The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic “emergency” faced due to the coronavirus outbreak. Bailey, who has only been in the position for three days after taking over from former Bank Of England chief Mark Carney, told…
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The Business section on Catering Today delivers comprehensive coverage of the commercial landscape shaping the UK hospitality and catering industry. It reports on company performance, acquisitions, investments, market movements, and leadership changes across restaurants, pubs, and catering groups. With analysis of financial trends, growth strategies, and sector forecasts, Catering Today provides hospitality professionals with the intelligence needed to understand market dynamics and make informed business decisions in a competitive environment.
All hospitality businesses are eligible for a one-year business rates holiday after the chancellor, Rishi Sunak, announced a series of new measures to help weather the financial strain caused by the coronavirus outbreak. Last week in his maiden Budget Speech the chancellor, Rishi Sunak, announced a one-year rent holiday for…
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Business rates experts at Colliers International have called for the Government to introduce a three-month or even six-month business rates deferment scheme to help businesses impacted by the coronavirus. It follows last Wednesday’s (11 March) Budget announcement, which Colliers said was “largely applauded” for the support given to smaller retail,…
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Hospitality footfall across the UK has declined by 45% yesterday (16 March) compared with the same day last year, amid the recent outbreak of coronavirus. According to research by customer data company Wireless Social, footfall decreased by 33% in the past week compared with the same period last year, with…
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The Bank of England has cut UK interest rates back down to the lowest level in history to help mitigate the impact of the coronavirus outbreak on the economy. The governor of the Bank of England, Mark Carney, announced the 50 basis point (0.5 percentage point) reduction, from 0.75% to…
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Optimism among business leaders in the eating and drinking sector was at its highest level for nearly four years, according to the CGA’s latest Business Leaders’ Survey. The poll, run in partnership with hospitality technology specialist Fourth, revealed 60% of senior executives were “optimistic” about prospects for the sector in…
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HMRC’s investigations into individuals and small businesses produced a yield of approximately £16 for every £1 spent on staff last year, according to research by international law firm Pinsent Masons. The firm said the “huge” return on investment in staff outweighs returns seen by other private sector businesses. Whilst HMRC’s…
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Pizza chain Domino’s has reported a period of ‘solid’ sales growth across the UK and Ireland in its fourth-quarter of trading. In the 13 weeks to 29 December 2019, UK and ROI system sales were up 4.4% to £326.7m, while total group sales were up 3.7% to £352m. UK like-for-like…
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Deliveroo has announced plans to spend £1m promoting healthy eating across the UK and bring “greater choice” to UK consumers in 2020. This major investment will increase the range of healthy options on the platform and will support partner restaurants in developing healthy meals and menus. It comes after Deliveroo…
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Collective like-for-like sales were up 2.5% across pub, bar and restaurant groups over Christmas, according to the latest Coffer Peach Business Tracker. In the six weeks ended 5 January, trading was positive across all parts of the industry. Restaurant chains saw a 2.3% uplift in like-for-like sales, while managed pub…
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