Consumer Confidence

Today’s news in brief – 08/11/24

Krispy Kreme has seen Q3 losses widen to $16m (£12.9m), up from a loss of $2.1m (£1.7m) in the previous…

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UKH welcomes ‘short-term’ fix of interest rates cut

UKHospitality has welcomed the Bank of England’s interest rates cut from 5% to 4.75%, saying it is “positive news in…

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Budget reaction: Rising costs ‘latest blow’ to sector’s recovery

The hospitality industry has criticised chancellor, Rachel Reeves’ first budget, with UKHospitality claiming it is the “latest blow” to the…

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Hospitality groups see sales rise 1.7% in September

British hospitality groups recorded a year-on-year sales rise of 1.7% in September, according to CGA RSM’s latest Hospitality Business Tracker. …

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Hospitality insolvencies show signs of easing

Accommodation and food service insolvencies fell 16% month-on-month in August 2024, from 323 to 270, the lowest monthly figure since…

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Top 100 restaurant groups see profits dip to £244.1m in 2024

The UK’s top 100 restaurant groups have seen their profits dip from £246.5m in 2023 to £244.1m in 2024, new…

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Papa Johns UK losses widen to £18.5m in FY23

Papa Johns’ UK arm has reported a pre-tax loss of £18.5m for the year ended 31 December 2023, which widened…

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Pubs outperform licensed sector despite ‘disappointing’ weather

Managed pubs have outperformed the licensed sector as a whole in August, with year-on-year growth of 2.9% despite disappointing weather,…

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Contract caterers achieve 10% sales growth in Q2

Contract caterers saw sales rise by 10% in Q2, marking its 13th quarter of growth in a row and an…

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Market activity for pubs and restaurants improves in H1

Pub and restaurant market activity has seen an improvement in the first half of 2024 compared with the “subdued” levels…

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