Inflation

Today’s news in brief – 05/09/24

Confidence of hospitality leaders has fallen to 49% from 4% in May, spelling a third consecutive quarter-on-quarter drop, according to…

Read More »

Confidence among hospitality leaders falls by 4%, CGA finds

Just under half (49%) of hospitality leaders feel confident about prospects for their business over the next 12 months, down…

Read More »

Drinks sales down for fourth week in five

Drinks sales in the UK’s managed venues saw a year-on-year drop of 5% for the week ended Saturday 24 August,…

Read More »

Today’s news in brief – 29/08/24

The IoH has become a partner of the BoE’s banknote checking scheme, a free scheme for companies to protect their…

Read More »

Foodservice inflation falls to 3.1% in July

Foodservice rates fell to 3.1% in July, showing that inflation has now fallen for 13 consecutive months, according to Prestige…

Read More »

Hospitality insolvencies rise 13% in June

The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle…

Read More »

Rick Stein’s restaurant group returns to profit in FY23

Steins Trading Ltd, which operates Rick Stein restaurants, has returned to profit in FY23,  despite turnover dropping by 5% to…

Read More »

Hospitality returns to outlet growth in Q2

The hospitality industry has recorded its first quarter-on-quarter growth in outlets in two years, according to the new Hospitality Market…

Read More »

Today’s news in brief – 12/08/24

Revolution Bars Group will go ahead with its restructuring plan, which was first launched on 31 May. The news comes…

Read More »

White Rabbit Fund acquires Island Poke

Hospitality incubator White Rabbit Fund has announced the acquisition of Island Poke’s assets, having recently undertaken a voluntary restructuring. Island…

Read More »