Owner of Cockermouth brewer Jennings planning expansion
Last updated at 13:31, Thursday, 01 December 2011
The owner of Cumbrian brewer Jennings has toasted bumper profits of more than £80 million.
Marston’s has dodged the downturn to increase annual profits by nearly 10 per cent, making £80.4m in the 12 months to October 1.
The firm has also revealed that it wants to build another 25 pubs next year, creating an extra 1,000 jobs.
One of those is planned for Carlisle’s Kingmoor Park, where the firm has revealed proposals for a £2.5m pub/restaurant next to the city’s new bypass.
Marston’s bought Cockermouth brewer Jennings, brewer of draught and bottled beers including Cumberland Ale and Sneck Lifter, in 2005 when it was known as Wolverhampton and Dudley Breweries.
The firm also owns the Pitcher & Piano and Tavern Table gastropub brands.
Its strong financial performance this year was built on increases in food sales at its pubs. The business sold more than 26 million meals in its managed pubs – at an average spend per head of £6.10 – as customers went in search of “affordable treats” during the economic downturn.
Chief executive Ralph Findlay said the company’s strategy of opening purpose-built pubs would continue, following the opening of 19 pubs in the last year.
He added: “Pubs make a real contribution to employment, and the Government can help by recognising that its policies on taxation, and beer duty in particular, are damaging to pubs, brewers and jobs.”
The firm reported strong demand for its real ales.
It said its strong performance continued in recent weeks, with like-for-like sales up three per cent, compared to 2.9 per cent in the full-year. The group said it will spend about £63m opening new pubs in areas of high traffic flow such as retail parks.
First published at 11:30, Thursday, 01 December 2011
Published by http://www.newsandstar.co.uk
Have your say
- Government backs plan to divert traffic away from Warwick Bridge (26 comments)
- A595 is Cumbria's most dangerous road, police figures show (29 comments)
- Calls for action on future of derelict Carlisle hotel (38 comments)
- Improving A66 and A69 road 'very tricky and complex' says highways boss (48 comments)
- Dogs banned from some parks and spaces in Cumbria (62 comments)
- Hundreds offer to quit Cumbria County Council (50 comments)
- Parking ban on staff at Carlisle's Cumberland Infirmary (116 comments)
- National Grid reveals route for new power lines network (36 comments)
- New council base could bring hundreds of jobs to Workington (17 comments)
Court & crime
|NEWS & STAR ON:|
- John Lewis still in talks over proposed closure of Carlisle depot
- Discount chain Lidl to open bigger store in Carlisle
- Time running out to enter CN Group Business Awards
- New people wanted for Cumbria's LEP board
- Carlisle's Bendalls Engineering clinches big Sellafield contracts
- US billionaire buys north Cumbrian brewery
- Travelodge chain identifies Keswick for new hotel
- Accountancy giant Baker Tilly takes over Cumbrian consultancy
- Number of insolvencies down in Cumbria last year
- Cumbrian print firm's poster goes viral - but fails to attract trainees
- Carlisle man rushed to hospital from Kendal Calling
- Rare bird nesting in Cumbrian quarry draws big crowd
- Kendal Calling drugs arrests: Four released on bail
- Haaf netter struggles to safety after Solway tide drama
- Shortage of Cumbrian firefighters 'extremely worrying'
- Woman found child porn images on husband's computer
- Woman dies after falling from path at beauty spot
- Sir Tom Jones: Live in Carlisle
- Construction workers at Sellafield begin industrial action
- Kendal Calling festival: Cumbrian man, 18, who died identified