Drinks Sales In Year-On-Year Growth For Ninth Week In A Row
On Premise drinks sales were 7% ahead of the levels of June 2022 last week after more good weather, CGA by NIQ’s latest Drinks Recovery…
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Business
All the latest business news for pubs, bars, clubs, restaurants and hotels in the UK hospitality sector and licensed on-trade industry.
Heartwood Collection Secures Additional £100m Of Funding To Support Ambitious Growth Plans
Heartwood Collection has secured additional funding to support its rollout into freehold pubs and pubs-with-rooms. As part of this funding, a new banking facility of…
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Fall In Real Incomes Signals Financial Stresses For Hospitality Operators, Says RSM UK
The Bank of England’s latest monthly Money and Credit data highlights the impact of the rising cost of borrowing and the effect this will have…
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SLTA Welcomes Scottish Government’s Renewed Engagement With Business
The SLTA (Scottish Licensed Trade Association) has welcomed the Scottish Government’s renewed engagement with the business community and the creation of an independent review board…
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Scotland’s Wholesale Sector On The Road To Net Zero
The Scottish Wholesale Association (SWA) has set out ambitious plans to reach net zero by 2040, in time for Scotland’s net-zero target of 2045, in…
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Spend Across The Hospitality Sector Buoyed By Price Increases While Number Of Visits Falls
Increased prices across the hospitality sector drive year-on-year spend increases despite the number of visits taking a hit for many, as customers look to curb…
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Greene King Pub Partners Gala Dinner Raises Over £29,000 For Macmillan Cancer Support
Greene King Pub Partners, the leased, tenanted and franchise division of Greene King, has raised over £29,000 for Macmillan Cancer Support. The funds were raised…
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St Austell Brewery Reports Record Trading Results
St Austell Brewery has posted record sales for 2022. Despite the challenging economic conditions, annual turnover grew by 34% to £209.2 million – surpassing pre-pandemic…
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New Beginnings For Nailsea Pub As New Management Partner Takes The Helm
An investment by independent pub company Punch Pubs & Co has helped to relaunch a Bristolian pub with a new face behind the bar just…
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Interest Rates Are A Business Straitjacket As FSB Urges Government To Raise VAT Threshold
The Bank of England has shocked economists and investors by raising interest rates half a percentage point to 5% – the highest level since 2008….
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“Stagflation” Stopping Sector from Realising Full Potential say Leaders
The rate of price rises has remained at 8.7% in May despite expectations of a fall, according to official figures released yesterday (June 21). The…
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Pub Closures at Fastest Pace in a Decade as Rising Interest Rates and Energy Bills Take Toll
Pubs are closing at the fastest rate ten years, with analysts warning that of further closures, new research has revealed. 200 pub businesses entered insolvency…
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Hilton Boss Steve Cassidy To Become Chair Of UK Hospitality
Steve Cassidy, Managing Director, Hilton UK & Ireland, will take over as Chair this week from Steve Richards, CEO of Parkdean Resorts, who moves to…
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Foodservice Price Inflation Jumps Back Above 20% in April
Price increases had begun to slow in the first quarter of this year, and inflation dipped below 20% in March for the first time since…
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JMW Solicitors And Sacha Lord Join Forces To Fight For Compensation From Energy Companies
JMW Solicitors is planning to launch legal action against energy supply giants – including British Gas, EDF and Scottish Power – on behalf of hundreds…
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