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 -21 August
McDonald’s to open 200 UK&I restaurants amid £1bn investment
McDonald’s has announced plans to open over 200 new restaurants across the UK in the next four years, as the fast food group along with its franchisees will invest £1bn in celebration of 50 years in the country. The new openings will create more than 24,000 jobs across the UK…
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21 August
UK hospitality groups report 1.5% YoY growth in July
Britain’s top hospitality groups achieved year-on-year growth of 1.5% in July 2024, down from June’s rate of 2.9%, according to the latest CGA RSM Hospitality Business Tracker. As July started with the peak of the 2024 Euros, including the quarter, semi-final and final games, Britain’s pubs experienced like-for-like growth of…
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20 August
Today’s news in brief – 20/08/24
Rick Stein’s restaurant group has returned to profit in FY23, despite turnover dropping by 5% to just under £11.9m. The group reported an operating profit of £63k for the year to 31 December 2023, up by 106.2% against the prior year, with all bank borrowing fully repaid. As a result,…
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20 August
Hospitality insolvencies rise 13% in June
The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle with trading costs, according to Buchler Phillips’ Hospitality Index. Overall, the number of hospitality insolvencies rose by 1.41% in the first half of 2024, as some 1,801 accommodation and food…
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20 August
Rick Stein’s restaurant group returns to profit in FY23
Steins Trading Ltd, which operates Rick Stein restaurants, has returned to profit in FY23, despite turnover dropping by 5% to just under £11.9m. In its latest full-year results, the group reported an operating profit of £63k for the year to 31 December 2023, up by 106.2% against the prior year,…
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20 August
Castle Grounds in Coventry reopens following refurb
The Castle Grounds pub in Coventry has reopened following a £109,000 refurbishment. The refurbishment has “transformed” the site into a Craft Union venue, with new branding, refreshed decoration and interior additions such as a brand-new dart board to complement the existing pool table. The pub is also introducing a new…
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20 August
Thomas Kelly joins Espresso House as CEO
Espresso House, the premium café and coffee brand in the Nordics, has announced the appointment of Thomas Kelly as its new group chief executive officer, starting from September 2024. The news comes after Honest Burgers promoted Kelly from CEO to chair within a year’s time. Kelly will remain chair while…
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19 August
Today’s news in brief – 19/08/24
The industry saw its first quarter-on-quarter growth in outlets in two years. It comes as a 0.5% rise in the number of licensed premises between March and June of this year has resulted in 462 net new openings, or five per day. The latest Hospitality Market Monitor has highlighted “particularly”…
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19 August
The Victoria Oxshott appoints executive chef
Surrey-based gastropub, The Victoria Oxshott, has announced the appointment of Daniel Lee as its new executive chef. Lee joins the venue with a wealth of experience, having held senior roles at Seasons Kitchen and Farm Shop, Warbrook House Hotel and Pennyhill Park Hotel. Since officially opening three years ago, The…
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19 August
Hospitality returns to outlet growth in Q2
The hospitality industry has recorded its first quarter-on-quarter growth in outlets in two years, according to the new Hospitality Market Monitor fry CGA by NIQ and AlixPartners. It comes as a 0.5% rise in the number of licensed premises between March and June of this year has resulted in 462…
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