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.
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Jan- 2024 -15 JanuaryNews
UK pubs see drinks sales growth in 2024, CGA finds
Britain’s pubs and bars have started 2024 with year-on-year growth in drinks sales, CGA by NIQ’s Daily Drinks Tracker shows. Average sales in managed venues in the week to Saturday 6 January were 25% ahead of the corresponding week in 2022—though this is inflated by the inclusion of New Year’s…
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12 JanuaryPubs and Bars
Corporate buyers return to pub market in 2023
Tenanted pub companies made up 23% of freehold buyers in 2023, compared with 12% in 2022, according to data from Christie and Co. Furthermore, Christie and Co’s pub price index dropped 8.1% for 2023 as a result of interest rate hikes and a stubborn inflationary environment during 2023. Activity was…
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Nov- 2023 -6 NovemberBusiness
Closures slow after licensed premises drop below 100,000
The number of licensed premises in Britain has fallen by 3.6% over the last 12 months to 99,916 sites, according to data from CGA and AlixPartners. The total at the end of September 2023 marks the first time it has dropped below 100,000 since records began. The 3,766 drop over…
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Oct- 2023 -19 OctoberNews
UK managed groups see 12 months of growth, CGA finds
Britain’s managed restaurant, pub and bar groups completed 12 consecutive months of year-on-year sales growth in September, the new CGA RSM Hospitality Business Tracker reveals. The tracker, which is produced by CGA by NIQ in partnership with RSM UK, indicated like-for-like growth of 5.9% last month—close to both the Tracker’s…
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Sep- 2023 -27 SeptemberPubs and Bars
Hydes posts ‘record’ £34.1m turnover in FY23
Salford-based brewer and pub operator, Hydes, has announced a record turnover of £34.1m for the year ending 2 April, an increase of £5.8m on last year’s total of £28.3m. The company has partially attributed its performance to decisions made in previous years to fix energy costs until 2024, having entered…
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25 SeptemberNews
UK year-on-year drinks sales keep growing, CGA finds
UK drinks sales last week were ahead of 2022 levels for the fifth week in a row despite the September heatwave coming to an end, according to CGA by NIQ’s Daily Drinks Tracker. Average sales in managed venues in the week to Saturday (16 September) were 7% ahead of the…
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21 SeptemberNews
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5–4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…
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19 SeptemberNews
UKH calls on gov to take action on business rates amid pub closures
UKH has warned the government that a commitment to extend business rates relief is essential to avoid further pub closures. New government statistics show that 383 pubs were lost for good in the first six months of 2023. That’s the equivalent of two pubs per day. Wales was the region…
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14 SeptemberNews
Hospitality sales rise by 5.3% despite cool summer, CGA says
Britain’s managed restaurant, pub and bar groups overcame some dismal summer weather to record like-for-like sales growth of 5.3% in August 2023, the latest Coffer CGA Business Tracker shows. The tracker, produced by CGA by NIQ in partnership with the Coffer Group andRSM UK, has now been in year-on-year growth…
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Aug- 2023 -29 AugustBusiness
Over 60% of business leaders optimistic about business prospects
New data from CGA Strategy has found that 62% of business leaders feel optimistic about prospects for their business over the next 12 months, an 8% increase from the last survey in May. Alongside this 45% of leaders are optimistic about the hospitality industry in general, an increase of 5%…
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