Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to a near 40-year high. According to the latest figures from the Office for National Statistics (ONS), on a monthly basis, inflation fell by 0.6% in January 2023, compared with a…
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The latest news and updates on the business of foodservice, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
Sodexo has gifted £2m of its apprenticeship levy to support a number of small companies and not-for-profit organisations across the UK. The food services and facilities management business first took the decision to “gift with purpose” a portion of the apprenticeship levy it pays in 2019. In August 2021, it…
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The hospitality recruitment initiative, Hospitality Rising, has announced that its ‘Rise Fast, Work Young’ campaign has generated some 55,000 applications to fill job vacancies within the sector a year after its launch. At the same time, the campaign also reached almost 10 million impressions on TikTok. ‘Rise Fast, Work Young’,…
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Hospitality businesses are bracing for a 101% increase in energy bills this quarter, compared with the same period last year, according to the joint Q1 Hospitality Members Survey by UKHospitality, the British Beer and Pub Association, the British Institute of Innkeeping and Hospitality Ulster. The figures have been raised directly…
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The average wage for someone working in hospitality has risen 53% over the last 10 years, the biggest rise of any industry, according to ONS data analysed by Hazelwoods Accountants. The average wage has risen from £328 per week in 2012 to £502 per week in 2022. Hospitality workers have…
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The Great North Pie Co has announced that it is set to open a kitchen and bar in the Manchester city centre space, Kampus in February. The opening of the site in the centre of Manchester will join the company’s existing sites including places in Altrincham and the Lake District.…
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UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest Deloitte Consumer Tracker, marking the end of a 15-month period of consecutive decline. Deloitte said overall confidence was boosted by “significant” quarter-on-quarter improvement in sentiment towards levels of debt (+3.8…
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Over 13,000 hospitality businesses have closed in Britain since the start of the pandemic, according to data from the CGA and Alix Partners. A rise in inflation and energy bills caused a net decline of 1,611 businesses in the sector in Q4, a market contraction of 1.6% in three months.…
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Imbiba, a leading leisure, lifestyle and entertainment investor in growth brands, has completed the first close of its new £90m fund at around £70m, whilst completing its first investment into Little Houses Group. The new fund was led by “significant” investment from the British Business Bank alongside other investors including…
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Scottish hospitality businesses are said to be operating at a “significant” disadvantage to those in England and Wales, as a result of the Scottish government’s reluctance to support businesses, according to UK Hospitality. The hospitality organisation has addressed the Scottish government’s finance and public administration committee on the urgent need…
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