The Compass Group has reported that its revenues increased 37.9% year-on-year from £8.4bn to £11.6bn in the six months ending 31 March 2022 (H1), meaning revenues are at 99% of 2019 figures with its run rate now above pre-Covid levels. Operating profits also surged 134.5% from to £673m, compared to…
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The Business section on Catering Today delivers comprehensive coverage of the commercial landscape shaping the UK hospitality and catering industry. It reports on company performance, acquisitions, investments, market movements, and leadership changes across restaurants, pubs, and catering groups. With analysis of financial trends, growth strategies, and sector forecasts, Catering Today provides hospitality professionals with the intelligence needed to understand market dynamics and make informed business decisions in a competitive environment.
Seasoned, the catering and events firm, has beaten the competition to become an official partner for Sea Life Brighton, expanding on its presence in the seaside resort. The organisation celebrated the contract with a soft launch, inviting local industry colleagues and dignitaries including Brighton and Hove mayor Alan Robins to…
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More councils should follow the lead of Kensington and Chelsea by introducing policies that encourage outdoor eating and dining culture, legal experts say. The West London borough is the first in the UK to commit to encouraging al fresco dining as an ongoing feature of its high streets. A new…
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Hospitality, leisure and retail businesses in England are facing a “dangerous cost of doing business crisis”, according to real estate adviser Altus Group, as the government presses ahead with its £3.1bn business rates rise on 1 April. Analysis by Altus Group, following yesterday’s (23 March) Spring Statement, shows councils in…
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Caterer Seasoned has won the contract to provide on-site services for more than 850 students and 150 members of staff at Coventry University’s Scarborough campus, along with the hospitality for events such as open days. CU Scarborough, which is part of the Coventry University Group, is set to expand its…
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The sushi chain Yo!’s parent company, Snowfox Group, has reportedly picked further advisers for a potential £750m listing. According to Sky News, the Snowfox Group is working with Barclays, Jefferies and Peel Hunt on a prospective initial public offering (IPO). Mayfair Equity Partners, the company’s controlling shareholder, is said to…
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A new report published by Deliveroo into the UK public’s food delivery preferences has revealed more than eight out of 10 UK customers ordered deliveries at the same rate or more frequently in December 2021 than they did the year before. The “Share of Stomach” report aims to “help restaurants…
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Redwigwam, the UK-based platform for flexible staff, has signed a partnership with hospitality software company Eviivo to “help rebuild the hospitality sector”. Redwigwam said it has over 180,000 vetted workers ready at the touch of a button through its AI recruitment platform and has helped over 5,000 businesses with finding…
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Consumer card spending rose by only 7.4% in January compared to the same period in 2020, marking the smallest uplift since April 2021, as spending was dampened by ongoing Plan B restrictions, inflation, and rising energy costs. In light of this, hospitality and leisure spending swung to a decline last…
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The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from 0.25% previously. The BoE Monetary Policy Committee (MPC) confirmed it voted by a majority of 5-4 to increase Bank Rate by 0.25 percentage points, to 0.5%. Interestingly, it revealed those…
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