Cost of Living
Coverage explores the impact of economic pressures on consumer spending, staff retention, and operational costs across the UK hospitality sector. We report on inflation, wage demands, energy prices, and discretionary income trends, analysing how restaurants, pubs, caterers, and other operators are adapting pricing, staffing, and promotional strategies in response to shifting demand and household budgets.
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Aug- 2022 -31 AugustFood and Drink
Half of Britain’s major cities show negative sales versus 2019
Out-of-home food and drink sales are in growth in only half of Britain’s 10 biggest city centres, as five major cities are experiencing negative sales in the latest four weeks versus the same time period in 2019. According to data from CGA and Wireless Social, new challenges facing the sector…
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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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15 AugustRestaurants
The Hush Collection turnover hits £11.48m
The Hush Collection has announced its group turnover grew 36.3% year-on-year from £8.42m to £11.48m for the year ending 26 December 2021, and up 8.7% from pre-Covid levels in 2019. Group EBITDA also hit £1.07m, up from a loss of £389k in 2020. Overall, the group’s restaurants performed ahead of…
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4 AugustPubs and Bars
Nightcap revenues jump 55.1% to £35.9m in FY22
Nightcap has reported its group revenues surged 55.1% year-on-year from £6m to £35.9m on a combined group of companies basis for the 53 weeks ended 3 July 2022 (FY22), with like-for-like revenues up 23.6%. The fourth quarter ended 3 July 2022 (Q4 FY22) also saw group revenues jump 73.2% to…
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2 AugustFeatures
Q&A: Follow Leisure: The District takeover
Can you tell me a bit about the history of Follow Leisure? We are a multi-venue hospitality operator with a portfolio of 10 brands comprising some of Northern Ireland’s most loved casual eateries. Many of our customer base dine with us seven days a week across multiple brands. Behind the…
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Jul- 2022 -28 JulyBreweries and Distilleries
Food and drink industry administrations surge 60% in H1
The number of administrations filed for businesses in the food and drink industry surged 60% year-on-year between 1 January and 30 June 2022 (H1 FY21), according to analysis by Shakespeare Martineau. Overall, the food and drink industry accounted for 6% of administrations in the first six months of the year.…
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18 JulyPubs and Bars
New PM must support beer and pubs, BBPA urges
A letter urging the new leader of government to support pubs during the cost of living crisis has been penned by The British Beer and Pub Association (BBPA) . The letter urges any new leader to “rebalance the UK’s alcohol duty system to support UK pubs and brewers, reduce the…
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Jun- 2022 -13 JuneRestaurants
Losses at top 100 UK restaurant groups surge 24% to £832m
Losses at the Top 100 UK restaurant groups grew 24% from £673m to £832m in just the past six months, according to a new study by UHY Hacker Young, the national accountancy group. It said the scale of the losses has been driven by the effects of major restructuring programmes…
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9 JuneBusiness
Hospitality staff least likely to receive cost of living pay boost
Hospitality workers are among the least likely to receive a pay rise from their employers in order to help them through the cost of living crisis, according to a new survey. The study, from personal finance experts Forbes Advisors, surveyed over 5,100 UK adults and found that lowest of all…
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6 JunePubs and Bars
Pubs and bars see 74.2% surge in Jubilee spending
The hospitality sector has witnessed a “spending boom” during the Platinum Jubilee long weekend (2-5 June) as Brits celebrated, with UK pubs, bars and nightclubs seeing a 74.2% rise in spending compared to the same period last year (3-6 June 2021). According to Barclaycard Payments, which processes nearly £1 in…
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