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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Jun- 2024 -24 June
Stonegate revenues hit £916m in H1
Stonegate group’s revenues reached £916m in the 28 weeks ended 7 April 2024. Adjusted H1 EBITDA for the group was up 7.7% to £196m, compared to £182m for the same period in 2023, with a particularly strong performance from L&T and operator-led businesses. During the period, the leased and tenanted…
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24 June
Red Engine opens Electric Shuffle Manchester
Red Engine has opened the doors to its latest Electric Shuffle venue in Manchester’s Deansgate. Electric Shuffle Manchester is the second bar from Red Engine to hit the city, following the opening of Flight Club back in 2018. The latest launch from Red Engine creates 75 new job opportunities in…
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24 June
Market Halls FY revenues jump 155% to £22m
Food hall operator Market Halls has reported a “remarkable” 155% rise in revenues to £22m in the 12-month period to July 2023, which will set the stage for its plans to open more food halls across the country. At the same time, the Gees Court-backed company has secured a prime…
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24 June
Young’s Pubs profits and revenues surge
Young’s Pubs has revealed its profit-before-tax has increased 9.3% to £49.4m as its revenues increased 7.4% to £388.8m on a comparable 52-week basis and 3.4% on a like-for-like basis in 2023. The pub group’s adjusted EBITDA also increased 7.8% to £92.2m and its managed house adjusted EBITDA for the period…
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21 June
Today’s news in brief – 21/06/24
The NTIA has asked the new government to appoint a NTE minister to “safeguard the future of nightlife”. This comes as the night time economy is struggling to meet global standards due to a lack of dedicated representation and leadership. Such a move would restore confidence within the sector, demonstrating…
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21 June
Noble Restaurants Group appoints new culinary director
Noble Restaurants Group has recently announced the appointment of Jeremy Brown as its new culinary director. With a career spanning over three decades, Brown brings a “wealth” of culinary expertise and leadership to his new role. He will oversee culinary operations across three key elements of Noble Restaurants Group’s portfolio:…
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21 June
Alley Cats to open new Chelsea venue
Alley Cats has announced the opening of its second location on King’s Road in Chelsea at the beginning of August. This new site will be part of the Sloane Stanely estate on the King’s Road, building on the success of its first Marylebone site. The restaurant will be led by…
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21 June
NTIA urges new govt to appoint night time economy minister
The NTIA has called on the incoming government to appoint a night time economy (NTE) minister to “safeguard the future of nightlife”. This comes as the night time economy is struggling to meet global standards, the trade body has said, due to a lack of dedicated representation and leadership. While…
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21 June
Be At One Nottingham to reopen following £350k refurb
Cocktail bar Be At One Nottingham is set to reopen on 5 July 2024 following an extensive £350,000 refurbishment. Closed since 10 June 2024, Be At One Nottingham which offers ice-throwing, light swinging, and napkin-tossing antics — will feature a ‘chef’s table’ style bar, a selfie booth, an infinity mirror…
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20 June
Today’s news in brief – 20/06/24
Popeyes UK will open its 50th site in Glasgow and has revealed it is on track to deliver the growth it projected in January – doubling the size of its UK estate this year. Popeyes entered the UK market back in November 2021 and has since seen success with 49…
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