Latest news with #Marston's
Yahoo
02-06-2025
- Business
- Yahoo
Lake District pub can serve alcohol until 2am despite residents' noise concerns
A LAKE District pub can serve alcohol until 2am, despite residents' concerns over noise from the venue, after the proposed variations to its licence were approved this week. Members of Cumberland Council's licensing sub-committee met at Allerdale House in Workington on Monday (June 2) to consider the application. Wolverhampton-based Marston's submitted the licensing application to make the changes at Oddfellows Arms in Main Street, Keswick. The proposed changes included: The sale of alcohol 2am with the opening hours running until 2.30am; To match permitted live music hours with sale of alcohol; The playing of recorded music and late-night refreshment within current licensed areas to be matched with the sale of alcohol. Speaking after the evidence had been considered committee chairman, councillor John Mallinson (Houghton and Irthington, Conservative), told representatives from Marston's they had considered it very carefully and added: 'And we have decided to grant your application for the following reasons. 'We felt that your presentation was well thought out, well presented, and thoroughly professional. 'We found the designated premises supervisor (DPS) to be experienced and a competent individual who we have confidence in this venture. 'The noise concerns that were raised as an issue, we find that the existing conditions for noise control would appear to be sufficient and working well, and therefore, we grant your application as applied for.' During the meeting Deborah Fletcher, a council specialist in licensing and compliance, told members that an additional condition relating to a risk assessment on whether to deploy security on Friday and Saturday evenings had been agreed. Relating to the separate condition the report states: 'The DPS will complete a risk assessment to deploy security on Friday and Saturday evenings or when there is a specific event in the town that would impact the expected customer base, for example, bank holiday weekends, annual events or events that would increase footfall within the town and nighttime economy. 'This risk assessment should be retained on site and available for review by responsible authorities on request.' A Marston's spokesman told members that the permitted hours were currently 10am to 1.30am and the extra time would allow at a 'staggered' dispersal of customers. He said that Marston's was a national pub operator and the DPS also ran two other establishments in the Lake District town – The Twa Dogs and The George – and he had more than 22 years of experience in the industry. Members were told that there were no complaints from neither the police nor environmental health and the residents who had complained had not bothered to turn up for the hearing.
Yahoo
29-05-2025
- General
- Yahoo
Lake District pub could be serving alcohol until 2am despite residents' concerns
A LAKE District pub could be serving alcohol until 2am if the proposed variations to its licence are approved next week despite residents' concerns over noise from the venue. Members of Cumberland Council's licensing sub-committee are due to meet at Allerdale House in Workington on Monday (June 2). Wolverhampton-based Marston's has submitted an application to make the changes at Oddfellows Arms in Main Street, Keswick. The proposed changes include: The sale of alcohol 2am with the opening hours running until 2.30am; To match permitted live music hours with sale of alcohol; The playing of recorded music and late-night refreshment within current licensed areas to be matched with the sale of alcohol. Relating to a separate condition the report states: 'The designated premises supervisor (DPS) will complete a risk assessment to deploy security on Friday and Saturday evenings or when there is a specific event in the town that would impact the expected customer base, for example, bank holiday weekends, annual events or events that would increase footfall within the town and nighttime economy. 'This risk assessment should be retained on site and available for review by responsible authorities on request.' The application attracted four responses from residents with the first referring to previous issues with the premises, particularly the 'outrageous' volume of music that has reached properties located at the bottom of Lake Road. The second raised concerns that doors and windows at the premises are left open during events, allowing sound to travel and be clearly audible inside their property. The report states: 'They allege that patrons regularly sit in the outdoor garden area, where they sing along to music and shout, contributing to significant noise disturbance. 'The resident has asked whether any extension to drinking hours would include restrictions on use of the outdoor area, limit the timing of music, and ensure doors are kept closed.' According to the report the third offered a solution that if the variation is granted, a condition should be added requiring a reduction in the volume of music after 10pm to minimise disruption to nearby homes. And the fourth complained of ongoing nuisance caused by noise from patrons leaving the premises between midnight and 1am. The report adds: 'The resident states if the extension were to be granted, people would be leaving between 2am and 3am making noise in the car park and streets which in a residential area is a public nuisance.'
The Herald Scotland
28-05-2025
- Business
- The Herald Scotland
Tennent's Lager steadies ship after turbulent period
Those episodes led to C&C parting company with two chief executives, David Forde and Patrick McMahon, and chairman Ralph Findlay – the Scottish pub and brewing veteran who ran Marston's for many years – stepping in from the chairman's role to steady the ship. And there is no doubt life has settled down at C&C since shareholder confidence was rocked by the internal strife. Results announced to the City today revealed a resurgent performance by the Dublin-based drinks company, which saw operating profits surge by 17.1% to €77.1 million in the year to February 28. Read more: It was certainly a more benign update for chief executive Roger White to deliver to the market, after the first he presented shortly after joining the business in March containing a profit warning. Speaking to The Herald today, Mr White certainly did not give the impression that C&C was the finished article. But he expressed confidence that the worst of the problems at Matthew Clark Bibendum were over, with the wholesaling arm continuing to win customers and striving to recover the loss of confidence in the business. Yet there are big external challenges to navigate. While C&C may be able to master the internal errors that have hampered it over the last two years, the trading environment continues to be turbulent. As Mr White, a former long-standing boss of AG Barr observed, the hospitality businesses that C&C supplies are dealing with problematic costs just as consumers in many cases are struggling to 'make ends meet'. It was therefore, arguably the most optimistic assessment that Mr White could deliver when he said the firm was cautiously optimistic about the outlook. C&C did not alter its guidance for the current year today, and stuck by its expectation that profits will rise only 'marginally' on last year.
Yahoo
15-05-2025
- Business
- Yahoo
Marston's First Half 2025 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: UK£427.4m (flat on 1H 2024). Net income: UK£14.3m (up from UK£36.6m loss in 1H 2024). Profit margin: 3.3% (up from net loss in 1H 2024). EPS: UK£0.023 (up from UK£0.058 loss in 1H 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 40%. Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Performance of the British Hospitality industry. The company's shares are up 3.2% from a week ago. Be aware that Marston's is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scottish Sun
13-05-2025
- Business
- Scottish Sun
Thames Water bosses defend million-pound bonuses — despite firm's cash shortage, leaky pipes & hosepipe bans
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) BOSSES at Thames Water yesterday tried to defend their million-pound bonuses — despite the firm almost running out of cash and its leaky pipes being in such state customers face another summer of hosepipe bans. In a tense Westminster grilling, chairman Sir Adrian Montague revealed the company's 'cash box was very nearly empty' before it secured a £3billion lifeline from bondholders. Sign up for Scottish Sun newsletter Sign up 5 Sir Adrian Montague revealed Thames Water's 'cash box was very nearly empty' before it secured funding from bondholders Credit: PA 5 Chief exec Chris Weston added that it might have to 'restrict usage' this summer Credit: PA It is still working on a plan for a cash injection from private equity firm KKR to stave off nationalisation. Sir Adrian said Thames' crunch had been hair-raising as at one point the £22billion supplier had five weeks of cash left. Chief exec Chris Weston added that it might have to 'restrict usage' this summer. The troubled company is losing 56million tons of water every day. But despite revealing it will need £1.2billion to find and fix leaks, bosses defended their big bonuses. Mr Weston, who was parachuted in to turnaround Thames Water in December 2023, has already been criticised for receiving a £195,000 bonus just three months after joining. He is now in line for a 156 per cent performance bonus, worth £1.3million. It has emerged he will receive three more payouts linked to its loan agreed with creditors. By comparison, frontline staff will get three per cent bonuses. Mr Weston said his hefty pay was 'not the reason, but it was a reason for me joining Thames'. Doubling Compensation for Water Issues: Government's Big Move Sir Adrian told MPs that if Thames Water was 'unable to pay bonuses, headhunters will come knocking and we'll lose our talent'. He described the water company's boardroom team as its 'most precious resource'. Mr Weston said its troubles should be blamed on 'all actors', including a lack of consistency in the leadership of the business and Ofwat. Sir Adrian also made an appeal for Thames Water to be let off fines from the regulator for missing performance targets to get the company on a more stable financial footing. Separately, Mr Weston admitted that a £250million East London desalination plant — designed to turn sea water into drinking water — would not be functioning this year. He also questioned why it was built in the first place. PADDINGTON BEER THE spring sunshine — and a promotional tie-in with Paddington Bear — has had people flocking to beer gardens and boosting the spirits at Marston's. The pub chain said that sales had jumped by 10.5 per cent in the past five weeks, helped by warm weather, the Easter break and families treating each other on Mother's Day. 5 People have been flocking to beer gardens and boosting the spirits at Marston's Credit: Getty 5 A promotional tie-in with Paddington Bear helped lure in customers at its family-focused establishments A tie-in with Paddington, which saw the pub chain served marmalade sandwiches and marmalade chicken wings on kids menus, also helped lure in customers at its family-focused establishments. Meanwhile, its darts tournament with world No 1 Luke Humphries appealed to a more grown-up crowd. The firm's chief executive Justin Platt said the chain was now bringing in a Trivial Pursuit Win a Wedge quiz to help encourage punters through the doors. He said: 'We're focused on local pubs, which are incredibly resilient. But we're giving people another reason to visit. 'The nature of what the pub is used for is also changing — we have people working with laptops and charity meetings all happening at their locals.' The business toasted a return to the black with profits of £19million for the past six months. RUSH TO GET ON BEACH PACKAGE holiday giant On The Beach is gearing up for a record summer of bookings. The company said it expects sales to hit a new high as it reported a pre-tax profit of £3.3million for the first half of 2025 — up 18 per cent on the previous year. It claims package holidays have continued to 'buck wider UK consumer trends' and its summer bookings are currently 14 per cent up on last year. Amsterdam, Rome and Krakow are now popular destinations, following the Manchester-based firm's expansion into city breaks. It said its customers were prioritising four and five-star all-inclusive luxury holidays. WICKES' GARDENING LIFT GARDENERS making the most of the sunshine have helped uplift sales for DIY chain Wickes. Shares jumped almost 8 per cent as the retailer yesterday said it had boosted its market share. Retail sales rose 9.6 per cent to £396.7million in 17 weeks to April 26, offsetting a fall in kitchen and bathroom design and installations. Wickes saw its best ever week for garden compost sales over the early May Bank Holiday and sales to trades also picked up, rising 13 per cent. Trade customers are more valuable to Wickes as they typically spend ten times that of an average DIY shopper. The home improvement firm said it was 'well positioned to benefit from the warmer weather'. BEAUTY'S BEASTLY FIGURES REVOLUTION BEAUTY revealed it is facing a cash crunch in the latest blip for the troubled cosmetics firm. A string of challenges since listing four years ago include the ousting of its founders after a breach of contract and an accounting scandal. 5 Revolution Beauty revealed it is facing a cash crunch in the latest blip for the troubled cosmetics firm Credit: Revolution Beauty Shares fell 40 per cent yesterday — leaving it valued at £24million, compared to its £500million debut in 2021. It has scrapped 6,000 unprofitable products and launched more that appeal to its Gen Z customers. It said yesterday lower sales meant 'cash management has been tight' and it needs more capital. It was in 'active and constructive dialogue' with banks about extending its £32million loan facility It makes a quarter of its sales in the US and almost two-thirds in China. The firm said that it 'very much welcomes' the US-China deal to pause tariffs, and will restart shipments into the US from China. BIO FUEL 'AT RISK' ASSOCIATED BRITISH FOODS has warned the US-UK trade deal is a threat to Britain's bioethanol industry. The deal allows US imports of the petrol substitute into the UK, which ABF says will make domestic production unviable. It fears it will have to abandon purchases of wheat from British farms, forcing it to mothball its production site. But it says the sector, which employs 7,000 people, is a 'capability worth keeping'.
