UK Freehold Pubs, Clubs, Wine Bars, Hotels For Sale: Good Weather Boosts Pubco Sales

Good Weather Boosts Pubco Sales

British pubs operator and brewer Fuller Smith & Turner (FSTA.L) posted a 4.1 percent rise in like-for-like sales at its pubs and hotels division for the 16 weeks to July 17, helped mainly by good summer weather, reports Reuters

"After some glorious summer weather there are economic clouds on the horizon, but I am confident that our strategy ensures the company is well placed to deliver for its shareholders even in these continuing uncertain times," Chairman Michael Turner said in a statement.

The 165-year old company, which has 366 pubs in the south of England, also named Simon Emeny as the group managing director.

Net debt stood at 102.0 million pounds ($155.7 million) on June 26, down from 107.7 million pounds on March 27, Fuller said.

via pubs-for-sale.biz

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