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City Pub Group PLC (CPC.L)

CPC.L on London Stock Exchange

206.00GBp
13 Dec 2019
Change (% chg)

9.00 (+4.57%)
Prev Close
197.00
Open
197.00
Day's High
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Volume
70,701
Avg. Vol
47,811
52-wk High
240.00
52-wk Low
170.00

Latest Key Developments (Source: Significant Developments)

City Pub Group To Be More Discerning On Acquisition Strategy With Regards To Brexit
Thursday, 19 Sep 2019 

Sept 19 (Reuters) - City Pub Group PLC ::REVENUE UP 36% TO £27.1 MILLION (2018: £20.0 MILLION) FOR 26 WEEK PERIOD ENDING 30 JUNE 2019.ADJUSTED PROFIT BEFORE TAX UP 19% TO £1.9 MILLION (2018: £1.6 MILLION) FOR 26 WEEK PERIOD ENDING 30 JUNE 2019.MOMENTUM HAS CONTINUED INTO SECOND HALF WITH STRONG SALES GROWTH.WITH REGARDS TO BREXIT, BELIEVE IT IS PRUDENT AT THIS TIME TO BE MORE DISCERNING ON ACQUISITION STRATEGY.WILL CONTINUE TO LOOK AT ACQUISITIONS OF SITES ON A SELECTIVE BASIS AND TAKE ADVANTAGE OF ABILITY TO MOVE QUICKLY AND DECISIVELY.CURRENTLY GROUP POLICY NOT TO DECLARE INTERIM DIVIDENDS.WILL FINALISE INTENDED DIVIDEND PAYMENT WHEN CO ANNOUNCES FULL YEAR RESULTS IN APRIL 2020.SALES IN 11 WEEKS SINCE PERIOD END UP 35% DRIVEN BY STRATEGY OF OPENING LARGER SITES, CAPITALISING ON LOCAL TRADING OPPORTUNITIES.  Full Article

City Pub Group Says Sales Up 35% For 19 Weeks To 12 May
Monday, 20 May 2019 

May 20 (Reuters) - City Pub Group PLC ::SALES WERE UP 35% ON LAST YEAR FOR 19 WEEKS TO 12 MAY.CONTINUING TO SEEK FURTHER PUBS IN SOUTHERN ENGLAND AND WALES TO BUILD ESTATE AND ACHIEVE TARGET OF 65-70 SITES BY MID-2021.  Full Article

City Pub Group FY Adj. EBITDA Up 28 Pct To 7.9 Mln Stg
Tuesday, 9 Apr 2019 

April 9 (Reuters) - City Pub Group PLC ::FY REVENUE UP 22% TO £45.7 MILLION (2017: £37.4 MILLION).FY LIKE FOR LIKE SALES GROWTH OF 1.6%.FY ADJUSTED EBITDA UP 28% TO £7.9 MILLION (2017: £6.1 MILLION).FY TOTAL DIVIDEND UP 22% TO 2.75P (2017: 2.25P).  Full Article

City Pub Group Says Traded In Line With Market Expectations For 2018
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - City Pub Group PLC ::YEAR END UPDATE FOR 52 WEEK PERIOD TO 30 DECEMBER 2018.TOTAL TURNOVER FOR YEAR WAS £45.6M, AN INCREASE OF APPROXIMATELY 22% ON PRIOR YEAR, WHICH WAS A 53 WEEK TRADING PERIOD.MAJORITY OF LIKE FOR LIKE GROWTH IN 2018 WAS VOLUME DRIVEN AS PRICE INCREASES WERE ONLY IMPLEMENTED AT END OF 2018.HAS TRADED IN LINE WITH MARKET EXPECTATIONS FOR 2018 AND REMAINS OPTIMISTIC ABOUT ITS PROSPECTS FOR 2019.  Full Article

City Pub Group spends 8.1 million pounds on new acquisitions
Monday, 30 Jul 2018 

July 30 (Reuters) - City Pub Group PLC ::CITY PUB GROUP PLC ANNOUNCES ACQUISITION OF THREE NEW PUBS AND EXCHANGE OF CONTRACTS ON ONE OTHER.CPG HAS COMPLETED THE ACQUISITION OF THREE SITES IN LONDON, THE TRAVELLERS FRIEND IN WOODFORD AND TWO JAM TREE PUBS IN CHELSEA AND CLAPHAM AND HAS EXCHANGED ON A PREMIUM SEAFRONT CAFE-STYLE BAR IN BRIGHTON.THE TOTAL CONSIDERATION FOR THE SITES IS 8.1 MILLION POUNDS, PAYABLE IN CASH FROM CPG'S EXISTING RESOURCES.  Full Article

City Pub Says FY Revenue Up 35 Pct To 37.4 Mln Stg
Thursday, 12 Apr 2018 

April 12 (Reuters) - City Pub Group PLC ::FY REVENUE UP 35% TO £37.4 MILLION.FY ADJUSTED PROFIT BEFORE TAX UP 102% TO £3.2 MILLION.TOTAL ANNUAL DIVIDEND UP 50% TO 2.25P.2021..FOR FIRST 14 WEEKS OF YEAR, TOTAL SALES WERE UP 22% ON PRIOR YEAR WITH 34 SITES OPEN AND TRADING..CONFIDENT OF DELIVERING CONTINUED STRONG PROGRESS AND MEETING EXPECTATIONS FOR YEAR AS A WHOLE.  Full Article