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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May- 2024 -15 MayFood and Drink
Hospitality leaders remain cautious amid rise in revenues
Britain’s hospitality leaders remain cautious amid tentative signs of improved consumer spending and relief on some costs, CGA by NIQ’s latest Business Confidence Survey reveals. The exclusive poll revealed that 34% of leaders feel confident about prospects for the hospitality market over the next 12 months—down by seven percentage points…
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Apr- 2024 -23 AprilBusiness
Gov delays tipping law until October 2024
The UK government has delayed the implementation of the tipping law from July 2024 to October 2024. The Department for Business and Trade published an updated Code of Practice on Monday (22 April 2024) on the fair and transparent distribution of tips that will have legal effect under the Employment…
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9 AprilPubs and Bars
RedCat losses widen to £31m in FY23
RedCat Pub Company has reported that net losses after tax 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…
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2 AprilNews
Today’s news in brief – 02/04/24
Revolution Bars shares have been suspended after it failed to produce interim results. It follows the closure of eight Revolution bars across England in January with the company blaming the cost of living crisis. The group confirmed it was in talks with shareholders and investors, including hospitality entrepreneur Luke Johnson,…
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2 AprilPubs and Bars
Revolution Bars shares suspended amid uncertain future
Revolution Bars has had its shares suspended from trading on AIM after it failed to produce its interim financial results. The company was required to publish its results by 30 March 2023 but was unable to do so. It follows the closure of eight Revolution bars across England in January…
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Mar- 2024 -26 MarchNews
Today’s news in brief – 26/03/24
Employee satisfaction has risen, despite salaries decreasing, according to Access Hospitality’s Largest Hospitality Salary Survey 2024. The survey revealed that 37% reported earning less than £30k – an increase from 30% in 2023. Responses revealed a decrease in salaries across main job roles, with the exception of general management. However,…
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26 MarchPubs and Bars
Nearly 75% of consumers visited a pub or bar over Christmas
Nearly three quarters (73%) of consumers visited a licensed venue over the festive season, according to data from CGA. However, the number of people going out fell by five percentage points year-on-year, as high inflation put pressure on spending. Nearly all (97%) consumers told CGA they had been affected by…
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18 MarchPubs and Bars
Nightcap revenues rise 42.1% to £33.4m in H1
Nightcap has reported that revenues grew 42.1% to £33.4m in the interim 26-week period ended 31 December 2023. The bar group has attributed its performance to the acquisition of Dirty Martini, the successful collaboration with The Piano Works over the Christmas period, and the maturing of sites opened in the…
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Feb- 2024 -16 FebruaryCafes and Coffee Shops
Costa Coffee to boost pay in April
Costa Coffee has announced that from 1 April 2024 it will increase pay rates for over 15,000 team members in its 1,500 UK company-owned stores. This is the fifth time the company has increased pay rates for store team members since April 2021. As part of an investment of over…
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Jan- 2024 -29 JanuaryFeatures
Franchises in and mid-market out: The year ahead for the restaurant industry
The last year has been a difficult one for the restaurant industry. While the pandemic was tough for a lot of businesses, many managed to hold on to dear life only to go out of business in the years after. This has meant that the market for buying restaurants and…
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