Food and Drink
The latest news and updates on food, 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.
-
Sep- 2022 -20 September
UK F&B sector M&A deal value falls 90%, says Oghma Partners
Corporate finance house, Oghma Partners, revealed that the UK food and beverage M&A deals are currently valued at around £270m compared to £3.9bn in the prior year, which is a decline of more than 90%. It is reported that the market activity in May to August 2022 also saw a…
Read More » -
8 September
Foodservice prices rise in July despite easing in commodity markets
The foodservice sector has seen continued price rises in July at 1.6% over the month and year-on-year inflation stayed in double digits for the sixth month in a row, despite a drop in food commodity markets, according to the latest CGA Prestige Foodservice Price Index. The sector is continuing to…
Read More » -
6 September
Drinks sales drop 13% on pre-Covid levels
On Premise drinks sales dropped 13% last week (in the seven days to 27 August) compared to pre-Covid levels in 2019, and were flat year-on-year compared to summer 2021, according to CGA by Nielsen IQ’s Drinks Recovery Tracker. CGA said that after a solid start to August, managed venues found…
Read More » -
5 September
Bord Bia appoints new CEO
The Irish food board, Bord Bia, has announced the appointment of Jim O’Toole as its new CEO, effective from 1 November, when Michael Murphy will return to his position as director of organisation and industry talent. It is reported that O’Toole is the current CEO of Bord Iascaigh Mhara (BIM),…
Read More » -
2 September
Deliveroo Q2 growth slows amid increased consumer headwinds
Deliveroo has revealed that its growth slowed in Q2, reporting growth of only 2%, against growth of 12% in Q1, reflecting the impact of increased consumer headwinds. However, Deliveroo said it continues to grow in the current “challenging” market with H1 2022, showing an increase of 12% in revenue to…
Read More » -
Aug- 2022 -31 August
Half of Britain’s major cities show negative sales versus 2019
Out-of-home food and drink sales are in growth in only half of Britain’s 10 biggest city centres, as five major cities are experiencing negative sales in the latest four weeks versus the same time period in 2019. According to data from CGA and Wireless Social, new challenges facing the sector…
Read More » -
22 August
Drinks sales rise amid soaring weather conditions
Average sales by value in managed venues in the week to Saturday 13 August were 9% ahead of the same week in 2019 amid soaring temperatures, and total drinks levels were up 13% year-on-year, although this is an inflated figure as 2021 was down by -5% on pre-Covid levels for…
Read More » -
18 August
Eddy’s Food Station opens its third site
Eddy’s Food Station has announced the opening of its third location today in Larbert, Scotland. This follows its Alloa store which opened just a few months ago, and the Greenock store last week (9 August). The newest venture from Stephen Thompson, former CEO and co-founder of Morning, Noon and Night,…
Read More » -
17 August
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI) hit 10.1% in the 12 months to July 2022, up from 9.4% in June. According to the Office for National Statistics (ONS), the biggest contribution to this figure was rising…
Read More » -
10 August
SSP adds Greggs to UK portfolio with new franchise deal
SSP Group, an operator of food and beverage outlets in travel locations worldwide, has reportedly secured a franchise deal with renowned UK food on-the-go retailer, Greggs, and will be opening stores in the coming months at a number of locations across the UK. It is reported that the first unit…
Read More »
