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.

Aug- 2022 -

8 August

Homewood appoints new F&B manager

Homewood Hotel and Spa has announced the appointment of Robert Fairbairn as its new food and beverage manager for the fully refurbished Somerset-based hotel after the reported approval of a £3m expansion plan to take place later this year. It is reported that Fairbairn is an “accomplished” leader in food…
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8 August

Foodservice inflation hits 11.5% in June

Inflation in the foodservice sector hit 11.5% in June, marking the fifth consecutive month of double-digit percentage inflation, according to the CGA Prestige Foodservice Index. All 10 food and drink categories in the Index moved upwards year-on-year, with three (fruit, dairy, and oils and fats) recording inflation of more than…
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3 August

Just Eat parent suffers €3.5bn write down on US business in H1

Just Eat Takeaway has written down the value of its US subsidiary Grubhub by €3.5bn (£2.9bn), a year after it purchased the food delivery group for $7.3bn (£5.98bn). Meanwhile, Just Eat Takeaway expects its profitability to continue improving going forward and is maintaining its outlook for FY22. Just Eat expects GTV…
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Jul- 2022 -

28 July

Food and drink industry administrations surge 60% in H1

The number of administrations filed for businesses in the food and drink industry surged 60% year-on-year between 1 January and 30 June 2022 (H1 FY21), according to analysis by Shakespeare Martineau. Overall, the food and drink industry accounted for 6% of administrations in the first six months of the year.…
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26 July

Compass Group raises forecast amid post-pandemic recovery

The Compass Group has increased its FY22 organic revenue growth guidance from 30% to 35%, due to a “significant acceleration” in growth and ongoing recovery of its base business. The announcement comes as the company reported that its revenues for the third quarter ended 30 June 2022 (Q3) were at…
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21 July

D&D London launches catered event space at Tower Bridge

D&D London has announced the launch of Blueprint Event Space, a permanent venue for D&D’s outside event’s arm – Alexander and Björck (A&B). Located at Tower Bridge, the site was originally used for the company’s Blueprint Café which was launched as a restaurant in the Design Museum when the museum…
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18 July

James Cochran opens new Valderrama bar

James Cochran has officially opened doors to the new Valderrama sports bar, a 48-cover venue which includes an outdoor terrace and of course and is accompanied by Cochran’s Around the Cluck fried chicken concept. Named after Carlos Valderrama, the captain of the Colombian 90’s football team, the bar reportedly takes…
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18 July

Deliveroo lowers FY22 guidance amid consumer headwinds

Deliveroo has lowered its gross transaction value (GTV) guidance for FY22 from 15–25% to 4–12% due to a “more cautious” economic outlook and increased consumer headwinds. Meanwhile, the company continues to expect FY22 adjusted EBITDA margin to be in the range of -1.5 to -1.8%, an improvement against -2% in…
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15 July

Foodservice inflation hits double digits for fourth month in a row

Inflation in the foodservice sector topped 10% for the fourth successive month in May, according to the new edition of the CGA by NielsenIQ and Prestige Foodservice Price Index. All 10 of the index’s food and drink categories recorded both year-on-year and quarter-on-quarter inflation in the month. The Oils and…
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14 July

Levy UK+I extends contract with The O2 arena

Levy UK and Ireland (UK+I), the sports and hospitality division of Compass Group UK and Ireland, has announced a five-year extension to its current contract with The O2 arena. The contract will continue to see Levy UK+I continue to serve food and drink experiences at The O2. Core to the…
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