A new report published by Deliveroo into the UK public’s food delivery preferences has revealed more than eight out of 10 UK customers ordered deliveries at the same rate or more frequently in December 2021 than they did the year before. The “Share of Stomach” report aims to “help restaurants…
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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.
Redwigwam, the UK-based platform for flexible staff, has signed a partnership with hospitality software company Eviivo to “help rebuild the hospitality sector”. Redwigwam said it has over 180,000 vetted workers ready at the touch of a button through its AI recruitment platform and has helped over 5,000 businesses with finding…
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Consumer card spending rose by only 7.4% in January compared to the same period in 2020, marking the smallest uplift since April 2021, as spending was dampened by ongoing Plan B restrictions, inflation, and rising energy costs. In light of this, hospitality and leisure spending swung to a decline last…
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The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from 0.25% previously. The BoE Monetary Policy Committee (MPC) confirmed it voted by a majority of 5-4 to increase Bank Rate by 0.25 percentage points, to 0.5%. Interestingly, it revealed those…
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Hospitality bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase by 54% from 1 April amid a “record” increase in global gas prices, in a move that is set to affect approximately 22 million customers. Energy regulator Ofgem announced that…
Read More » UK Hospitality has welcomed the launch of a new Department for Work and Pensions (DWP) scheme to help 500,000 jobseekers into work by the end of June. It comes after latest figures from the ONS showed the demand for workers with a record 1.2 million vacancies to fill, 59% higher…
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Profit warnings issued by FTSE travel and leisure companies fell to their lowest level in seven years in 2021 despite the sector experiencing another challenging year, according to EY-Parthenon’s latest Profit Warnings report. In total, it said the FTSE travel and leisure sector, which also includes restaurants and bars, issued…
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Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November 2021, according to the latest Office for National Statistics (ONS) data. In the latest release, output in consumer-facing services grew by 0.8%, mainly because of a 1.4% increase in retail…
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Business investment in the hospitality industry rose 8.9% on an annual basis in the third quarter of last year as Covid optimism began to spread, according to the latest ONS data. Business investment by hotels and restaurants climbed to £988m in Q3 2021, up from £907m the previous year, analysis…
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Losses at the the top 100 UK restaurant groups increased by 174% last year to £673m, up from a loss of £246m in September 2020, revealed UHY Hacker Young. Lost sales reportedly cost the hospitality sector around £200m a day during lockdown, with restaurants continuing to incur “substantial” costs such…
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