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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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.
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…
Read More » Optimism in the hospitality sector is at an 18-month high, according to the latest Business Confidence Survey from the CGA and Fourth. The quarterly survey of business leaders across the UK pub, bar and restaurant sector showed that 44% of respondents were optimistic about the market for the coming year. …
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