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.
-
Aug- 2024 -2 August
Riva Blu restaurant opens at Spring Leeds
Italian restaurant Riva Blu has opened a new location at The Springs Leeds. With food drawing on inspiration from Southern Italy and the interiors featuring plush teal accents, the latest addition to the retail park will provide guests with an open kitchen, cocktail bar and al fresco terrace area. Part…
Read More » -
2 August
Edinburgh hospitality braces for sales rise as Fringe begins
Edinburgh hospitality is due to benefit from a major rise in sales as Edinburgh Fringe and other festivals have kicked off today (2 August). Last year, Edinburgh welcomed almost 250,000 people to its festivals, which helped deliver a 30% rise in average daily sales for hospitality venues in the city…
Read More » -
1 August
Today’s news in brief – 01/08/24
Stonegate Group has secured a refinancing deal from TDR Capital, following strong demand from investors. This refinancing will extend the group’s maturities on the revolving credit facility and the senior secured notes to January 2029 and July 2029 respectively, and reduce leverage from 8.2x to 6.5x RR EBITDA today. Restaurant…
Read More » -
1 August
Restaurant groups see ‘strong’ delivery sales amid wet weather
Managed restaurant groups in Britain have recorded the strongest growth in delivery sales since the end of the pandemic restrictions due to unseasonal weather, according to CGA by NIQ’s latest Hospitality at Home Tracker. According to the Tracker, like-for-like sales in June were 17.1% higher than in the comparable month…
Read More » -
1 August
BoE cuts interest rates for first time in 4 years
The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling to 5%. The bank voted by a majority of 5–4 to reduce the rate by 0.25 percentage points to 5%, marking the first fall in inflation since March 2020, where…
Read More » -
1 August
Jerk Junction to open first shopping centre location
Caribbean street food brand Jerk Junction has announced that it is set to open its first shopping centre location in the Trafford Centre. Jerk Junction will occupy a 917 sq ft space in The Orient, located next to HOP Vietnamese. The brand was founded in Chorlton and its menu includes…
Read More » -
1 August
Brother Marcus to open new restaurant in Covent Garden
Eastern Mediterranean restaurant Brother Marcus has selected The Yards, Covent Garden, to launch its largest location to date. Located at 23 Slingsby Place, Brother Marcus’ new 4,190 sq ft two-floor venue will include two terraces overlooking The Yards’ St Martin’s Courtyard and will have two bars – one on each…
Read More » -
1 August
Stonegate Group secures refinancing deal from TDR Capital
Stonegate Group, the UK’s largest pub company, has secured a refinancing deal from TDR Capital LLP, a UK-based private equity firm. Stonegate Group has agreed to refinance £3.0bn of debt, following strong demand from investors. As part of the deal, funds managed by TDR Capital will make a £250m shareholder…
Read More » -
Jul- 2024 -31 July
Today’s news in brief – 31/07/24
UKH has called the changes to the LPC remit for 2025 “disruptive and unhelpful”, claiming that wages rates must strike an “affordable balance to help deliver growth for both businesses and staff”. The Low Pay Commission has also been ordered to narrow the gap between the minimum wage rate for…
Read More » -
31 July
UKH calls new LPC 2025 remit ‘disruptive and unhelpful’
UKHospitality has called changes to the Low Pay Commission’s (LPC) remit for 2025 “disruptive and unhelpful”, claiming that wages rates must strike an “affordable balance to help deliver growth for both businesses and staff”. Business secretary Jonathan Reynolds has ordered the LPC to factor in the future cost of living…
Read More »
