Financial Crisis

Eating-out operators will need ‘bank of goodwill’ to weather another recession

01-Feb-2016 By Daniel Woolfson

Operators need to consolidate a ‘bank of goodwill’ with customers to ride out another financial crisis, a leading analyst has warned.

Meal-for-£1 host vows to quit trade

31-Jan-2012 By Adam Pescod

A Staffordshire licensee who had been attempting to keep his pub afloat by selling meals for one pound has had to call time on the business amid falling profits and upwardly spiralling costs.

Greene King: "We're stronger now than before the recession began

08-Sep-2009 By Hamish Champ

Suffolk brewer Greene King claims it is in better condition to withstand whatever else the recession has to throw at it than before the credit crunch...

Pubs to change face of UK's hotels

10-Feb-2009

Property agent Christie + Co has said that the pub sector is set to see an "influx" of guest accommodation as pubs look to diversify their offer in...

Credit crunch is a Christmas party-pooper

16-Dec-2008

Britain's £9bn Christmas party market has been brought to its knees by the credit crunch and bankers' reluctance to be seen celebrating in the wake...

Wickwar launched credit crunch beer

05-Dec-2008 By Sonya Hook

A Gloucestershire brewer has created a credit crunch beer to help cheer up drinkers during the current financial crisis. Wickwar Brewing Company has...

UK economic outlook has "deteriorated dramatically

20-Oct-2008 By Hamish Champ

The economic outlook for the UK has "deteriorated dramatically" over the last three months, according to new research published today.The quarterly...

BII axes 18 jobs

20-Oct-2008 By John Harrington

The BII has axed 18 jobs, citing the tough economic conditions. A statement released today from BII chief executive John McNamara said: "Like many...

Credit crunch hurting majority of pubs

11-Sep-2008 By Matt Eley Matt

More than half of licensees have seen a downturn in their business because of the credit crunch. Research by CGA Strategy found that 58 per cent of...

Food & Drink Group goes into administration

07-Aug-2008 By Hamish Champ

The credit crunch has claimed another victim in the form of Food & Drink Group (FDG), which went into administration yesterday.Mainpaint, a...

Tim Martin

10-Jan-2008

Tim Martin, chairman, JD Wetherspoon Corporate goal for the year? To concentrate on the basics and continue to improve service. Only blame the...

The Agents

10-Jan-2008

Stephen Taylor Managing director Guy Simmonds Well, there are many who will be glad to see the back of 2007, a year which brought natural disasters,...

Downturn in sales warning

06-Sep-2007 By Joe Lutrario joe.lutrario@william-reed.co.uk

Agents have warned that the present economic climate will make it harder to sell pubs. There are fears that the current "credit squeeze", high...