UK–GCC Strategic Dialogue 2026 Gains Momentum Under GCC Secretariat Patronage Ahead of Guildhall Forum
Young’s: Pub giant raises dividend as earnings jump June 5, 2025 Pub and bar operator Young & Co’s has reported a significant jump its earnings despite surging costs. The hospitality firm, which has 277 pubs across the UK, told markets that revenue rose 24.9 per cent from £388.8m to £485.8m in the 52 weeks ended March 31. The nearly 200-year-old pub business said adjusted operating profit [...]
Hospitality ranks bottom for UK wages as sector struggles with costs June 3, 2025 Hospitality workers are now the worst-paid employees in the UK as the sector continues to struggle with high costs. A combination of high energy prices, high wholesale prices and high taxes have squeezed margins in the last two years, making it hard for a sector pummelled by the pandemic to recover. Accommodation and food service [...]
Exclusive: Hotels struggle with double whammy of staff costs and pressure on room rates June 2, 2025 Hotels struggled with falling profit in April after margins were squeezed by higher staff hosts and price pressure on rooms. UK hotel payroll costs increased from 31.6 per cent of revenue to 33.3 per cent in April year-on-year, and from 29.5 per cent to 31.4 per cent in London, according to RSM. A slight reduction [...]
Ghost Ship producer Adnams slashes losses May 29, 2025 Ghost Ship producer Adnams has halved its operating loss amid a commercial turnaround plan, although retail sales continue to suffer. The Suffolk-based company, which makes cask ale, bottled beers and spirits, said that sales increased three per cent to £68.1m in the 12 months ended December 31. Its operating loss shrank by more than half, [...]
Hollywood Bowl: Ten-pin bowling operator raises dividend May 29, 2025 Bowling and leisure operator Hollywood Bowl has reported stable trading as it targets a significant expansion in the UK. The company reported like-for-like revenue growth of 2.1 per cent in the six months ended March 31, with UK like-for-like total revenue up 1.3 per cent. It said revenue was dented by a late Easter and [...]
Spending in pubs surges as Brits flock to beer gardens May 28, 2025 Pubs enjoyed a boost in April during the sunny spring weather as Brits opted for outdoor beer gardens over indoor restaurants. Like-for-like sales growth at pubs reached 9.1 per cent year on year, according to the latest CGA RSM Hospitality Business Tracker. Sales across all hospitality outlets were 4.2 per cent ahead of April 2024 [...]
KFC to create over 7,000 UK jobs and open 500 restaurants in £1.5bn move May 27, 2025 KFC has revealed a £1.5bn plan to create more than 7,000 jobs in the UK and Ireland over the next five years and open a further 500 restaurants by 2035. The fast-food giant said £466m will go towards opening new locations focusing on building flagship sites and drive-thrus in “key locations” such as Ireland and [...]
Sexy Fish: Billionaire Richard Caring’s restaurant empire reveals losses May 23, 2025 Losses have been revealed for part of billionaire Richard Caring’s high-end restaurant empire, which includes the likes of Sexy Fish, as talks over a potential £1bn sale continue. The 2023 results for Caprice Holding, which also owns Scott’s and Bacchanalia, have only just been published, eight months after the Companies House deadline. The documents show [...]
Travelodge in the red amid Reeves’ £21m tax hikes May 22, 2025 Travelodge has fallen to a loss during the first three months of its financial year as it battles the tax hikes announced by Chancellor Rachel Reeves in her Autumn Budget which will cost the hotel chain more than £20m this year. The company confirmed last year that the rise in the National Living Wage will cost [...]
Mitchells & Butlers: Profit at All Bar One owner jumps as Brits keep spending May 22, 2025 All Bar One owner Mitchells & Butlers has reported half-year profit ahead of the market despite significant cost headwinds. The All Bar One and Harvester owner told markets this morning that total revenue reached £1,454m in the 28 weeks ended April 12, up four per cent year on year. Operating profit rose 10 per cent to [...]