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City Pub Group trading nears levels seen in 2019 as restrictions lift cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
How has City Pub Group traded after lockdown? morningadvertiser.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningadvertiser.co.uk Daily Mail and Mail on Sunday newspapers.
Streetwise - Remembering When - Western Neighborhoods Project outsidelands.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outsidelands.org Daily Mail and Mail on Sunday newspapers.
Speaking to The Morning Advertiser ( MA) after the release of City Pub Group’s 2020 financial results statement – which saw pandemic restrictions hit its revenue to the tune of £34.2m in the 52 weeks ended 27 December 2020 – executive chairman Clive Watson described the confirmation of indoor pub reopening on 17 May as a “relief” but “no great surprise”. “I think people in this country are on the whole very compliant, so I think it will give them confidence, now they know they can go indoors, to start heading back towards the pub,” Watson told The MA. “So, I think that s good news as well.” ....
Excellent position: the early signs since we have been allowed to trade outdoors have been very heartening, City Pub Group s Clive Watson said Despite pandemic restrictions hitting its revenue for £34.2m in the 52 weeks ended 27 December 2020, City Pub Group is in an ‘excellent position’ as the country reopens according to its executive chairman. According to its final results for 2020, the operator of a freehold estate of 45 wet-led pubs across London, southern England and Wales, recorded revenue of £25.8m – 57% less than the £60m figure from 2019 – due to “lengthy closure periods”. The operator – which recently acquired a 49% stake in the Kensington Park Hotel and increased shareholding in Mosaic Pub and Dining Group to 24% - also registered a £5.1m loss compared to a £5.3m profit in 2019. ....