Earnings
Our Earnings coverage delivers detailed reporting on the financial results of key players in the UK foodservice and hospitality sector, including restaurant groups, pub chains, catering firms, and supplier brands. We analyse revenue performance, profit trends, cost pressures, and investor outlooks, helping operators benchmark against industry peers and assess commercial resilience, market dynamics, and growth opportunities across the trade.
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Jan- 2025 -2 JanuaryPubs and Bars
More than 34 pubs a month stopped trading in 2024, data finds
The number of pubs that stopped trading permanently across England and Wales rose by 6.7% on 2023 levels, with more than 34 a month calling last orders for the final time in 2024, according to analysis of official government data by Altus Group. The commercial real estate adviser found that…
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Dec- 2024 -4 DecemberTrade Associations
Employment Rights Bill must reflect sector’s position, UKH says
UKH has urged the government to ensure the “unique” circumstances of the industry are reflected in any changes made to the Employment Rights Bill. It comes as the Bill’s four technical consultations officially closed this week (Tuesday 2 December). The trade body has submitted responses to each consultation, building on…
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Oct- 2024 -30 OctoberNews
Budget: Increases to employers’ NI and minimum wage
The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…
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23 OctoberCafes and Coffee Shops
Starbucks suspends FY guidance as Q4 revenues fall 3% to $9.1bn
Starbucks has decided to suspend its financial guidance for 2025, as consolidated net revenues dipped 3% to $9.1bn (£7bn) during the fourth quarter due to global sales falling 7% during the period. In light of the group’s recent performance, newly-appointed CEO Brian Niccol has said “it’s clear we need to fundamentally…
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Sep- 2024 -11 SeptemberNews
Today’s news in brief – 11/09/24
Job vacancies have fallen below 100,000 for the first time since the pandemic, falling to 98,000, in what UKH has called a “positive milestone” for the sector. ONS figures also indicate that average earnings are 4% higher than a year ago, which UKH boss Kate Nicholls attributed to the LPC…
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11 SeptemberTrade Associations
Hospitality vacancies fall below 100,000 for first time since pandemic
Job vacancies in food service and accommodation have fallen below 100,000 for the first time since the pandemic, falling to 98,000, in what UKH has called a “positive milestone” for the sector. However, vacancies still remain 5,000 higher than pre-pandemic levels of 93,000, the ONS’ labour market overview has revealed. …
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Aug- 2024 -6 AugustNews
Today’s news in brief – 06/08/24
Domino’s has downgraded its FY profit forecast, as PBT plummeted 35.2% to £59.4m as total orders were down 0.9% compared with the same period last year. As a result, group revenues were down 1.8% to £326.8m in the half-year period, with lower supply chain revenue offset by increased corporate store…
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6 AugustPeople
Papa John’s names Todd Penegor as new president and CEO
Papa John’s has announced the appointment of Todd Penegor as its new president and chief executive officer, effective immediately. Penegor succeeds interim CEO Ravi Thanawala in the role. Having held the role since March of this year, Thanawala will continue at the group in his chief financial officer role. Having…
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Jul- 2024 -31 JulyTrade Associations
UKH calls new LPC 2025 remit ‘disruptive and unhelpful’
UKHospitality has called changes to the Low Pay Commission’s (LPC) remit for 2025 “disruptive and unhelpful”, claiming that wages rates must strike an “affordable balance to help deliver growth for both businesses and staff”. Business secretary Jonathan Reynolds has ordered the LPC to factor in the future cost of living…
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29 JulyBusiness
Brighton Pier Group H1 sales falter due to poor weather
The Brighton Pier Group has reported that like-for-like sales in the first 18 weeks of the year were down by approximately £500k on the equivalent period in 2023, owing primarily to poor weather impacting trading on Brighton Palace Pier. In recent months, the group revealed that poor weather has continued…
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