World Cup
Our World Cup coverage provides UK hospitality and foodservice professionals with practical insights on maximising trade during the tournament, including match-day promotions, themed menus, drinks stock planning, live screening setups, licensing considerations, and customer engagement strategies tailored to pubs, bars, restaurants, and catering operations aiming to boost footfall and profitability.
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Oct- 2023 -27 OctoberVenues & Properties
Boxpark posts £3.9m PBT
Boxpark has announced that it has posted a profit before tax of £3.9m for the year ended 30 April 2023, up from the £3.5m it posted in the previous year. Alongside this the company posted a gross profit of £8.8m for the full year compared with £8.5m last year. The…
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23 OctoberNews
Today’s news in brief – 23/10/23
Pret A Manger is partnering with franchisee Dallas International to expand its operations in the US. Dallas will operate about 50 Pret shops and have exclusive rights to open new ones in New York, Pennsylvania, and Washington D.C. The deal includes refurbishing shops and developing new formats, including drive-thrus, with…
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23 OctoberFood and Drink
Drinks sales up 3% due to warm weather and rugby
Drinks sales were up 3% year-on-year for the week ended 14 October as a result of unseasonably warm weather and rugby world cup games involving Ireland and Wales according to data from CGA. This increase makes it eight weeks of drinks sales growth out of the last nine. The rugby…
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19 OctoberNews
UK managed groups see 12 months of growth, CGA finds
Britain’s managed restaurant, pub and bar groups completed 12 consecutive months of year-on-year sales growth in September, the new CGA RSM Hospitality Business Tracker reveals. The tracker, which is produced by CGA by NIQ in partnership with RSM UK, indicated like-for-like growth of 5.9% last month—close to both the Tracker’s…
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10 OctoberNews
Today’s news in brief – 10/10/23
Pubs see increased spending in September as restaurants struggle. Consumer card spending in UK pubs saw a 6.1% rise in September, likely driven by the Rugby World Cup. Meanwhile, restaurant spending fell 10.8% compared with the previous month, and takeout spending increased by just 6.5%. In a survey, 44% of…
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10 OctoberBusiness
Pubs see increased spending in Sept as restaurants struggle
Spending in pubs increased 6.1% in September, compared with a 2.8% increase last month driven by the Rugby World Cup, according data from Barclays. Despite this, growth in spending slowed for spending in restaurants which was down 10.8% compared to a decrease of 5.8% last month Furthermore spending on takeaways…
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Sep- 2023 -25 SeptemberPubs and Bars
City Pub Group sales up 14% in H1
The City Pub Group has revealed that like-for-like sales increased 14% to £31.7m in H1, up from £26.1m in H1 2022, the half-year ended 25 June 2023. Despite inflationary pressures, the pub operator’s adjusted EBITDA level was maintained at £3.3m, slightly lower than H1 2022’s total of £3.4m, while adjusted…
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20 SeptemberPubs and Bars
Arc Inspirations sales jump 7.5% amid expanded estate
Bar group Arc Inspirations has announced an annual sales growth of 7.5% up to £40.8m for the year ended 26 March 2023. Alongside this the company posted an adjusted EBITDA of £3.84m, overcoming economy-wide inflationary and staffing pressures. Company EBITDA for the year was lower than the previous period, which…
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14 SeptemberNews
Hospitality sales rise by 5.3% despite cool summer, CGA says
Britain’s managed restaurant, pub and bar groups overcame some dismal summer weather to record like-for-like sales growth of 5.3% in August 2023, the latest Coffer CGA Business Tracker shows. The tracker, produced by CGA by NIQ in partnership with the Coffer Group andRSM UK, has now been in year-on-year growth…
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4 SeptemberNews
UK drink sales boosted by Women’s World Cup, CGA finds
UK drinks sales were in modest year-on-year growth last week, CGA by NIQ’s latest daily drinks tracker shows. The average sales in managed venues in the week to 26 August finished 1% ahead of the same week in 2022. It is a second successive week of marginal gains, after a…
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