Inflation

Restaurant deliveries up 11% in May

Restaurant deliveries in May were 11.3% ahead of the same month in 2023 on a like-for-like basis, according to data…

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Food prices fall as inflation hits 28-month low, CGA report finds

Year-on-year inflation for the hospitality sector has fallen to 4.6%, the lowest Foodservice Price Index figure recorded in 28 months…

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Young’s Pubs profits and revenues surge

Young’s Pubs has revealed its profit-before-tax has increased 9.3% to £49.4m as its revenues increased 7.4% to £388.8m on a…

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BoE holds interest rates for 7th consecutive month

Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced.  The bank’s…

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Hospitality groups report 3.6% growth in May

Hospitality groups across Britain achieved year-on-year sales growth of 3.6% in May 2024, despite “disappointing” weather and the ongoing effects…

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Today’s news in brief – 12/06/24

Heston Blumenthal’s Fat Duck Group posted a pre-tax loss of  £1.4m for the year ended 28 May 2023. In documents…

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Fat Duck parent company posts pre-tax loss of £1.4m

Heston Blumenthal’s Fat Duck Group posted a pre-tax loss of £1.4m for the year ended 28 May 2023. In documents…

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Today’s news in brief – 10/06/24

St Austell Brewery has reported a “record” year where total revenues rose 10% to £229.5m. This comes as the group’s…

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St Austell Brewery FY23 revenues rise 10% to £229.5m

St Austell Brewery, which owns over 160 pubs, inns and hotels across the West Country, has reported another “record” year…

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Increased VAT has restaurants worried about survival, says RAI

More than nine-in-10 respondents have said that the reduced VAT rate of 9% for the food-led hospitality sector, which increased…

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