British brewer Shepherd Neame raises concerns over Labour's job market reforms, while anticipating consumer confidence boost due to falling interest rates and increased disposable income.
Shepherd Neame, a prominent British brewer operating 291 pubs, has voiced concerns over Labour's job market reforms, arguing they could raise costs and limit business flexibility. Nonetheless, the company is optimistic about rising consumer confidence over the next two years, driven by falling interest rates and increased disposable income. Recent good weather contributed to a 3.8% rise in like-for-like retail turnover in the 13 weeks to September 28. CEO Jonathan Neame remains confident in the company's future, despite ongoing cost challenges.
October 02, 2024
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