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.
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Aug- 2021 -11 August
Market Halls tops crowdfunding target
Food hall brand Market Halls has topped its £600,000 Seedrs crowdfunding target with 28 days still remaining. The London-based food and drinks group has achieved £702,159 at the time of writing, from 240 investors. Founded in 2017, Market Halls now operates with three venues across London, namely in Fulham, Victoria,…
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9 August
Delivery Hero takes 5% stake in Deliveroo
Deliveroo has announced that Delivery Hero, a Berlin-based food delivery group, has gained a 5% stake in the company. The two company’s act as rivals in the Middle East through Delivery Hero’s Talabat brand, and in Hong Kong and Singapore via its Foodpanda arm. However, according to The Financial Times,…
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3 August
Domino’s H1 profits boosted by post-lockdown sales
Domino’s has reported a 27.7% rise in its pre-tax profits for the 26 weeks ended 27 June 2021 to £60.8m from £47.6m the previous year, which it said was driven by post lockdown reunion sales and the Euros. System sales also grew by 19.6% to £752.3m from £628.9m and was…
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3 August
Greggs to add 100 new stores as it returns to profit
Greggs has announced it plans to open 100 new stores this year after it revealed it had returned to profit for the 26 weeks ended 3 July 2021. For the half-year period it posted profits of £55.5m compared with the previous year’s loss of £65.2m. Total sales also climbed to…
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2 August
Domino’s non-executive director to step down
Domino’s has announced that Kevin Higgins, non-executive director, will step down from the board on 8 September 2021 when his current term in office expires. He has served on the board since September 2014 after a 20 year career in branded consumer foods in both Europe and the US. He…
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Jul- 2021 -23 July
June delivery and takeaway sales up 225%, CGA reveals
Delivery and takeaway sales in June 2021 were 225% higher than in June 2019, reflecting the return of the majority of restaurants and pubs for the first full month of indoor service, according to the latest CGA Hospitality at Home Tracker. The results showed that delivery and takeaways accounted for…
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21 July
One in five hospitality workers planning to quit in next 12 months
One in five people are planning on leaving the hospitality industry in the next 12 months, according to a new study conducted by the Burnt Chef Project, a group which provides mental health support for the UK hospitality trade. The survey, which questioned 2,143 UK based workers, also found that…
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15 July
Just Eat UK delivery orders surge 733%
Just Eat Takeaway has raised its growth guidance as delivery orders in the UK surged 733% year-on-year during the first half of FY21. The group also reported triple-digit order growth in the UK for the period, contributing to its now expected 45% order growth for the full year. The takeaway…
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9 July
Foodservice inflation reached ‘highest ever level’ in May, says CGA
Foodservice price inflation reached its “highest ever level” in May 2021 as indoor service resumed in hospitality venues, according to the latest edition of the CGA Prestige Foodservice Price Index. The index showed that food and drink prices increased by 2.5% from April 2021, which were the result of a…
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8 July
Deliveroo GTV spikes 76% in Q2
Deliveroo saw its gross transaction value (GTV) spike 76% year-on-year to £1.74bn for Q2 FY21. The group’s UK and Ireland operations were the largest contributors, with GTV growing 87% year-on-year to £921m for the three months ended 30 June 2021. GTV at the online food delivery company’s international arms increased…
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