Pub tycoon Tim Martin has been given a knighthood in the King's New Year Honours List 2024 for services to hospitality and to culture.
Founded by Martin in 1979, JD Wetherspoon now operates over 800 pubs and hotels across the UK, employing over 43,000 people.
One of the most high-profile supporters of Brexit, the 68-year-old has also been a vocal critic of the shutdown of businesses during the Covid-19 pandemic. The pub chain has bounced back to profits in its 2023 fiscal year after three years in the red, with sales touching almost £2 billion in the year to July 2023, an increase of 10.6 per cent year on year.
Commenting, Sir Tim said he would like to think the knighthood is not for his “rarely disclosed” political views but for “what it says on the tin”.
“I always think that, in the pub world, it is a team effort - even if you've just got one pub there are many people involved,” he told the PA news agency.
“I think it's the Wetherspoon colleagues and customers who are getting the award really, that's the way I look at it. I'm just the lucky recipient.”
Martin is known for repurposing high street buildings, such as banks and theatres, while retaining the unique architectural identity and culture of high streets.
OBEs
Martin McTague, national chair of the Federation of Small Businesses (FSB), has been made an Officer of the British Empire (OBE) for services to small businesses.
As national chair, McTague works closely with government and opposition leaders, attending ministerial meetings and representing FSB and its members at the most senior levels. He also works to ensure that members’ views are represented in international institutions.
Martin McTague
He was appointed as national chair of FSB in March 2022. Prior to this, he was FSB national vice chair, policy and advocacy (from 2021) and FSB policy and advocacy chair, a role he was elected to in March 2016.
McTague started his own business over three and a half decades ago and now currently owns and manage three businesses, offering public policy, engineering and IT consultancy services. He has served on the government’s Low Pay Commission since 2018.
Andrew Murphy
Andrew Murphy, former group chief operating officer of John Lewis Partnership, which runs John Lewis department stores and Waitrose supermarkets, has also won an OBE for services to the British retail industry.
He has been with John Lewis Partnership for over 30 years before leaving the company in summer 2023. Murphy joined toy retailer The Entertainer as its chief executive in October.
Paul Heygate, joint managing director of Northampton-based Heygate Group, has won an OBE for services to the food industry and to charity.
The Heygate Group spans farming, flour and feed milling and baking, with ten flour mills on four sites, a feed mill, two modern bakeries and 7500 acres of mainly arable land in England.
Paul Heygate
The family business has farmed in Northamptonshire since 1562 and moved into milling in the 19th century, when Paul’s grandfather Arthur Robert Heygate Senior took over the family mill at Bugbrooke.
Employing over 900 staff, the group produces more than 80 grades of flour for breads, cakes, pizzas, burger buns, chapattis, biscuits and more, besides supplying large manufacturing plants, in-store supermarket bakeries and craft bakers.
Paul Heygate has served as chairman of the Farmers Club, director of agriculture research institute NIAB, president of the industry association nabim, chair of the Flour Advisory Bureau and Master of the Worshipful Company of Bakers, making huge contributions to the UK milling and baking industries.
Salim Janmohamed at the 2021 Asian Business Awards
Salim Janmohamed, the chairman and founder of Karali Group, a family-owned business with a four-decade plus track record in the quick-service restaurant and hospitality sectors, has made an MBE for charitable and voluntary services to faith communities.
Karali has been the largest independent UK Burger King franchisee until they divested the 74-store portfolio to Burger King’s UK arm in 2022. The group also has a host of own-brand concepts, and since expanded into the US market via the acquisition of a portfolio of Burger King restaurants across Ohio and Pennsylvania.
A keen philanthropist, Janmohamed is a senior volunteer in his Ismaili community and plays an active part in the local communities where his businesses operate.
MBEs
Kathy Caton, founder and managing director of Brighton Gin, has been made a Member of British Empire (MBE) for services to trade and to the community in Brighton.
Kathy Caton
Founded in 2012, Brighton Gin is the first distillery on the South Coast, with a focus on ethical and sustainable production. Besides gluten-free, they are also the first craft gin to be certified 100% vegan, including the wax bottle tops and the gum they use to stick the labels.
Martyn Hillier, founder of Micropub Association, has won an MBE for services to business and to hospitality.
Martyn Hillier (Photo by Anthony Seminara/Wikimedia/CC BY-SA 3.0)
Hillier opened the very first micropub in Herne, Kent - The Butchers Arms - way back in 2005, and has since been leading the micropub movement. He gives advice tirelessly to other would-be micropub owners and has formed a small but like-minded group, the Micropub Association where people can ask questions and get free advice on opening their own micropub.
Phil Haughton
Phil Haughton, founder of Better Food, the Bristol-based organic retailer, has been awarded an MBE for services to sustainable food initiatives and to the community in Bristol.
Fighting for food justice, supporting the hard-working hands of organic farmers and producers, and advocating for the balance of food and nature have all been part of Haughton’s mission and his passion for almost five decades.
He founded Better Food, an independent retailer and café, specialising in organic, local and ethical food and products, in 1992. From humble beginnings packing veg boxes in a kitchen in Bristol’s St. Werburghs, they have now expanded to four locations across the city, employing over 100 people.
Nick Johnson and Jenny Thompson, co-founders of Market Operations, which develops food markets, have been made MBEs for services to business and to the food sector.
Enthusiasts of independent food and drink retail, they have developed three celebrated food markets in the greater Manchester area: Altrincham Market, Mackie Mayor and Picturedrome. Their reinvention of Altrincham Market into a thriving food hub has been credited with revitalising the town, and kickstarting the food hall trend.
Dr Julia Fentem, executive vice president - safety, environmental and regulatory science at Unilever, has won an MBE for services to human health and animal welfare.
Julia Fentem
A champion of non-animal testing, she has been Unilever’s work to develop non-animal safety science for more than 20 years, propelled by her deep commitment to helping to bring an end to animal testing for all consumer products anywhere in the world.
Mohammed Gulam Moula Miah, chairman of Rajnagar Business Group and Moula Foundation, has been honoured with an MBE for services to the Bangladeshi community and to charity.
MG Moula
Moving to the UK in 1980, Moula’s began his career at his family clothing manufacturing business on a part-time basis, whilst gaining experience in the hospitality sector in a family restaurant. He redirected his expertise fully towards the hospitality sector since 1987, launching his first multi-award-winning restaurant, Rajnagar International, which was followed by a successful chain of restaurants. This expanded into the hotel, land and property development sector in UK and Bangladesh.
A prominent British Bangladeshi community activist, he has shown consistent effort to promote the Midlands’ Bangladeshi community to the rest of the UK and supports many charities across the UK and Bangladesh.
Three leading chefs, Paul Hollywood, Jeremy Lee and Simon Rogan, have also been made MBEs.
British plant-based ready meal maker Allplants has filed a notice of intention to appoint administrators, citing ongoing financial losses, stated recent reports.
Allplants, known as the UK’s largest vegan ready meal brand, has faced mounting losses over recent years. Filing the notice provides the company with a critical window to explore options to avoid liquidation, such as restructuring, refinancing, or negotiating a sale.
According to the founder and CEO Jonathan Petrides, Allplants is working closely with insolvency specialists Interpath Advisory to assess “all possible options for restructuring, refinancing, and ensuring the sustainability of Allplants".
The reports added that while the prospect of a buyer offers some hope, failure to finalise a deal would likely lead to the company’s remaining stock being sold off to pay creditors. The development underscores the challenges faced by plant-based food companies as they navigate a competitive and increasingly crowded market.
Allplants started off as a direct-to-consumer brand in 2016, made its retail debut in November 2022, listing its meals at Planet Organic and several independent stores, as well as online grocer Ocado. It witnessed instant success, selling six million meals within the first three months and becoming the second-most purchased frozen meal brand on the latter platform.
Allplants has raised £67m across several financing rounds from investors including Molten Ventures, Felix Capital, Octopus Ventures, The Craftery, and professional footballers Chris Smalling and Kieran Gibbs.
Allplants’s move to appoint administrators is indicative of the distressed vegan ready meal category in the UK. It was among the categories that have witnessed a drop-off in sales recently, falling by 20 per cent between 2022 and 2023, according to Circana data commissioned by the Good Food Institute, which attributed it to cost-of-living pressures that led shoppers to cut back on non-essential and convenience items.
The country’s largest meat-free company, Quorn, posted pre-tax losses of £63m in 2023, a fourfold increase from the £15m it lost the year before. Meatless Farm and VBites also came close to the brink, before being rescued by VFC (now the Vegan Food Group) and owner Heather Mills, respectively.
Entrepreneur and businessperson Stanley Morrice, an influential figure in the retail and wholesale sectors, received an Honorary Doctorate from the University of Stirling at Stirling’s winter graduation held today (22).
Stanley, from Fraserburgh, is being recognised for his services to Scottish food, drink and agriculture. He entered the sector as a school leaver. In 1993, he joined Aberdeen-based convenience stores Aberness Foods, which traded as Mace. He rose to become Sales Director, boosting income by 50 per cent and tripling profits, and went on to be Managing Director, successfully leading the business through a strategic sale to supermarket group Somerfield.
Throughout a stellar business career, Stanley has set up, led, managed and sold more than 100 companies, from retail, wholesale and property to coaching and mentoring firms, in the UK and internationally.
An MBA graduate in retailing and wholesaling from the University of Stirling and Chair of the University of Stirling Management School’s International Advisory Board, Stanley was recognised with an MBE in 2022 for his work to support sustainable food and drink production in north-east Scotland.
Collecting his degree along with more than 300 other graduates at Friday morning’s ceremony, Stanley said, “I am deeply honoured to receive this recognition from the University of Stirling, where I completed my MBA in 1998. The University has played a pivotal role in shaping my career, and it has been a privilege to serve as Chair of the International Advisory Board at Stirling Management School since early 2020.
“This honorary degree reflects the University's commitment to cultivating industry partnerships and its dedication to preparing students for success in the business world. I was grateful for the opportunity to contribute to Stirling's mission of fostering innovation and developing future leaders.”
Professor Sir Gerry McCormac, Principal and Vice-Chancellor of the University of Stirling, said: “We are delighted to be awarding an Honorary Doctorate to Stanley Morrice, who has been an influential and exemplary figure in business and entrepreneurship, and in his advisory role at the University of Stirling. We know Stanley’s accomplishments, impact and leadership will be an inspiration to those graduating alongside him this week.”
In total, more than 1,000 students will graduate from the University of Stirling this week. Three ceremonies are being held across two days (21 – 22 November) as students celebrate their academic achievements alongside their families, friends and University staff.
British consumers have turned less pessimistic following the government's first budget and the US presidential election and they are showing more appetite for spending in the run-up to Christmas, according to a new survey.
The GfK Consumer Confidence Index, the longest-running measure of British consumer sentiment, rose to -18 in November, its highest since August and up from -21 in October which was its lowest since March.
Economists polled by Reuters had expected a deterioration in the confidence indicator to -22. Neil Bellamy, GfK's consumer insights director, said consumers seemed to have moved past their nervousness in the run-up to the 30 October budget and the 4 November US elections.
Finance minister Rachel Reeves announced a big increase in taxes on 30 October but the burden fell mostly on businesses rather than individuals.
Bellamy said it was too soon to say a corner had been turned. "As recent data shows, inflation has yet to be tamed, people are still feeling acute cost-of-living pressures, and it will take time for the UK's new government to deliver on its promise of 'change'," he said.
All five of the five components of the GfK's survey rose this month, led by a gauge of shoppers' willingness to make expensive purchases which rose five point to -16.
The survey was conducted between 30 October and 15 November and was based on the responses of 2,001 people.
GfK’s survey reported modest improvements in consumer measures of their personal finances and the general economic situation over the next 12 months. The figures clash with a separate survey of 1,500 households which showed growing pessimism over job security, according to S&P Intelligence.
“Consumer confidence continues to be variable but ability to spend depends on household circumstance,” Linda Ellett, UK head of consumer and retail at KPMG, said. “Inflation and interest rates having not yet sufficiently fallen and a toughening labour market are all weighing on the minds of many people.”
The government announced a £20 billion rise in employer national insurance contributions at the budget, as part of its promise not to hit “working people” with extra levies. Labour has also cut back on winter fuel payments for all pensioners, and said it will boost pay for public sector workers this year.
British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy in the run-up to the first budget of prime minister Keir Starmer's new government.
The Office for National Statistics (ONS) said sales volumes have fallen by 0.7 per cent in October. A Reuters poll of economists had forecast a monthly fall of 0.3 per cent in sales volumes from September.
The drop was the sharpest since June when sales fell by 1.0 per cent from May. A monthly rise in sales in September was also revised down to 0.1 per cent from a previous estimate of a 0.3 per cent gain.
The ONS said retailers across the board reported that consumers held back on spending ahead of the new government's first tax and spending budget on 30 October.
It also said a possible contributor to the weakness in sales were the school half-term holidays for England and Wales which typically fall within the October data reporting period but did not this year.
Sales of clothing were particularly weak in October, something reflected in previously released figures for the month from the British Retail Consortium, representing the industry, which linked the fall to weather that was warmer than usual.
The ONS said during the 12 months to October, sales volumes rose by 2.4 per cent, slowing from September's 3.2 per cent rise and weaker than the median forecast in the Reuters poll for a 3.4 per cent increase.
Slow start to Golden Quarter
Jacqui Baker, head of retail at RSM UK and chair of ICAEW’s Retail Group, described the figures as a “concerning start to the Golden Quarter” - the busiest period for retailers.
“With half-term falling later this year and relatively mild weather, consumers have put off buying their winter coats and boots. This has made it difficult for retailers to shift stock,” she said. Many shoppers appear to be holding out for Black Friday deals, which Baker predicts will lift sales throughout November.
Baker noted that despite a challenging October, there is hope for a recovery in the months ahead.
“The Budget didn’t deal a huge blow to consumers in the form of tax rises, plus interest rates continue to come down, and the American election is now out of the way, which should help with confidence and create a clear runway for Christmas spending,” she said.
Thomas Pugh, an economist at RSM UK, echoed these concerns, pointing to the timing of the school half-term as a significant factor in October's sales slump. However, he expressed optimism about the longer-term outlook, predicting that retail sales would grow through 2025 as “higher consumer incomes and rising consumer confidence … feed through into higher spending volumes.”
He added: “While headline inflation jumped from 1.7 per cent in September to 2.2 per cent in October, retail prices fell at an accelerated rate. Indeed, retail inflation dropped from -1.3 per cent to -1.6 per cent, meaning lower prices will help a rise in spending feed through into bigger increases in sales volumes.”
Silvia Rindone, EY UK&I Retail Lead, highlighted consumer caution as another key factor behind the October decline.
“The decline in sales volumes can be attributed to a decrease in consumer confidence, influenced by several factors including uncertainty surrounding the Autumn Statement, rising energy bills, and the impending costs of Christmas,” she commented.
EY’s latest Holiday Shopping survey revealed that nearly half of consumers began their festive shopping before November, aiming to spread out holiday expenses.
Rindone warned that retailers face a challenging period ahead, with upcoming labour cost increases, including changes to National Insurance and a minimum wage hike set for April 2025.
“The next few months are critical… Retailers will need to ensure they drive margin this Golden Quarter so that investments can be made in their proposition,” she said.
“As our survey found, shoppers are willing to spend if the price is right and the proposition is strong. Continuing to operate as efficiently as possible while steadily improving the experience for customers will be key. Much like the last few years, the market is getting tougher, and only those able to continually evolve will thrive.”
Shareholders in food and drink giants such as PepsiCo, Coca-Cola and Mondelez are among a group of investors calling on the sector to be more transparent about the healthiness of its sales as a first step towards taking accountability for its significant impact on public health, in a move coordinated by responsible investment NGO ShareAction, the NGO stated.
The investors include Legal & General Investment Management, Pictet Asset Management, Nest, and CCLA, who collectively manage £2.34trn in assets. In a letter delivered today (21) to the chief executives of PepsiCo, Coca-Cola, Mondelēz, Kraft Heinz, Kellanova, and General Mills, investors have called on the companies to follow the likes of Unilever and Danone in adopting internationally-accepted nutrition standards for publicly reporting the healthiness of their sales.
The investors have raised concerns that an over-reliance on sales of less healthy products leads to poor diets and sicker societies, which they claim harms economic productivity and threatens long-term business success and financial returns. The investors added that a lack of transparency hinders their ability to fully assess risks and opportunities.
“We believe that health is a systemic risk that affects the whole economy,” said Tom Sanders, Senior ESG Analyst at Nest. “The increased consumption of unhealthy products harms public health and could reduce worker productivity, creating externalities that can impact our long-term investment returns as a globally diversified investor. Food and drink companies must take responsibility in helping manage these risks by being more transparent, using internationally recognised nutrition standards as an important first step.”
The move comes amid an increasing focus by governments and consumers on the food and drink sector’s reliance on sales of foods that are high in fat, salt and sugar. Around one in eight people globally are living with obesity, including millions of children, which is projected to cost the global economy more than £3.34trn a year by 2035.
Thomas Abrams, Co-Head of Health at ShareAction, said: “It’s really encouraging to see the momentum building among the investment community to hold the food and drink sector to account for its impact on public health. By adopting a responsible investment approach to public health investors can not only manage financial risks but also help more people to enjoy healthier lives for longer.”
ShareAction and the investors are asking the food and drink companies to commit to adopting one or more of the internationally accepted Nutrient Profiling Models used to define healthy food, rather than their own in-house versions.