Revenue
Our coverage brings together critical reporting on revenue performance across the UK hospitality and foodservice sector. We cover everything from operator trading updates and income breakdowns to revenue drivers like pricing, footfall, menu engineering, and channel diversification. Whether you’re a multi-site pub group tracking seasonal income, a restaurant CFO analysing unit economics, or a catering firm monitoring year-on-year growth, our coverage offers sharp insights into how businesses are generating, and protecting, revenue in today’s market. Expect detailed financial reporting with practical relevance for commercial foodservice leaders.
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Jul- 2020 -9 JulyCoronavirus
Arrest over suspected furlough fraud
A West Midlands man has been arrested as part of an HM Revenue and Customs (HMRC) investigation into a suspected £495,000 Coronavirus Job Retention Scheme (CJRS) fraud. HMRC officers executed a search warrant yesterday (8 July 2020) in the Solihull area and arrested the 57-year-old. This is the first arrest…
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9 JulyCoronavirus
Industry reacts to Sunak’s summer statement
The hospitality sector has widely welcomed the series of measures announced by the chancellor in his “summer statement” yesterday, with UKHospitality saying it is “reassuring” that he singled out hospitality and tourism as a “vital part” of the UK’s economy. Yesterday (8 July), along with a £9bn retention scheme that…
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8 JulyPubs and Bars
Pub and bar spending soars by 300%
Spending in pubs and bars soared by almost 300% over the 4 July and 5 July, compared to the weekend prior. According to the latest figures from Barclaycard, contactless transactions also increased by 137% over the first weekend of eased restrictions. In total, hospitality, leisure and entertainment grew by almost…
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7 JulyComment
Realistic customer expectations? I’ll drink to that
I am worried about pubs and restaurants in Scotland reopening – but my worries have little to do with safety and everything to do with customer expectations. I’ve spent the past three months working with our hospitality and tourism clients watching them plan for a COVID-safe reopening. Investing time in…
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6 JulyCoronavirus
Pret set to slash 1,000 jobs and shutter 30 stores
Pret a Manger is reportedly set to slash almost 1,000 staff roles and shutter 30 of its 450 UK stores amid spiralling sales. According to a report by the Financial Times, Pret’s CEO, Pano Christou, said today (6 July) that the chain is facing a “significant restructuring of the business”,…
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1 JulyComment
Will technology become a caterer’s best friend when doors reopen?
July 4th will undoubtedly be a day of celebration not just for hospitality professionals, but for the whole country, as bars, pubs and restaurants are given the green light to open their doors once more. But happiness will be mingled with apprehension for many restaurant owners, wondering how social distancing…
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Jun- 2020 -30 JuneCoronavirus
Government confirms changes to ‘flexible’ furlough scheme
The UK government has confirmed the latest set of changes to its “flexible” furlough scheme – dubbed CJRS V2 – ahead of its launch of the 1 July. HM Revenue and Customs has set out the new guidance as the current version of the Coronavirus Job retention Scheme (CJRS) ends…
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26 JuneNews
Marston’s profits plunge as Covid-19 leads to £40m sales hit
Marston’s has said it remains “uncertain” about its short-term financial outlook, after its profits took a £40m hit following lockdown. Its latest update comes ahead of the reopening of its estate on 4 July. The brewer and operator revealed that its underlying profit before tax was £9.4m in the half-year…
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26 JuneAdvice
The road to recovery for the hospitality sector
The global pandemic has had a huge negative effect on the global events industry and all its stakeholders, from venues, suppliers of key services such as catering, as well as countless freelancers in the industry. In the UK, the events industry generated £70bn of direct spend in 2019 alone, according…
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25 JuneCafes and Coffee Shops
Pret a Manger to pay just 30% of rent payments next quarter
Pret a Manger will pay only 30% of its rent over the next quarter after it warned it does not have “sufficient funds” to pay the bill in full. In a letter to landlords seen by the Evening Standard, chief executive Pano Christou warned landlords that the chain was in…
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