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.
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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%…
Read More » -
23 AugustCatering Companies
Compass Group gifts £500k to fund apprenticeships in West Midlands
Compass Group has gifted £500,000 to West Midlands Combined Authority (WMCA) to boost hospitality and professional services courses in the West Midlands region through the Apprenticeship Transfer Levy Fund. The new funded apprenticeships to WMCA will help budding chefs, restaurant front of house staff or other supporting roles land jobs…
Read More » -
3 AugustNews
BoE raises interest rates to 5.25%
The Bank of England (BoE) has raised interest rates for the 14th consecutive time to 5.25% in a bid to combat inflation. The bank’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target. At its meeting ending on 2 August 2023, the MPC voted by a…
Read More » -
1 AugustPubs and Bars
Liberation Group occupancy rates exceed 80% in H1
Liberation Group will be targeting becoming the “leading” provider of pub accommodation in the South of England, following the success of its Butcombe Pubs and Inns business, which has seen occupancy rates exceed 80% across the group. During the first half of 2023, the group has grown its accommodation offering…
Read More »
