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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Jul- 2024 -9 JulyPubs and Bars
Marston’s to dispose of 40% stake in Carlesbeg JV
Marston’s has announced the sale of its 40% interest in Carlsberg Marston’s Limited to a subsidiary of Carlsberg for £206m in cash to create a business entirely focused on pubs. According to Marston’s, pubs are at the “heart of UK socialising and the UK pub market offers significant opportunities to…
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8 JulyPubs and Bars
Slug and Lettuce posts pre-tax loss of £3.1m
Slug and Lettuce has reported a pre-tax loss of £3.1m for the 12-month period to September 2023 after the bar chain initially recorded profits of £2.2m in 2022. Slug and Lettuce has attributed its performance to revenues inching down from £48.6m to £48.5m due to “the impact of the macroeconomic…
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Jun- 2024 -28 JunePubs and Bars
Nightcap to re-register as a private limited company
Bar operator Nightcap has announced the proposed cancellation of admission of its ordinary shares to trading on AIM, a re-registration as a private limited company, and adoption of new articles of association. As a result, directors have undertaken an “extensive” review to evaluate the benefits and drawback to the company…
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26 JuneNews
Today’s news in brief – 26/06/24
Year-on-year hospitality inflation has fallen to 4.6%, the lowest recorded in 28 months by Prestige Purchasing and CGA’s Foodservice Price Index report, revealing more positive trends for the industry. May also saw month-on-month deflation of negative 0.4% – only the fourth such decrease in the last 32 months. Restaurant deliveries…
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26 JuneRestaurants
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 from CGA. This follows cool and damp weather in many parts of Britain for much of May, which led some consumers to order in food rather than going out. However,…
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26 JuneFood and Drink
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 by Prestige Purchasing and CGA’s Foodservice Price Index report, revealing more positive trends for the industry. May also saw month-on-month deflation of negative 0.4% – only the fourth such decrease…
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24 JunePubs and Bars
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 comparable 52-week basis and 3.4% on a like-for-like basis in 2023. The pub group’s adjusted EBITDA also increased 7.8% to £92.2m and its managed house adjusted EBITDA for the period…
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20 JuneNews
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 MPC voted by a majority of 7–2 to maintain the rate, despite inflation hitting its target and falling to 2% in May. UK inflation hit its target for the first…
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19 JunePubs and Bars
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 of inflation, the CGA has reported. According to the latest CGA RSM Hospitality Business Tracker, this marks a “quick return to growth” after a 1.7% drop in trading in April, which…
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12 JuneNews
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 filed on Companies House, the parent company of Fat Duck and the Hinds Head pub in Bray saw a dip in turnover from £11.5m in 2022 to £9.5m in 2023.…
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