Inflation

Today’s news in brief – 26/09/23

Brighton Pier Group reported a decrease in total revenues, falling from £17.3m to £16.2m in H1, primarily due to declining…

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Brighton Pier revenues fall in H1 amid declining bar sales

The Brighton Pier Group has revealed that total revenues were down from £17.3m to £16.2m in H1, following a decline…

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UK year-on-year drinks sales keep growing, CGA finds

UK drinks sales last week were ahead of 2022 levels for the fifth week in a row despite the September…

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Comptoir Libanais profits dip amid difficult trading conditions

Comptoir Group, owner of Lebanese and Middle Eastern restaurants, has announced revenues of £14.8m, an increase of 2.1%, for the…

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Today’s news in brief – 21/09/23

SSP revenues are anticipated to reach £3bn for the year, spelling a 37% year-on-year increase and an EBITDA of £280m.…

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Bank of England keeps interest rates unchanged at 5.25%

Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest…

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Adnams operating losses widen to £2.4m in H1

Adnams has revealed that sales in the first half of 2023 were level with last year’s total of £30m, as…

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Hospitality sales rise by 5.3% despite cool summer, CGA says

Britain’s managed restaurant, pub and bar groups overcame some dismal summer weather to record like-for-like sales growth of 5.3% in…

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Food and beverage sector sees rise in M&A activity

Food and beverage M&A activity has increased 13% in Q2 2023, after welcoming signs of recovery at the start of…

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Strong sales unable to keep up with inflation, UKH finds

Turnover increased 6.7% in the last year to £137bn, but compared with 2019, remains almost 20% behind in real terms…

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