Sun shines on Fuller's first quarter
21st Jul 2009 07:29
London-based pub company Fuller's is another hot weather beneficiary with sales boosted by the sun in the 16 weeks to 18 July 2009. "As the sun has shone, our customers have defied the economic gloom to come and enjoy our outstanding cask conditioned ales, delicious food, great wines and exemplary
Read moreThursday preview: Pub groups, Autonomy
15th Jul 2009 16:32
Investors are in danger of becoming punch drunk from a succession of trading updates from pub groups this week, although the statements thus far from Young & Co. and JD Wetherspoon have been broadly upbeat, especially so in the case of Wetherspoon. Those two companies will only served to have raise
Read moreLondon close: Good gains for FTSE 100
5th Jun 2009 17:00
Footsie finished with good gains Friday as buoyancy in the mining sector and economic optimism from the US cancelled out the effects of continued political uncertainty here. Mining stocks were at the forefront of the advance on the back of strong metal prices and excitement at closer ties between h
Read moreLondon afternoon: Wall Street boost for London
5th Jun 2009 14:22
London's rise has been given extra impetus by expectations of a strong opening on Wall Street in the wake of better than expected US first-time jobless claims. Mining stocks continue to be at the forefront of the advance on the back of strong metal prices and excitement at closer ties between heavy
Read moreBroker snap: Results justify Fuller's premium rating
5th Jun 2009 13:12
Underlying profits at brewer Fuller, Smith & Turner were, unlike its beer, flat, but this represents a strong performance in the current environment, and one that was slightly ahead of market expectations. Profit before tax, excluding exceptional items, eased 1% to £22.8m from £23m the year before
Read moreLondon midday: Upward trend continues
5th Jun 2009 12:11
Blue-chips shares continue to push ahead, led by minders in the wake of the decision by Rio Tinto to change tack with regards to its fund raising plans. Rio Tinto has capitulated to shareholder pressure and ditched its controversial $19.5bn refinancing deal with state-owned Chinese aluminium produc
Read moreFullers profit drops in 'difficult' year
5th Jun 2009 07:56
London- focused pub group and brewer Fuller, Smith and Turner reported a drop in profits in what it called a 'very difficult year given tough market conditions'. Profit before tax fell to £14.4m in the year ended 28 March compared with £23.8m last time on revenue up 3% to £210m. The final dividen
Read moreBroker snap: MPs' report a bitter blow for pubcos
13th May 2009 12:00
A Parliamentary report calling for the reform of the business model adopted by pub companies has sent the sector into a tailspin. The report has called on the Competition Commission to investigate the tied arrangement - referred to in the trade as 'wet rent' - that requires pubs to buy beer and oth
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