Shares in Deliveroo sank by as much as 30% as it made its London Stock Market debut, going as low as 275p per share and wiping over £2bn off its valuation In a market announcement this morning, Deliveroo said the offer price has been set at £3.90 per share, equating…
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The latest news and updates on the business of foodservice, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
Sadiq Khan has announced a £6m investment to directly support the re-opening of London’s economy once Covid-19 restrictions are lifted. The mayor revealed he will be investing £5m to support the eventual reopening of central London, which will include a new campaign to attract visitors and tourists back into the…
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Deliveroo has revealed a narrowing of its losses to £233.7m during 2020 while also confirming its London stock market floatation. The food delivery app gave prospective investors an insight into its financial performance today (8 March, as part of the launch of its Initial Public Offering (IPO). Its trading update showed…
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The Welsh government has announced that it will extend its business rates holiday for another 12 months. The £380m package will provide retail, leisure and hospitality businesses with “rateable values” up to £500k, as well as charities in Wales with a “straightforward” year-long business rates holiday. This relief package, in…
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Begbies Traynor has overseen the pre-package sale of City District Limited to Southern Wind Group Limited, who has acquired a “substantial” part of the business and assets in a move that has saved 243 jobs. City District Limited, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand…
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Uber has lost its appeal to the Supreme Court over drivers’ rights in a decision which could have wider implications for the gig economy. The Supreme Court has decided in Uber BV and others v Aslam and others that tens of thousands of Uber drivers in the UK, most of…
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Almost two thirds (65.1%) of Brits will reportedly “boycott” restaurants, bars, pubs or hotels with a poor reputation for hygiene and infection control. The data was obtained by a nationally-representative survey into 2,000 members of the public, by infection control specialist JLA, as part of its “Infection Insights” campaign to…
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Online alcohol retailer Master of Malt has raised £36.5k for Hospitality Action through an auction of Macallan whiskey. The ecommerce platform which has a history of running lotteries and charity auctions for highly sought-after allocations auctioned off the Macallan Red Collection. Hospitality Action is a UK charity which offers…
Read More » The Labour Party has accused the government of “economic negligence” as it has estimated 650,000 hospitality businesses could collapse in the next three months amid reports of the current lockdown lasting until May. New analysis by the opposition party, based on the latest ONS data, has revealed an “underlying cash…
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UK Hospitality has responded to the new government hotel quarantine initiative by cautioning of the long-term impact on the UK’s relationship with international visitors. Kate Nicholls, CEO of UKHospitality reiterated that driving down cases and taking steps to eliminate new strains of the virus through enforcement of new and existing…
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