UKHospitality Cymru has urged the Welsh Government to increase its business rates relief from 40% to 75%, using allocated funds from the UK Government. The trade body believes that the current plans leave Welsh hospitality businesses significantly worse off than English counterparts. According to data from UKH, a typical pub…
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.
The HMRC has commenced a crackdown on electronic till fraud, with its Fraud Investigation Service having already raided 24 restaurants and takeaways, Pinsent Masons has reported. These raids follow the end of an amnesty earlier this year, which allowed businesses to make a disclosure to HMRC and pay any tax…
Read More »
Brits are planning to spend up to £200 on festive outings throughout the season, amounting to an estimated £7.4bn splurge on Christmas parties nationwide this year, according to research from Double Dutch and OnePoll. According to the survey of 2,000 UK adults, the increased spending provides a welcome boost to…
Read More »
Nearly half (49%) of hospitality business leaders feel confident about the hospitality market over the next 12 months, up by four percentage points from August’s figure of 45%. Only 5% of leaders say their business is currently at risk of failure, down from 11% last quarter. The number feeling pessimistic…
Read More »
The number of licensed premises in Britain has fallen by 3.6% over the last 12 months to 99,916 sites, according to data from CGA and AlixPartners. The total at the end of September 2023 marks the first time it has dropped below 100,000 since records began. The 3,766 drop over…
Read More »
The number of Britain’s licensed premises has fallen by nearly a third in the last two decades to below 100,000 for the first time in 20 years, according to new figures from UKH in partnership with CGA by NIQ. At the end of this September, the total number of licensed…
Read More »
With inflation standing at 6.7% in September, UK Hospitality has warned that the hospitality industry could face an additional £234m in business rates, if the government is to go ahead with its planned inflation-linked rise in April. This combination would leave hospitality facing a huge £864m in business rate costs…
Read More »
Just Eat has raised its full-year guidance after returning to sales growth in its third quarter of trading. Over the period, gross transaction value (GTV) growth in Northern Europe and UK and Ireland increased to 6% and 4%, respectively. However, its North America business faced a “slower trajectory”, with GTV…
Read More »
The number of consumers not showing up for their reservations in pubs, bars and restaurants has doubled since September last year, according to the latest research from Zonal and CGA by NIQ. Some 12% of consumers are still not honouring their reservations and not informing venues in advance that they…
Read More »
The Restaurant Group, the operator that owns Wagamama, has agreed to be taken private by Apollo Global for £506m after a year of financial struggles and investor pressure. The owner of about 400 restaurants and pubs across the UK has struggled with falling margins, which it attributed to soaring costs…
Read More »