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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Mar- 2024 -21 March
Shepherd Neame revenues surge to £89.0m in H1 2024
Shepherd Neame, Britain’s oldest brewer and owner and operator of 296 pubs in Kent and the Southeast has reported a record revenue growth of 4.3% to £89.0m in H1 2024. For the 26 weeks ended 23 December 2023, the group also saw its underlying EBITDA increase 5.2% to £12.0m and…
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21 March
KERB welcomes most profitable year as sales exceed £23.5m
Hospitality business KERB has announced its most profitable year at its annual member summit last week, as gross sales surpassed £23.5m in 2023 across a membership base of 150 traders. This comes as KERB bounced back from the pandemic, delivering almost 1,800 market trading days, almost 500 event opportunities, and…
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21 March
Delivery sales at restaurant groups rise 8% in February
The UK’s top managed restaurant group saw year-on-year growth of 8% in delivery sales during February, according to CGA by NIQ’s new Hospitality at Home Tracker. The increase, which has beaten inflation, means groups have generated growth in at-home sales for nine months in a row. However, the value of…
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20 March
Today’s news in brief – 20/03/24
Soho House revenues for FY23 have risen 16.8% YoY to $1.1bn (£870m). During the year, membership revenues rose 32.5% to $361.5m (£284.7m), accounting for 31.8% of total revenues. According to Soho House, its membership waitlist currently sits at approximately 99,000, an “all-time high” total revenues of $290.8m (£229.05m) that shows…
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20 March
Helwith Bridge Inn sold for undisclosed amount
The Helwith Bridge Inn in Yorkshire has been sold to new owners for an undisclosed sum. The property is situated at the foot of Pen Y Ghent, which is the starting point of the Yorkshire Three Peaks Challenge thought to make the pub an ideal stop-off for both locals and…
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20 March
NTIA and Institute of Hospitality confirm strategic partnership
The Institute of Hospitality has announced its partnership with the Night Time Industries Association (NTIA), with the aim that the collaboration will assist both member organisations in better supporting their members on key industry issues. The organisations said the tie up comes with the hospitality profession “still under economic pressure,…
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20 March
Greene King achieves Best Bar None nationwide accreditation
Pub company and brewer Greene King has become the first hospitality business to achieve the nationwide Best Bar None accreditation. Best Bar None is recognised within the hospitality industry for identifying well-run licensed premises and the multi-site accreditation scheme is a new venture for Best Bar None, designed to complement…
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20 March
Soho House revenues hit $1.1bn in FY23
Soho House has reported that total revenues increased 16.8% year-over-year to $1.1bn (£870m) for the year ended 31 December 2023. During the year, membership revenues rose 32.5% to $361.5m (£284.7m), accounting for 31.8% of total revenues. Meanwhile, in-house revenues grew to $482.1m (£379.7m), spelling a 13% year-over-year rise. In addition,…
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19 March
Today’s news in brief – 19/03/24
Prezzo has reported a return to profitability following a strategic review of the business in April 2023, which saw it close almost a third of its restaurants. In the year ended 1 January 2023, the Italian casual dining group’s revenues also rose to £135m from £95m following an increase in…
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19 March
Government to fully fund small business apprenticeships
The Government has announced that it is set to fully fund apprenticeships in small businesses from 1 April by paying the full cost of training for anyone up to the age of 21. Furthermore, large employers who pay the apprenticeship levy will now be able to transfer half of their…
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