Hospitality sector to create 700,000 jobs over festive season, research finds December 4, 2023 Around 700,000 jobs are expected to be created in the hospitality industry over the festive season, new research suggests. Around half of companies in the sector are hiring staff for the busy next few weeks, with an average of eight each, according to recruitment site Caterer.com. Kathy Dyball, director at Caterer.com, said: “Despite the cost-of-living [...]
UK recession forecasts will send ‘chill’ for workers, shopworkers union boss warns December 28, 2023 “It is a disgrace that many are struggling to make ends meet and do not get the respect they deserve. They need a government on their side.”
Cost of living: Brits switch to discount brands while 1.7m have cancelled subscriptions like Netflix, reveals Lloyds February 17, 2023 A fifth of people polled by Lloyds Bank have switched to discount brands in a bid to save cash to cope with the cost of living, while 1.7m have cancelled subscriptions like Netflix, it has been revealed. The shift to discount shopping has been significant during the cost of living crisis, with an 18 per [...]
Travelodge hits record profits as staycation breaks continue post-pandemic May 15, 2023 Travelodge, the UK’s largest independent hotel brand, has reported results significantly ahead of its previous record year in 2019, as Brits continued to opt for staycation breaks and business travel. The London-listed hotel company, which offers cheap beds in the UK Spain and Ireland said that revenues were up 25 per cent from 2019 to [...]
West End makes fresh calls for end to tourist tax ahead of ‘make or break’ festive period October 31, 2023 New West End Company forecasts up to £1.64bn in spending this festive season — but it may be up to international shoppers to take the wheel.
Pubs are go: Britain’s oldest brewer Shepherd Neame shrugs off strikes and inflation in eight per cent revenue rise March 22, 2023 Britain’s oldest brewer Shepherd Neame has said consumer spending in the wake of the costs of living crisis has “remained strong” as the group posts strong revenues for the 26 weeks to December 2022. The listed pubs group, which operates around London and the South East, posted revenues of £85.3m up 8.4 per cent from [...]
Over-50s considering returning to work due to concerns about retirement funds December 6, 2022 The overwhelming majority of over-50s are not financially set for retirement due to the pandemic and cost of living crisis. Just under two-fifths of those aged 50-54 are happy their retirement funds are sufficient, rising to 55 per cent for those 60-65. The worrying trend, highlighted in research from Handelsbanken Wealth & Asset Management, shows [...]
Nearly half of tenants struggle to pay rent with millions now facing ‘financial vulnerability’ July 14, 2023 Nearly half of tenants are struggling to pay their rent, with millions now spending more of their disposable income on renting costs than homeowners. As the cost of living crisis has led many landlords to up the costs of rent, some 21 per cent of tenants report spending a higher proportion of their disposable income [...]
B&M: Bargain hunting Brits help budget chain’s revenues top £1bn June 29, 2023 Brits seeking out bargains have continued to drive earnings at value retailer B&M as it reported a 13.5 per cent rise in group revenue in the first leg of the year. The news, however, failed to impress investors as its share price slumped over 6 per cent when markets opened this morning. The homeware to [...]
Waitrose warns of jobs cuts as it shakes up staff hours September 7, 2023 Waitrose workers have been warned that some jobs are at risk as the business looks to ramp up productivity and reduce costs.