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Profits squeezed at beer giant

Belhaven owner hit by higher staffing costs

Belhaven

Higher costs are hitting profits at Greene King


Brewery and pubs group Greene King, which owns the Belhaven business, has seen profits hit by the rising cost of employing staff.

The company said the living wage, apprenticeship levy and higher duty added £60 million to its costs.

Adjusted half-year profits fell 8% to £128m as the company also saw a 13% fall in customers eating at its premises as confidence slips.

The company, founded in 1799 and based in Bury St. Edmunds, Suffolk, has almost 3,000 outlets and employs 40,000 staff. It described the first half as challenging.

“We are facing unprecedented cost increases of £60m this year, including the National Living Wage, the apprenticeship levy and duty increases,” said the company.

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