The latest company insolvency statistics reveal a 20% increase in accommodation and food service insolvencies over the year to May 2024, rising from 3,133 in the 12 months to May 2023 to 3,752 in the 12 months to May 2024. However, there was a 9% decrease in month-on-month insolvencies in May 2024.
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Trade credit insurer Atradius has revealed a 59% decrease in claims for late or failed payments in the food and drink sector between May 2023 and May 2024.
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Almost half (46%) of Londoners have spent more time at pubs, bars and restaurants during Euro 2024, the first men’s summer football tournament since Covid-19 lockdowns, according to new research from payments company Dojo. Across the UK, nearly one in four (23%) have done the same.
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WineGB has announced significant growth in the UK’s wine industry, with the number of vineyards reaching 1,030, a 9.2% increase from the previous year. According to the Food Standards Agency Wine Team, English and Welsh wine sales also grew by 10% from 2022.
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A new report from the World Health Organisation (WHO) reveals that alcohol consumption was responsible for 2.6 million deaths worldwide in 2019.
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Britain’s leading managed restaurant groups experienced their highest year-on-year growth in delivery sales for 2024 last month, according to CGA by NIQ’s latest Hospitality at Home Tracker.
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According to IWSR data, while gin encounters challenges in certain markets, the category continues to evolve and innovate.
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The Conservative Party has committed in its manifesto to a comprehensive review of England's nighttime economy, aiming to overhaul existing licensing laws and planning regulations.
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In the midst of declining disposable incomes and economic uncertainty, Generation Z is driving a significant shift in the beverage market. New research indicates that while overall alcohol sales have decreased, the no & low alcohol segment is experiencing impressive growth. This trend signals the need for a clear category vision that aligns with the evolving preferences of Gen Z, a demographic acutely feeling the pinch of high interest rates and economic challenges.
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The UK hospitality sector continues to experience a turbulent period, as highlighted by a series of reports and statistics. Despite significant challenges, the industry demonstrated resilience with a notable year-on-year sales growth in May 2024.
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James Bayley assesses the duality of the effects of alcohol consumption.
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Leading wine trade bodies, merchants and importers have united to support the UK drinks industry's new EDI (Equality, Diversity and Inclusion) initiative, prioritising safeguarding.
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A recent study by The Drinks Trust highlights the critical role of proactive wellbeing support for the success of the drinks and hospitality industry. The annual Drinks Trust Industry Survey, conducted in partnership with Kingsland Drinks, reveals the challenges faced by industry professionals over the past year and outlines the importance of positive wellbeing initiatives.
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Small and medium-sized enterprise (SME) drinks manufacturers are celebrating a substantial 63% rise in revenue during the first quarter of the year, according to the latest figures released by the Manufacturers’ Health Index.
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A recent report by the Wine and Spirit Trade Association (WSTA) has highlighted the substantial economic impact of the UK's wine and spirit industry, which contributed over £76bn to the economy in 2022. This marks a significant increase from the £49bn reported five years ago.
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A new industry report by research consultancy KAM and alcohol-free beer brand Lucky Saint reveals that a quarter of UK drinkers are alternating between alcoholic and alcohol-free drinks during their visits to pubs and bars. The report, titled ‘2024 Low and No: Drinking Differently,’ launched this week, highlighting the UK’s shift towards moderation.
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The Wine and Spirit Trade Association (WSTA), The Drinks Trust and the Wine & Spirit Education Trust (WSET) have launched an appeal for funding to support the initial stage of its initiative aimed at fostering equity, diversity and inclusion (EDI) in the UK drinks industry.
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Despite the ongoing cost-of-living crisis, the UK’s eating-out market reached a turnover of £97.3bn in 2023, surpassing pre-pandemic levels for the first time. This represents a 6% increase compared to 2022. However, Britvic's Soft Drinks Review 2024 highlights a shift in consumer preferences, with fast food outlets benefitting from consumers trading down, while casual dining and pubs face more significant challenges.
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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 global wine industry is facing challenges as consumption levels drop to their lowest in nearly three decades, as revealed in the State of the World Vine & Wine Sector 2023 report by the Organisation of Vine & Wine (OIV). However, amidst this downturn, insights provided by the report and analyses from Ciatti Global Wine & Grape Brokers point to opportunities for growth and positive change within the market, particularly in bulk wine shipping.
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