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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May- 2020 -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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24 MarchCoronavirus
Coronavirus Job Retention Scheme – Advice for Employers
Key points include: – Furloughed workers should not undertake any work for the company, including answering calls or emails – JRS should not interrupt an employees’ continuity of service – Annual leave will continue to accrue – Grants should be structured so no PAYE tax or national insurance contributions are due…
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19 MarchPubs and Bars
Young’s suspends rent for tenants
Pub operator Young’s has announced a new set of measures to support its team across London and the south east. In its latest announcement, the group confirmed it would provide a three-month property rent holiday for all of its tenants, starting this week. The group also said it was doing…
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Feb- 2020 -19 FebruaryBusiness Bites
Inflation jumps, physical money nearing the end, immigration to prioritise skills, £150m film studio to launch
Inflation has reached its highest rate in six months, at 1.8%, after the price of fuel and energy rose over the course of the last year. The consumer prices index (CPI) which measures the rate by monitoring the price of consumer goods, was expected to come in at 1.6%, so…
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