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Foodservice inflation: rates reach double-digit percentage for fifth consecutive month (Credit: Getty/neiljlangan)

Drought 'latest in long line of global food supply threats'

Inflation in the foodservice sector rocketed to 11.5% in June in the fifth consecutive month of double-digit percentage inflation with drought outside of the UK posing the latest threat to supply, the latest edition of the CGA Prestige Foodservice Index has revealed.

Information revealed: the hospitality sector fared the worst in the report, which highlighted businesses that were deemed to be in critical financial distress (image: Getty/Image Source)

Huge increase in hospitality businesses in ‘distress’

There are 70% more bars and restaurants in “critical financial distress” than at this point last year, according to insolvency and restructuring advisor Begbies Traynor.

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Star Pubs & Bars offers advice on staff recruitment and retention

Staff recruitment and retention are two of the biggest issues facing the on trade now, with turnover high and many staff vacancies available within the sector.

Budget management: consumer deposits and withdrawals hit record levels at Post Office (Credit: Getty/ georgeclerk)

Consumers turn to cash for budget management

Consumer use of cash has increased in a bid to manage household and holiday budgets, Post Office research has revealed.

Tom Kerridge: It's a very bumpy road ahead

With inflation dominating the headlines, celebrity chef and pub operator Tom Kerridge has his say on this week's news with The Morning Advertiser's Nikkie Thatcher.

CGA Drinks Recovery Tracker: latest data revealed drinks sales in seven days to 30 July were 0.6% ahead vs the same week in 2019 (Credit: Getty/skynesher)

Women's Euro's boosts drink sales

Average drinks sales by value in Britain’s managed pubs, bars, and restaurants in the seven days to Saturday 30 July were 0.6% ahead of the same week in 2019, the latest CGA by NielsenIQ Drinks Recovery Tracker has revealed.

A cry for support: Leaders' confidence crashes due to cost-of-living crisis (Getty/ South_agency)

Action needed as hospitality leaders’ confidence plummets

The confidence of pub, bar and restaurant leaders has tumbled over the second quarter of 2022 after costs soared for both businesses and consumers, according to CGA and Fourth’s second-quarter Business Confidence Survey.

Exciting opportunities: the acquisition will open more targeted channels

William Reed acquires The London Coffee Festival

The Morning Advertiser publisher William Reed has further deepened its relationship with the Allegra Group by acquiring The London Coffee Festival.

Final straw: soaring inflation and looming recession last thing businesses need (Credit: Getty/10'000 Hours)

Recession and soaring inflation 'final straw' for sector

Looming recession and soaring inflation could be “final straw” for small businesses and the Government must “act decisively and swiftly”, according to trade bodies across the sector.