King’s coronation steers UK economy back into red as GDP shrinks 0.1 per cent in May July 13, 2023 Lost work owing to the additional bank holiday to celebrate the King’s coronation has sent UK economic growth into reverse, official figures out today reveal. UK gross domestic product (GDP) contracted 0.1 per cent in May, a much smaller drop than the City expected and down from a 0.2 per cent expansion in April, according [...]
Ask the Expert: Kemal Demirasal’s top London restaurants July 12, 2023 The Counter’s chef-founder Kemal Demirasal on where he likes to eat in the capital on his day off. Brat Brat is one of my top restaurants in London, one that I visit every couple of months. It’s got an excellent selection of fish dishes, and as someone from a coastal city (Izmir), this is a [...]
‘I started this as a hobby’: Cricket star Stuart Broad reflects on his naive start to the world of hospitality July 12, 2023 England cricketer turned pub landlord Stuart Broad has admitted he had a “naive” understanding about what it took to run a hospitality business, as he reopens his pub amid a period of soaring bills and red hot inflation. The 37-year old sports star has recently relaunched his pub and restaurant The Tap and Run in [...]
DART rail system has been a ‘gamechanger’ for Luton Airport, says chief executive July 10, 2023 The launch of the Luton DART rail system has “simply been a gamechanger for the airport,” the boss of Luton Airport said, amid plans to expand its passenger cap to upwards of 19m. Speaking to City A.M. Alberto Martin, London Luton’s CEO, said that the new rail transit system will also play a “pivotal role” [...]
Gaizka Mendieta interview: Food, business and life after football July 9, 2023 Former Spain, Middlesbrough, Lazio and Valencia midfielder Gaizka Mendieta on finding a new passion in the restaurant business after a stellar football career. When Gaizka Mendieta, one of the most lauded midfielders of his era, moved to Middlesbrough in 2003 he gave England a taste of the best that Spain had to offer. Now, 15 [...]
Inflation falling rapidly but not enough to avert 14th straight Bank of England rate rise, experts warn July 5, 2023 Inflation is still hanging around in the UK economy due to businesses continuing to pass on higher wage bills, although there are signs price pressures have turned a corner, a closely watched survey out today reveals. A reduction in energy and transport bills caused by international gas markets and supply chains repairing from a series [...]
Wine sector reeling as price of a bottle set to be taxed 20 per cent more July 5, 2023 Wine lovers will be taxed 20 per cent more on their favourite bottle of red or white in a month’s time, as the government steams ahead with its alcohol duty tax hikes, spelling further pain for customers and businesses. Chancellor Jeremy Hunt announced the measures as part of the Spring Budget back in March, which [...]
Wine sector reeling as price of a bottle set to be taxed 20 per cent more come August July 4, 2023 Wine lovers will be taxed 20 per cent more on their favourite bottle of red or white in a month’s time, as the government steams ahead with its alcohol duty tax hikes, spelling further pain for customers and businesses. Chancellor Jeremy Hunt announced the measures as part of the Spring Budget back in March, which [...]
Barclays, Shell and BP feel the heat as activist investors launch record green campaigns July 4, 2023 Shell, BP and Barclays have felt the wrath of activist investors this year as corporate pressure campaigns are launched in record numbers across Europe, new research shows. The number of activist campaigns in Europe has climbed each month this year to a total of 25 campaigns by May, fuelled by a spike in environmental campaigns [...]
Heartwood Collection secures £100m cash injection as it steams ahead with ‘pubs with room’ expansion July 2, 2023 Hospitality chain Heartwood Collection, formally known as Brasserie Bar Co, has secured £100m of additional funding as it steams ahead with its growth plans. In June, the pub and restaurant chain revealed a major revamp which saw the hospitality group expand into the pubs with rooms market. Last year, Brasserie Bar Co was snapped up [...]