Food Sales Keep Belhaven Strong
Pubs and brewing group Greene King’s Belhaven operation bucked the trend in tough first half trading, as the group suggested Scotland might also prove more resilient to any deepening downturn next year.
Considering the further impact on discretionary spend of rising unemployment, increasing negative housing equity and continued high consumer debt levels, the market environment is expected to become even more challenging in the next year.
However, it is revealed that the Scottish division of the company bucks trend as half-year profits rise by 10%. The Scottish performance was said to be enhanced by imporved food sales in managed pubs.
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