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.

Jul- 2021 -

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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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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