Cost of Living

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,…

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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…

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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.…

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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…

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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,…

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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…

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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…

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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…

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Today’s news in brief – 25/01/24

Hospitality vendors in the North have averaged 7.2% sales growth in 2023, despite the cost of living crisis and escalating…

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Northern hospitality venues welcome 7.2% sales growth in 2023

Hospitality vendors in the North have demonstrated growth and resilience over the past year, averaging 7.2% sales growth despite the…

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