Food delivery company Deliveroo has announced that it is to make all of its employees shareholders in the company. The move will mean all permanent staff, present and future, will be given share options in the company. The move will be worth nearly £10m in total for the majority of…
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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.
Around 57,227 British companies are still not complying with new measures brought in to counter fraud and money laundering, according to big data and anti-money laundering (AML) firm Fortytwo Data. The businesses are not yet compliant with new regulations which states they must declare those people with significant control (PSCs)…
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Catering supplier Stephensons has reported a steady rise in sales of paper straws along with a steady decline in sales of plastic straws, and paper has outsold plastic for the first time. Data provided by the catering supplier has shown that sales of plastic straws sat at over 8,000 units…
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Perfumer Miller Harris and M Restaurants have announced a partnership with Odore, a vending and sampling platform, to bring on-demand fine fragrances to customers. Launched in September 2017, Odore’s platform operates as a vending machine and consumer insights data marketplace. The platform works by giving consumers complimentary samples of their…
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Argentinian restaurant chain Cau, owned by Gaucho, is set to cut 750 jobs and the future of all 22 of its restaurants is in doubt. Chain owners Gaucho have fallen out of love with the chain, and have brought in financial advisors KPMG to look at cost cutting options. KPMG’s…
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New research has found that 70% of takeaway consumers would rather the full cost of food went straight to the restaurant as opposed to commission of up to 25% going to food delivery apps. The research by digital ordering technology provider Preoday, shows 82% of restaurants using door-to-door delivery apps…
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Shares in Greggs have dropped 13% in the wake of disappointing sales figures following bad weather in March. The bakery chain had reported sales growth of 3.2% compared with year’s figures, but the company has said they are “cautious” of worse than expected profits in a statement. Greggs had expected…
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Hotel chain Travelodge has partnered with high street food brand Itsu Grocery, to offer a specially selected ‘eat beautiful’ range of convenience noodles and Asian-inspired snacks in its non-bar café hotels. This new range offers Travelodge customers the option to enjoy a restaurant-inspired meal in the comfort of their room…
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The UK restaurant industry is under grave threat from the growing trend of customers wanting food delivered to their door according to new research. A study by consultants Duff & Phelps found demand for food delivered to customers’ homes has grown 10 times faster than takeaway. Examples include food delivery…
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Caskade Caterers has secured a £29.4m funding package from HSBC to fund plans to roll out American classic fast food chain Taco Bell across the UK. The HSBC package is made up of a £13m loan, £10m revolving credit facility, and a £6.4m commercial mortgage. The package will help with…
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