Recession
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Topics covered in our weekly briefing include: recession 'over' but employee engagement has plummeted; Agency Workers Directive could cut number of temps employed; and calls to scrap forced retirement.
Posted: 29 January 2010 | 15:00
The UK economy has officially emerged from recession, but only by the skin of its teeth. Positive growth of 0.1% in the last three months of 2009 may have brought to an end a run of six successive quarters of economic contraction - the longest UK recession on record - but it still fell below many analysts' expectations.
Posted: 29 January 2010 | 14:15
A lack of corporate customers has rocked independent provincial hotels, as it was revealed that insolvencies in the hotel sector have rocketed. New figures from PricewaterhouseCoopers (PWC) showed that insolvencies fell all UK industry sectors apart from hospitality and leisure...
Posted: 26 January 2010 | 10:24
A round-up of the weekend's news affecting the hospitality industry. News includes: Gordon Ramsay angers recruitment firm – and TV viewers; Ducasse laments loss of home cooking skills in France; Suffolk Center Parc beefs up security after crime spree; Jamie Oliver to launch barbecue-based brand and more…
Posted: 25 January 2010 | 10:30
A restaurant predicted to fail by Gordon Ramsay has closed three years after it opened. The celebrity chef – who’s business Gordon Ramsay Holdings International posted a pre-tax loss of £4.3m this week – told Barry Larsen on Ramsay’s Kitchen Nightmares that he should concentrate on French restaurant Abstract in Inverness and not expand his business to Edinburgh.
Posted: 13 January 2010 | 14:03
Many in hospitality will have greeted New Year's Eve's midnight chimes not with Champagne and singalongs, but with an almighty sigh of relief. A decade that opened to the crackle of Millennium fireworks closed to the plaintive sound of operators thanking their lucky stars...
Posted: 11 January 2010 | 15:23
Domino’s Pizza, the UK’s biggest pizza delivery company, remains recession-proof as the company announces surging sales despite the continuing sluggish economy. The Britain’s Got Talent sponsor reported impressive growth with a like-for-like sales lift of 8.6% at its 501 mature stores...
Posted: 11 January 2010 | 12:36
The catering supplies industry will slowly emerge from the malaise of the last two years during 2010 providing some comfort for hospitality operators concerned about their supply chain, a new report predicts. The Industry Analysis – Catering Supplies report, by analyst firm Plimsoll...
Posted: 06 January 2010 | 10:32
The industry can look back on 2009 with relief that predictions of widespread carnage had been exaggerated. Many businesses have proved resourceful in the face of economic meltdown, but the year hasn't been without its casualties, as Daniel Thomas reports.
Posted: 23 December 2009 | 12:24
For this week's cover feature, Festive Seasoning, we invited industry movers and shakers to describe their favourite part of 2009.
"Seeing the end of it", responded restaurateur Claudio Pulze. "What a terrible year for our industry".
As for what we should all look forward to most in 2010, Compass Group's UK executive chef Nick Vadis spoke for us all when he said "getting out of the economic downturn and putting the Great back into Britain".
Posted: 18 December 2009 | 13:57
They say that if you look after the pennies, the pounds will look after themselves. Faced with a global economic downturn, smart operators are using every trick in the book to extract maximum value from their customers, suppliers and business processes.
Posted: 11 December 2009 | 14:03
Troubled pub operator Pubs 'n' Bars has gone into administration David Thurgood, Trevor O'Sullivan and Nick Wood of Grant Thornton have been appointed as administrators of the firm, which runs 87 "community pubs" in the South East. The move comes days after the AIM-listed firm requested...
Posted: 09 December 2009 | 10:33
When times are tough, it makes sense to look at some of the cheaper cuts of meat and
poultry. As ever, the trick is to buy a good-quality product, as Tom Vaughan reports.
Posted: 04 December 2009 | 15:39
Not long ago it was considered the land of plenty, where cash was as abundant as the searing sun that heated its rooftop pools. But the economic sands of time have caught up with Dubai, and overnight the state has slid into the financial funk that had hitherto only affected the wider world.
Posted: 04 December 2009 | 07:00
Marketing consortium Best Western hotels has increased its like-for-like sales in the six months to 31 October 2009, with members selling in excess of 4,250 rooms (or 1%) more than during the same period of 2008. “Although this isn’t a significant rise, given the current economic climate...
Posted: 02 December 2009 | 13:00
Workers take action to help employers survive recession; use Chrtistmas to boost January.
Posted: 27 November 2009 | 18:16
The UK’s fast food industry has benefited from the recession, with the sector increasing its presence by more than 8% in the last year, research has found.
While the leisure sector on a whole has seen a closure rate of 10%, fast food restaurants in the UK’s top 10 cities have risen by 8.2% ...
Posted: 23 November 2009 | 15:00
Frankies and Benny’s owner The Restaurant Group (TRG) has reported a 3% fall in like-for-like sales during the 46 weeks of 2009. In an interim trading update, the group blamed the slide on rising levels of unemployment, tight credit markets and high levels of household debt.
Posted: 18 November 2009 | 17:00
Pub operator Enterprise Inns has delivered what it describes as “creditable results” for a “testing year” that has forced it to provide “unprecedented” levels of support to help its licensees survive. Chief executive Ted Tuppen said weak consumer spending, rising overheads and tariffs and aggressive ...
Posted: 17 November 2009 | 11:58
The rate of restaurant insolvencies has risen 25% over the last nine months and, in the run-up to Christmas, the industry could be facing its quietest festive season since the 90s, says PricewaterhouseCoopers. Quarter one of 2009 saw a record number of restaurant businesses fail...
Posted: 12 November 2009 | 15:53
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