio Olympics 2016: The seven teenagers still carrying a torch for our Games hopes

Still carrying the torch

The seven teenagers given our Olympic hopes
The West likes to think that 'civilisation' will defeat Isis, but history suggests otherwise

The West likes to think that 'civilisation' will defeat Isis...

...but history suggests otherwise
The bald truth: How one author's thinning hair made him a Wayne Rooney sympathiser

The bald truth

How thinning hair made me a Wayne Rooney sympathiser
Froome wins second Tour de France after triumphant ride into Paris with Team Sky

Tour de France 2015

Froome rides into Paris to win historic second Tour
Fifteen years ago, Concorde crashed, and a dream died. Today, the desire to travel faster than the speed of sound is growing once again

A new beginning for supersonic flight?

Concorde's successors are in the works 15 years on from the Paris crash
I would never quit Labour, says Liz Kendall

I would never quit party, says Liz Kendall

Latest on the Labour leadership contest
Froome seals second Tour de France victory

Never mind Pinot, it’s bubbly for Froome

Second Tour de France victory all but sealed
Oh really? How the 'lowest form of wit' makes people brighter and more creative

The uses of sarcasm

'Lowest form of wit' actually makes people brighter and more creative
A magazine editor with no vanity, and lots of flair

No vanity, but lots of flair

A tribute to the magazine editor Ingrid Sischy
Foraging: How the British rediscovered their taste for chasing after wild food

In praise of foraging

How the British rediscovered their taste for wild food