12th Feb 2021 16:24
Brighton Pier Group PLC - operator of Brighton Pier - Receives GBP1.4 million from its insurers to date for business interruption losses arising from closures of the group's venues.
Although the company admitted the payments do not satisfy the entirety of the group's claims, they still support overall liquidity which remains strong.
"Whilst business interruption insurance is welcome, and the rollout of the vaccination programme provides a route back to normality, we are keen for the government to announce a recovery roadmap for the Tourism and Hospitality sectors. If businesses in the night-time economy continue to be subject to restrictions after the end of lockdown, the government needs to recognise that further ongoing financial support will be required," says Chief Executive Officer Anne Ackord.
Brighton Pier will publish its interim results on March 29.
Current stock price: 31.00 pence
Year-to-date change: flat
By Dayo Laniyan; [email protected]
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