Inflation
Our coverage compiles our focused reporting on how inflation is impacting the UK foodservice and hospitality sector, from rising ingredient and energy costs to wage pressures, supplier pricing, and menu repricing strategies. We cover the knock-on effects across restaurants, pubs, bars, cafes, and catering firms, with expert commentary and operational insight to help owners, operators, and F&B executives respond effectively. Whether you’re managing margins, adjusting procurement, or making pricing decisions, this archive offers clarity on the inflationary forces reshaping the economics of hospitality.
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Aug- 2024 -20 AugustRestaurants
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 just under £11.9m. In its latest full-year results, the group reported an operating profit of £63k for the year to 31 December 2023, up by 106.2% against the prior year,…
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19 AugustBusiness
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 Monitor fry CGA by NIQ and AlixPartners. It comes as a 0.5% rise in the number of licensed premises between March and June of this year has resulted in 462…
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12 AugustNews
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 after the group’s subsidiary, Revolution Bars Limited, which proposed the restructuring plan, was sanctioned by the Court last week (8 August). The board expects this plan to deliver a “significant”…
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12 AugustRestaurants
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 Poke, which serves Hawaiian poke bowls, opened its first permanent restaurant in Soho in 2016. However, due the economic turmoil of the pandemic coupled with the impact of inflation, the…
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5 AugustPubs and Bars
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 spending following the European Championship, according to CGA. It found that patchy weather and tough comparatives with July 2023, which included the boost of the Women’s World Cup, were also…
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2 AugustFood and Drink
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 31 December 2023 as operating profits rose by 7% to £72.7m. According to the group, the year was successful in terms of overall performance, particularly in the peak holiday periods…
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1 AugustFood and Drink
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 due to unseasonal weather, according to CGA by NIQ’s latest Hospitality at Home Tracker. According to the Tracker, like-for-like sales in June were 17.1% higher than in the comparable month…
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1 AugustNews
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 to 5%. The bank voted by a majority of 5–4 to reduce the rate by 0.25 percentage points to 5%, marking the first fall in inflation since March 2020, where…
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Jul- 2024 -31 JulyTrade Associations
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 must strike an “affordable balance to help deliver growth for both businesses and staff”. Business secretary Jonathan Reynolds has ordered the LPC to factor in the future cost of living…
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31 JulyRestaurants
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 52-week period to 31 March. According to the group, it managed to bounce back “quicker and stronger” following the pandemic and experienced “industry-leading” like-for-like growth in its estates with further…
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