Long-time spirits industry commentator and MD of Mangrove Global, Nick Gillett, speaks out ahead of the new Labour government’s Autumn Statement, arguing that ‘the best hospitality can hope for is to be left well alone’.
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Britain’s leading hospitality groups recorded modest year-on-year sales growth in September, continuing a trend of like-for-like growth that has been in situ since the beginning of the year.
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New government data indicates a slight reprieve for the hospitality sector, as accommodation and food service insolvencies fell 16% month-on-month in August 2024.
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Hospitality leaders have sent an open letter to the Chancellor, imploring Rachel Reeves to “fix business rates and prevent bills quadrupling for high streets across the country”.
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As part of its drive to assist hospitality in meeting a Net Zero Commitment, The Scotland Food & Drink Partnership has released a new handbook to help food and drink businesses navigate sustainable progress.
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UK inflation dropped to 2.3% in April, its lowest level in nearly three years. However, the reduction was less significant than anticipated, dampening hopes for an imminent interest rate cut.
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The latest data from CGA shows that closures in Britain’s hospitality sector slowed from eight sites a day in 2023 to four a day in the first quarter of 2024.
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Britain’s leading hospitality groups generated like-for-like sales growth of just 0.1% in January according to CGA.
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According to Lumina Intelligence, the UK restaurant market reached a value of £18.6bn in 2023, spearheaded by premium branded establishments and menu price inflation.
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The ongoing threat of strikes is causing unmitigated damage to the UK hospitality industry, with business telling Harpers they can impact trade by 50% or more, even if they don’t go ahead.
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UKHospitality Wales has called on the Welsh government to boost beleaguered pubs, hotels and restaurants in Wales and provide vital business rates relief in next week’s Budget.
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The number of licenced premises in Britain has fallen below 100,000, marking a 31% decline in the two decades since 2003.
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The latest research from Zonal and CGA by NIQ, reveals the number of consumers not showing up for reservations in pubs, bars and restaurants has doubled since September last year.
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The Scottish Licensed Trade Association (SLTA) is pleading for more support to help protect the hospitality sector, as venues report the crippling impact of staff vacancies and ‘a continued wave of cost increases’.
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A scorching June helped Britain's managed restaurant, pub and bar groups achieve a ninth successive month of year-on-year sales growth, according to the latest Coffer CGA Business Tracker.
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Faced with a significant duty rise from 1 August, many in the business of selling wine are bracing themselves for a new round of pain. Unwilling to pass on price rises to cash-strapped customers, but needing to protect already thin margins, this unpopular hike in tax is understandably the talk of the trade. And all of this is to happen at a time when implementation will impact on hospitality outlets, forcing a reorganisation of wine lists during the crucial summer trading period.
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Scotland’s pubs, bars, restaurants and hotels face an unprecedented cocktail of challenges, according to the most recent Scottish Licenced Trade Association (SLTA) survey.
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Research unveiled by accountancy group UHY Hacker Young shows that the UK's top 100 restaurants returned to profitability in 2022, after four years of consecutive losses.
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Footfall across the hospitality sector is up on 2019 levels in Britain’s key cities, although high inflation and rail strikes remain major concerns.
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The amount restaurant owners are borrowing to keep their own businesses afloat has increased 12% in the past year, from £377 million in 2020/21, to over £424 million in 2021/22, says Mazars, the audit, tax and advisory firm.
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