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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Oct- 2023 -3 OctoberNews
Today’s news in brief – 03/10/23
Greggs reported a 20.8% increase in total sales for the 13 weeks ending 30 September. Company-managed shop like-for-like sales also rose by 14.2%, driven by extended trading hours and increased app usage. Evening trade contributed to 8.8% of sales, and 13.1% of transactions were made through the Greggs app. The…
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3 OctoberNews
Foodservice price inflation falls for third consecutive month, says CGA
Inflation decreased for a third consecutive month in August but remains above 20% year-on-year, according to the CGA prestige foodservice price index. Price increases have slowed in both foodservice and supermarkets in recent months. However, the rate of easing has been faster in retail, as month-on-month inflation in supermarkets as…
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Sep- 2023 -27 SeptemberNews
Today’s news in brief – 27/09/23
Hydes has achieved a “record” turnover of £34.1m for the year ending 2 April, marking a £5.8m increase from the previous year’s total of £28.3m. The company credits some of its success to long-term energy cost contracts, which shielded them from inflation’s financial impact. Despite challenges such as rising consumable…
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27 SeptemberPubs and Bars
Hydes posts ‘record’ £34.1m turnover in FY23
Salford-based brewer and pub operator, Hydes, has announced a record turnover of £34.1m for the year ending 2 April, an increase of £5.8m on last year’s total of £28.3m. The company has partially attributed its performance to decisions made in previous years to fix energy costs until 2024, having entered…
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26 SeptemberNews
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 sales in its bar division. Ongoing inflationary pressures impacted operating margins, resulting in lower earnings compared to the previous year. EBITDA dropped from £3m to £1.4m, with a loss before…
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26 SeptemberPubs and Bars
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 in sales from the group’s bar division. Following “exceptionally” strong trading from a post-pandemic surge in demand in the first half of 2022, ongoing inflationary pressures – in particular to…
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25 SeptemberNews
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 heatwave coming to an end, according to CGA by NIQ’s Daily Drinks Tracker. Average sales in managed venues in the week to Saturday (16 September) were 7% ahead of the…
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22 SeptemberNews
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 six months ended on 2 July. Adjusted EBITDA profit was £1m, a decrease of 73.7% compared to 2022, which the group attributes to “a challenging trading environment” dictated by the…
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21 SeptemberNews
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. This was due to recovery in passenger numbers, along with a stronger customer offer and digital presence. North America remains a key driver, while the UK and Ireland are expected…
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21 SeptemberNews
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 meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5–4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…
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