Russia
Analysis of how geopolitical tensions, trade restrictions, and global events tied to Eastern Europe are influencing the UK foodservice landscape. This section covers supply chain disruption, commodity pricing, operational risk, and consumer sentiment, helping restaurant groups, pub operators, caterers, and procurement professionals understand how international developments affect costs, availability, and long-term planning across UK kitchens and venues.
-
Jun- 2022 -10 JuneFood and Drink
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 of ongoing high energy costs and “unstable” global supplies. Foodservice prices in April were already 10% higher than in April 2021, the third month of double-digit inflation in a row,…
Read More » -
May- 2022 -26 MayRestaurants
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 ambition to almost double its site locations from the current 89 over the medium term, subject to an improved trading environment. The owner of Fridays and 63rd+1st said this growth…
Read More » -
26 MayBusiness
Starbucks to exit Russia
Starbucks has announced it will exit Russia and no longer have a brand presence in the Russian market, following the ongoing conflict in Ukraine. The company said it will continue to support the nearly 2,000 green apron partners it has in Russia. This includes paying staff for the next six…
Read More » -
23 MayBusiness
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 agreement with its existing licensee, Alexander Govor. Last week (16 May), Mcdonald’s announced that it will exit the Russian market after more than 30 years of operations in the country.…
Read More » -
16 MayBusiness
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 country, and it has initiated a process to sell its Russian business. McDonald’s said the humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, had…
Read More » -
5 MayNews
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 it has taken action since December. The new rate of 1%, up from 0.75%, is the BoE’s latest attempt to curb the rampant rise in inflation – also at its…
Read More » -
Apr- 2022 -12 AprilFood and Drink
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 edition of the Foodservice Price Index from CGA and Prestige Purchasing. The double-digit increase was fueled by challenges including a surge in demand, the “lingering” impacts of Covid, additional costs…
Read More » -
Mar- 2022 -29 MarchFeatures
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 in neighbouring EU countries. Nearly two million Ukrainians have settled in Poland and the EU has granted those fleeing the war a “blanket-right” to stay and work throughout the 27…
Read More » -
23 MarchGovernment
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 statement, including increasing the national insurance threshold by £3,000. Speaking in parliament today (23 March), Rishi Sunak began his speech by warning it is yet unclear what the impact of…
Read More » -
23 MarchNews
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, according to the Office for National Statistics (ONS). It revealed this is the highest CPI 12-month inflation rate in the national statistic series which began in January 1997, and the…
Read More »
