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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May- 2024 -15 May
Hospitality vacancies remain above pre-pandemic levels
Hospitality vacancies remain “stubbornly” above pre-pandemic levels with little positive movement in five months, the ONS has revealed. According to the latest statistics published yesterday (14 May), there were 107,000 vacancies in hospitality in the quarter to April 2024. This is 15% higher than pre-pandemic levels of 93,000. UKhospitality argues…
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15 May
Hospitality leaders remain cautious amid rise in revenues
Britain’s hospitality leaders remain cautious amid tentative signs of improved consumer spending and relief on some costs, CGA by NIQ’s latest Business Confidence Survey reveals. The exclusive poll revealed that 34% of leaders feel confident about prospects for the hospitality market over the next 12 months—down by seven percentage points…
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14 May
Today’s news in brief – 14/05/24
Marstons reported a £0.8m underlying loss before tax during H1. However, the group’s revenues increased 5.2% to £428.1m, with good momentum across food and drink sales. The pub group also recorded a 22% increase in underlying pub operating profit to £52.7m, with profit margin increasing from 10.6% to 12.3%. Various…
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14 May
Pizza Pilgrims to open in Euston
Pizza Pilgrims has announced that it is set to open a new venue in Euston, London in June. The new site will be situated near London Euston station and will officially open on Monday 10 June. This new pizzeria will seat 72 inside, and will also feature a large outdoor…
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14 May
Marston’s reports £0.8m loss in H1 2024
British pub operator Marston’s has reported a £0.8m underlying loss before tax for the six-month period ending 30 March 2024. However, the group’s revenues increased 5.2% to £428.1m (H1 FY2023: £407.0m), with good momentum across food and drink sales and like-for-like sales up 7.3%, outperforming the broader market. The pub…
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14 May
Various Eateries sales jump 10.2% to £22.7m in H1
Various Eateries’ sales increased 10.2% to £22.7m during the 26-week period ending 31 March 2024. Group like-for-like sales were marginally down, against a backdrop of one of the wettest winters since records began and with the company maintaining its strategy of absorbing most price increases. While this strategy puts temporary…
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14 May
Greggs sales rise 7.4% to £693m in Q1
Greggs has reported that like-for-like sales rose 7.4% to £693m during the first 19 weeks of 2024, as it remains on track to open between 140 and 160 stores for the full year. The group also progressed its strategic growth plan, with delivery sales, evening trade and increased participation in…
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13 May
Today’s news in brief – 13/05/24
Pizza Pilgrims plans to expand into Scotland and Wales as revenues hit “record” £28.7m during the year ended 25 June 2023. The pizza chain has also revealed that pre-tax profit more than doubled to £700k and EBITDA before exceptional items was £2.4m – up from £1.1m in 2022. A further…
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13 May
Sotto Cucina and Bar to open this month
Sotto Cucina and Bar, a contemporary Sicilian kitchen and bar in London’s Whitechapel, is set to open on 14 May. The venue will be housed at Hyatt Place London City East focusing on contemporary Sicilian dishes. Led by Sicilian executive chef Alfio Laudani, the menu will marry Sicilian influences with…
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13 May
Robinsons Brewery revamps the Farmers Arms pub
Robinsons Brewery has revealed a brand new look of the Farmers Arms in Poynton following a transfer of the pub into their Managed House collection towards the end of last year. The Cheshire pub has received a glow-up boasting a new modern mid-century design scheme throughout the pub. The Robinsons…
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