Search Results for: covid

BoE raises interest rates to 1.25%

The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…

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UK eating out market to value £95.2bn in 2022

The UK eating out market is set to value £95.2bn in 2022, up 4% from pre-Covid levels in 2019, according…

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Whitbread beats expectations but warns of ‘tight’ labour market

Whitbread has revealed that it expects to increase its total costs by £20m – £30m in FY23 due to targeted…

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Losses at top 100 UK restaurant groups surge 24% to £832m

Losses at the Top 100 UK restaurant groups grew 24% from £673m to £832m in just the past six months,…

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High food and drink inflation to extend into 2023 

The high food and drink inflation seen in recent months could extend into 2023, the CGA has warned, in light…

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Liberation Group profits hit £9.5m

The Liberation Group has reported its underlying EBITDA hit £9.53m, compared to a loss of £795m in 2021 for the…

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Brewdog losses narrow as revenues hit £286m

Brewdog has reported its revenues surged 21% year-on-year from £238m to £286m in the year ended 31 December 2021, amid…

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Jubilee bank holiday to generate £2bn for hospitality

The hospitality industry is set to get a £2bn injection over the Jubilee bank holiday weekend, starting Thursday 2 May. …

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Comptoir Group revenue soars 67% in FY21

The Comptoir Group has seen group revenues rocket 66.9% to £20.7m in the year ended 31 December 2021, up from…

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Valor Hospitality debuts chef academy amid skills shortage

Valor Hospitality, the international hotel management company, has launched a new Chef Development Academy, set to launch in August 2022,…

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