Confidence among Britain’s hospitality leaders has plunged as sector challenges deepen, with CGA by NIQ’s latest Business Confidence Survey revealing worsening sentiment amid squeezed margins and reduced consumer spending.
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Sales at managed venues edged up by a modest 0.1% in the week to Saturday 19 October, just surpassing the same week in 2023. However, figures soon declined, with sales finishing 5% lower in the following week to Saturday 26 October. Drinks sales have now fallen in four of the past five weeks.
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As the year’s final quarter unfolds, Liberty Wines remains committed to providing strong service and support across all departments, from sales to logistics. The company's recent Autumn/Winter tasting event highlighted the importance of offering a diverse range of high-quality wines to inspire consumer spending and maintain market leadership.
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The Bank of England’s base rate, also referred to as the Bank Rate or simply the interest rate, is a key economic tool that affects the cost of borrowing and returns on savings in the UK. Set by the Bank of England, it helps control inflation and maintain economic stability.
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Alcohol has weathered the storm of the coronavirus, new figures show, beating packaged foods and other beverages to see a 25% uplift in value sales since the beginning of lockdown.
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Gaucho has announced it is closing all of its Cau sites in order to focus on stabilising the Argentinian wine and steak restaurant.
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