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Sep- 2024 -19 SeptemberNews
BoE holds interest rates at 5%
The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the…
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19 SeptemberRestaurants
TGI Friday owner calls in administrators, 4,500 jobs at risk
Hostmore, the group behind TGI Fridays restaurants in the UK, has officially appointed administrators from Teneo Financial Advisors. A total…
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18 SeptemberNews
Today’s news in brief – 18/09/24
Comptoir Group has seen its loss after tax widen to £1.7m in H1, despite reporting a revenue rise of 7.4%…
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18 SeptemberRestaurants
Comptoir Group losses widen to £1.7m in H1 despite revenue rise
Comptoir Group, the operator of Comptoir Libanais, Kenza, Shawa and Yalla Yalla, has seen its loss after tax widen from…
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17 SeptemberNews
Today’s news in brief – 17/09/24
Pret A Manger’s global sales have hit £1.1bn for the first time in FY23, following its expansion into overseas markets.…
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17 SeptemberPubs and Bars
Arc Inspirations FY turnover rises 16.2% to £47.4m
Leeds-based hospitality group Arc Inspirations, which operates Box and Manahatta, has reported a 16.2% rise in turnover to £47.4m for…
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17 SeptemberFood and Drink
Pret A Manger FY global sales hit £1.1bn for first time
Pret A Manger has reported a 10% increase in first-half sales to £569m, whilst also revealing that global sales hit…
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16 SeptemberNews
Today’s news in brief – 16/09/24
The end of business rates relief could cost the industry £928m in April, UKH has warned. Data from UKH found…
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16 SeptemberFood and Drink
Experiential hospitality more compelling than traditional venues, research finds
Experiential venues like competitive socialising bars, event spaces and food halls have emerged as an “increasingly compelling” alternative to traditional…
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13 SeptemberNews
Today’s news in brief – 13/09/24
UKH has welcomed Martyn’s Law, which was laid in parliament yesterday (12 September), providing updates to many key elements of…
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