Inflation

Euros hangover pushes drinks sales down in July

Drinks sales in the UK’s managed venues fell 6% for the week ended 27 July 2024 as consumers tightened their…

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Welcome Break FY profits rise 7% to £72.7m

Welcome Break, the operator of 35 motorway service stations with F&B outlets and hotels, has had a successful year to…

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Restaurant groups see ‘strong’ delivery sales amid wet weather

Managed restaurant groups in Britain have recorded the strongest growth in delivery sales since the end of the pandemic restrictions…

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BoE cuts interest rates for first time in 4 years

The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling…

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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…

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Turtle Bay FY sales hit ‘record’ £93.7m

Caribbean-themed restaurant chain, Turtle Bay, has reported a sales rise of 6.1% to a record high of £93.7m for the…

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Today’s news in brief – 30/07/24

Greggs has reported that sales rose 13.8% to £960.6m during H1. During the period, the food-on-the-go retailer saw underlying profit…

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Foodservice YoY inflation falls for 12 consecutive months

Year-on-year inflation in the foodservice sector has fallen for 12 months in a row, according to the latest Foodservice Price…

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Today’s news in brief – 25/07/24

Compass Group revenues rose 10.3% during Q2, as all regions continued to perform well. The group stated that as revenues and…

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Compass Group sees revenues rise 10.3% in Q3

Compass Group has announced a 10.3% rise in its organic revenue growth for the third quarter ended 30 June 2024.…

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