All articles by Shwetali Sapte – Page 85
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![Trapdoor Bar[17]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/9/9/8/281998_trapdoorbar17_395150.jpg)
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Vapiano, JDW, Fridays and Chopstix
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NewsInterest rates rise to 3.5%
The Bank of England has lifted interest rates to a 14-year high of 3.5% yesterday, with the expectation the UK will fall into recession this quarter
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Analysis & InsightEating out market expected to total £101bn in 2025
The eating out market is expected to total £101bn following stability in inflation and recovery in consumer spending power, according to the Lumina Intelligence
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NewsNightcap grants share options to employees
The Cocktail Club, Adventure Bar Group, and Barrio operator announced it has granted a total of 2,690,000 share options to a number of employees
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NewsUKHospitality: ‘Certainty needed on future of energy support scheme’
Responding to yesterday’s inflation figures, UKHospitality CEO Kate Nicholls said businesses are experiencing inflation across operations
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NewsCity Pub Company: ‘We are curtailing our expansion and refurbishment plans’
Chairman Clive Watson said expansion plans have been paused amid staff shortages, higher operating costs, and decline in spend
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Analysis & InsightStaff shortages cause one third of businesses to reduce Christmas trading hours
13% of businesses are reducing opening days and 35% are simplifying menus due to staff shortages, according to UKHospitality and CGA
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NewsPizza Pilgrims: ‘Pizza in the post was a big driver for expansion’
Speaking at MCA’s Omnichannel Conference, head of marketing Ruth Carpenter spoke about building the brand outside London
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NewsAzzurri Group unveils new sustainable dining strategy
The Recipe for a Better Future report sets out the goals of providing carbon labelling and making 65% of dishes low carbon options
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Analysis & InsightFSB warns of closures if energy relief ends
More than two in five small hospitality businesses have said they plan to close, downsize, or restructure if energy relief comes to an end in April
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NewsInflation for restaurants and hotels at 30-year high
The annual inflation rate for restaurants and hotels was at 10.2% in November, the highest rate since the estimate of 10.5% in December 1991
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NewsBowland Inns & Hotels makes first post-pandemic acquisition
The 10-strong Lancashire operator has acquired the Assheton Arms in Downham and is looking to expand further
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Analysis & InsightConsumers willing to pay more for branded products in supermarkets
Consumers expect to see restaurant brands in supermarkets and are willing to pay a price premium, according to Lumina Intelligence
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NewsRail strikes to go ahead as RMT rejects latest offer
Businesses have seen a 30% downturn in bookings and trade due to rail disruption over the festive season, according to the Night Time Industries Association
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InterviewsWhite Rabbit Projects: ‘We’ve got grand ambitions’
The hospitality development scheme’s founder and CEO Chris Miller speaks to MCA about taking on new concepts, expanding existing ones, and building the in-house platform
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NewsCoco di Mama looks to build nationwide presence
Commercial brand director Sara McKennedy discussed expansion through retail, franchising, and delivery at MCA’s Omnichannel Conference last week
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NewsIn pictures: Gaucho’s new Liverpool restaurant
The Argentinian-inspired steak restaurant has opened its largest venue outside London in the former Bank of Liverpool building
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NewsEconomy contracts by 0.3%
GDP is estimated to have contracted by 0.3% in the three months to October 2022, according to the Office for National Statistics
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NewsBoston Tea Party FD steps down
Julie Centracchio has stepped down as finance director at the 25-strong cafe group
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NewsGail’s turnover driven by new openings
The premium bakery chain reported turnover of £62m for the five months ended February 2022 and £100m for the entire year, a 76% rise on the prior year