Mitchells and Butlers, the pubs, bars, and restaurants group, has announced pre-tax losses of £123m for the financial year ended 26 September. Also revealed in the company’s full year results was the confirmation of approximately 1,300 redundancies since the year end. The firm’s revenues took a hit as a result…
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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.
Deliveroo has named Claudia Arney as the company’s first chair, as the business gears up for a “year of growth”. Arney, who currently holds directorships at the Premier League, Ocado, Kingfisher and Derwent London was officially named leader today (25 November). News of the hire comes as Deliveroo experienced a…
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Restaurant Brands Collective, a new company offering franchise food brands for virtual delivery or dine-in, has been launched by a team of food development, operations, and franchising experts. The company aims to offer individual franchise solutions, in a bid to help multi and single site hospitality businesses use a range…
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The British Beer and Pub Association (BBPA) has called for further government support for the sector, following revelations that 72% of hospitality and pub businesses could become “unviable” and close in 2021. The association said that an extension in VAT cuttings and the business rates holiday are “top priorities” for…
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Greater Manchester’s evening hospitality economy could reportedly take “five years to recover” from Covid-19, according to the area’s night-time economic advisor Sacha Lord. According to the BBC, Lord said One in ten night-time businesses could permanently close in the area, and 80% of restaurants have reportedly planned on making redundancies.…
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The Unite union has claimed more than 1,000 catering jobs at Do & Co, Heathrow’s largest caterer, are at risk. The union said the catering company, which serves British Airways, is making 1,068 staff redundant, bringing its total to 1,377 job losses, since the pandemic started. Just 507 staff will…
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Burger King is urging the UK public to order from McDonalds, as well as other restaurant chains, in a show of support ahead of the country’s second Covid-19 lockdown. The burger chain is encouraging people to order food how they can during the lockdown, whether it be drive-through or takeaway,…
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UK inflation for the month of September increased to 0.5% after the end of the Government’s Eat Out to Help Out scheme pushed up prices, according to the latest figures from the ONS. The figure is up from 0.2% in August where prices were driven down by the discount scheme.…
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The UK unemployment rate increased to 4.5% during the three months to August, the highest level in over three years. According to the latest figures from the Office of National Statistics (ONS), the total number of unemployed increased by 138,000 to 1.58 million people. It comes as over 227,000 people…
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Businesses using the furlough scheme have been urged to “thoroughly check” their claims for inaccuracies before HMRC’s cut-off date to avoid the risk of fines or prosecution. Accountancy firm Kilsby Williams issued the warning after HMRC sent letters to a growing number of businesses to inform them of potential errors…
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