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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Jul- 2021 -7 July
Deliveroo to create 400 new tech jobs
Deliveroo has announced that it will create 400 new tech jobs as it looks to support its “rapid growth”. The company is currently seeking to hire across a range of skill sets including software engineers, product managers, user researchers, designers, and data scientists. The expanded team will work on a…
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Jun- 2021 -30 June
Cake Box FY21 revenue climbs 16.9% to £21.9m
Cream cake retailer Cake Box saw revenues spike 16.9% year-on-year to £21.9m for the full year ended 31 March 2021. The group’s adjusted pre-tax profit also jumped in the period, up 24.8% from £3.8m in FY20 to £4.7m in FY21. Cake Box’s strong performance was driven by an 84% growth…
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25 June
Junk food ads to be banned on TV before 9pm
Fast food businesses in the UK are set to be banned from advertising junk food before the watershed on television. The government’s new rules will come into effect by the end of 2022 and will affect establishments with 250 or more employees that either produce or sell foods with which…
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24 June
Ready Burger tops £1.5m crowdfund target on day of launch
Ready Burger, a plant-based fast food company, has exceeded its £1.5m crowdfunding target within hours of launching the campaign. The group has now raised over £1.75m from almost 350 investors, with 29 days still left to go on its Crowdcube campaign. Providing burgers described as “fast food that’s better for…
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17 June
May delivery and takeaway sales remain 273% higher than in 2019
Despite venues being open, delivery and takeaway sales in May 2021 were 273% higher than in 2019, according to the latest CGA Hospitality at Home tracker. Whilst sales in April 2021 were 345% higher than in 2019, the continued rise in May provided further evidence that the takeaway and delivered…
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15 June
Just Eat Takeaway.com enters US market with Grubhub acquisition
Just Eat Takeaway.com has announced that it has completed the acquisition of 100% of the shares of Grubhub for an undisclosed sum. The acquisition follows the clearing by the Competition and Markets Authority (CMA) of the £6.2bn merger between Just Eat plc and Takeaway.com. The merger was previously under investigation…
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11 June
Dominos CFO to step down
Domino’s has announced that Neil Smith, CFO, will step down from the company on 26 November 2021 and move over to pub group Fuller, Smith and Turner to become its newest finance director. Smith will continue to work with Dominic Paul, CEO, and the board to ensure an orderly transition…
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10 June
Domino’s launches new UK and Ireland app
Domino’s has announced the launch of its new UK and Ireland Pizza app for Android and Apple users. The continued app innovation comes after the company reported a 20% increase in online pizza orders during the third UK lockdown compared with the same period in 2019. The launch brings new…
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May- 2021 -27 May
Inflation returns to food and non-alcoholic drink prices, CGA reveals
Inflation has started to return to food and non-alcoholic drinks after months of falling prices, according to the latest CGA Prestige Foodservice Price Index. March figures from the Index showed a “firming of prices” year-on-year as lockdowns moved towards loosening and deflationary pressures related to Brexit receded. As hospitality gradually…
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25 May
April delivery and takeaway sales increase fourfold on pre-Covid levels
Delivery and takeaway sales for April 2021 saw a “fourfold” increase from pre-Covid-19 levels, according to the latest CGA Hospitality at Home Tracker. The results showed that combined delivery and takeaway sales were 345% higher than in April 2019, when the sector was fully open for eating out. Sales grew…
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