Inflation

Budget: Increases to employers’ NI and minimum wage

The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn…

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Honest Burgers unveils growth plans amid ‘exceptional’ H1 results

Honest Burgers has unveiled plans to quadruple the size of its business by 2030 amid “exceptional” H1 results with like-for-like…

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Weekly drinks sales drop 5% amid tough comparatives

Average drinks sales in managed venues in the week ended 12 October were 5% down on the same period last…

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Hospitality groups see sales rise 1.7% in September

British hospitality groups recorded a year-on-year sales rise of 1.7% in September, according to CGA RSM’s latest Hospitality Business Tracker. …

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Hospitality insolvencies show signs of easing

Accommodation and food service insolvencies fell 16% month-on-month in August 2024, from 323 to 270, the lowest monthly figure since…

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Top 100 restaurant groups see profits dip to £244.1m in 2024

The UK’s top 100 restaurant groups have seen their profits dip from £246.5m in 2023 to £244.1m in 2024, new…

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Today’s news in brief – 16/10/24

Hospitality business rates will likely hit £914m, UKH has warned, as September’s CPI inflation data will cause an additional £48m…

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Hospitality business rates to hit £914m, UKH warns

September’s CPI inflation data will cause an additional £48m increase to business rates meaning the overall bill, set for April,…

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Greggs sales rise 10.6% in Q3

Greggs has reported “good” like-for-like sales growth over the Q3 ended 28 September, as total sales rose 10.6% and like-for-like…

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Today’s news in brief – 26/09/24

Prezzo has appointed the former Brewdog CEO to lead the recovery plan, while the restaurant chain’s former chief executive, Dean…

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