Fuller’s energy bill more than doubles
PUB group Fuller’s has said its gas and electricity bill will soar by £10m without government support, as firms await details of a package set to be unveiled this week.
The group, which owns 385 pubs, said it expects the energy bill to more than double from £8m to £18m for this year.
Chief executive Simon emeny said: ‘We will see significant increases this year and do urge the Government to provide much-needed clarity on its proposed support package so that we can plan accordingly.’
The company told shareholders it has seen ‘good progress implementing a number of initiatives’ to help mitigate cost increases.
It came as the hospitality firm revealed it saw like-forlike sales increase by 21pc over the 25 weeks to September 17 compared with the same period last year.
Shares in Fuller’s dipped by 5.5pc to 480p yesterday.