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      <image:caption><![CDATA[Record spend: Sector showed signs of recovery in March, but overall volumes down YOY]]></image:caption>
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      <image:caption><![CDATA[Heart of the community: North Wales pub expands facilities with Government grant and support from Pub is the Hub]]></image:caption>
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      <image:caption><![CDATA[Short-term relief: Foodservice inflation dropped in February but operators have been urged to remain on high alert amid global tensions ]]></image:caption>
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      <image:caption><![CDATA[Relentless cost increases: Operators say energy suppliers are “getting richer” at the expense of small businesses]]></image:caption>
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      <image:caption><![CDATA[Mounting pressure: Rising fuel prices hitting UK pubs]]></image:caption>
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      <image:caption><![CDATA[Complete the survey to help UKH lobby for greater energy support]]></image:caption>
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      <image:caption><![CDATA[Number crunching: pub and bar company insolvencies was up 2.6% in 2025]]></image:caption>
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      <image:caption><![CDATA[Cost hike: beer is just one product that could see price increases due to rising oil and gas costs amid unrest in the Middle East]]></image:caption>
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      <image:caption><![CDATA[Property round-up: This week's feature includes investments from East London Brewing Co., Admiral & Heartwood]]></image:caption>
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      <image:caption><![CDATA[Some 20% of world oil and gas supplies are shipped through the Strait of Hormuz.]]></image:caption>
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      <image:caption><![CDATA[Drinks sales latest: Six Nations rugby has helped drive sales strongly at pubs]]></image:caption>
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      <image:caption><![CDATA[New acquisition: Tilray has bought BrewDog's Australian brewing and production facility]]></image:caption>
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      <image:caption><![CDATA[Outperforming market: Barclays data shows pubs sales grew 3.3% last month]]></image:caption>
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    <lastmod>2026-03-03T15:30:39.974Z</lastmod>
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      <image:caption><![CDATA[Utility update: Nationwide says Trump & TNUoS driving up energy costs]]></image:caption>
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      <image:caption><![CDATA[Bright spots: Guinness, spirits and RTDs make up 95% of Diageo's business]]></image:caption>
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    <lastmod>2026-02-20T10:33:40.203Z</lastmod>
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      <image:caption><![CDATA[Post-Christmas fall: managed hospitality groups have seen flat life-for-like sales during January]]></image:caption>
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      <image:caption><![CDATA[Property survey: the Fleurets report looks at pub prices over 2025]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2026/02/05/nationwide-energy-says-europe-faces-late-winter-gas-crisis/</loc>
    <lastmod>2026-02-06T09:08:17.344Z</lastmod>
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      <image:caption><![CDATA[Utilities update: Nationwide Energy says Europe is facing a late winter gas crisis ]]></image:caption>
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      <image:caption><![CDATA[Number crunching: hospitality liquidations remain 45% higher than 2019, analysis has found]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2026/01/30/food-and-drink-prices-rise-11-in-december-2025-for-pubs/</loc>
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      <image:caption><![CDATA[Inflationary pressure: Food and drink prices in hospitality up 1.1% in December ]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2026/01/26/bar-numbers-boost-as-food-led-hospitality-sites-fall-in-late-2025/</loc>
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      <image:caption><![CDATA[Some hope: wet-led sites enjoyed a better time than food-driven licensed premises at the end of 2025]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2026/01/15/fullers-reports-53-sales-growth-and-outstanding-festive-trading-period/</loc>
    <lastmod>2026-01-15T10:55:16.962Z</lastmod>
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      <image:caption><![CDATA[Fuller’s steam ahead: chief executive Simon Emeny described the group's festive period as "excellent"]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2026/01/14/europes-cold-snap-and-venezuela-shake-energy-markets/</loc>
    <lastmod>2026-01-14T15:16:12.224Z</lastmod>
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      <image:caption><![CDATA[Cold calling: severe weather in Europe has led to a rise in gas prices]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2026/01/08/grants-of-up-to-6000-available-for-pubs-to-add-community-services/</loc>
    <lastmod>2026-01-08T11:14:34.876Z</lastmod>
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      <image:caption><![CDATA[Additional options: services such as a village store can help bring people together and add social value to the local area, according to Pub is The Hub]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2026/01/05/key-festive-dates-drive-longer-higher-spending-pub-visits/</loc>
    <lastmod>2026-01-06T10:42:36.499Z</lastmod>
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      <image:caption><![CDATA[Tailor your offer: customers spend more on specific days during the festive period]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/12/17/inflation-puts-pressure-on-pub-margins-despite-rising-dwell-time/</loc>
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      <image:caption><![CDATA[Growing disconnect: Inflationary pressure erodes margins despite rising dwell time]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/12/05/inflation-in-hospitality-falls-after-six-months-of-rises/</loc>
    <lastmod>2025-12-05T09:41:08.968Z</lastmod>
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      <image:caption><![CDATA[Marginal drops: Foodservice inflation falls for first time in six months]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/12/04/world-cup-2026-could-boost-uk-nightclubs-in-summer/</loc>
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      <image:caption><![CDATA[Reason to cheer: nightclubs are ideally placed to take advantage of the football World Cup next year]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/12/02/risks-of-fast-cash-loans-for-businesses/</loc>
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      <image:caption><![CDATA[Cost impact: 70% of respondents in the survey had also put up their prices since April]]></image:caption>
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      <image:caption><![CDATA[Soul-destroying: London pubs have been left devastated by the latest round of Underground strikes]]></image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/09/09/uk-pub-spending-rises-slightly-in-august-amid-growing-consumer-considence/</loc>
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      <image:caption><![CDATA[Number crunching: Consumer spending in UK pubs edged up in August, reflecting cautious optimism amid rising confidence in household finances and the broader economy.]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/09/08/drinks-sales-in-pubs-just-below-inflation-rate-in-august/</loc>
    <lastmod>2025-09-08T09:08:39.756Z</lastmod>
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      <image:caption><![CDATA[Positive figures: Drinks sales edge towards real-terms growth despite challenging trading environment ]]></image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/09/08/hospitality-hit-as-online-firms-dodge-rates-revamp/</loc>
    <lastmod>2025-09-08T09:01:48.421Z</lastmod>
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      <image:caption><![CDATA[Unfair policy in waiting? Hospitality may pay even more in business rates revamp ]]></image:caption>
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  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/09/03/rail-strikes-cost-uk-hospitality-sector-4bn-in-sales/</loc>
    <lastmod>2025-09-03T08:26:31.949Z</lastmod>
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      <image:caption><![CDATA[Significant impact: Sector loses £4bn in sales to rail strikes as more action looms (Credit: Getty/mammuth)]]></image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/09/01/managed-hospitality-groups-continue-a-flat-summer-of-trading/</loc>
    <lastmod>2025-09-01T09:32:28.674Z</lastmod>
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      <image:caption><![CDATA[Flat summer: Tough trading conditions continue for managed venues ]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/28/pub-drinks-sales-start-august-on-a-high-after-fluctuating-in-july/</loc>
    <lastmod>2025-08-28T15:31:13.133Z</lastmod>
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      <image:caption><![CDATA[Modest upswing: Drinks sales up at the start of August after turbulent July ]]></image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/28/robinsons-achieves-record-977m-turnover-in-2024-with-sustainability-push/</loc>
    <lastmod>2025-08-28T08:20:46.704Z</lastmod>
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      <image:caption><![CDATA[Company update: Robinsons has remained resilient, despite rising costs and challenging market conditions, the business said]]></image:caption>
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  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/22/tax-rises-causing-higher-prices-in-pubs-and-fuelling-inflation/</loc>
    <lastmod>2025-08-22T09:04:57.664Z</lastmod>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/22/pub-adds-bar-service-charge-reigniting-uk-tipping-debate/</loc>
    <lastmod>2025-08-22T08:09:39.696Z</lastmod>
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      <image:loc>https://www.morningadvertiser.co.uk/resizer/v2/HMQUQEXG3RJKHLUAZMMLGDL32M.jpg?auth=8f1e9a710eee6bd8af6abbef621a700223bd82bea6d3638aaa120b03cd8a7de0&amp;smart=true&amp;width=824&amp;height=465</image:loc>
      <image:caption><![CDATA[Can a service charge for ordering at the bar ever be acceptable?]]></image:caption>
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  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/20/tax-hikes-forcing-pubs-to-cut-staff-and-increase-prices/</loc>
    <lastmod>2025-08-19T23:01:00.249Z</lastmod>
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      <image:caption><![CDATA[Shocking data: Rising taxes forcing pubs to make ‘impossible decisions’ and cut jobs (Getty/ Dimensions)]]></image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/19/national-minimum-wage-rises-40-over-five-years-as-age-bands-shift/</loc>
    <lastmod>2025-08-19T10:48:42.214Z</lastmod>
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      <image:caption><![CDATA[Number crunching: employment costs have continued to increase in recent years]]></image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/08/interest-rate-cut-welcomed-but-falls-short-of-reviving-hospitality-sector/</loc>
    <lastmod>2025-08-08T07:28:53.178Z</lastmod>
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      <image:caption><![CDATA[More needed: while the interest rates cut was welcomed, UKHospitality called on the Government for further action to support the sector]]></image:caption>
    </image:image>
  </url>
  <url>
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    <lastmod>2025-08-07T11:49:37.826Z</lastmod>
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  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/06/chestnut-group-adds-three-pubs-to-its-estate/</loc>
    <lastmod>2025-08-06T11:38:38.075Z</lastmod>
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      <image:caption><![CDATA[Property: This week's round-up features investments from Chestnut, Proper Pubs and Hydes]]></image:caption>
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  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/05/ukh-says-pubs-in-survival-mode-as-number-of-closures-rises/</loc>
    <lastmod>2025-08-05T09:04:48.332Z</lastmod>
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      <image:caption><![CDATA[Devastating blow: UKH chair Kate Nicholls (pictured) says sector is in survival mode as number of closures rises ]]></image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/08/05/cga-by-niq-daily-drinks-tracker-update-2025/</loc>
    <lastmod>2025-08-05T08:52:31.496Z</lastmod>
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      <image:caption><![CDATA[Sun's out, sales up: weather influenced a sales rise in the on-trade in early July]]></image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/07/29/pubs-told-to-adapt-purchasing-strategy-as-food-inflation-surges/</loc>
    <lastmod>2025-07-29T09:51:48.622Z</lastmod>
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      <image:caption><![CDATA[Volatile landscape: Firms urged to adapt purchasing strategies after food inflation surges ]]></image:caption>
    </image:image>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/07/23/jd-wetherspoon-opening-new-pubs/</loc>
    <lastmod>2025-07-23T08:37:48.516Z</lastmod>
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      <image:caption><![CDATA[Looking ahead: JD Wetherspoon is investing in a number of areas in the next financial year]]></image:caption>
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    <lastmod>2025-07-22T08:51:28.916Z</lastmod>
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      <image:caption><![CDATA[Latest results: Michael Turner and Simon Emeny of Fuller's]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/07/18/pub-chefs-will-have-to-work-harder-as-food-inflation-rises/</loc>
    <lastmod>2025-07-21T09:12:11.642Z</lastmod>
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      <image:caption><![CDATA[Food inflation: Rising costs mean pub chefs could face more challenges ]]></image:caption>
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    <lastmod>2025-07-16T10:18:10.116Z</lastmod>
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      <image:caption><![CDATA[Extremely worrying: The headline rate of inflation jumped by 3.6% last month ]]></image:caption>
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    <lastmod>2025-06-27T09:52:22.659Z</lastmod>
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      <image:caption><![CDATA[Unpredictable world: BoE governor Andrew Bailey hints at rates cut in the future (Credit: Getty/Wipada Wipawin)]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/19/ukh-shares-frustration-as-boe-holds-interest-rates/</loc>
    <lastmod>2025-06-19T15:37:52.724Z</lastmod>
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      <image:caption><![CDATA[Cost pressures: Bank of England holds interest rates at 4.25% (Credit: Getty/DNY59)]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/19/the-chequers-pub-in-roxwell-opens-after-community-saves-it/</loc>
    <lastmod>2025-06-20T08:38:12.019Z</lastmod>
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      <image:caption><![CDATA[Property: This week's round-up features Admiral, Joules Brewery, Heartwood and more]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/19/managed-hospitality-groups-see-drop-in-sales/</loc>
    <lastmod>2025-06-18T23:01:00.571Z</lastmod>
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      <image:caption><![CDATA[Cost pressures: Managed groups see drop in year-on-year sales]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/18/food-and-drink-inflation-remains-well-above-headline-rate/</loc>
    <lastmod>2025-06-18T14:45:29.116Z</lastmod>
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      <image:caption><![CDATA[Stagflation fears raised: Inflation holds steady but food and drink prices remain challenging ]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/18/stonegate-cutting-jobs-branded-warning-sign-for-hospitality/</loc>
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      <image:caption><![CDATA[Warning sign: Financial experts comment on news Stonegate will axe 150 jobs]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/06/17/inflationary-pressures-push-food-prices-for-hospitality-sector/</loc>
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      <image:caption><![CDATA[Continued inflationary pressure: Foodservice price inflation jumps 2.3% in year to April (Credit: Getty/	Ibrahim Akcengiz)]]></image:caption>
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      <image:caption><![CDATA[Rising costs: Insolvencies surge following April's NIC hikes (Credit: Getty / mauricallari)]]></image:caption>
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      <image:caption><![CDATA[Sector implications: the recent official figures revealed by the ONS show the impact of April's cost hikes]]></image:caption>
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      <image:caption><![CDATA[Sector comment: various trade bodies have reacted to the Government's Spending Review]]></image:caption>
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      <image:caption><![CDATA[Industry singled out: Emma Gibbon with husband Paul of the Plough and the Hewlett Arms in Cheltenham]]></image:caption>
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      <image:caption><![CDATA[Investments: The MA looks at M&A activity so far this year ]]></image:caption>
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      <image:caption><![CDATA[Struggling: Drinks sales in pubs hit by wet weather (Credit: Getty/Peter Cade)]]></image:caption>
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      <image:caption><![CDATA[Operating at a loss: pubs are "at risk of failure" ]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/05/30/nationwide-energy-utility-cost-update-for-pubs-may-2025/</loc>
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      <image:caption><![CDATA[Uncertainty: Energy prices have increased due to geo-political events, according to Nationwide Energy]]></image:caption>
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      <image:caption><![CDATA[Increasing in value: research shows the eating-out sector will be worth £101bn (credit: Getty/SolStock)]]></image:caption>
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