Nightcap boss: ‘No place for mediocrity’ in economic tumult as cocktail brand’s sales surge November 13, 2022 Cocktail bar operator Nightcap is slowing down its expansion programme while its CEO told CityA.M. the sector faces “uncharted territory” this winter. While the London-listed business would not halt openings entirely, it would “be more cautious” with new sites, CEO Sarah Willingham said. In its annual report last week, the owner of The Adventure Bar [...]
Retailers balance ‘sadvertising’ and festive joy in this year’s Christmas adverts November 13, 2022 Retailers have faced pressure this year to put out adverts that not only have a feel good factor, but also do good. Against the backdrop of a gloomy winter, where many families will be forced to cut back on Christmas celebrations and gifts in order to keep the fridge stocked and heating on, getting the [...]
Rail strikes ‘cost £500m to the economy’ as Nightcap boss says action ‘decimating’ bars November 10, 2022 Ongoing railway strikes have cost the UK economy £500m this year, with businesses pleading with unions and bosses to find a solution to the disruption. “If we don’t get the services restored I’m worried people will give up on rail,” newly-appointed rail minister Huw Merriman told the Railway Industry Association’s conference on Thursday. “That would [...]
Exclusive: Premier Foods inks long-term partnership with food poverty charity FareShare November 10, 2022 One of the country’s biggest food manufacturers has said it has agreed to join forces with charity FareShare, to tackle hunger and food waste. Premier Foods has inked a five year partnership to provide food directly to FareShare, which will then redistribute the donations to almost 9,500 charities and community groups in its network. The [...]
Next boss laments not getting ‘Brexit I wanted’ and calls for migration changes to fill staff shortages November 10, 2022 The CEO of Next has implored ministers to ease rules for overseas workers wanting to come to the UK and said he did not get “the Brexit I wanted.” Lord Simon Wolfson reiterated previous pleas for the government to make it easier for workers to move to the UK to plug staff shortages across the [...]
Young’s declares City heartland back in business as pub sales up 11 per cent November 10, 2022 Pub operator Young’s has said its Square Mile sites are bustling with office workers and tourists once more, as it declares central London back in business. Sales in the City – which has seen hospitality venues hammered hard by home-working trends and Covid lockdowns in recent years – were up 11.1 per cent in recent [...]
B&M hopes to win long-term customers from shoppers trading down in economic crunch November 10, 2022 B&M has said it is optimistic that it would be able to retain the loyalty of shoppers who are switching to the discount retailer amid the economic downturn. The British-Luxembourg business said it was “well positioned” to reap the rewards of customers who were trading down in both grocery and non-grocery, against the backdrop of [...]
WH Smith swings back to profit as retailer eyes global expansion November 10, 2022 WH Smith is back in the black after footfall to airports and railway stations returned this year, following the opening up of society post-Covid. The high street staple posted group profit before tax of £63m for the year to the end of August, compared to a loss of £116m it booked the year previously. WH [...]
Top dog at BrewDog to replace Simon Longbottom as boss of Stonegate November 9, 2022 One of BrewDog’s top bosses is leaving the brewer to head one of the country’s largest pub chains, Stonegate. David McDowall, BrewDog’s president and chief operating officer, is to take up the reins at the Slug & Lettuce chain, it was first reported by Sky News. Stonegate, which operates 4,500 pubs across the country, confirmed [...]
JD Wetherspoon sales lift as budget chain ‘one of few winners’ amid economic crunch November 9, 2022 JD Wetherspoon posted buoyant sales for the first quarter, although it said demand had softened slightly in October. Shares dropped by as much as eight per cent, after the company admitted October trading had been slightly slower than expected. Like-for-like sales were 9.6 per cent higher than the same period last year, with the pub [...]
