News
The latest industry news 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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Sep- 2024 -19 September
Pubs outperform licensed sector despite ‘disappointing’ weather
Managed pubs have outperformed the licensed sector as a whole in August, with year-on-year growth of 2.9% despite disappointing weather, according to the latest edition of the CGA RSM Hospitality Business Tracker. Restaurants recorded a 0.8% increase, while the on-the-go segment achieved 5.0% growth. However, bars continued a long run…
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19 September
La Maritxu to open second café in Soho
La Maritxu, the Basque cheesecake operator, has signed for its second London location on Soho’s Kingly Street. La Maritxu will open a 271 sq ft café at 10 Kingly Street, adjacent to the entrance of Soho’s renowned food hub Kingly Court. The café specialises in Basque cheesecakes, originating from San…
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19 September
BoE holds interest rates at 5%
The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the first time in four years in August. The bank voted by a majority of 8-1 to keep the rate the same in a bid to help “sustain growth and employment”.…
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19 September
TGI Friday owner calls in administrators, 4,500 jobs at risk
Hostmore, the group behind TGI Fridays restaurants in the UK, has officially appointed administrators from Teneo Financial Advisors. A total of 87 TGI Fridays restaurants have been put up for sale, endangering some 4,500 jobs. Hostmore said it is hopeful that all UK-based restaurants sell to new owners by the…
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18 September
Today’s news in brief – 18/09/24
Comptoir Group has seen its loss after tax widen to £1.7m in H1, despite reporting a revenue rise of 7.4% to £15.9m. Adjusted EBITDA loss before highlighted items also widened to £0.6m from £0.3m a year earlier. The group has attributed its mounting losses to its sustained restaurant opening programme. …
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18 September
New packaging rules risk ‘double penalty’ for hospitality, says UKH
UKHospitality has claimed that new packaging rules holding businesses responsible for the end-of-life consequences of packaging risks a “double penalty” for hospitality businesses. It has stated that in many hospitality businesses, packaging deemed as household waste will actually never make it out of a venue and will be disposed of…
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18 September
Restaurants and hotels help keep inflation steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of England’s target of 2%.It follows downward contributions from hotels and restaurants, with costs in the segment falling to 4.4% in the month, down from 4.9% in the year to July,…
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18 September
Urban Pubs and Bars opens The Wren Tavern
Urban Pubs and Bars has announced the opening of The Wren Tavern as a tribute to Sir Christopher Wren. The London pub on Watling Street features a whiskey lounge and a speakeasy cocktail bar called 5cc in the basement. The chefs have designed a menu offering classic food using British…
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18 September
Comptoir Group losses widen to £1.7m in H1 despite revenue rise
Comptoir Group, the operator of Comptoir Libanais, Kenza, Shawa and Yalla Yalla, has seen its loss after tax widen from £0.8m to £1.7m in the six-month period to 30 June, despite reporting a revenue rise of 7.4% to £15.9m. Adjusted EBITDA loss before highlighted items also widened to £0.6m from…
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18 September
Commonwealth Games will boost Glasgow hospitality, says UKH Scotland
UKHospitality Scotland has said that the 2026 Commonwealth Games can help promote Glasgow hospitality on the world stage. This comes after it was announced that Glasgow will host the event, as the Australian state of Victoria pulled out of hosting due to cost concerns. Glasgow will be hosting the Commonwealth…
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