All news articles – Page 170
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NewsHospitality likely to see rise in business rates bills
The Chancellor’s failure to freeze the business rates multiplier for the next year will mean businesses are likely to see a 5% increase in April 2024
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NewsStrikes could cost hospitality as much as £600m
According to UKHospitality, London venues could lose £69m as a result of tube strikes, while rail strikes could cause £600m in lost sales across the country
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NewsMore than 4,000 late night businesses lost since pandemic
The recovery of the night time culture economy could take years, with its timeline reliant on heavily reliant on support in the Budget today
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NewsSector counting on Chancellor for support in Budget
Support on energy, business rates, VAT and the labour market are among the key areas the hospitality sector is calling for the government to address in its spring statement today
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NewsJane O’Riordan scoops Retailers’ Retailer of the Year 2023
JKS won Best Restaurant Company, Albert’s Schloss won Best Concept and Jeremy King won the Lifetime Achievement award at last night’s ceremony
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NewsCrosstown appoints new CEO
Howard Ebison joins from real estate and development company Hammerson, while co-founder Adam Wills steps down after nine years with the doughnut and coffee brand
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NewsNew PE firm in contention for Subway acquisition
Advent International has joined the list of parties which remain in the running to buy US sandwich chain Subway, alongside the likes of Goldman Sachs and Bain Capital.
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NewsPret calls for clearer rules on food labelling
Pret is among 11 businesses that have signed an open letter organised by the foundation for Natasha Ednan-Laperouse, who died after eating a baguette containing sesame seeds
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NewsExtended energy support needed in Budget
Restaurants, pubs and bars are being hit with 600% rises in standing charges with “absolutely no justification or explanation”, according to UKHospitality
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NewsSessions to launch in Manchester
The growth platform will launch its second landmark venue, following Brighton’s Shelter Hall, in Manchester’s St John’s Development in early 2024
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NewsNightcap reports resilience in face of rail strikes
The late-night operator saw a 5.8% lfl decrease against H1 FY22, attributed to strike action, and reported revenue of £23.5m for H1 FY23
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NewsFridays owner serves up alarm by delaying results
The company behind the Fridays restaurant chain has sparked concern among investors after delaying its annual results pending discussions with its banks, The Times reports
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NewsUK ‘no longer at risk of recession’ as economy grows ahead of Budget
A return to economic growth prompts improvements in analysts’ forecasts, The Telegraph reports
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NewsIf the British economy can’t pay better wages, then it must shrink
Some of Britain’s biggest industries need to shrink and they need to start thinking about how to do it now, writes Phillip Inman for the Observer
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NewsMaster baristas making big cash from daily grind
Expert coffee-makers are in short supply and can earn more than doctors or be hired by the mega-rich, The Sunday Times reports
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NewsMcDonald’s UK staff were attacked over 900 times last year
A Freedom of Information request revealed workers were throttled, punched, kicked and attacked with chemical sprays, the Daily Mail reports
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NewsIn pictures: MCA’s Food to Go Conference 2023
Highlights from the day included fireside chats with itsu founder Julian Metcalfe and Tortilla CFO Andy Naylor and presentations from Tim Hortons and Moto Hospitality
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NewsThe Breakfast Club heads to Gatwick
The ‘local caf’-inspired concept has made its first forway into travel hubs with a partnership with SSP to open in the airport’s north termainal
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NewsOpenings of the week
MCA rounds-up the latest openings stories from the past week, featuring Marugame Udon, JW Lees, Incipio Group and more
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NewsUK economy rebounds in January
GDP grew by 0.3%, according to new data from the Office for National Statistics, driven by a rebound in the services sector