Tag Archives: Brexit

Survey finds 70% of Brits are prepared to pay more for home-grown goods

Survey finds 70% of Brits are prepared to pay more for home-grown goods

The results of a recent survey undertaken by British warewashing brand, Classeq, has found that 70% of respondents would be prepared to pay more for British manufactured goods. However, 78% of those surveyed said that they perceive British made products to be more expensive than foreign counterparts. According to the survey, 40% of people surveyed

Brexit “more of an excuse than a reason” for restaurant chain struggles

Brexit is not the primary cause of restaurant chain struggles in 2018 despite it routinely being offered up as an excuse by businesses, a survey has concluded.   Digital ordering technology provider Preoday polled nearly 700 individuals and found that 69% of professionals working for pubs, bars and restaurants said Brexit was “more of an

Catering equipment suppliers demand answers after document exposes Brexit product hurdles

An EU Commission document detailing the impact of Brexit on manufacturers, suppliers and importers operating in the UK “does not make easy reading” for the catering equipment industry, it has been claimed. The guide seeks to provide an overview of possible implications in terms of product legislation, but the complexity of the issues that it

Component cost hikes so high they ‘could not be absorbed by the industry’, says Victor

Bosses at Victor Manufacturing have described how it was simply impossible for catering equipment manufacturers to absorb increases in raw material costs in the wake of last year’s Brexit vote. The past 18 months have seen hikes across the board as manufacturers and importers have tweaked their price lists in response to dramatic currency fluctuations.

JD Wetherspoon continues to dash Brexit fears with optimistic sales

UK-based pub chain JD Wetherspoon has followed up its better-than-expected financial year report with an equally optimistic update for the first quarter of the new trading season. Like-for-like sales increased by 6.1% and total sales by 4.3% for the 13 weeks to 29 October 2017. The underlying operating margin, excluding property gains, was 8.6%, although

‘Dramatic’ rise in kitchen equipment costs is crippling operators, warns restaurant boss

The boss of one of the fastest-growing pub and restaurant chains in the UK has warned there will be a “significant slowing” of investment from the industry if the cost of items such as catering equipment keep increasing. Peter Borg-Neal, CEO of Oakman Inns & Restaurants, said an increase in capital expenditure costs, including new

JD Wetherspoon files record figures while dashing Brexit concerns

Pub giant JD Wetherspoon has reported record earnings and remains confident that a Brexit deal will have no significant impact on its UK buisness. Pre-tax profits in the year to the end of July grew from £66m to £77m, with revenues up 4% from last year’s £1.59bn, totalling £1.66bn. Like-for-like sales also saw a healthy

Suppliers have more to fear from protracted Brexit talks than us, warns JDW boss

JD Wetherspoon chairman Tim Martin warned this morning that its suppliers have most to fear from Brexit negotiations as he once again used the company’s latest financial update to outline his views on the EU.   Mr Martin, a staunch Leave campaigner, said that the current “posturing and threats” from EU negotiators would inevitably drive

Kitchen crisis looms as leaked Brexit plans threaten chef movement

A quarter of chefs working in the UK are EU nationals – leaving restaurants facing a kitchen skills crisis if leaked immigration proposals are implemented, the British Hospitality Association has warned. Leaked document from the Home Office last week exposed draft plans to end freedom of movement immediately after Brexit and offer low-skilled EU migrants

THE BIG INTERVIEW: Julian Edwards, head of the FCSI UK & Ireland

The FCSI’s UK branch is now re-affiliated with FCSI EAME after a parting of the ways last year, placing it in a stronger position as the industry wades into Brexit. Joe Peskett caught up with UK chairman Julian Edwards to hear how the FCSI is reforming alongside its international partners, setting new standards for members