Inflation

Hospitality joins forces to strive for fairer treatment from the gov

A group of hoteliers and restaurateurs fed up with the industry being “discriminated against, with disproportionate business rates”, came together…

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Oakman hails ‘record’ sales in FY22

The Oakman Group Plc has revealed its total sales surged 79% to £65.1m for the financial year ending 3 July…

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Hospitality sector R&D spending falls 21%

Research and development (R&D) spending in the hospitality industry fell 21% in the Q1 of 2022, according to the latest…

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Food and drink sales recover in UK city centres

Restaurant, pub and bar trading in the UK has seen “solid” growth as out-of-home food and drink sales in all…

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Just 1 in 3 hospitality business running a profit, industry leaders find

The profitability of hospitality businesses across the UK is “plummeting” with only 37% currently turning a profit, according to a…

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Managed group sales remain flat in May as cost crisis deepens

Sales remained flat for Britain’s managed restaurant, pub and bar groups in May as like-for-like sales were just 0.1% ahead…

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BoE raises interest rates to 1.25%

The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…

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UK eating out market to value £95.2bn in 2022

The UK eating out market is set to value £95.2bn in 2022, up 4% from pre-Covid levels in 2019, according…

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Losses at top 100 UK restaurant groups surge 24% to £832m

Losses at the Top 100 UK restaurant groups grew 24% from £673m to £832m in just the past six months,…

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High food and drink inflation to extend into 2023 

The high food and drink inflation seen in recent months could extend into 2023, the CGA has warned, in light…

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