News-In-Brief

Today’s news in brief – 08/04/25

Camerons Brewery has reported a 17.95% rise in EBITDA in FY24 amid debt reduction in the year ended 5 January 2025. The group managed to cut its debt by £10.8m to £15.5m as of 23 December 2023, and as a result, now carries much less relative to what it earns.…

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Today’s news in brief – 07/04/25

Hospitality venues will be released from red tape which stifles business as the government “backs the British night out”, after revealing its new Plan for Change initiative. Action includes moves to improve the application of licensing laws and strengthen businesses’ competitiveness, giving diners, pub and party-goers more time and more…

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Today’s news in brief – 04/04/25

JD Wetherspoon aims to expand beyond 1,000 locations by franchising with hotel groups. The pub group is specifically targeting hoteliers across the UK, noting that as hotel operators seek to maximise profits and utilise space, developing bars and restaurants can be seen as risky in the current climate, with even…

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Today’s news in brief – 03/04/25

Yum Brands chief executive, David Gibbs, will retire from the role in 2026, having served since January 2020. During his tenure, Gibbs focused on leading the company’s digital transformation, building the company’s development engine and delivering “strong” shareholder returns powered by a “people-first” culture of collaboration. Simultaneously, he also navigated…

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Today’s news in brief – 02/04/25

RedCat Hospitality has reported a turnover rise of 8% to £129.8m in the year ended 31 March 2024, which was described as a transitional year for the company. In 2024, the group welcomed a fresh leadership team as CEO Richard Lewis joined RedCat to oversee a programme of stabilisation. Despite…

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Today’s news in brief – 01/04/25

UKH has urged the government to work with the industry amid £3.4bn of new annual costs that have come in today (1 April). Hospitality businesses will now face an additional £1.9bn in wage costs, £1bn of employer NICs and £500m in business rates, as a result of relief being lowered…

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Today’s news in brief – 31/03/25

Kerb has seen its trader revenues rise by 37% to over £32m in 2024, up from £23.5m a year prior. This marks an 89% increase since 2022 when it first generated £17m in revenues for its food stalls. Kerb’s flagship food hall, Seven Dials Market, has welcomed on average 30,000…

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Today’s news in brief – 28/03/25

New World Trading Company has seen its revenues hit a record £73.5m in FY24. The bar and restaurant operator also delivered a 20% increase in underlying EBITDA for the period. Over the past year, NWTC had established a new leadership team, which has been credited with placing its main brand,…

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Today’s news in brief – 27/03/25

Restaurants continued to struggle for growth in delivery and takeaway sales in February, according to CGA by NIQ’s Hospitality at Home Tracker, which revealed that like-for-like sales were up by only 1.7% from the same period in the year before. Weak growth has been attributed to a squeeze on many…

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Today’s news in brief – 26/03/25

Trispan has brought together Pho, Rosa’s Thai and Mowgli under a holding group called Arcturus Group to become the UK’s largest multi-site casual dining operator in the Asian restaurant segment. Each brand will continue to operate independently, with existing CEOs Sarah Hills (Rosa’s Thai), Patrick Marrinan (Pho) and Nisha Katona…

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