Business

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…

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.…

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…

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.…

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…

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…

The number of seated diners in UK restaurants increased 19% last year when compared with 2019 and increased 50% compared to 2021, according to data from Opentable. Valentine’s Day saw the biggest increase of diners, with numbers almost doubling compared with 2019 and seeing a 137% increase compared with 2021.…

Grind coffee has reported turnover of £16.9m, up from £8.2m but has seen its pre-tax losses increase to £3.4m from £2.5m. In results submitted to Companies House by its parent company Grind Holdings ltd, for the year ended April 2022, the company reported gross profits of £9.9m compared to £4.7m.…

Hospitality turnover for the year ended September 2022 increased 1.3% to £135bn but this is a real terms decrease compared with 2019, according to data from CGA. Inflationary pressures have meant that even though a 1.3% increase is the first time a full-year figure has been above pre-pandemic levels, it…

Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual fuel for an average household from 1 October 2022.  The rise will affect those on standard variable tariffs, with the record annual bill only being based on typical usage. At…