Covid-19
Our COVID-19 coverage captures the full impact of the pandemic on the UKโs 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- 2020 -11 MarchBusiness
Bank of England cuts interest rates to help combat coronavirus impact
The Bank of England has cut UK interest rates back down to the lowest level in history to help mitigate the impact of the coronavirus outbreak on the economy. The governor of the Bank of England, Mark Carney, announced the 50 basis point (0.5 percentage point) reduction, from 0.75% to…
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11 MarchPubs and Bars
Shepherd Neame welcomes โstrongโ performance as profits hit ยฃ8m
Shepherd Neame has announced that underlying operating profit increased by 1.1% to ยฃ8m in its half-year results. In the 26 weeks ended 28 December 2019, turnover also rose by 3.3% to ยฃ79m, while underlying profit before tax was up 4.8% to ยฃ6.2m.ย Its 69 managed sites achieved a โsolidโ performance,…
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6 MarchBusiness Bites
Flybeโs pensions in doubt; Poorest 20% no better off than before, 1m Virgin customers on unsecured database
lybeโs pension pot for 1,350 current and former workers is at risk,ย as the fallout from one of the first casualties of the coronavirus business threat manifests in full. Flybe of course was already embattled before the new Covid-19 virus came along, and was the subject of a controversial bailout by…
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6 MarchBusiness Bites
Flybeโs pensions in doubt; Poorest 20% no better off than before, 1m Virgin customers on unsecured database
Flybeโs pension pot for 1,350 current and former workers is at risk, as the fallout from one of the first casualties of the coronavirus business threat manifests in full. Flybe of course was already embattled before the new Covid-19 virus came along, and was the subject of a controversial bailout…
Read More »
