Company
Fuller Smith & Turner PLC
LON:FSTA
Fuller, Smith & Turner PLC's mission is to be the benchmark in retailing and brewing, delivering quality, service and pride in everything we do. Fuller, Smith & Turner is traded in the ISDX Exchange HERE
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Pub Christmas meals may be sold at a loss after ingredient prices surge
“If you say it's £35 for a three-course meal and the price of turkey and smoke salmon goes through the roof, you’re stuck having to honour that price.”
Fuller’s hopes for boost from World Cup and Christmas but cautions on impact of tougher trading climate
"While we look forward to our first Christmas free of restrictions for three years, and the added bonus of a FIFA World Cup, we are trading in an increasingly challenging environment," said chief executive Simon Emeny
Fuller's sees surge in energy costs just as sales start to recover from pandemic
“Businesses across the hospitality sector are experiencing unsustainable increases in energy costs," said Fullers CEO Simon Emeny
Fuller says sales bounce back to pre-pandemic levels
"Our premium offer and effective supply chain management provide a degree of protection,” chief executive Simon Emeny said
Fuller, Smith & Turner welcomes 'gradual return of workers to the City'
The company announced a new valuation of the total property portfolio at £995.6mln, which is roughly £400mln above the current book value
Fuller, Smith & Turner mourns cancellation of office parties at Christmas
Not surprisingly, Fuller's welcomed the government's decision to lift Covid-10 restrictions.
Fuller Smith & Turner desperate for 19 July reopening
"Trading with social distancing is like trading with one arm behind your back”
Chain pubs, restaurants sales only down 24% in first week of reopening despite outdoor-only rule
However, only 39% of venues were open for on-site dining and drinking during the period
Fullers plans fundraising to boost balance sheet ahead of reopening
The publican said it is aiming to place up to 6.5mln new ‘A’ shares at a price of 830p each to ensure it is “as well positioned as possible to reopen strongly once trading restrictions are lifted”
Fuller, Smith & Turner downgraded by Peel Hunt following share price surge
The broker also forecast that for its interim results, due on November 26, the publican will report revenues of £50mln and an adjusted pre-tax loss of £21mln, reflecting the impact of the first national UK lockdown
Fuller's opts for cautious reopening schedule on 'Super Saturday', delays results release again
The publican said it will open only 27 of its pubs tomorrow, although it expects 80% of its managed pubs and hotels to have reopened by the end of July
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FTSE 100 loses Thursday's gains to close firmly in red as US virus fears swirl
Lacking the usual lead from US markets, which are closed today, the Footsie closed firmly lower on Friday
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Quiet Friday marked by final results from publican and brewer Fuller, Smith & Turner
Fuller's is the only firm scheduled to report results the day before Britain's pubs will be able to reopen their doors
Fuller, Smith & Turner suspends dividend and furloughs ‘vast majority’ of staff as pandemic keeps pubs shut
The publican has also cancelled all commercial rent payments for its pub tenants while its CEO and other board members have taken a 25% pay cut
Fuller, Smith & Turner warns of ‘material reduction’ in trading as coronavirus forces closure of all pubs
Last Friday, the UK government ordered all pubs and restaurants to close their doors until further notice in a bid to reduce the spread of the virus