Barclays
Coverage explores how one of the UK’s major banking groups engages with the hospitality and foodservice sector, including industry-specific research reports, SME lending initiatives, and economic commentary impacting restaurants, pubs, and catering operators. Reporting includes insights from Barclays Corporate Banking and Business Banking divisions, with focus on investment trends, consumer confidence, inflation pressures, and business resilience. Insight is tailored for finance leads, operators, and investors tracking funding access and sector sentiment.
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Apr- 2024 -25 AprilNews
Today’s news in brief – 25/04/24
Rupert Thompson has agreed an investment deal with London craft brewer Mondo, which secures the future of the Mondo brands, as well as its brewery and taproom in Battersea. Following a pre-pack administration, the deal will see brewing continue at Mondo’s Battersea site. Searcys has announced a new partnership with…
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25 AprilRestaurants
Pasture to open first Birmingham restaurant
Steak-house and late night bar Pasture is set to open the doors of its first Birmingham restaurant on 27 May. Pasture restaurants are known for their fire-based cooking and local ingredients. With existing restaurants in Bristol and Cardiff, Pasture Birmingham will soon occupy 6,500 sq ft across one floor of…
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9 AprilNews
Today’s news in brief – 09/04/24
RedCat Pub Company’s net losses after tax have widened to £31m during the year ending 2 April 2023, up from £5.4m in the year before. This comes despite the pub group achieving a turnover of £120.5m, up from £62.8m in 2022, and gross profits of £89.2m, rising from £47.2m. Group…
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9 AprilPubs and Bars
Red Engine secures £60M facility to drive global expansion
Red Engine has announced today that it has secured a new £60m facility from Santander, HSBC and Barclays. The company behind Flight Club Darts and Electric Shuffle has revealed that it plans to use this capital for a global expansion drive. Red Engine will open Electric Shuffle Manchester and New…
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5 AprilNews
Today’s news in brief – 05/04/24
Majestic Wines has acquired Vagabond Wines out of administration, saving nine of its wine bars from closure. The strategic acquisition provides clarity and job security for 171 Vagabond staff, following a period of uncertainty. Majestic plans to invest in the long-term future of the Vagabond business, with ambitions to open…
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5 AprilCafes and Coffee Shops
Two Magpies’ bakery and cafe opens in Framlingham
Two Magpies is today (5 April) officially opening its latest bakery and cafe in Framlingham. The new bakery, the tenth in the Two Magpies Group, is housed in the old Barclays Bank on Market Square. The new addition to the town will support local commerce and create new jobs in…
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3 AprilPeople
Adnams appoints new CEO
Southwold brewery Adnams has announced the appointment of Jenny Hanlon as its new chief executive officer. Hanlon, 48, will become the first female CEO of the brewing business in its 150 year history. Hanlon, who has been serving as the company’s chief financial officer, will succeed Dr Andy Wood OBE…
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Mar- 2024 -19 MarchNews
Today’s news in brief – 19/03/24
Prezzo has reported a return to profitability following a strategic review of the business in April 2023, which saw it close almost a third of its restaurants. In the year ended 1 January 2023, the Italian casual dining group’s revenues also rose to £135m from £95m following an increase in…
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19 MarchPubs and Bars
Six Nations Super Saturday provided pubs with 23% boost
Spending at pubs increased 23% year-on-year this Super Saturday, as the final round of the Six Nations saw Ireland taking home the title for the second year in a row, according to the new Barclays Consumer Spend data. In addition to the year-on-year growth, the volume of transactions at pubs…
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Feb- 2024 -2 FebruaryPeople
UKH appoints first deputy chief executive
UKHospitality has announced the appointment of Allen Simpson as its new deputy chief executive, bolstering its senior team at “critical” time for hospitality. Simpson joins the trade body from London and Partners, the Mayor of London’s tourism, inward investment and city marketing agency, where he served as executive director, and…
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