Fuller’s sales above pre-covid levels amid concern over ‘unsustainable rise’ in energy costs September 20, 2022 Pub chain Fuller’s brought its sales back above pre-pandemic levels but has warned the energy crisis could give it bills of £18m. The company announced its sales in the first half of the financial year were three per cent up on the pandemic, and 50 per cent up on the same period last year. However, [...]
Gaucho restaurant boss claims steaks would have to cost £100+ to cover rising energy bills September 6, 2022 The hospitality chief behind the Gaucho steak restaurants has said his venues would have had to charge beyond £100 for steaks in order to cover energy costs if they were not fixed. Restaurant bosses have urged the new Prime Minister Liz Truss to issue emergency support for the sector as some venues grapple with bill [...]
Qatar World Cup could cost Brits £34 more than 2018 summer comp due to rising energy bills November 8, 2022 The winter World Cup in Qatar will cost Brits £34 more than watching the previous one from Summer 2018 in Russia. Rising energy bills and increased prices of a a pint, means it’s likely England fans will watch the tournament at home, increasing the use of energy and electricity. New figures from Saxo claims that [...]
SMEs to bolster employee numbers in face of rising inflation and energy costs February 16, 2022 UK SMEs are looking to bolster their employee numbers in the face of rising inflation and energy costs, according to new research today. Small and medium-sized businesses have tabled plans to hire around six newbies, on average, in the first quarter of this year, Barclaycard Payments’ SME Barometer has revealed, with 40 per cent looking [...]
Starmer brands Tory response to rising cost of living ‘pathetic’ as windfall tax on energy firms rekindled April 1, 2022 Boris Johnson’s government’s response to energy price rises has been “pathetic”, as he rekindled Labour’s bid for a one-off windfall tax on oil and gas firms in a bid to reduce bills. This comes after millions of households were plunged into fuel poverty today caused by the uplift to the cap on energy bills sending [...]
Pint pourers pocket 11.3 per cent pay rise beating UK average amid staff shortage May 22, 2023 Pub workers are raking in some of the biggest pay rises in the UK caused by landlords stepping up benefits in a bid to lure and retain staff, new figures out today show. Wages for people working in the country’s drinking holes climbed 11.3 per cent over the last year, higher than the hospitality sector’s [...]
Surprise fall in inflation leaves Bank of England rates decision on knife-edge September 20, 2023 Inflation fell unexpectedly in August as falling food inflation helped offset rising energy costs, official data out today shows. According to figures from the Office for National Statistics (ONS) the consumer price index (CPI) came in at 6.7 per cent in August, down marginally from 6.8 per cent in July and lower than the roughly [...]
Small business confidence grows — but it’s still stuck in negative territory October 30, 2023 Small business confidence has not been in positive territory since last year
Bridgepoint dodges inflationary pressure with diverse portfolio November 16, 2022 Bridgepoint says that investment portfolios are trading largely in line with expectations despite the current macro volatility. The international alternative asset fund management group said equity portfolios comprise of mainly high margin, cash generative, growth companies, whilst portfolios have currency hedging covering some 78 per cent of non-Euro exposures. The firm said that although portfolio [...]
Budget 2021: Steel sector bemoans “missed opportunity” as energy costs continue to rise October 27, 2021 The Budget was a “missed opportunity” for the country’s steel sector, argues the UK Steel and Community Union. The organisation has criticised Chancellor Rishi Sunak, believing he has left the steel sector “high and dry” by the lack of action on electricity prices and its failure to set out a clear plan for decarbonising UK steel production. [...]