Covid-19
Our COVID-19 coverage captures the full impact of the pandemic on the UK’s foodservice and hospitality sector, from lockdown trading restrictions and government support schemes to recovery planning, operational adaptations, and long-term business implications. This includes essential reporting for restaurant operators, pub landlords, caterers, chefs, and F&B directors navigating one of the most disruptive periods in industry history.
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Mar- 2021 -9 MarchPeople
Hospitality salaries up ‘significantly’ despite pandemic, report finds
Despite the economic impact of Covid-19, average salary levels across the hospitality and leisure sector grew “significantly” in 2020, according to new data released by recruitment group Reed. From analysis of over 6.5 million jobs posted to reed.co.uk over the last three years, the Reed Hospitality and Leisure Salary Guide…
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8 MarchCoronavirus
Hospitality ‘generally optimistic’ despite Covid disruption, study finds
Despite the effects of the Covid-19 pandemic on the industry, hospitality businesses are “mostly positive” about the future, according to a survey of 141 sector operators by accountancy firm Haysmacintyre. The 2021 Haysmacintyre ‘UK Hospitality Snapshot Survey’ revealed “encouraging signs of confidence” amongst the sector, even before the prime minister…
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5 MarchCoronavirus
UKH warns business rates cap may endanger mid-sized firms
UKHospitality has warned that the £2m cap the government has imposed on business rates relief “could threaten the survival of jobs and businesses” for many mid-sized firms. The warning comes after the cap was unveiled as part of the chancellor’s budget announcement on Wednesday (3 March). As part of the…
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3 MarchFeatures
An insight into the pub sector’s investor interest
Following a spate of high profile investment rounds and acquisition rumours within the UK’s pub sector, a number of questions have been raised. Why has investor interest recently spiked within the industry? Why are a number of high profile deals falling through? And more simply, what do these kinds of…
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3 MarchGovernment
Welsh Gov grants £30m for hospitality, leisure, and tourism
The Welsh Government has announced a £30m support package for hospitality, leisure, and tourism businesses impacted by the ongoing Covid-19 measures. The funding is aimed at businesses employing ten staff or over, recognising the higher level of operating costs that they face. Ken Skates, minister for the economy, transport and…
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3 MarchBusiness
Fazenda owner bought out of administration
Begbies Traynor has overseen the pre-package sale of City District Limited to Southern Wind Group Limited, who has acquired a “substantial” part of the business and assets in a move that has saved 243 jobs. City District Limited, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand…
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2 MarchCoronavirus
The Restaurant Group burns through £5.5m per month amid lockdown
The Restaurant Group has revealed it has burned through £5.5m in cash per month during the ongoing national lockdown, adding that the cash burn rate is expected to stay at this level until the end of the current restrictions for hospitality businesses. Nonetheless, it has since secured £500m in new…
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1 MarchCoronavirus
‘Decisive financial support’ needed to save hospitality, says APPG
The All-Party Parliamentary Group for Hospitality and Tourism (APPG) is urging chancellor Rishi Sunak to provide “decisive financial support to protect sector businesses crucial to communities around the UK”. The plea comes in a letter signed by more than 80 MPs written to Sunak ahead of this week’s Budget, with…
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Feb- 2021 -26 FebruaryRestaurants
Various Eateries FY20 revenues fall 36%
Restaurant group Various Eateries has reported revenues for the year ended 27 September 2020 of £16.5m, a year-on-year decline of 36%. The group also revealed that it swung to an EBITDA loss before exceptional costs of £1.7m, down from profits of £817,000 in 2019. While Various Eateries partly attributed its…
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25 FebruaryFeatures
Local food suppliers and their consumer-driven industry
Recent months have seen the UK’s supply chains across all sectors hit from two sides at once. The UK’s food industry is one of those sectors where the combined challenge of Brexit and Covid-19 is most prevalent. However, by turning to local produce, both businesses and individuals could reap the…
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