Interest Rates

Coverage examines how changes in interest rates affect the UK hospitality and foodservice sector, including impacts on borrowing costs, business investment, consumer confidence, and property finance. Reporting provides context and analysis to help restaurant groups, pub operators, and catering businesses understand the financial environment and make informed strategic decisions.

  • May- 2024 -
    10 May
    Pubs and BarsPubs sales up 16.8% in wake of bank holiday weekend

    Pubs sales up 16.8% in wake of bank holiday weekend

    Transactions at pubs, bars and clubs reached a 2024-high on Saturday 4 May, as the sunny weather and bank holiday weekend encouraged Brits to make a trip to their local area, according to Barclays Consumer Spend data. Transactions were up 16.8% in comparison to the previous Saturday, and 2.5x as…

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  • Mar- 2024 -
    26 March
    Pubs and BarsNearly 75% of consumers visited a pub or bar over Christmas

    Nearly 75% of consumers visited a pub or bar over Christmas

    Nearly three quarters (73%) of consumers visited a licensed venue over the festive season, according to data from CGA. However, the number of people going out fell by five percentage points year-on-year, as high inflation put pressure on spending. Nearly all (97%) consumers told CGA they had been affected by…

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  • 14 March
    Food and DrinkHospitality sales rise ‘modest’ 1.4% in February

    Hospitality sales rise ‘modest’ 1.4% in February

    Top hospitality groups across the country saw modest like-for-like sales growth of 1.4% in February, according to the latest CGA RSM Hospitality Business Tracker. The data has shown a slow start to 2024 within the sector, following marginal growth of 0.1% in January in the wake of strong trading over…

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  • Feb- 2024 -
    1 February
    Business800 licensed premises lost in Q4

    800 licensed premises lost in Q4

    The number of licensed premises in the UK dropped by 0.8% in the fourth quarter of 2023, with a net loss of 803 in the three months, according to data from CGA. It represents an acceleration of closures from the third quarter of last year, when numbers fell by only…

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  • 1 February
    Food and DrinkVarious Eateries reports FY23 losses despite 12% rise in revenues

    Various Eateries reports FY23 losses despite 12% rise in revenues

    Various Eateries has reported an adjusted EBITDA loss of £2.2m, despite revenues growing 12% to £45.5m during the year ending 1 October 2023.  The loss has been attributed to the board’s decision to absorb the majority of price rises in a bid to strengthen Various Eateries’ long-term prospects.  While total…

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  • Jan- 2024 -
    29 January
    FeaturesFranchises in and mid-market out: The year ahead for the restaurant industry

    Franchises in and mid-market out: The year ahead for the restaurant industry

    The last year has been a difficult one for the restaurant industry. While the pandemic was tough for a lot of businesses, many managed to hold on to dear life only to go out of business in the years after. This has meant that the market for buying restaurants and…

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  • 26 January
    Food and DrinkCGA warns border checks threaten deceleration of foodservices inflation

    CGA warns border checks threaten deceleration of foodservices inflation

    Apprehensions are growing about a resurgence in inflation as a result of new border checks despite the recent general downward trend, CGA has revealed. The government is set to implement new paperwork requirements for EU businesses sending animal and plant products to the UK from the end of January, with…

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  • 15 January
    FeaturesWhy are insolvencies more likely to affect the hospitality sector?

    Why are insolvencies more likely to affect the hospitality sector?

    According to PwC’s outlook for 2024, there will be a significant rise in corporate insolvencies in 2024, just shy of 30,000 with smaller businesses accounting for the lion’s share. However, it further added that industries most impacted are likely to be hotels and catering, along with manufacturing, and transport and…

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  • 15 January
    NewsToday’s news in brief – 15/01/24

    Today’s news in brief – 15/01/24

    Drake and Morgan reported record festive trading, with like-for-like sales up 31.7% against the same period in 2022. Christmas bookings were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for the year ended 26 March 2023…

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  • 15 January
    Pubs and BarsMore than 4,500 Stonegate pubs at risk amid £2.6bn debt

    More than 4,500 Stonegate pubs at risk amid £2.6bn debt

    More than 4,500 Stonegate pubs could be at risk as parent company TDR capital seeks to refinance £2.5bn of debt, GMB Union has warned. Gary Lindsay, boss of TDR Capital which also owns supermarket giant Asda, told the Business and Trade Select Committee on Tuesday [9 January] he was ‘confident’…

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