By M&C Report team2005-10-09T07:43:00+01:00
Chancellor Rishi Sunak has warned inflationary pressures will continue to buffet the UK economy, and is forecast to average 4% next year
Inflation has soared to its highest level in nine years, with the Office for National Statistics (ONS) claiming this is down to last year’s Eat Out to Help Out scheme.
Hospitality could be experiencing a slowing in the recovery of consumer activity, weekly data compiled by the ONS has suggested.
The 1,445-strong pub group has secured an amendment and extension of its bank and private placement debt facilities to the end of 2025
The group’s leased and tenanted arm continued to see negative like-for-like growth last year but Stonegate saw a strong performance from its Craft Union business and managed division.
The UK arm of the business is currently the group’s strongest performing division, achieving EBITDA of £18.4m in 2022
Read the Digital Edition now
Site powered by Webvision Cloud