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Fuller Smith & Turner Says Intends To Return About £69 Mln To Shareholders
Fuller Smith & Turner FY Revenue Up 7% To 431.1 Million Stg
Fuller,Smith & Turner Says Disposal Of Beer Business To Asahi Europe Completed
Fuller, Smith & Turner P.L.C. is a pub and hotel company. The Company's operating segments include Managed Pubs and Hotels, and Tenanted Inns. The Managed Pubs and Hotels segment includes managed pubs and managed hotels, and The Stable Pizza & Cider Limited. The Tenanted Inns segment includes pubs operated by third parties under tenancy or lease agreements. The Company runs 181 Tenanted pubs and 204 Managed Pubs and hotels with a focus on home-cooked food, cask and craft ale, wine and service. The Company also has 817 boutique bedrooms in its Managed estate. Its pub estate stretches from Brighton to Birmingham and from Bristol to the Greenwich Peninsula, including 173 locations within the M25. The Company owns The Stable, a craft cider and gourmet pizza restaurant business, which has 17 sites in England and Wales.
Griffin Brewery, Chiswick Lane South
Michael J. Turner
Non-Executive Chairman of the Board
Chief Executive, Executive Director
Finance Director, Executive Director
Timothy James Mortimer Turner
Executive Director, Retail Director
Corporate Affairs Director and Executive Director
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Fuller, Smith & Turner Plc said it would return 69 million pounds ($85 million) in cash to investors after selling its British beer business to Japan's Asahi Group this year to focus on pubs and hotels.
Japanese brewer Asahi Group is buying the British beer business of Fuller, Smith & Turner, seizing the opportunity to further its overseas reach as other companies wrestle with growing uncertainty over Brexit.
British pub operator and brewer Fuller, Smith & Turner said it had agreed to sell its beer business to a European unit of Tokyo-based Asahi for an enterprise value of 250 million pounds ($327 million) on a debt and cash free basis.
* JULIETTE STACEY HAS JOINED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)
* LIKE FOR LIKE SALES IN ITS MANAGED PUBS AND HOTELS RISING 3.0% FOR 42 WEEKS TO JAN. 20
* Trading over important Christmas and new year period has been strong
* H1 ebitda up 9 pct to £36.3 million (2015/16: £33.3 million)
HOUSTON -- Texans coach Bill O'Brien acknowledged a justifiable hesitancy to use dynamic rookie receiver Will Fuller on special teams, but when the Texans needed a jolt and the moment felt just right, O'Brien rolled the dice and came up a winner.
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