The Companies and Markets show: Pubs, QT, and the big tech jobs cull
Investors' Chronicle
00:00
The News Cycle Management Excuses
The news cycle will focus on sales in various periods and how seasonal trading is affected by major sporting tournaments, success or the weather. But it's profits which really count for these businesses. I think there are so many factors in the sector which, from changing tastes to an arguably unsupportive tax regime, higher prices, fewer younger drinkers, etc., which just mean that it's not really a reliable bet that pubs once were. And as a reminder of that, you just you only have to look at pub numbers in absolute terms over the last decade, a full of 15%. That's not an industry that's exhibiting growth and you can tweak the product mix,. As weather spoons has done
Transcript
Play full episode
