The end of the nightclub? Shocking report shows they’ve almost halved in past decade nightclubs The number of nightclubs has almost halved in the past decade – including a 30 per cent fall since the start of the pandemic, a new study suggests. The impact of Covid, coupled with changing consumer habits have led to a sharp drop in the popularity of Britain’s nightclubs, according to a report. Research company [...]
Calls made to reinstate minister for pubs as sector faces closure fears Pubs Fresh calls have been made for the reinstatement of minister for pubs role in the UK, amid a challenging period for the sector as it continues to face inflationary headwinds and rising closures. It comes as part of a new report by think tank Localise – commissioned by the British Beer and Hospitality Association (BPPA) [...]
Pepco: British Poundland veteran parachuted in to save struggling European wing Retail A retail veteran, who was instrumental in driving UK growth for budget outlet Poundland, has been reshuffled by Pepco to head up its struggling European division. The move comes as the arm posted its second profit warning in three weeks. Barry Williams, who served as managing director of Poundland and Dealz, in the UK and [...]
Mitchells & Butlers: All Bar One owner toasts soaring sales as costs ease September 28, 2023 All Bar One owner Mitchells & Butlers (M&B) said total group like-for-like sales were up 10.4 per cent on last year, as the bar and restaurant chain sees costs easing. M&B, which also owns Toby Carvery and O’Neill’s, said that food sales on a like-for-like basis grew 8.6 per cent wile drinks sales were up [...]
Bad day for the bookies: 888 shares slide after slashes outlook September 28, 2023 Gambling giant 888 has slashed its targets for the year today after a bumper run of results for sporting favourites in September helped bruise its bottom line.
Morrisons picks former Carrefour France boss as its new chief September 27, 2023 Morrisons has appointed former Carrefour France boss Rami Baitiéh to take over as the supermarket's new chief executive.
H&M: Sales to drop 10 per cent due to unusually hot September and Russia pull-out September 27, 2023 H&M has warned that its sales are expected to decrease by 10 per cent in September, as unusually hot weather and discontinued operations in Russia have dampened trade. The gloomy forecast puts a damper on the Swedish fashion giant’s latest third quarter update, revealing a six per cent rise in net sales to SEK 60,897m [...]
Everyman posts five-fold drop in losses to £4.3m but Oppenheimer effect offers hope September 27, 2023 British cinema chain Everyman has reported a fivefold increase in losses due to weak ticket sales. Everyman, which has 41 cinemas, posted pre-tax losses of £4.3m for the first six months of the year, five times the £798k lost in the same period last year. Shares dipped over one per cent on Wednesday morning. Admission [...]
Shepherd Neame: Pub chain posts record revenues as inflation woes start to cool September 27, 2023 Britain's oldest brewer Shepherd Neame is toasting record high first-half revenue as inflationary challenges begin to ease.
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.