Interest Rates

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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Drinks sales drop 5%

Drinks sales in the UK’s managed venues have dropped 5% for the week ended 14 September 2024, far less than…

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BoE holds interest rates at 5%

The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the…

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BoE cuts interest rates for first time in 4 years

The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling…

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Turtle Bay FY sales hit ‘record’ £93.7m

Caribbean-themed restaurant chain, Turtle Bay, has reported a sales rise of 6.1% to a record high of £93.7m for the…

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Market activity for pubs and restaurants improves in H1

Pub and restaurant market activity has seen an improvement in the first half of 2024 compared with the “subdued” levels…

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BoE holds interest rates for 7th consecutive month

Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced.  The bank’s…

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Hospitality YoY sales drop 1.7% due to more wet weather

Britain’s top hospitality groups saw sales drop 1.7% year-on-year in April after widespread wet weather, the new CGA RSM Hospitality…

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Food and Beverage M&A activity reaches highest deal volume since 2016

M&A in the UK food and beverage sector reached its highest deal volume since T1 2016 according to the new…

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