Extended government support for hospitality businesses under Tier 2

Rishi Sunak has announced a new raft of support measures in the Commons today (22 October), following a morning meeting with business leaders including hospitality operators.

UK retail lifts moribund global sales at Pernod Ricard

Drinks giant Pernod Ricard has seen its sales drop 6% in the first quarter of the financial year, though UK retail sales remain dynamic.

Industry estimates 750,000 job losses without ‘appropriate support’

Hospitality faces 750,000 job losses without urgent government support, according to the latest research conducted by CGA for UK Hospitality (UKH), the British Institute of Innkeeping (BII) and the British Beer & Pub Association (BBPA). 

UKH: ‘£40m Scottish pot not enough’

UK Hospitality (UKH) has warned that the £40m pot of financial support provided by the Scottish government is not enough to keep the hospitality industry alive.

Johnson confirms three-tier lockdown system

Prime Minister Boris Johnson has confirmed the introduction of a three-tier lockdown system that sets out different rules for regions classified as being on ‘medium’, ‘high’ or ‘very high’ alert. 

Pernod Ricard recognised for environmental efforts

Drinks giant Pernod Ricard has been awarded ‘Lead’ status by the United Nations Global Compact for the third consecutive year for its work on sustainability.

Investing for Future: Short-term cost-cutting could have long-term impact

A unique set of circumstances created by the coronavirus epidemic has made investment more vital than ever for business, as consumers become ‘hyper aware’ of the activity of brands in times of crisis.

Hospitality biggest casualty as record UK recession confirmed

Britain’s economy shrank by 20.4% in the three months to June 2020, marking the deepest contraction currently of any major economy, with the Accommodation & Food sectors among the hardest hit, slumping by 86.7%.

Diageo GB’s full year results reveal impact of on-trade closure

Diageo’s full year results reveal a 47% fall in operating profits globally as a result of the pandemic, with net sales of spirits down 8% globally, and a 4% dip in the UK.

CyT Q2 results show “double-digit” uplift

Chilean producer Viña Concha y Toro has announced a 16.5% consolidated sales uplift in its Q2 results, posted today (31 July).

More than 53,000 outlets sign up for Eat Out To Help Out scheme

More than 53,000 restaurants, bars and cafes across the UK have signed up to the government’s Eat Out to Help Out Scheme offering diners a 50% discount during August.

Campari Group profits drop one third in Q2

The Campari Group has reported a 33.5% drop in net profit, down to €77.6m, across the second quarter of 2020, with sales down 11.3%, at €768.7m.

Border model could leave the UK between a rock and a hard Brexit

Pernod Ricard issues more upbeat guidance for 2020

Pernod Ricard is predicting a softer impact on its business as a result of the ongoing Covid-19 crisis, according to its latest guidance for its 2020 results.

UK Hospitality welcomes progress on business rates reform

The government has launched a fundamental review of business rates, beginning with a call for evidence. 

UK should embrace “best in class” IT to secure global drinks trading pre-eminence

The UK’s withdrawal from the EU and subsequent shake up of import-export requirements is an opportunity to implement a system that secures Britain’s place as the unrivalled hub of international drinks trading.

MPs launch probe into the impact of wine certification

A group of MPs is today launching an inquiry into the impact of wine certification set to be brought into force at the end of the Brexit transition period on 1 January 2021.  

Government to pay £1,000 “bonus" for every employee brought back from furlough

The government has announced a Job Retention Bonus to support furloughed employees and businesses back into work.

Covid-19 estimated to cost food and drink SMEs £21k each

New research has estimated that small hospitality businesses operating in food and drink will on average lose £21,586 in lost work, earnings and loan repayments as a result of Covid-19.

Government publishes re-opening guide

The government has this morning published the re-opening guide for the hospitality industry.