RSM
Our RSM coverage focuses on the latest research, reports, and expert commentary from RSM UK that impact the foodservice and hospitality sector, including financial health trends, insolvency risk data, inflation insights, and business advisory relevant to restaurants, pubs, bars, and catering operators. We highlight RSM’s analysis on market pressures, operational costs, and sector resilience, providing operators with essential intelligence to inform strategy, investment, and financial planning.
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Sep- 2024 -12 SeptemberNews
Today’s news in brief – 12/09/24
Adnams chairman Jonathan Adnams has stepped down due to health reasons. The news comes after he initially informed members of his possible retirement at the company’s last Annual General Meeting. As a result, the board “unanimously” agreed that Simon Townsend will step in on an interim basis as non-executive chairman. …
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12 SeptemberRestaurants
Majority of consumers support Tipping Act, finds RSM
A survey of 2000 from RSM has found that 80% of consumers think that 100% of tips and service charges should go to staff. Despite this, only a fifth (20%) believe that hospitality staff receive 100% of the tips from customers. The new Employment (Allocation of Tips) Act 2023 will…
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Aug- 2024 -21 AugustPubs and Bars
UK hospitality groups report 1.5% YoY growth in July
Britain’s top hospitality groups achieved year-on-year growth of 1.5% in July 2024, down from June’s rate of 2.9%, according to the latest CGA RSM Hospitality Business Tracker. As July started with the peak of the 2024 Euros, including the quarter, semi-final and final games, Britain’s pubs experienced like-for-like growth of…
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Jul- 2024 -24 JulyBusiness
Hospitality sees YoY sales rise 2.9% in June
Hospitality groups recorded year-on-year sales growth of 2.9% in June, down slightly from May’s rate of 3.6% but ahead of the current rate of inflation, according to the latest CGA RSM Hospitality Business Tracker. This marks the eighth period of growth in the last nine months. During June, restaurants were…
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5 JulyGovernment
UKH: ‘Labour needs to deliver on its commitments, and quick’
UKHospitality chief executive Kate Nicholls has said that “we need to see Labour deliver on its commitments, and quick,” after the party secured a landslide victory at the general election. The UKH boss said within the first 100 weeks, the sector needs to see reduced employer National Insurance Contributions to…
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Jun- 2024 -27 JunePeople
Comptoir Group reshuffles board amid non-exec chair resignation
Comptoir Group has announced some changes to its board of directors, following non-executive chair Beatrice Lafon’s resignation yesterday (26 June) to “pursue other business interests”. As a result, current non-executive director Jean-Michel Orieux, who held that role since August 2022, will succeed Lafon as chair of the board with immediate…
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19 JunePubs and Bars
Hospitality groups report 3.6% growth in May
Hospitality groups across Britain achieved year-on-year sales growth of 3.6% in May 2024, despite “disappointing” weather and the ongoing effects of inflation, the CGA has reported. According to the latest CGA RSM Hospitality Business Tracker, this marks a “quick return to growth” after a 1.7% drop in trading in April, which…
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3 JuneNews
Today’s news in brief – 03/06/24
Liberation Group’s revenues rose 20% to £144.4m in the year ended 27 January, with strong underlying growth resulting in LFL Managed Pub EBITDA increasing 19%. The group’s UK managed pubs produced a “strong” performance, with an 8% increase in LFL growth, ahead of the industry CGA RSM Hospitality Business Tracker…
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3 JunePubs and Bars
Liberation Group welcomes record sales of £144.4m
Liberation Group, the privately owned premium pub operator and brewing company, has announced record revenues of £144.4m, up 20% for the year ended 27 January 2024. Strong underlying growth also resulted in LFL Managed Pub EBITDA increasing 19%. The group’s UK managed pubs produced a “strong” performance, with an 8.0%…
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May- 2024 -30 MayRestaurants
Restaurant groups see at-home sales rise 4.5% YoY in April
The UK’s top restaurant groups have achieved year-on-year growth of 4.5% in delivery and takeaway sales in April, according to CGA by NIQ’s latest Hospitality at Home Tracker. This strong like-for-like trading is nearly double the country’s 2.3% rate of inflation in the year to April, as measured by the…
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