Mitchells & Butlers: All Bar One owner toasts ‘record year’ despite battling high costs November 30, 2023 All Bar One owner Mitchells and Butlers (M&B) said that like for like sales grew to a record 9.1 per cent during the full year, as the chain toasts a strong performance. The no frills dining and pub chain, which also owns Toby Carvery, said that adjusted operating profit increased by 17.6 per cent, despite [...]
Supermarkets in focus of new CMA probe claiming loyalty schemes push up inflation November 29, 2023 It made the announcement following its latest findings from a two-year ongoing investigation of the groceries sector, and its impact on competition and inflationary pressures.
Food inflation falls again but business rate hikes could unravel progress November 28, 2023 Increases to business rates and the national living wage could reverse progress made to lower food inflation, experts have warned.
Misery for London retailers as they face £575m business rates bill November 27, 2023 Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
Businesses could ‘struggle to afford’ increase in living wage, experts warn November 27, 2023 Last week, the government announced that the National Living Wage will rise by almost 10 per cent next year, from £10.42 to £11.44 an hour.
West End braces itself for Black Friday spending boost November 23, 2023 Retailers in London are bracing themselves for the start of the Christmas spending period as a swarm of bargain hunting Brits are set to hit the West End this Black Friday. Unseasonable weather in both the summer and autumn battered the majority of retailers’ earnings over the first and second quarter of the year, so [...]
The Notebook: Victoria Scholar on the ever-changing appetites of retail investors November 23, 2023 Where the City’s big thinkers get things off their chest. Today, it’s Victoria Scholar, head of investment at Interactive Investor analysing retail investors' appetites.
Cranswick remains ‘cautious’ as it tackles inflation with 25 per cent profit gains November 21, 2023 UK food producer Cranswick has regained strong positioning after inflation took its toll this year, reporting a 12.3 per cent increase in revenue in its half-year interim results today.
Compass: Catering firm thanks inflation for surging profits November 20, 2023 Compass has unveiled a jump in revenues for the year as the catering giant was bolstered by food inflation and demand for its products.
Hospitality sector sees ‘worrying’ year as pub insolvencies jump 66 per cent November 20, 2023 The number of pub and bar insolvencies in the last year rose from 438 to 725, a "worrying sign," some industry officials say.