Fuller’s £53m cash call

FULLER’S plans to tap investors for £53m to shore up its finances after a lockdown hit.

The London-based pub group said revenues across its managed pubs and hotels for the year to date are set to have fallen by around 80pc against the same period last year.

The business told investors yesterday that it will place 6.45m new shares at a price of 830p.

The placing came as the company revealed that it has burned through between £4m and £5m each month of enforced closures.

however, it will reopen its first sites from April 12 after the Government gave the go-ahead for outdoor hospitality to welcome customers again in england.