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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Jun- 2020 -15 JuneComment
The coronavirus diaries: Tara Smyth
On Thursday 26 March 2020, my partner, James Santillo and I celebrated two years of running The Duke’s Head. Thursday 26th March 2020 also happens to be the first day of our personal lockdown, not quite the day we had planned in our heads, but we did still drink the…
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May- 2020 -29 MayCoronavirus
Monthly pay for hospitality workers down 40%, says Fourth
The majority of furloughed hospitality workers could be earning “significantly less” than 80% of their normal earnings, according to the latest research by Fourth. In light of workers no longer receiving the average addition of 25% tronc to their monthly pay, workers are only receiving 60% of their usual wage…
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12 MayCoronavirus
Chancellor expected to extend furlough scheme to September
Chancellor of the exchequer Rishi Sunak is expected to extend the Government’s coronavirus furlough scheme to September, but reduce the amount people can claim to 60% of their earnings. According to Sky News, the move aims to prevent some 1.2 million redundancies, and comes after Sunak promised there would not…
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12 MayCoronavirus
Hospitality sector must have additional furlough support, says UKH
The hospital sector must be provided with an “extended and flexible” furlough scheme in order to survive the pandemic, UKHospitality has warned. The trade body has now written to the Chancellor asking for continued support through the Coronavirus Job Retention Scheme to “ensure that businesses survive, and jobs are saved”…
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Apr- 2020 -27 AprilCoronavirus
‘Extra work needed’ after survey finds gaps in business support, says UKH
Trade body UKHospitality has said “extra work” is needed to help support hospitality businesses after a survey has identified gaps in current government support. UKHospitality revealed the results of the first “comprehensive” survey of the hospitality sector during the COVID-19 pandemic, in which businesses were asked about their experiences of…
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14 AprilCoronavirus
Petition for Tronc payments to be included in furlough wages hits 6,000 signatures
A petition launched on change.org calling for the government furlough scheme to include tronc payments for hospitality staff has hit over 6,000 signatures. Currently, under the Job Retention Scheme, tronc payments such as tips and gratuities are not not included in the amount paid to furloughed workers. The petition, created…
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9 AprilCoronavirus
AAB calls on government to enhance support for businesses
Accountancy firm Anderson Anderson and Brown (AAB) has called on the UK Government to implement a series of “wide-reaching” measures aimed at helping businesses to survive the disruption caused by the Covid-19 pandemic. Lyn Calder, managing partner and also the firm’s head of deals for the Central Belt in Scotland,…
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7 AprilCoronavirus
Hospitality workers deserve full earnings from furlough scheme, says UKH
UKHospitality has urged the Government to reconsider its decision to exclude tronc payments from the Coronavirus Job Retention Scheme. Under the Job Retention Scheme, tronc payments such as tips and gratuities will not be included in the amount paid to furloughed workers. UKHospitality chief executive Kate Nicholls said the decision…
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Mar- 2020 -27 MarchComment
What we know about furlough leave and the CJRS
HMRC published details of the Coronavirus Job Retention Scheme (CJRS) on 26.3.20 which are available here: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme Key points include: Employees that employers can claim CJRS for For the purposes of CJRS, the definition of employee would include workers and agency workers provided they are subject to PAYE i.e. this…
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26 MarchCoronavirus
Self-employed to get 80% income grant
Chancellor Rishi Sunak has announced the government will pay self-employed people a taxable grant based on their previous earnings over the last three years, worth up to 80% of earnings, and capped at £2,500 a month. Sunak said it will run for a minimum of three months, with scope for…
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