All Economics articles – Page 6
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Weekend PressJamie Oliver condemns ministers for ‘battering’ businesses
The chef and restaurateur told Times Radio the tax system does not differentiate between big players and tiny firms and Britain will become less relevant in terms of entrepreneurship
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News‘Challenging economic environment’ hits EBITDA at Glendola Leisure
Cost pressures including high interest rates and inflation contributed to a 15.7% decrease in adjusted EBITDA in the family-owned hospitality operator’s latest financial results
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Analysis & InsightRestaurants return to growth in March
Britain’s restaurant groups finished a difficult first quarter with modest like-for-like growth, data from the new NIQ RSM Hospitality Business Tracker reveals
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NewsTrade bodies warn sector ‘highly exposed’ to Iran war fallout as fuel prices propel inflation
UKH has said the government should be looking closely at how it can reduce the cost of doing business for demand-sensitive sectors like hospitality amid the conflict
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OpinionStaycationers steer clear of Kernow
Cornwall’s stunning beaches and dramatic scenery has long made it a go-to destination for holidaymakers. But the region’s flagging visitor numbers and unpredictable weather is proving a cause for consternation for hospitality leaders in the South West region
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Analysis & InsightEating out participation declines sharply
Consumer confidence hit a 12‑month low, against the backdrop of the US-Iran conflict which threatens to raise energy and food prices, according to Lumina Intelligence
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NewsTube strikes to deliver ‘devastating’ impact to sector in London
Pubs and bars could see a drop in sales by as much as 40% this week, as a series of Tube strikes kick off tomorrow
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Analysis & Insight‘Burdensome tax regime’ and ‘subdued consumer demand’ push up insolvencies
The latest government figures show accommodation and food services insolvencies jumped 22% month-on-month between January and February this year
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Weekend PressBoom in UK ‘staycations’ as war puts holidaymakers off overseas travel
A rise in domestic tourism could provide relief for rural hospitality businesses struggling with higher costs, the Financial Times reports
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OpinionHeaven and the fault lines of the licensing system
An iconcic LGBTQ+ nightclub was nearly shut down due to a concocted campaign of AI-generated complaints, a case which demonstrates the vulnerable position of night-time businesses, and how shaky evidence can trigger a licensing review
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Analysis & InsightWar on Iran: ‘Energy crisis is another storm the sector will have to weather’
The latest conflict in the Middle East might be unpredictable and fast-moving, but something all commentators are agreed on is that it will have a serious impact on fuel prices. Hospitality businesses face particular challenges when it comes to rising fuel costs
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NewsWar in Iran could lead to food shortages in Britain this summer
There are fears the closure of the Strait of Hormuz will lead to carbon dioxide shortages, impacting food and drink supply chains in the UK that could hit hospitality hard
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NewsPuttshack warns of ‘material uncertainty’ over parent company covenant breaches
The competitive socialising group says its parent company is actively discussing refinancing options amid forecasts it will breach it covenants at various testing dates over the next year
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NewsJohn Vincent: ‘We need more entrepreneurs in parliament’
The Leon boss said for each restaurant with £1.3m sales, the business is paying an extra £70,000 per year in business rates and national insurance under Labour tax regime
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Weekend PressLabour risks pricing families out of a holiday, warns Butlin’s
Chief executive Jon Hendry Pickup tells The Sunday Telegraph the government’s planned tourist tax ‘could be disastrous’ for the seaside resort chain
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InterviewsBrakspear: ‘Profitability is becoming more and more difficult to achieve’
Chief executive Tom Davies tells MCA that despite turnover remaining strong, spiralling employment costs continue to challenge the pub operator’s P&L
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Analysis & InsightTrade bodies warn operators are finding it ‘more and more difficult to make ends meet’
Data from CGA by NIQ shows that a third of hospitality businesses are now either breaking even or making a loss
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NewsMEATliquor shutters bulk of estate
The restaurant group has closed all but two sites under its core brand with founder Scott Collins also retaining control of Covent Garden sports bar BLOODsports
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NewsStrong trading drives turnover and profit at Everards
The Leicestershire-based pub operator and brewer says it is well positioned to navigate market challenges after reporting a 90%+ rise in operating profit in its latest results
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InterviewsThe Coffee House: ‘We’re pretty optimistic about where the year’s going to head’
Co-founder Chris Shelmerdine tells MCA the Northwest-based group has a full pipeline of openings for 2026 that will see it stretch further into the Midlands, as well as Yorkshire