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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May- 2023 -11 MayNews
BoE raises interest rate for 12th time to 4.5%
The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by 0.25% in a bid to meet the 2% inflation target. The committee said it…
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10 MayBusiness
Compass Group HY profits surpass £1bn
The Compass Group has announced that its profits have surpassed £1bn for the six months ended 31 March 2023. This number is up from £744m in the same period last year which is an increase of 41.1%. The company also posted revenues of £15.8bn, an increase of 24.7% on the…
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10 MayRestaurants
Comptoir Group revenues up 50% to £31m in FY22
Comptoir Group has revealed a strong financial recovery in FY22 as full-year revenues soared by 49.9% to £31m compared with £20.7m in 2021, and gross profit rose by 44.3% to £24.4m compared with £16.9m in 2021. The results were driven by like-for-like store growth in the period and the absence…
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10 MayNews
JD Wetherspoon on track for record year as Q3 sales rise by 9.1%
JD Wetherspoon has said it is on course for record sales this year as sales rose by 9.1% in the 13 weeks to 30 April 2023, compared to the same period in the last full financial year before the pandemic. It comes as sales reported in Easter week were the…
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9 MayFood and Drink
Soft drinks sales surpass £1bn in Q1 2023
Sales of soft drinks in the UK surged past the £1bn mark to reach £1.7bn in the first quarter, up by 12% year-on-year, according to data from CGA Strategy. Soft drinks now have a 15.5% share of total on premise drinks sales by value, an increase of 1.7 percentage points…
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4 MayBusiness
Mixed Q1 for UK drinks sales
CGA Strategy’s Drinks Recovery Tracker has revealed a “reasonable outlook” for Q1 with wine sales up but spirit sales down. It revealed wine sales have seen growth every week in 2023 as older consumers returned to pubs, bars and restaurants after the pandemic. Meanwhile, beer sales were in year-on-year growth…
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3 MayComment
Top considerations for hospitality businesses heading into the era of personalisation
The start of 2023 has been particularly difficult for the hospitality sector, with rising inflation forcing consumers to cut discretionary spend. In fact, more than half of UK consumers have cut back on non-essential spending, with nearly two-thirds choosing to reduce the amount they eat out. As such, in the…
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2 MayComment
Fighting the global food waste problem with AI and automation
With food and drink prices remaining stubbornly high in the UK despite recent Office for National Statistics figures showing a slowdown in inflation, it has never been more important to manage and reduce waste. Yet, according to the United Nations, roughly 17% of all food produced in the world for…
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2 MayNews
Heinkenen to invest £40m in Star Pubs upgrades
Heineken has recently announced it will invest £40m in upgrading almost a quarter of the pubs in its Star Pubs & Bars’ estate in 2023. A total of 570 pubs will benefit from the improvements, with 100 of these scheduled for major revamps averaging £200,000 each, creating around 600 new…
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2 MayPubs and Bars
Liberation Group expands managed pubs portfolio in Q1
Pub operator Liberation Group has revealed that for the 12 weeks to 22 April, its portfolio of managed pubs increased by 4.7% like-for-like in the UK, while food and drink increased by 4.4% and 2.8% respectively. While accommodation saw a rise of 13.9% among the group’s managed pubs, its estate…
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