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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Oct- 2023 -10 OctoberBusiness
Pubs see increased spending in Sept as restaurants struggle
Spending in pubs increased 6.1% in September, compared with a 2.8% increase last month driven by the Rugby World Cup, according data from Barclays. Despite this, growth in spending slowed for spending in restaurants which was down 10.8% compared to a decrease of 5.8% last month Furthermore spending on takeaways…
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Sep- 2023 -26 SeptemberNews
Today’s news in brief – 26/09/23
Brighton Pier Group reported a decrease in total revenues, falling from £17.3m to £16.2m in H1, primarily due to declining sales in its bar division. Ongoing inflationary pressures impacted operating margins, resulting in lower earnings compared to the previous year. EBITDA dropped from £3m to £1.4m, with a loss before…
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26 SeptemberRestaurants
Pasture Restaurants to open Birmingham site in 2024
Pasture Restaurant Group has announced the launch of its Birmingham site in early Spring 2024. Pasture is known for its fire-based cooking and local ingredients; in-house butchers handpick and prepare meat from selected farms raising grass fed cattle. Pasture Birmingham will occupy 6,500 sq ft across one floor of a…
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5 SeptemberRestaurants
Restaurant spending down in August, Barclays finds
Restaurant spending dropped by 5.8% in August after dropping 2.7% in July, according to new data from Barclays. According to the data, 61% of people surveyed stated that they had deprioritised eating at restaurants. Alongside this 58% of people stated that they were deprioritising spending on takeaways. Despite this spending…
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May- 2023 -17 MayComment
How can the hospitality sector prepare for the busy summer months?
Despite current economic headwinds, many businesses in the hospitality sector are looking for new ways of furthering growth opportunities in the upcoming summer months. In their 2023 sector outlook, Barclaycard revealed that consumer card spending on hospitality and leisure increased 10.6% year-on-year in 2022, as the lifting of all Covid-19…
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Apr- 2023 -6 AprilRestaurants
Pizza Express appoints new COO
Pizza Express has announced the appointment of Lawrence Harvey as its new chief operating officer. The firm said Harvey brings a “wealth of experience” having worked at a number of major brands including Aldi, Barclays and Tesco. He will be responsible for leading operations across all of Pizza Express’ over…
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Aug- 2022 -24 AugustPubs and Bars
Trust Inns FY profits hit £5.6m
The northwestern pub operator, Trust Inns, has announced that the group’s pre-tax profits hit £5.6m in the year to 31 March 2022, compared to a loss of £8.5m the year before. The results show that the group’s pre-tax profits increased by £14.7m from the loss of £9.1m in the prior…
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Mar- 2022 -17 MarchTrade Associations
HOSPA confirms Barclay’s Bob Silk to take over as chair
The Hospitality Professionals Association has appointed a new chairman, as Bob Silk takes over from previous incumbent Chris Upton – who has stepped down from the role. The association revealed following eight years in post, which has seen the association expand its remit to incorporate a broader swathe of hospitality…
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Feb- 2022 -25 FebruaryBusiness
Yo! owner strengthens advisor line-up amid £750m IPO listing
The sushi chain Yo!’s parent company, Snowfox Group, has reportedly picked further advisers for a potential £750m listing. According to Sky News, the Snowfox Group is working with Barclays, Jefferies and Peel Hunt on a prospective initial public offering (IPO). Mayfair Equity Partners, the company’s controlling shareholder, is said to…
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Sep- 2021 -30 SeptemberBusiness
Hospitality and leisure to add extra £3.5bn to UK economy
The hospitality and leisure industry is predicted to contribute £3.5bn more to the nation’s GDP this year than in 2019, according to Barclays Corporate Banking. In its new report, Leisure Rediscovered, Barclays’ data shows that the vast majority of hospitality and leisure businesses (94%) are confident about their growth prospects…
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