Inflation

Today’s news in brief – 20/12/24

Drake and Morgan reported that turnover rose 5% to £45.5m for the year to 31 March. Alongside this, the company’s…

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UKH disappointed in BoE decision to hold interest rates

UKHospitality has expressed disappointment in the Bank of England’s decision to hold interest rates at 4.75%, which came after a…

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BoE holds interest rates at 4.75%

The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation…

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Today’s news in brief – 18/12/24

Azzurri Group has seen profits rise from £21.3m to £41.9m in FY24, amid a year of “strong financial performance and…

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Inflation hits eight-month high of 2.6% in November

Inflation has risen for the second month in a row, rising to 2.6% in November, up from 2.3% the previous…

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Hospitality sales rise 2.7% ahead of Xmas celebrations

Hospitality groups recorded year-on-year sales growth of 2.7% in November 2024, according to CGA and RSM’s latest Hospitality Business Tracker. …

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Today’s news in brief – 16/12/24

Levy UK&I and Excel London have made a multi-million-dollar agreement, strengthening their long-standing relationship. The partnership aims to build on…

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Hospitality inflation falls to 2.2% in October

The hospitality sector saw year-on-year inflation fall to 2.2% in October according to the latest Foodservice Price Index report from…

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Drinks sales return to growth during last week of November

UK drinks sales edged back into growth by 1% in the last week of November, according to CGA’s and NIQ’s…

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Key takeaways from HOSPACE 2024

The HOSPACE 2024 conference, hosted by the Hospitality Professionals Association (HOSPA) on 14 November at the Royal Lancaster London, marked…

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