Hospitality firms are bracing for the return of inflation hospitality October’s inflation figure has worried hospitality firms. While it is not too far above target – 2.3 per cent versus the sweet spot of two per cent – and one month does not constitute a trend, it has exacerbated concerns companies already had about the future of their industry. There are two reasons hospitality is [...]
Retailers warn of ‘inevitable’ job losses and price rises after budget tax hikes Retail Retail bosses warned that they will be forced to hike prices and cut jobs due to the government’s tax hikes, as the sector braces for a substantial increase in employment costs. In a draft letter to the Chancellor, coordinated by the British Retail Consortium (BRC), retail bosses warned that job losses were “inevitable” and higher [...]
Convenience stores issued £634m warning ahead of Budget hospitality A lobby group has warned convenience stores could be set for a huge bill next year as tax hikes are expected to be included in the Autumn Budget. The Association of Convenience Stores has said the sector will face a potential bill of £634m due to wage increases, plus changes to National Insurance contributions and [...]
Asahi: Peroni and London Pride brewer slips further into the red October 7, 2024 Japanese beer maker Asahi, whose brands also include Peroni, saw its UK division slip further into the red during its latest financial year. The London-headquartered arm posted a pre-tax loss of £14m for 2023, having also lost £6.3m in the prior 12 months. Asahi UK last reported a pre-tax profit when it achieved a total [...]
The 6 best terraces in London to catch the rays this weekend August 16, 2024 With the sun finally exposing itself to us mere mortals, it’s the weekend to explore London’s outdoor drinking and dining spots. Here are some of the very best outdoor terraces in London to spend a lazy afternoon, whether you’re eating, drinking or just chewing the fat with old friends. Century Club Shaftesbury Avenue’s Century Club [...]
Fuller’s snaps up pint-sized Warwickshire pub chain Lovely Pubs August 6, 2024 Fuller’s has snapped up a chain of seven pubs in Warwickshire in a deal worth £22.5m. Fuller’s said it had bought the Lovely Pubs group, which has a seven-strong portfolio of six freehold sites and one pub with a 16-bedroom inn. The firm said the deal would expand its presence in the Midlands as it [...]
Fuller’s cashes in with sale of London pubs to Admiral Taverns May 29, 2024 Fullers Smith & Turner will sell 37 pubs across London and South-East England for a total of £18.3m to Admiral Taverns Limited.
Two wars and a revolution: What will 2024 look like on the global stage? January 3, 2024 Ukraine, Israel and Donald Trump; as we enter a new year, Dr John Hulsman tells us what major things to expect from global politics in 2024. As the English theologian Thomas Fuller put it, “It’s always darkest before the dawn”. After a highly unsatisfying 2023, we can only fervently hope that Fuller’s plaintive prayer is [...]
Five common sense things for the ‘common sense’ minister November 14, 2023 As Esther McVey assumes the role of 'minister for common sense', we look at five pressing issues for her in-tray.
Small pubs at risk of closure next year without business rates relief, Fuller’s boss warns November 13, 2023 The chief executive of Fuller’s, Simon Emeny, has said that an extension on business rates relief could be the difference between some small pub businesses handing back their keys next year or remaining open. Speaking to City A.M, ahead of the autumn budget next Wednesday, the frontman for the near 200 year old pub business, urged [...]