Hospitality businesses are one of the most frequent applicants for revenue-based finance according to SME funder 365 Finance. According to the company, the UK hospitality sector accounted for £43.7m of funding in 2024, representing a 16.9% increase compared to 2023. Alongside this, the number of advances 365 Finance approved for…
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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.
UKHospitality has called on the Government to bring forward a plan for hospitality businesses that “enables the sector to unlock growth and jobs” as new costs hit the sector. It believes that this should include the Treasury ensuring its business rates reform, to be unveiled in the Autumn, offers the…
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UKHospitality has called for the Competition and Markets Authority (CMA) to conduct an investigation into the non-domestic energy market. In a letter addressed to CMA boss, Sarah Cardell, the trade body said the criteria for a Market Investigation Reference (MIR) has been “undoubtedly met”, including reasonable grounds for suspecting competition…
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Carlsberg has signed a new multi-year partnership deal with UEFA to become the official beer of UEFA national team football. This includes sponsorship of the men’s Euro 2028, women’s Euro 2029, UEFA Nations League Finals, and UEFA Women’s Nations League, Men’s and Women’s European Qualifiers and UEFA Futsal Euro. As…
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Pub and hospitality businesses have joined with UKHospitality to write to Steve Reed, the Defra Secretary of State, to call for packaging supplied to hospitality businesses to be exempt from the Extended Producer Responsibility (EPR). The likes of the Azzurri Group, Burger King UK, Fuller’s, Marston’s, Punch Pubs and Co,…
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The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to its lowest level since June 2023. At its meeting ending on 19 March, the bank’s monetary policy committee (MPC) voted by a majority of 8–1 to maintain the rate at…
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Sales at Britain’s leading restaurant, pub and bar groups fell by 1.3% year-on-year in January, according to data from CGA. This follows like-for-like growth of 3.2% in December and January’s figure is the lowest since April 2024, and only the second month of negative trading since early 2022. Sales in…
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A survey by hospitality trade associations has revealed that rising employment costs and reduced rates relief in April will force 70% of businesses to cut jobs, threatening workers’ incomes. The survey by The British Beer and Pub Association, the British Institute of Innkeeping, Hospitality Ulster and UKHospitality also revealed that…
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Accommodation and food services insolvencies were down 7% year-on-year from 3,737 in 2023 to 3,464 in 2024, according to data from the Office for National Statistics (ONS). Insolvencies in the sector saw an even bigger drop month-on-month, down 31% from 327 in November 2024 to 224 in December 2024 and…
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Red Engine, the hospitality group behind Flight Club and Electric Shuffle, has unveiled its 2025 global expansion plans as its Q4 sales increased 24% to £25.3m. Its sales combined with its franchise partners reached £38.4m, up 23% year-on-year, with like-for-like sales increasing by 4%. Building on this success, Red Engine’s…
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