Finance - Hospitality

How pubs can access Energy Relief Scheme

23-Sep-2022 By Rebecca Weller

With support for businesses in tackling energy costs announced earlier this week, the Morning Advertiser has broken down exactly what this means for pubs and how to access the Energy Relief Scheme, as well as a handy calculator to estimate how much you...

Interest rate hike will 'negatively hit hospitality'

23-Sep-2022 By Amelie Maurice-Jones

The rise in interest rates will have a two-pronged negative impact on hospitality, claims UKHospitality.

Trade ‘left out in cold’ by lack of energy support details

23-Sep-2022 By Gary Lloyd

The hospitality sector has voiced disappointment over the lack of detail expressed by chancellor the exchequer Kwasi Kwarteng’s announcement on the energy support package for businesses in his mini budget on Friday 23 September.

Suggested living wage sees 10.1% increase

23-Sep-2022 By Rebecca Weller

The real living wage has seen its biggest year-on-year increase with more than 390,000 workers across more than 11,000 living wage employers set to receive a pay boost, according to the Living Wage Foundation.

Licensing hub – legal with Poppleston Allen

Don’t forget the licensing implications of an insolvency

23-Sep-2022 By Andy Grimsey, senior consultant solicitor, Poppleston Allen

It was shocking although not surprising to hear insolvencies for pubs, restaurants and bars were up 59% on last year, as reported recently in The Morning Advertiser.

OAPA Cook & Dine raises more than £30k

23-Sep-2022 By Nikkie Thatcher

Hospitality sector charity Only A Pavement Away (OAPA) has raised £35,000 net at its annual Cook & Dine event.

Chancellor Kwarteng ‘mini Budget’ expected today

23-Sep-2022 By Nikkie Thatcher

Chancellor Kwasi Kwarteng is due to set out the details of his fiscal statement later today (Friday 23 September).

Only one week left of paper £20 note

23-Sep-2022 By Nikkie Thatcher

There are just seven days before paper £20 and £50 notes are no longer legal tender on 30 September.

Pubs need to be 'bold' to expand in 'difficult market'

22-Sep-2022 By Rebecca Weller

Operators need to be the “storytellers” of their own businesses to survive this “turbulent six months”, according to Interpath Advisory head of debt advisory John Miesner.

Admiral to invest £1m into energy-saving plan

22-Sep-2022 By Gary Lloyd

Community pub group Admiral Taverns will plough £1m into energy-saving initiatives across its pub estate.

Pubs to receive 'unprecedented' energy discount

21-Sep-2022 By Rebecca Weller

Pubs will receive an “unprecedented” energy discount under a new Government proposal outlined on Wednesday (21 September) by business secretary Jacob Rees-Mogg, as part of the Energy Bill Relief Scheme to help cut costs for businesses.

City Pub Group trade better than pre-pandemic

21-Sep-2022 By Gary Lloyd

Multiple operator City Pub Group has announced it is trading better than it did pre-pandemic in 2019, according to its results for the six months ended 26 June 2022.

Inflation wipes out hospitality’s growth

21-Sep-2022 By Amelie Maurice-Jones

Like-for-like sales at Britain’s managed pub, bar and restaurant groups in August were a modest 2.0% ahead of pre-Covid levels of August 2019, the new Coffer CGA Business Tracker has revealed.

‘Only time will tell’ if Gov help goes far enough

21-Sep-2022 By Gary Lloyd

Sector leaders have welcomed the initial details of the Government’s plan to tackle energy costs in the on-trade but say “only time will tell” if the scheme goes far enough.

Fuller's calls for energy support 'clarity'

20-Sep-2022 By Rebecca Weller

Fuller, Smith & Turner has urged the Government to provide “clarity” regarding support packages for the hospitality sector as the London-based operator faces a £10m hike in energy costs.

October train strikes will ‘further damage’ sector

20-Sep-2022 By Amelie Maurice-Jones

Train strikes, planned to take place in early October, will “further damage” the hospitality sector, which is already suffering from soaring electricity bills, said trade bodies.

Wait for Gov support 'heart-breaking' for pubs

20-Sep-2022 By Rebecca Weller

Hospitality businesses are “vital community assets” but face “real danger” of not surviving the winter without Government support amid soaring energy costs, according to one Wirral based operator.

Train strikes to resume in October

20-Sep-2022 By Amelie Maurice-Jones

Train drivers are set to stage strikes in early October in a long-running fight for higher wages and improved working conditions.

Thousands write to MPs for pub support

20-Sep-2022 By Amelie Maurice-Jones

Thousands of the Campaign for Real Ale’s (CAMRA) members have written to their MPs seeking support for the pub sector, after reported delays in Government help reaching businesses.

Drinks sales dip again as costs increase

20-Sep-2022 By Rebecca Weller

Drinks sales in Britain’s managed pubs, bars, and restaurants were 4% down during the seven days to Saturday 10 September compared with the same week in 2021, the latest CGA by NielsenIQ’s Drinks Recovery Tracker has revealed.

59% hike in hospitality insolvencies

20-Sep-2022 By Amelie Maurice-Jones

Insolvencies of pubs, bars and restaurants have increased by 59% from 1,354 to 2,156 over the past year, with spikes in energy bills forcing many to consider closure.

Repeated calls for energy cap clarity

20-Sep-2022 By Amelie Maurice-Jones

Representatives from across the sector have called for urgent clarity on the energy cap for businesses as well as a long-term plan to save UK pubs in a written letter to the Chancellor.

Time 'quickly running out' for sector

20-Sep-2022 By Rebecca Weller

Almost half (47.7%) of night-time economy (NTE) businesses are barely breaking even as operators have been left “emotionally and mentally drained” by continued uncertainty regarding Government support, according to the Night-Time Industries Association...

6 pubs expected to close every week

20-Sep-2022 By Nikkie Thatcher

This year, it has been predicted the pub and bar market will see the net closure of six pubs each week – an outlet decline rate of 0.7%.

BII unveils #notjustapub campaign

20-Sep-2022 By Nikkie Thatcher

The British Institute of Innkeeping (BII) has launched a campaign to call on pubs and their customers to write to MPs, repeating calls for Government support for the sector amid warnings of a threat to businesses' survival if the Government does...

Sustainability 'solution to crippling overheads'

16-Sep-2022 By Rebecca Weller

Now is not the time for operators to let sustainability fall away and could help ease the impact of the energy crisis, according to Net Zero Now executive director Simon Heppner.

Energy costs 'untenable' for SMEs

14-Sep-2022 By Rebecca Weller

Further delays in the release of detailed support for businesses “unacceptable” as energy costs become “untenable” for SME’s, the Night-Time Industries Association (NTIA) has stated.

Nottingham ditches late-night levy

14-Sep-2022 By Amelie Maurice-Jones

Nottingham’s late-night levy has been removed to “reduce the burden” on operators and remove costs that could be a barrier to incoming and expanding businesses.

LTC launches financial support platform

14-Sep-2022 By Amelie Maurice-Jones

The Licensed Trade Charity (LTC) has compiled useful resources to help the sector manage finances as the cost-of-living crisis bites, including financial grants and a 24/7 helpline.

Energy support could be delayed until November

14-Sep-2022 By Amelie Maurice-Jones

Companies may have to wait longer than households for help from its £150bn energy support package, which could be delayed until November.

Food costs rise despite 'positive' inflation dip

14-Sep-2022 By Rebecca Weller

Inflation rates saw “positive” dip in August 2022 but battling continuously rising food prices “vital to tackling cost of doing business”, according to UKHospitality (UKH) CEO Kate Nicholls.

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Kerridge: energy advice is ‘disgusting, embarrassing and horrific’

06-Sep-2022 By Gary Lloyd

Chef and multiple operator Tom Kerridge has branded advice from political figureheads as “disgusting, embarrassing and horrific”, as the hospitality sector fights to stay alive.

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