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.
-
May- 2024 -7 May
Bryn Williams to launch landmark restaurant with North Wales’ Theatr Clwyd
North Wales venue Theatr Clwyd has announced that Denbigh-raised chef Bryn Williams will launch a landmark restaurant in partnership with the venue. Williams, a Michelin award-winning chef and restaurateur, is regarded as “one of the UK’s best chefs”. His restaurants have included Odette’s in London, Colwyn Bay’s Porth Eirias, a…
Read More » -
7 May
Drinks sales dip in ‘soggy’ end to April
Drinks sales in managed venues for the week to last Saturday (27 April) saw a “disappointing” end to April after generally solid trading over the spring, according to data from CGA Strategy. Although daily sales were up by 11% year-on-year on Sunday (21 April), thanks to a strong round of…
Read More » -
7 May
Hydes reopens Boughton’s The Mount Inn following refurb
Hydes Brewery has reopened The Mount Inn in Boughton, Chester, following a full exterior and interior refurbishment. This latest refurbishment project forms part of an ongoing £10m investment programme across the Hydes’ estate over the next few years. Opened in time for the forthcoming summer of sport, including the Euros…
Read More » -
3 May
Today’s news in brief – 03/05/24
Yum! Brands reported a 3% decline in revenue to $1.5bn (£1.1bn) for Q1. Operating profit for the group also declined by 1% to $520m (£414m), while core operating profit grew 6%. KFC revenues declined by 8% to $632m (£503m), while sales for the division declined 4% to $105m (£83m). Nightcap…
Read More » -
3 May
The Royal Oak pub in Durham up for sale
The Royal Oak pub in North West Durham has been put up for sale with a freehold price of £370,000. The pub is a traditional country style free of tie pub with a large beer garden area, dining area, and drinks space. The main trading area comprises a bar and…
Read More » -
3 May
Yum! Brands revenues dip 3% to $1.5bn in Q1
Yum! Brands, which operates KFC, Taco Bell and Pizza Hut, reported a 3% decline in revenue to $1.5bn (£1.1bn) for the first quarter ended 31 March. Operating profit for the group also declined by 1% to $520m (£414m), while core operating profit grew 6%. KFC revenues declined by 8% to…
Read More » -
3 May
Deliveroo, Just Eat and UberEats commit to prevent illegal workers
Deliveroo, Just Eat and Uber Eats are taking significant steps to protect the British public’s safety by preventing exploitation of account sharing by those looking to work. Michael Tomlinson, the minister for Countering Illegal Migration, and minister Hollinrake, the minister for Business and Trade, met with representatives from the three…
Read More » -
3 May
Nightcap quells Revolution Bars acquisition rumours
Nightcap has released a response to speculation that it is planning to acquire Revolution Bars Group, following its documented struggles with debt. Early in April, Revolution Bars suspended trading of its shares on AIM after it failed to publish its yearly fiscal results. Rob Pitcher, the CEO of Revolution Bars,…
Read More » -
2 May
Today’s news in brief – 02/05/24
Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during Q2. The group’s global sales also declined 4% during the period, with North America and US comparable store sales declining 3%, while international sales declining 6%. Net revenues for the International segment declined 5% in Q2 FY24, primarily driven by an…
Read More » -
2 May
Ikoyi launches first takeaway menu with Uber Eats
Two Michelin-starred restaurant Ikoyi has announced the launch of its first takeaway menu alongside Uber Eats. The menu is priced at £60 for all five courses and will feature Ikoyi’s original Jollof Rice. It also includes a green slaw and crispy fried chicken with the Ikoyi classic combo of scotch…
Read More »
