Greggs: Shares crater as sweltering June set to hit profit July 2, 2025 Greggs has said it expects to report lower annual profit than last year as scorching temperatures in June impacted sales. The company told markets this morning that total sales in the first half of the year grew 6.9 per cent to £1.3bn, although like-for-like sales grew just 2.6 per cent. Shares fell by more than [...]
Labour warned that hospitality ‘is being taxed out of existence’ July 2, 2025 The government faced serious warnings from MPs about the state of the hospitality sector during an afternoon debate in the Commons on July 1. Representatives from across the UK warned the government that high taxes were suffocating the sector – particularly for small businesses – putting ‘insurmountable burdens’ on businesses. “Hospitality is being taxed out [...]
Scrapping al fresco dining in Northcote Rd proves Labour hates fun June 24, 2025 Labour-run Wandsworth council has scrapped a popular pedestrianisation scheme, and Conservatives are fighting back.
Fuller’s toasts stellar year as Brits flock to pubs June 11, 2025 Hospitality giant Fuller, Smith & Turner has become the latest UK pub chain to report a stellar year of trading as Brits continue to head to pubs despite financial constraints. The FTSE 250 company told markets this morning that revenue rose 4.8 per cent to £376.3m in the 52 weeks to March 29. Like for [...]
Cheers! City Beerfest returns to Guildhall for 11th year June 10, 2025 City Beerfest will return to Guildhall for its 11th year this July, bringing together food, drink and live music on the site of London’s second-century Roman Amphitheatre. The festival, which has become one of the City of London Corporation’s most popular events, will have over 40 different beers on offer in the Guildhall’s courtyard. It [...]
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 [...]
Fulham Premier League hospitality: Margaritas, caviar and £20,000 season tickets June 4, 2025 Fulham FC’s Riverside Stand features a new Sky Deck offering over three floors. City AM took a look around to see what it was all about. Worth the price tag? You decide. One of the newest features adjacent to the stretch of the River Thames between Putney Bridge and London’s famous River Cafe soars into [...]
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, [...]