Some 5,000 jobs at Upper Crust owner SSP could be axed as the company faces dwindling demand due to the Covid-19 pandemic. SSP said the impact on passenger travel arising from Covid-19 resulted in the closure of almost all of its units in the UK. It added that its intention…
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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.
The Competition and Markets Authority (CMA) has provisionally cleared Amazon’s 16% investment in Deliveroo for the second time, on the basis that it is not likely to result in a “substantial lessening of competition”. In its initial provisional findings, published in April, the CMA provisionally cleared Amazon’s investment on the…
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Visa and Mastercard could be set to pay billions in compensation to some of the UK’s top retailers following a court ruling which found that the two payment companies had breached competition laws. The Supreme Court today (17 June) unanimously upheld the conclusion of the Court of Appeal that the…
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Just Eat Takeaway has entered a “definitive agreement” with Grubhub that will see it acquire 100% of Grubhub’s shares in a $7.3bn (£5.75bn) deal. Once the takeover is finalised, the combined group will be the world’s largest online food delivery company outside of China, measured by gross merchandise value and…
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The Competition and Markets Authority (CMA) has given Just Eat and Takeaway.com’s £6.2bn merger deal the green light. The CMA said both companies’ platforms link customers to hundreds of restaurants or food outlets, where they can browse takeaway options and order online. As part of its investigation, the CMA considered…
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Some 66% of hospitality businesses do not think they can survive a further three months of lockdown measures. According to a study by Kam Media, which involved 211 hospitality companies – ranging from businesses operating pubs and bars to restaurants, cafes and street food venues believe they will not survive…
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The average UK SME does not have enough cash to cover debts due in the next year, according to new research from accountancy firm UHY Hacker Young. The firm’s analysis of the balance sheets of more than 13,500 SMEs in the UK showed that the average SME now has only…
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Barclaycard has announced it will be rolling out the deployment of a new £45 contactless limit across UK retailers from 1 April 2020. The payments provider, which enables almost half of the UK’s credit and debit card transactions, said that the increased threshold would “help to prevent” the spread of…
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Chancellor Sunak Rishi has said the government will pay 80% of wages for employees who aren’t able to work due to the coronavirus, up to £2,500 a month according to the BBC. The “unprecedented measure” comes as the government has unveiled more plans to protect jobs and businesses amid the…
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The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic “emergency” faced due to the coronavirus outbreak. Bailey, who has only been in the position for three days after taking over from former Bank Of England chief Mark Carney, told…
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