Hospitality groups recorded year-on-year sales growth of 2.7% in November 2024, according to CGA and RSM’s latest Hospitality Business Tracker. The like-for-like figure last month was found to be “marginally” above Britain’s rate of inflation as measured by the Consumer Price Index, and marks the first real-terms growth since June. …
Read More »Business
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.
Itsu has announced a new collaboration with hospitality company Delaware North, which will see the chain deliver sushi produce to Emirates Stadium in Islington, London. This partnership, which aims to build Itsu’s presence beyond traditional high street locations, follows another brand new partnership with Vitality and the launch of its…
Read More »
Just Eat has given a notice of intention to delist from the London Stock Exchange in order to reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing. It added that in the context of low liquidity and trading volumes of…
Read More »
Hospitality groups achieved year-on-year sales growth of just 0.6% in October, which marks the fourth month of below-inflation growth in a row – meaning that data is currently at its lowest point since April, according to the CGA RSM Hospitality Business Tracker. The flattening of sales reflects fragile consumer confidence…
Read More »
Optimism among Britain’s hospitality leaders has taken a sharp downward turn with only 41% of leaders feeling confident about prospects for their business over the next 12 months, according to data from CGA. This is a dip of 8 percentage points from August’s figure of 49%, a fourth quarter-on-quarter decline…
Read More »
UKHospitality has coordinated a letter signed by numerous hospitality groups in the UK warning against tube strikes over the Christmas period which can cost businesses up to 70% of daily sales. The letter is backed by the bosses of pub groups, Fuller’s, Greene King, Punch Pubs, Stonegate Group, Young’s –…
Read More »
The hospitality industry has criticised chancellor, Rachel Reeves’ first budget, with UKHospitality claiming it is the “latest blow” to the sector’s recovery. Yesterday, Reeves announced a series of measures aimed at raising £40bn in taxes, including employers’ national insurance contributions rising to 15%, alongside hikes in both the National Living…
Read More »
UKHospitality has been appointed a core participant in the Covid-19 Public Inquiry in London today (23 October 2024), as the preliminary hearing into the economic response to the pandemic began. Chief executive Kate Nicholls and deputy chief executive Allen Simpson were in attendance as the sole private sector representatives at…
Read More »
A recent report undertaken by YouGov has found that three quarters of hospitality workers in the UK (76%) are unconcerned about their jobs being automated in the future. The Feedback from the Field report of frontline employees and managers, which is commissioned by global technology company SafetyCulture, paints a picture…
Read More »
Accommodation and food service insolvencies fell 16% month-on-month in August 2024, from 323 to 270, the lowest monthly figure since January 2024, according to the Insolvency Service. Furthermore, insolvencies were down 29% when compared with the same month last year. However, insolvencies in the sector increased 9% in the year…
Read More »