Financial

£3.4bn cost hike for sector needs rethink

£3.4bn cost hike for sector needs rethink

By Nikkie Thatcher

The Government has been urged to rethink the £3.4bn worth of costs to hit the sector in April 2025, following recent figures having shown UK economic growth slowed to 0.1% between July and September.

Pubs warned to 'tread carefully' with dynamic pricing

EXCLUSIVE INTERVIEW

Pubs warned to 'tread carefully' with dynamic pricing

By Rebecca Weller

The use of dynamic pricing in the hospitality sector is “trickier” to navigate than other industries and risks creating “negative sentiment” with consumers, one expert has warned.

Government needs to wake up to Budget damage

Government needs to wake up to Budget damage

By Ed Bedington

As the dust begins to settle from the recent Budget from our shiny new Government, we can now start to assess the real damage Reeves and her colleagues have wrought on the hospitality sector.

October trade 'concerning' for sector

October trade 'concerning' for sector

By Rebecca Weller

Cost increases and the autumn Budget alongside declining drinks sales and flat in-venue dwell time sparked “concern” across the on-trade last month, new data has revealed.

Budget to cost businesses thousands

Budget to cost businesses thousands

By Felicity Giles

In light of the recent Budget announcements, The Morning Advertiser spoke to various operators in order to understand how they plan to tackle the effects of rising costs and the impact it may have on trade.

41% of Brits still choosing to frequent pubs

41% of Brits still choosing to frequent pubs

By Felicity Giles

New research from ride-hailing firm Bolt, has revealed that compared to last year, over a quarter of Brits are going ‘out’ less at night, but still choosing to visit pubs.

Foodservice inflation drops to 2.4%

Foodservice inflation drops to 2.4%

By Rebecca Weller

Foodservice inflation in the hospitality sector has continued its downward trend, dropping 0.4 percentage points.

No-shows at record high

No-shows at record high

By Nikkie Thatcher

The number of consumers not turning up to reservations at hospitality venues has returned to a record high, new research has revealed.

NLW to soar by 6.7%

NLW to soar by 6.7%

By Nikkie Thatcher

The national living wage (NLW) is set to rise by 6.7% to £12.21 an hour from April next year.

Growth for managed groups matches inflation

Growth for managed groups matches inflation

By Rebecca Weller

Managed hospitality groups recorded year-on-year sales growth of 1.7% in September, the latest edition of the CGA RSM Hospitality Business Tracker has revealed.

Closure rates of independent breweries slows again

Closure rates of independent breweries slows again

By Felicity Giles

Figures from SIBA's UK Brewery Tracker have shown the net closure rate of breweries in the UK has slowed during the third quarter of 2024 while openings have increased in some areas.

Asahi UK's £14m loss a 'bellwether for the industry'

EXCLUSIVE COMMENT

Asahi UK's £14m loss a 'bellwether for the industry'

By Rebecca Weller

Asahi UK’s recent £14m pre-tax loss is a “stark reminder” of the challenges faced by hospitality firms, business finance specialists Aurora Capital has said.

Drinks sales start Q4 in year-on-year decline

Drinks sales start Q4 in year-on-year decline

By Felicity Giles

On-premise drinks sales have been recorded at significantly lower than this time last year according to the latest CGA by NIQ’s Daily Drinks Tracker.

Pub charges people for extreme food waste

Pub charges people for extreme food waste

By Felicity Giles

The Star Inn at Vogue in Cornwall has enforced stricter rules on customers leaving food during its Sunday carvery and has now begun charging people for leaving food on plates, according to reports.

Carlsberg acquisitions lead M&A activity for Q2 2024

Carlsberg acquisitions lead M&A activity for Q2 2024

By Gary Lloyd

Mergers and acquisitions (M&A) deals have increased by almost a third in the food & beverage sector for the second quarter of 2024 versus the same period last year – with the Carlsberg-Britvic and Carlsberg-Marston’s deals cited as key.

Average salaries across sector revealed

Average salaries across sector revealed

By Felicity Giles

The Morning Advertiser looks at a breakdown of average salary status throughout the hospitality industry, with recent recorded wages per annum throughout 2023, and 2024 provided by Access hospitality, Indeed UK and Reed recruitment agency.

Going down the pan!

Going down the pan!

By Ed Bedington

Top toilets are vital for any pub operation, but are we always getting it right. The Lock In team go beyond the u-bend to find out how you can up your loo offer!

Accommodation offer can 'boost' pub business

Accommodation offer can 'boost' pub business

By Amelie Maurice-Jones

It turns out there IS room at the inn, with pubs across the country investing in rooms so that guests can chill out and stay the night after enjoying the food and drink on offer.

‘Buy once and buy right’ when investing in rooms

‘Buy once and buy right’ when investing in rooms

By Amelie Maurice-Jones

The operator of the Lancashire-based gastropub Freemasons at Wiswell has advised pubs to “buy once and buy right” if they’re looking to invest in accommodation at their site.

How to get into the pub trade

How to get into the pub trade

By Amelie Maurice-Jones

Do you want to run a pub but don’t know where to start? Fleurets director and head of agency gives advice on how to go about getting into the sector.

Most operators reporting cashflow worries

Most operators reporting cashflow worries

By Rebecca Weller

More than half (58%) of operators expect overall costs to further increase this year with 98% having reported cashflow concerns, a new survey by international business payments firm, Equals Money, has revealed.

Increase revenue made from outdoor space this winter

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Increase revenue made from outdoor space this winter

By Roché Systems

Summer 2022 has been the summer of sport. With Wimbledon, The Open, the Women’s Euros and the Commonwealth Games, UK sports fans have enjoyed a competition-filled season. But it’s not over yet.

Money trouble: Pub finance challenges

The Lock In Podcast

Money trouble: Pub finance challenges

By Ed Bedington

With finances facing an ever-growing squeeze and debts coming home to roost next month, the Lock In team take a look at what pub operators should be thinking about when it comes to managing cash flow, dealing with debt, handling the current utilities...

UKH survey to help Government shape future of sector

UKH survey to help Government shape future of sector

By Rebecca Weller

UKHospitality (UKH) has urged operators, including pubs and nightclubs, to take part in its upcoming annual Benchmarking Survey, following its hiatus last year due to the pandemic.