Compass has announced the launch of the Compass Group academy, and the appointment of Chris Moore as its managing director. The Academy, a multi-million pound investment designed to develop much needed skills in the hospitality industry, with a focus on supporting young people from disadvantaged areas to “build careers in…
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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.
The restaurant and hotel industry made the largest downward contribution to the rate of inflation in the 12 months to September 2021, the Office for National Statistics (ONS) reveals. The Consumer Prices Index (CPI) analyses the 12-month inflation rate between August and September 2021. According to ONS, restaurants and hotels…
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Widespread supply problems and increased demand from the hospitality sector combined has pushed prices up by 1.2% in August, according to the latest CGA Prestige Foodservice Price Index (FPI). The report highlighted the impacts of acute shortages of labour, and of HGV drivers, pickers and manufacturing and production staff in…
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Gross domestic product (GDP) is estimated to have grown by 0.4% in August 2021, and was boosted by the hospitality sector, according to the latest Office of National Statistics data. Services output grew by 0.3% in August 2021 with output in consumer-facing services increasing by 1.2%, while all other services…
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One in six (16%) hospitality jobs currently lie vacant, with businesses struggling to fill the job gaps across the sector, according to the latest Business Confidence Survey from CGA and Fourth. The poll highlighted the industry’s “mounting” labour crisis, with 96% of business leaders now envisaging shortages in either front…
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The hospitality and leisure industry is predicted to contribute £3.5bn more to the nation’s GDP this year than in 2019, according to Barclays Corporate Banking. In its new report, Leisure Rediscovered, Barclays’ data shows that the vast majority of hospitality and leisure businesses (94%) are confident about their growth prospects…
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Red Hotels has announced that two of its sites, The Scarlet and the Bedruthan Hotel and Spa, will increase the pay rates for all entry level roles to £11 per hour. The independent hotels said that their “pioneering commitment” to employees and the environment has “always been at the core…
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Some 99% of businesses are currently experiencing supply chain issues, with more than four in five seeing higher costs in their supply chain (82%), according to the latest Business Confidence Survey from CGA. The survey showed that more than four in five businesses have already seen deliveries of products delayed…
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Mitchells and Butlers has reported that like-for-like sales have recovered to 97% of pre-Covid levels in the 18 weeks since the indoor reopening of hospitality on 17 May. In a trading update for the 51 weeks ended 18 September 2021, the group attributed this recovery to a 4% rise in…
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Some seven in 10 (70%) restaurant, pub and bar leaders have expressed their optimism about their businesses’ prospects for the next 12 months, according to the latest Business Confidence Survey from CGA. The survey showed that nearly three in five (58%) leaders felt optimistic about prospects for the general market…
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