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Managed pub and restaurant groups recorded a 26% drop in like-for-like sales in April compared to the same month in 2019, data from the latest Coffer CGA Business Tracker show. However the figures, which covers three full weeks of outside-only service in England as well as briefer trading in Scotland and Wales, represents a 'solid return to trading' for the sector, according to the report. Operators enjoyed the benefit of generally good weather and strong consumer confidence in the first fortnight of trading, though low temperatures and rain dampened sales towards...

Managed pub and restaurant groups have made a robust start to post-lockdown trading in England, the latest figures from the Coffer CGA Business Tracker show. The Tracker, which has compiled data from a total of 47 companies, indicates that like-for-like sales in the week from Monday 12 to Sunday 18 April were down a modest 24% on the equivalent period two years ago — despite being limited to outside trading, and facing a strong comparative week in April 2019 that included Easter. Pubs performed better than restaurants across the first week back, as consumers cel...

Pubs, restaurants and bars suffer ‘dreadful’ Christmas as sales dive 72% Hospitality sales dived by 72.6% over the festive period (Dominic Lipinski/PA) Pub, restaurant and bar sales plummeted by almost three quarters in December as escalating restrictions made it a “dreadful” Christmas for hospitality firms, according to new figures. The Coffer Peach business tracker of sales across hospitality groups revealed that total sales dived by 72.6% over the festive period, typically the sector’s busiest time of the year. The figures – which are compiled by consultancy CGA, industry advis...

Hiscox shares tumble after UK Supreme Court Ruling Shares in insurer Hiscox tumbled by around 5 per cent as it was one of the insurers to have its appeal dismissed by the Supreme Court - meaning it will have to pay out. However, shares have now regained all the losses and are trading up 1.1 per cent. Six insurers - Arch, Argenta, Hiscox, MS Amlin, QBE and RSA - appealed against aspects of the High Court's ruling, as did the Hiscox Action Group, which represents around 400 businesses insured by Hiscox. In November, the UK's highest court heard 'leapfrog' appeals - which have bypassed the Court...

The latest Coffer Peach Business Tracker has revealed the dire consequences of December’s Covid restrictions and enforced closures for hospitality sales. Figures for the five weeks from 30 November to 3 January found drink-led managed pubs and bars were hardest hit by seasonal restrictions – with respective sales dropping 83.7% and 87.2% versus Christmas 2019.  What’s more, managed food-led pubs and pub restaurants saw trading in a 78.2% tailspin, while group-owned restaurants saw takings plummet by 57.9%. Collectively, Britain’s managed pub and restauran...