National Living Wage

Predictions vs reality: testing OakNorth’s outlook on hospitality

The hospitality trade is a hard one. It runs hot in summer, cold in winter, and never moves in straight…

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Young’s FY revenues jump 24.9% to £485.8m

Young’s has reported that total revenues rose by 24.9% to £485.8m in the year ended 31 March, thanks to strong…

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Tasty FY operating losses narrow to £1.6m amid restructuring plan

Tasty has narrowed its operating loss from £2.6m to £1.6m for the year ended 29 December 2024, while its post-IFRS…

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Today’s news in brief – 16/04/25

Big Mamma Holdings has seen its turnover rise 10% to £44m in 2024. According to the group’s filings at Companies…

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Rising demand for revenue-based finance in hospitality

Hospitality businesses are one of the most frequent applicants for revenue-based finance according to SME funder 365 Finance. According to…

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Chancellor resists calls for business relief in Spring Statement

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part…

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Costa Coffee invests in baristas with 5% pay boost

Costa Coffee has announced that it will increase pay rates by 5% from 1 April 2025 for over 15,000 team…

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Number of late-night hospitality venues falls by 2.8% in 2024

Britain’s late-night hospitality sector had a total of 2,264 nightclubs, late-night bars and casinos at the end of 2024, spelling…

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Pizza Hut’s UK operator in ‘advanced talks’ with potential bidders

Pizza Hut’s UK operator is reportedly in “advanced talks” with potential bidders to wrap up a deal to secure its…

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Licensed premises rise 0.7% in Q3 despite budget pessimism

The number of licensed premises have risen for a second successive quarter by 0.7% between July and September, according to…

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