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 -17 May
Today’s news in brief – 17/05/24
Joe and the Juice reported a 42% revenue rise to £275.9m for 2023. For the first time in several years, the group also saw a positive operating profit, which reached £20.4m. The increase in operating profit was primarily driven by a continued focus on profitability and on the opening of…
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17 May
Wetherspoon to invest £5m in Mile Castle redevelopment
JD Wetherspoon has announced that it is set to invest £5m in the redevelopment of its Mile Castle pub in Newcastle. The pub will undergo a full internal refurbishment, to include decoration, new carpet, upgraded lighting, extending the bar on the third floor and creating a new cellar. As part…
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17 May
Joe and The Juice revenues jump 42% to £275.9m
Joe and The juice reported a 42% revenue increase to DKK 2.4bn (£275.9m) for the financial year 2023. For the first time in several years, the group also saw a positive operating profit (EBIT) which reached DKK 178m (£20.4m) compared to DKK -47m (-£5.4m)in 2022. The increase in operating profit…
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17 May
Elior secures three-year contract at Whitaker Museum and Art Gallery
Contract caterer Elior has secured a new three-year contract providing a variety of café, restaurant, kiosk, event and meeting catering services at The Whitaker Museum and Art Gallery (The Whitaker) in Rossendale. Elior was appointed for this contract because of its “creativity and innovative plans” to develop educational food offerings…
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17 May
RedCat Pub Company appoints new group property director
RedCat Pub Company has announced the appointment of David Roberts as its new group property director, effective from the start of June. He replaces Kamran Aziz who will be entering planned retirement, officially leaving the business at the end of June after an “orderly” handover. Aziz was part of the…
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16 May
Today’s news in brief – 16/05/24
Compass Group raised its 2024 profit guidance as revenues rose 11.2% during H1. The group also reported an 18.7% rise in underlying operating profit to £1.16bn. Moreover, it spent £294.3m on M&A, including the acquisition of Hofmann in Germany and CH&CO in the UK and Ireland completed, the latter being…
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16 May
Hexham pub comes to market for £600,000
The Heart of Northumberland pub, located in the centre of Hexham in Northumberland, is up for sale for £595,000. The pub reopened in 2015 following a major renovation and refurbishment after being closed for years. The ground floor is subdivided into two main trade areas, the front bar seats 34…
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16 May
Domino’s appoints non-exec director
Domino’s Pizza Group has recently announced the appointment of Mitesh Patel as an independent non-executive director, with effect from 1 June. Patel will be a member of the board’s nomination and governance committee. He is the co-founder of Lenstore, an online contact lens business which in 2013 he sold to…
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16 May
Contract caterers’ Q1 sales rise 7% despite drop in units served
Top contract caterers across the country experienced strong like-for-like sales growth of 7% for the first quarter of 2024 despite seeing a drop in the number of outlets they serve, CGA’s Contract Catering Tracker has revealed. While this shows the sector’s continued recovery from the pandemic, with this being the…
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16 May
Compass raises profit and revenue guidance amid strong HY
Foodservice company Compass Group has raised its 2024 profit guidance towards 15% with organic revenue growth of 10% as the group reported an 11.2% increase in revenues to $20.9bn (£16.5bn) during H124. The group also reported an 18.7% rise in underlying operating profit to $1.47bn (£1.16bn). Additionally, its underlying profit…
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