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 -

23 September

Bennett Hay appoints new culinary director

Bespoke catering services company, Bennett Hay, has announced the appointment of Candice Webber as the group’s new culinary director, a senior role in the operator’s leadership team. In her new role, Webber will focus on food and drink, and head its culinary department. She will also be responsible for developing…
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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…
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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…
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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…
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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),…
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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…
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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…
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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…
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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,…
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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…
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