News
The News section on Catering Today delivers the latest updates and developments across the UK hospitality and catering industry. Covering restaurants, pubs, quick service brands, and catering groups, it reports on company announcements, market performance, government policy, and sector-wide trends. With a focus on commercial and operational impact, Catering Today’s news coverage keeps hospitality professionals informed of the events and decisions shaping business conditions and strategic opportunities across the sector.
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Nov- 2024 -8 November
Krispy Kreme falls to $16m loss in Q3 as UK market underperforms
Krispy Kreme has seen losses widen to $16m (£12.9m) in its third quarter, up from a loss of $2.1m ( £1.7m) the prior year, as the UK market underperformed over the period. In the quarter ended 29 September 2024, net revenues fell by 6.8% to $379.9m (£305.9m), down from $407.4m…
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8 November
Blind Tiger Inns invests in 20th pub alongside Star Pubs
North West pub company Blind Tiger Inns has acquired its 20th pub, The Stanley Arms, with Star Pubs, increasing its estate to 22 sites. Star and Blind Tiger are now carrying out a joint £150,000 refurbishment of the pub on Lancaster Road in the centre of Preston before reopening it…
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8 November
Rick Stein Group named in 100 Best Companies to Work For survey
The Rick Stein Group has been named as one of this year’s 100 Best Large Companies To Work For by Best Companies, an independent authority surveying UK workplace culture and employee engagement. News of the family-run business’ accolade comes after the awards evening that was held yesterday (7 November). Ranking…
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8 November
UKH welcomes ‘short-term’ fix of interest rates cut
UKHospitality has welcomed the Bank of England’s interest rates cut from 5% to 4.75%, saying it is “positive news in the short-term”, particularly those still struggling with pandemic debt repayments, and consumer confidence. However, the trade body said it believes the benefits of this cut is overshadowed by the looming…
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8 November
Claro opens at St James’s
Eastern Mediterranean restaurant Claro has opened its doors in St James’s London. The restaurant was founded by a close-knit team of four partners, all long-time friends. Led by chef Shadi Issawy, the London kitchen offers a dining experience that mirrors the “celebrated” culinary approach of their restaurant in Tel Aviv,…
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7 November
Today’s news in brief – 07/11/24
Wetherspoon boss Tim Martin has warned of rising prices following the autumn budget, though the pub group intends to “make every attempt to stay as competitive as possible”. It comes as Wetherspoon has reported that LFL sales in Q1 were 5.9% higher than the same period last year, as bar…
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7 November
Bubbleology continues expansion with Newcastle opening
Bubble tea brand Bubbleology is expanding its presence in the North of England with the opening of its first site in Newcastle. Set to open on 10 November in Eldon Square, the opening marks the brand’s debut in the city as it continues to grow its portfolio of retail sites…
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7 November
Bank of England cuts interest rates to 4.75%
The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The bank voted by a majority of 8–1 to reduce Bank Rate by 0.25 percentage points to 4.75%. One member preferred to maintain the previous rate of 5%. It had…
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7 November
Foodservice inflation falls to 2.4% in September
Foodservice price inflation fell to 2.4% in September, the 15th consecutive month of easing, according to data from CGA. However, nine out of ten categories show month-on-month price increases highlighting persistent inflationary pressures. This marks the fourth consecutive month of overall month-on-month inflation. The Vegetables category continues to report high…
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7 November
Caffè Nero acquires London based FCB Coffee
The Nero Group, owner of Caffe Nero, Coffee#1, 200 Degrees, Harris + Hoole and Aroma, has announced it has completed the purchase of London-based coffee business FCB Coffee. FCB was founded in 1998 when it opened its first kiosk in London. The business has developed over the years and now…
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