Economic Growth

McMullens FY pre-tax profits rise 34.4% to £16.4m

Brewery and pub operator, McMullen’s, has reported that its profits before corporation tax jumped by 34.4% to £16.4m in the…

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Foodservice YoY inflation holds steady at 1.8% in February

Foodservice inflation held steady at 1.8% year-on-year in February, while month-on-month inflation saw a slight decrease of 0.1%, according to…

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Gov launches initative to cut red tape to boost British nightlife

Pubs, clubs and restaurants are set to be released from red tape which has stifled business as the government ‘backs…

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Chancellor resists calls for business relief in Spring Statement

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part…

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UKH calls for CMA investigation into business energy market

UKHospitality has called for the Competition and Markets Authority (CMA) to conduct an investigation into the non-domestic energy market.  In…

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UKH calls for delay to employer NICs threshold changes

UKHospitality has called for the government to delay the reduction in the employer NICs threshold after hospitality business confidence hit…

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The Revel Collective H1 sales fall 22% amid bar brands challenges

The Revel Collective has reported that sales for the 26-week period to 28 December 2024 were 22% lower at £64.2m…

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April cost hikes may force 70% of hospitality firms to cut jobs

A survey by hospitality trade associations has revealed that rising employment costs and reduced rates relief in April will force…

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Costa Coffee invests in baristas with 5% pay boost

Costa Coffee has announced that it will increase pay rates by 5% from 1 April 2025 for over 15,000 team…

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Today’s news in brief – 10/02/25

Red Engine has unveiled its 2025 global expansion plans as its Q4 sales rose 24% to £25.3m. The hospitality group…

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