The average hourly pay of workers over 25 in the UK significantly fell from £8.55 in June to £8.18 in November, before plateauing at £8.16 in December and rising to £8.38 in January. According to statistics from software provider for the leisure and hospitality industry Fourth, this is the first…
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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.
UK-based contract caterer Compass Group saw its organic revenue grow by 6.9% for the three months to 31 December 2018. The group attributed its growth to “strong levels of new business wins”, continued good retention rates. It also said the impact of the new UK Defence contracts and a “positive”…
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Two multiple operators have taken on Edinburgh pubs and are undertaking major investments with Star Pubs and Bars, part of a £960,000 investment in four pubs in the Edinburgh area in the first quarter of 2019. The Annfield and The Victoria are both having kitchens installed to enable them to…
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The Treasury Committee has launched a new inquiry into business rates to scrutinise how government policy has impacted high street businesses. The committee will examine how business rates policy has changed, including business rates retention, alternatives to property-based taxes, such as the proposed digital services tax. Nicky Morgan MP, chair…
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Beverage company Diageo has reported a 5.8% increase in net sales, amounting to £6.9bn, in its half-year results ending 31 December 2018. The company said all the regions it operates in contributed to broad based organic net sales growth, up 7.5%, with organic volume up 3.5%. It closed the period…
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The Caffè Nero Group has announced it has become the majority owner of Coffee#1, after acquiring shares from its owner SA Brain for an undisclosed sum. SA Brain has owner the Wales, Midlands and south England based Coffee chain since 2011 and the first Coffee#1 site opened in 2001. The…
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Retail tycoon Mike Ashley is reportedly considering buying collapsed cafe chain Patisserie Valerie, just a week after the company fell into administration. The chain confirmed some 71 businesses would close immediately while its remaining 122 stores would continue trading as normal as administrators KPMG looked for a buyer. According to…
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Fuller’s has sold its brewery business to the European arm of Japanese brewer Asahi as it shifts its focus to its upmarket pub and hotel businesses. It was sold for £250m on a debt-free, cash-free basis and comprises the entirety of Fuller’s beer, cider and soft drinks brewing and production,…
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International spirits company, Quintessential Brands, has appointed James Lousada as managing director of its international commercial products arm, Quintessential Brands Spirit Solutions. The firm said the appointment of Lousada, who has over 20 years’ experience in the industry running UK and European drinks companies, is indicative of the its ambitions…
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Research firm The NPD Group has predicted visits in the British out-of-home (OOH) market will slide in the next two years while digital orders will exceed one billion per year for the first time by end of 2020. The use of apps in particular is expected to continue to see…
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