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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Aug- 2024 -27 August
Today’s news in brief – 27/08/24
Hydes has reported a “record” turnover of £39.3m for the year ended 31 March, when its overall pre-tax profits also rose from £2.3m to £2.6m. The family-owned business has attributed its performance to investing in refurbishments, the opening of a landmark site on the Wirral, and the growth of contract…
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27 August
Over 50% of hospitality managers say staff are ‘burning out’
More than half (53%) of U.K. managers working in hospitality say their company and staff are suffering from burnout, according to a survey from Axonify. Managers cited long working hours (69%), high stress levels (68%) and understaffing (64%) as the main causes. Managers remain divided about the impact that Brexit…
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27 August
Hydes achieves ‘record’ FY turnover of £39.3m
Brewer and pub chain, Hydes, has reported that its turnover rose £5m to £39.3m for the year ended 31 March. Hydes also saw its overall pre-tax profits rise from £2.3m to £2.6m during the period. The family-owned business has attributed its “record” results to its investment in refurbishments, the opening…
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27 August
Brakspear’s FY turnover jumps 9% to £38.6m
JT Davies and Sons Holdings Limited, the parent company of Brakspear, has reported a 9% increase in turnover to £38.6m for the year ending 31 December 2023 against 2022, with an expected reduction in profitability. Underlying EBITDA was reported as £10.9m, slightly lower than the £11.2m reported for 2022 when…
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27 August
Drinks sales dip 1% amid civic unrest and patchy weather
Drink sales in managed venues recorded a 1% drop in the seven days to 17 August 2024, according to CGA by NIQ’s latest Daily Drinks Tracker. This is the third year-on-year drop in four weeks in the wake of civic unrest and patchy weather. The heatwave led to year-on-year growth…
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23 August
Today’s news in brief – 23/08/24
UKH Scotland has warned against Edinburgh’s “unsustainable” visitor levy. The trade body believes that the visitor levy should be kept “to a reasonable minimum”, as failure to do so will increase costs for both visitors and businesses in the city. In light of the council’s vote on a higher levy…
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23 August
UKH warns against Edinburgh’s ‘unsustainable’ visitor levy
UKHospitality Scotland has warned Edinburgh City Council against increasing the proposed levy to an “unsustainable” level, following the first council vote agreed on an even higher levy than the proposed 5% in the draft scheme. The trade body believes that the visitor levy must be kept “to a reasonable minimum”,…
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23 August
Hospitality sector claims leap 100% YoY in July
Claims in the UK’s hotel and catering sector have spiked by 100% in July, compared with the same time last year, according to trade credit insurer Atradius. This comes despite overall claims in the F&B sector declining by 75% in July, a pivotal time for tourism in the UK. According…
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23 August
The Savoy to launch a new restaurant in November
London luxury hotel, The Savoy, will be officially opening its new dining destination – the Savoy Lounge – later this year in November. It comes after the Thames Foyer served its final afternoon tea this week in the evening of Wednesday 21 August. The space will now undergo a complete…
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23 August
Shepherd Neame launches first pub pizza wagon
Independent family brewer and pub company Shepherd Neame has unveiled its first pizza wagon, Little Tom, offering handmade sourdough pizzas to eat in or take away at its pubs. The wagon, titled Little Tom due to its tomato-red colour, has been adapted to incorporate a bespoke pizza oven along with…
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