Russia

High food and drink inflation to extend into 2023 

The high food and drink inflation seen in recent months could extend into 2023, the CGA has warned, in light…

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Fridays owner set to double estate despite profit warning

Hostmore is set to expand its portfolio with the addition of three new sites in FY22, as it outlined its…

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Starbucks to exit Russia

Starbucks has announced it will exit Russia and no longer have a brand presence in the Russian market, following the…

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McDonald’s to sell Russian arm to local businessman

McDonald’s has announced it has initiated a process to sell its Russian business, having entered into a sale and purchase…

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McDonald’s to permanently exit Russia after 30 years

McDonald’s Corporation has announced it will permanently exit the Russian market after more than 30 years of operations in the…

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BoE raises interest rates to highest level since 2009

The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…

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Foodservice inflation hits double-digits in February

Cost pressures are intensifying as year-on-year inflation in the foodservice sector hit 10.2% in February 2022, according to the latest…

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The need to do more: hospitality rallies in aid of Ukrainian refugees

The United Nations disclosed that more than three million people have fled Ukraine in search of safety with “most” residing…

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Spring Statement: Chancellor raises NI threshold to £12,570

The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring…

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Inflation hits 30-year high at 6.2% in February

The Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February 2022, up from 5.5% in January,…

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