Inflation

Roseacre Pub Company acquires 10th site with new Star Pubs lease

Midlands-based Roseacre Pub Company has taken its seventh pub with Star Pubs, increasing its estate to 10 sites, with plans…

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Hospitality sales slow in October as cost pressures mount

Hospitality groups achieved year-on-year sales growth of just 0.6% in October, which marks the fourth month of below-inflation growth in…

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Licensed premises rise 0.7% in Q3 despite budget pessimism

The number of licensed premises have risen for a second successive quarter by 0.7% between July and September, according to…

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UKH warns budget will cause job losses, closures and reduced investment

UKHospitality alongside notable hospitality bosses have warned the chancellor that plans outlined in the autumn budget will cause small business…

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Today’s news in brief – 07/11/24

Wetherspoon boss Tim Martin has warned of rising prices following the autumn budget, though the pub group intends to “make…

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Bank of England cuts interest rates to 4.75%

The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. …

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Foodservice inflation falls to 2.4% in September

Foodservice price inflation fell to 2.4% in September, the 15th consecutive month of easing, according to data from CGA. However,…

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Wetherspoon boss warns of rising prices following autumn budget

Wetherspoon chairman Tim Martin has said the pub group will “make every attempt to stay as competitive as possible” but…

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Today’s news in brief – 04/11/24

Soho Coffee Co. has seen its losses widen by 60% from £2m to £3.2m in the year to 31 January…

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Deliveries rise and takeaways stabilise as at-home sales grow

British restaurant groups achieved like-for-like sales growth of 6% in delivery and takeaway sales in September 2024, according to CGA.…

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