Christmas comes early for Young’s as party bookings surge hospitality One of the UK’s biggest pub groups has seen a surge in festive parties as the London-listed firm reported rising sales. Young’s, which operates nearly 300 pubs across London and the south of England, reported a 22 per cent rise in Christmas bookings compared to last year. “Christmas seems to be getting bigger every year,” [...]
FTSE 100 Live: Economy grows 0.1 per cent; Rolls-Royce eyes profit jump Markets Good morning from the CityAM liveblog team. The FTSE 100 is inching a step closer to the magic 10,000 mark after almost a year of outperforming counterparts across the Atlantic. London’s blue-chip index managed to rally to a 0.12 per cent gain in yesterday’s session closing at 9,911.42p. In the afternoon, it inched to a [...]
Pub bosses in joint call for ‘urgent’ tax reform hospitality Pub bosses have called for urgent reform of the business rates system, arguing that the levy places unfair pressure on hospitality venues at a time of rising costs across the board. Greene King boss Nick Mackenzie said that business rates should be “fundamentally reformed” so that the tax – which applies to all commercial venues [...]
Young’s: Pub giant raises dividend as earnings jump June 5, 2025 Pub and bar operator Young & Co’s has reported a significant jump its earnings despite surging costs. The hospitality firm, which has 277 pubs across the UK, told markets that revenue rose 24.9 per cent from £388.8m to £485.8m in the 52 weeks ended March 31. The nearly 200-year-old pub business said adjusted operating profit [...]
Wetherspoon, Marston’s and Young’s manage to fend off UK pubs crisis – for now May 13, 2025 Some of the UK’s biggest pub chains – JD Wetherspoon, Marston’s and Young’s – have all proved surprisingly resilient in avoiding the hospitality crisis predicted last Autumn. The London-listed companies have all reported better-than-expected trading over the last year, despite very low business and consumer confidence. In an update to markets this morning, Marston’s reported [...]
Britain’s independent brewers hit record turnover as small firms flounder January 30, 2025 Turnover of the UK’s top 25 independent breweries hit a record high of £1.72bn in the last year although there was a higher rate of insolvencies for small brewers, according to new data. The figure was up nine per cent year on year, according to national accountancy group UHY Hacker Young. The record turnover was [...]