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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Sep- 2024 -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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17 September
Today’s news in brief – 17/09/24
Pret A Manger’s global sales have hit £1.1bn for the first time in FY23, following its expansion into overseas markets. This comes as the group achieved its medium-term growth target during the period, which was set in 2021. The group aimed to double its size within five years, but instead…
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17 September
Drinks sales drop 12% amid strong comparatives
Average drinks sales in Britain’s managed venues dropped by 12% year-on-year in the week ended Saturday 7 September. It is one of the biggest gaps in sales of 2024 so far, with trading down all seven days and is the result of difficult comparatives against September 2023. In the same…
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17 September
Arc Inspirations FY turnover rises 16.2% to £47.4m
Leeds-based hospitality group Arc Inspirations, which operates Box and Manahatta, has reported a 16.2% rise in turnover to £47.4m for the year to March. The group also revealed that EBITDA for the year rose by 37.1% to £5.3m, with average site EBITDA up by 22% to more than £550k per…
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