Consumer spending slowed in May

06 Jun 2017

Consumer spending growth slowed to 2.8% in May – despite Brits continuing to spend on the ‘experience economy’ – as overall confidence in household spending power cooled in response to inflation.

Consumers continue to spend on “experience economy”

09 May 2017

Consumers spent 5.5% more year-on-year in April as a late Easter and inflation drove noticeable uplifts

Hospitality sector spending up in April

08 May 2017

Rising inflation and wage stagnation caused a slowdown in UK household spending growth to 0.5% year-on-year in April

Entertainment spend up 10.8% in February

08 Mar 2017

Consumers spent 4% more year-on-year in February with entertainment spend up 10.8%.

Restaurants help boost strong UK GDP for 2016

27 Jan 2017

UK GDP increased by an estimated 0.6% in Q4 2016, driven by a strong performance in the service sector, with hotels and restaurants singled out for performing particularly well, according to the latest data released by the ONS.

Fundamental’ Brexit effect on food and drink prices expected

06 Dec 2016

Brexit will have a fundamental impact on food and drink prices, with foodservice inflation expected to rise by 3.4% in 2017 alone, David Read, chief executive of Prestige Purchasing has warned.

CBI expects faster growth in next quarter

28 Nov 2016

The latest figures from the CBI have shown “a modest increase” in business volumes in the consumer services sector but with expectations of faster growth in the next three months.

Food prices suffer biggest fall

05 Oct 2016

Food prices in Britain saw their biggest ever fall in September while overall shop prices fell at a slower rate compared to the previous month

Brexit uncertainty hits UK business

11 Jul 2016

Uncertainty around Brexit has dragged UK business output and optimism to three-year lows, according to new research from BDO

Consumer spending growth at weakest level

11 Jul 2016

Consumer spending grew at the weakest rate seen in over two years in the run-up to the EU referendum

david campbell wagamama

Inside track: Next in line

12 Jun 2017

A plethora of changes at the top across some of the UK’s leading and up-and-coming eating and drinking-out groups has thrown up questions on the role of succession planning in the sector and whether private-equity groups are increasingly questioning existing growth strategies and those they have backed to implement them in the face of a challenging trading environment. Mark Wingett gets the thoughts of leading recruitment executives.

PizzaExpress

Keeping the Express on track

02 Jun 2017

The season of changes at the top of the UK’s leading restaurant brands continued earlier this week with the abrupt departure of Richard Hodgson as chief executive of PizzaExpress. Mark Wingett examines his time at the helm of the UK’s largest casual dining brand and why the company’s future growth is increasingly dependent on its expansion plans in the Far East.

Young's

Young’s: From dray horses to digital revolutionaries

26 May 2017

Young’s chief executive Patrick Dardis talks to MCA about regional expansion; plans to ramp up investment; it’s digital ambitions and the trends the group is seeing in its customer base.

Leon John Vincent

Investment deal raises stakes for Leon

25 May 2017

Leon’s new investors previously turned a concept described as a “meat-eater’s mecca” into a successful chain in the US and will hope to do the same with the UK-based health-focused, fast food concept. Mark Wingett looks at the new investment and talks to Leon co-founder John Vincent about taking nothing for granted

YO! Bluewater

Rowland’s YO! renaissance

22 May 2017

Robin Rowland describes the moment he stepped back in as chief executive of YO! Sushi as the world starting again. Over the past 16 months, he has made sure that the brand he will have served for 18 years this year, returned to its core values, or RUCC (Respectful, Unconventional, Colourful and Confident) and with it has come the company’s mojo and an uptick in performance. Mark Wingett reports

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