Recession

Another downward dip is inevitable but experts hope the next one won't be as severe as the 2008-9 financial crisis

#IHS2014: Hotels need to prepare for next downturn

By Melodie Michel

The UK’s recovery hasn’t yet reached its peak, but another dip is to be expected, and hotels should think of ways to avoid being too affected, according to speakers at the Independent Hotel Show.

Lee Cash and Hamish Stoddart founded Peach Pub Company in 2003

Peach remains confident after 'difficult' year

By Luke Nicholls

Independent pub operator Peach Pub Company has admitted that 2012 was a ‘difficult’ period for the business as pre-tax profits dropped by 39.7 per cent to £375,128.

The Hudson's interior design is inspired by urban art with exposed brickwork, neon lights and a rustic vibe

The Hudson London bar & club set to open in Kilburn

By Luke Nicholls

The Hudson, a new late-night, New York-inspired cocktail bar and club, is set to open in Kilburn next month on the site of The Westbury bar and pool lounge, which closed in June.

The UK economy has returned to recession and is now in a double-dip recession, according to the latest figures from the Office for National Statistics

UK economy drops into 'double-dip' recession

By Peter Ruddick

The hospitality industry has reacted to the news the UK economy has returned to recession and is now in a 'double-dip' recession, according to the latest figures released by the Office for National Statistics (ONS).

Loungers plans to expand to 24 sites in the next year

Loungers’ expansion pushes turnover up 55%

By Emma Eversham

Loungers, the Bristol-based café, bar and restaurant group, saw turnover grow 55 per cent to almost £11m last year after adding an extra four sites to its estate.

Hospitality businesses are still feeling the effects of the recession

Recession ends but hospitality insolvencies rise

By Becky Paskin

The hospitality and leisure sector experienced a 12 per cent rise in insolvencies at the end of last year, as news today came that Britain is finally no longer in a recession

Record year for Ed’s Easy Diner

Record year for Ed’s Easy Diner

By Becky Paskin

The American diner chain rumoured to have gone into administration earlier this year, have reported a record increase in trading