credit crunch
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The cost of running a pub has risen to 53% of total turnover, as staff wages and premises costs continue to escalate, research revealed today.
Posted: 04 July 2008 | 14:57
Hotels and restaurants struggled badly during June, as the UK’s service sector shrunk at its quickest rate for nearly seven years, latest statistics have revealed.
Posted: 04 July 2008 | 07:00
The pub industry is missing out on nearly £5m a week in food sales as customers visit pubs less often and spend less on food when they are there, wide-ranging research has revealed.
Posted: 04 July 2008 | 07:00
Brewer and pub operator Adnams has warned trading conditions for UK tenanted pubs have “deteriorated significantly” since April.
Posted: 01 July 2008 | 12:26
The owner of Smollensky’s is considering selling the grill restaurant chain after receiving an unsolicited offer for its Canary Wharf outlet
Posted: 30 June 2008 | 11:59
CBI director general Richard Lambert today called on the Government to “do no more harm” and treat the hospitality and tourism industry “with a little respect”.
Posted: 25 June 2008 | 18:52
Restaurant group D&D London has defied the effects of the credit crunch and reported strong financial results for the year to 31 March.
Posted: 23 June 2008 | 12:08
Chip shops, sandwich bars and restaurants will soon have to display nutritional information about the food they serve, including fat, salt, sugar and calorie content.
Posted: 23 June 2008 | 10:58
Contract caterers believe higher food prices are here to stay, a Caterer investigation has shown.
Posted: 19 June 2008 | 07:00
McDonald’s is planning to scrap its “one price fits all” strategy and raise prices in certain areas to counter the effects of food inflation.
Posted: 17 June 2008 | 12:17
Premium Bars and Restaurants today warned that full-year earnings will be lower than forecast due to falling levels of consumer spending.
Posted: 17 June 2008 | 11:28
Executive pay-packets in the leisure and hospitality industry continued to rise at a meteoric rate last year despite the economic slowdown.
Posted: 17 June 2008 | 08:23
Pub owner and operator Fuller's has warned that the rising cost of energy could see its electricity and gas bill rise by £1.2m in the coming year.
Posted: 06 June 2008 | 11:30
Macdonald Hotels is looking to expand its presence in London, Caterersearch has learnt.
Posted: 06 June 2008 | 07:00
The UK restaurant market will continue to grow despite the consumer slowdown, breaking through the £7b mark in 2010, experts have predicted.
Posted: 05 June 2008 | 12:00
The Guild of Fine Food has hit out at Asda after the supermarket chain launched a range of sausages priced at 2p each.
Posted: 05 June 2008 | 08:00
The credit crunch is stifling innovation in hospitality because newcomers to the industry cannot raise funds to start-up new businesses, City experts have warned.
Posted: 04 June 2008 | 07:00
Intercontinental Hotels Group (IHG) has joined the growing number of companies considering moving their headquarters offshore to avoid the increasingly expensive tax regime in the UK.
Posted: 30 May 2008 | 16:59
South-east pub group Young’s has seen its sales rocket in the past year, while rivals have seen sales stagnate in the face of falling consumer spending and the smoking ban.
Posted: 29 May 2008 | 11:01
Spending in hotels, bars and restaurants fell “markedly” over the past three months leading to a record fall in profitability, according to the latest CBI Services Sector survey.
Posted: 27 May 2008 | 16:18
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