Fullers' profits swell with Pride
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.ON THE back of a surge in popularity for London Pride, its flagship beer, Fuller Smith & Turner yesterday posted an 11 per cent jump in annual profits.
The London-based brewing and pubs group said its underlying profits had jumped to pounds 14.2m, in a year which included a poor summer and a weak Christmas season.
The success of London Pride, sales of which grew by 6 per cent, contrasted with a 13 per cent fall in sales of traditional cask ales throughout Britain's pubs.
Anthony Fuller, the group's chairman, said consumer confidence had returned to the pub sector in February and March after a slow summer. Drinkers flocked back to its pubs - which include the Fine Line and Broadwalk chains as well as traditional pubs - during the Easter and May Day bank holidays.
Like-for-like sales at Fuller's managed pubs stood still. The group said the minimum wage and working time directive would cost it pounds 0.5m. Fuller's shares closed up 17.5p at 547.5p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments