Langton Capital – 2025-06-06 – Energy costs, tied tenants, beer, Pret a Manger, easyHotel & other:
Energy costs, tied tenants, beer, Pret a Manger, easyHotel & other:A DAY IN THE LIFE: Well, it has rained a bit this week and, when I last checked, water was dripping from the garage roof’s guttering into the oil drum that we use as a water butt. Which is great but, as they say, a watched pot never boils and, as I can attest, a watched oil drum doesn’t fill with water. At least not very quickly. And shouting at it doesn’t help so I did the maths. There are about 20,000 drops of water in a litre and about 159 litres in a standard, 35 gallon barrel and, as the water was cascading into it at about two drops a second, that means the thing would take about two and a half weeks to fill up and that’s if it rained solidly the whole time. Which is about two and a half weeks longer than I was prepared to stand there watching it so, I can either ignore the problem or clean out the guttering a bit to give it a chance. Or, as it’s virtually the weekend, I could open a beer and resign myself to watching the plants wilt the next time the sun shines. Have a good one and let’s move on to the news: LANGTON EMAIL: The Free Email is now written in short form. Extended versions of many stories (after the ellipses) are in the Premium Email. Reply to this email if you would like to upgrade. Prices for the Premium are £395 for one subscription, £695 for multiple, £995 for very large subscribers, all plus VAT. Or sign up for easy in, easy out monthly option per subscriber HERE https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=87YUG2Z5W7PSN PUBS & RESTAURANTS: Energy costs CBI SEO Rain Newton-Smith yesterday told business leaders and politicians at the organisation’s National Business Dinner in London that ‘the security of our economy, rests on the success of our industry.’ She said ‘UK firms pay among the highest electricity bills in the world. 50 per cent more than France or Germany, four times more than the US and Canada. There is not a business in this room untouched by that….’ • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Annual Tied Tenants Survey: The 2025 survey has concluded that tenants of the largest pubco tend to be the most dissatisfied. The satisfaction level of tied tenants at Stonegate, which owns Enterprise Inns, fell by four percentage points year-on-year to 43%…. • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. The Outlook for Beer: The Heineken Beer Report 2025 suggests that there remains much to go for in the on-trade as consumer habits evolve. It says that beer is the fastest-growing drinks category in the UK On-Trade with growth of 3% over the past 12 months. it adds that some segments have performed more strongly than others with Classic Bitter Ale and Stout up 15% in value terms… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Other news: USA. Nielsen data suggests that Gen Z consumers, those born between 1997 and 2012, are growing in importance. This is certainly the case given their likely income trajectory. Quoting Nielsen data, Technomic says Gen Z is expected to wield $12 trillion in spending power by 2030… Scotland. Scottish Licensed Trade News reports that trade representatives North of the Border have welcomed the Scottish Government’s commitment to an ‘independent review’ of non-domestic rates for licensed hospitality… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Transport. UKH says that improvements to regional transport can benefit tourism, employment and local economies… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Tariffs. In the US, tariffs could cost restaurant company Cracker Barrel Old Country Store Inc. $5 million in Q4 alone… COMPANY NEWS: The FT reports that the owner of Pret A Manger has recently explored bringing in new investors to the sandwich and coffee chain ahead of a potential initial public offering.’ It says that JAB Holding, the European investment group that acquired Pret for £1.5bn in 2018, has in recent months’ engaged advisers to explore various options for the business ahead of a potential listing, including a stake sale…’ • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. JDW chairman Tim Martin has told The Daily Express that Pepsi is now the most popular draught product across the company’s pubs. Deliveroo has announced that it is to offer drone deliveries in Dublin via a new partnership with drone delivery company Manna. Butcombe Original has been crowned Category Winner for Best Session Bitter in the 2025 Campaign for Real Ale Beer Awards. Drydrinker, which reports that it is ‘the UK’s No1 independent low alcohol and non-alcoholic specialist’ and which was incorporated in 2015, has announced the appointment of administrators…. HOLIDAYS & LEISURE TRAVEL: easyHotel has announced the completion of the acquisition of 100% of its shares by Tristan Capital Partners discretionary fund, European Property Investors Special Opportunities Six… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Whitbread’s Premier Inn is challenging the proposed £2 per night tourist tax to be charged in Liverpool… STR reports that U.S. hotel performance metrics for the week ending May 31 declined across the board. It says that occupancy fell 1.6% to 61%, average daily rate fell 0.3% to $151.48 and revenue per available room fell 1.9% to $92.45. OTHER LEISURE: Canal + has today updated on performance saying that its full year 2025 revenue and EBITDA performances are ‘on track’ and that it will have higher cash levels than anticipated… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Tesla stock has slipped on what looks like a growing row between CEO Elon Musk and US president Donald Trump… Merlin Entertainment, which has run the venue for 15 years, it to hand the Blackpool Tower to the local council’s own tourism company. Blackpool Council says it is an “exciting” new chapter and Merlin Entertainments said it “fully supported” the move…. The Nintendo Switch 2 is now available worldwide. Stores opened early to cope with demand. FINANCE & MARKETS: The ECB yesterday cut interest rates across the Eurozone, bringing its deposit rate down to a flat 2.00%. S&P’s UK construction PMI has risen to 47.9 in May, up from 46.6 in April. Whilst heading in a positive direction, any number below 50.0 still implies contraction… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. The ONS has reported that incorrect road tax data supplied to it by the Department for Transport means that April CPI was actually 3.4% rather than the 3.5% reported. The SMMT reports that ‘the UK’s new car market returned to growth in May, as registrations rose 1.6% to 150,070.’ It says this was ‘the best May performance since 2021, but still 18.3% lower than in pre-pandemic 2019.’ Imports into the US fell by 20% in April reports the Commerce Department. It reports that US purchases from Canada and China fell to their lowest levels since 2021 and 2020 respectively. Sterling mixed at $1.3573 and €1.1869. Oil up at $65.11. UK 10 year gilt yield down 2 basis points at 4.61%. World markets heading lower yesterday and London set to open around 10 points lower as at 6.30am. RETAIL WITH NICK BUBB: • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. |
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