Listed real estate investment powerhouse Charter Hall and teamed again with Hostplus to attempt a takeover of the country’s last remaining listed pub landlord, Hotel Property Investments (HPI). Charter Hall Retail REIT (Real Estate Investment Trust) touts its interest in retail assets backed by long leases, counting shopping centres, convenience stores, childcare and petrol stations. […]
Endeavour Group has posted its full year results for FY24, detailing cost-cutting and portfolio hygiene in challenging economic times, yet seeing falling investor sentiment. ASX-listed Endeavour (ASX:EDV) is the holder of 350 pubs, retail outlets Dan Murphy’s and BWS, and assorted other hospitality-related assets. The report cited a dip in net profit, in line with
Australia’s largest publican, ALH, is clawing back in its plan to turn the balance sheet around, securing approval by the ACCC to proceed with purchase of Victorian landmark the Rye Hotel. ASX-listed Endeavour (ASX:EDV) agreed in June to purchase the large-format pub from long-time owner Peter Houghton, for a price believed to be close to
A billion-dollar stoush has begun between the board of hotel and liquor retailing giant Endeavour and its largest shareholder, Bruce Mathieson, based in the mismanagement of the company. Endeavour holds a portfolio of over 350 pubs and clubs through its pubs division ALH, with the biggest collection of EGMs in the country, plus six wineries
Billionaire pub baron Bruce Mathieson is looking to bolster his stake in the casino sector, applying to the regulator to increase his already substantial holding in the troubled Star Entertainment. Principle investor in Endeavour, keeper of the country’s largest pub group and operator of EGMs, Australian Leisure & Hospitality (ALH), Mathieson is said to have
Endeavour has posted what it describes as a “solid” performance for the quarter, seeing stability across pubs and retail, and continued investment in the pursuit of patronage. The ASX-listed Endeavour (EDG) released its FY23 Q3 financials in the past week, noting that both its revenue segments were in growth. “Australians love socialising and our network
ALH POSTS STRONG RESULTS AMID CONTINUED INVESTMENT Read More »
Hotel Property Investments (ASX:HPI) has released its financial results for the six months ending 31 December 2022, seeing the impacts of rising interest rates. HPI lodged its H1 FY23 interim report, declaring a statutory loss of $7.9 million, and final distribution of 9.2 cents per stapled security. Highlights of the announcement include a rise in
Australia’s largest pub operator, Endeavour Group, has released strong results for the first half of FY2023 as its ALH hotels rebound. H1 of FY23 for the ASX-listed Endeavour (ASX:EDG) saw increased sales of $6.5 billion, up 2.5 per cent on last year, and EBIT increase of 15.8 per cent, to $461 million. This generated basic
ENDEAVOUR POST STRONG H1 FIGURES AS PUBS REBOUND Read More »
Endeavour Group has released its Q1 trading figures for FY23, reporting “accelerated” sales in its fleet of pubs and growth in retail, compared with pre-COVID levels. Australia’s largest pub operator and liquor retailer, the ASX-listed Endeavour Group (ASX:EDG), detailed group sales for the quarter of $3.028 billion, which is 3.1pc higher than FY22. Sales for
ENDEAVOUR Q1 RESULTS HERALD STRONG REBOUND IN PUBS Read More »
Australia’s largest publican, Endeavour Group, has announced strong results for its first year as a stand-alone entity. Listing on the ASX mid-2021 (ASX:EDG), the former Woolworths Group subsidiary counts around 340 hotels and clubs across the country, and major retail liquor brands Dan Murphy’s and BWS. Total sales across the Group were in line with
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