Compass: Catering giant buys Vermaat Groep in £1.3bn deal July 22, 2025 Compass has agreed to acquire European food services business Vermaat Groep for €1.5bn (£1.3bn). Shares in the hospitality giant rose by more than five per cent in early trades. Vermaat, which is a market leader in the Netherlands, will give Compass a “unique opportunity” for sustainable growth in Europe, the catering company told markets this [...]
Marston’s: New pub strategy helps sales July 22, 2025 Pub giant Marston’s has said its switch from brewing to ‘pure-play hospitality’ is progressing ahead of schedule and showing encouraging results. Like-for-like sales for the 15 weeks to 12 July 2025 rose 2.9 per cent, in line with expectations, Marston’s told markets this morning. Excluding the impact of last year Euro 2024 Championships, like-for-like sales [...]
Mitchells and Butlers on road to FTSE 100 if streak continues, City broker says July 21, 2025 City broker Peel Hunt has suggested Mitchells & Butlers, owner of hospitality chains All Bar One and Nicholson’s, could make its way into the FTSE 100 if it continues to outperform the market. Mitchells & Butlers has beaten the wider hospitality sector every year since 2017, growing at 3.9 per cent in the first quarter [...]
Olympia: Rooted in history. Transformed for the future. July 15, 2025 Olympia’s legacy Olympia opened its doors in 1886 and has been hosting inspiring events ever since. From breathtaking consumer shows and thrilling sporting and music events, Olympia has been an icon for culture, creativity, entertainment, events and exhibitions. As it approaches its 140th year, Olympia is getting ready to unveil its £1.3bn regeneration project, set [...]
Pub bosses in joint call for ‘urgent’ tax reform July 14, 2025 Pub bosses have called for urgent reform of the business rates system, arguing that the levy places unfair pressure on hospitality venues at a time of rising costs across the board. Greene King boss Nick Mackenzie said that business rates should be “fundamentally reformed” so that the tax – which applies to all commercial venues [...]
Wimbledon, Euros and Test cricket set to boost pubs and supermarkets July 12, 2025 Pubs and supermarkets are bracing for a bumper weekend thanks to the heatwave and a deluge of live sport on TV including Wimbledon finals, Test cricket and the Lionesses. A British and Irish Lions tour match, England and Wales rugby internationals, other Women’s Euros fixtures, Tour de France cycling and a trilogy fight between Katie [...]
One pub to close every day in 2025, new data reveals July 10, 2025 Small pubs are being forced to close in the face of unsustainable costs pressures, according to new data. The British Beer and Pub Association (BBPA) has estimated that 378 pubs will close this year across England, Wales and Scotland, amounting to more than 5,600 job losses. The industry body pointed to the heavy pressure of [...]
UK Hospitality launch campaign to undo budget ‘hammer blow’ to sector July 9, 2025 Industry lobby group UK Hospitality has launched a campaign to reverse the “unfair” tax burden on the sector, #TaxedOut. The body has been vocal about the damage caused by higher taxes announced in the Autumn budget, estimating that 69,000 jobs have been lost since last October. “The 2024 Budget was a hammer blow to hospitality… [...]
Village Hotels in the red after takeover by Blackstone June 30, 2025 Village Hotels fell into the red in the year it was taken over by US private equity giant Blackstone, it has been revealed. The Warrington-headquartered chain slumped to a pre-tax loss of £23.5m for 2024, according to new accounts filed with Companies House. The firm has said the loss was mainly due to exceptional costs. [...]
The Ivy: Jobs continue to be cut as Richard Caring nears £1bn sale June 26, 2025 Jobs have continued to be lost at the group behind restaurant chain The Ivy as billionaire owner Richard Caring edges closer to a £1bn sale. Troia (UK) Restaurants cut more than 100 roles during its latest financial year as its pre-tax profit also declined despite a rise in revenue, new accounts filed with Companies House [...]