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 -19 March
Pan-Asian restaurant UBA to open in April in London
The team behind Soho’s Sucre and the recently opened CLAP London has announced a new Pan-Asian dining concept in Shoreditch with the upcoming opening of UBA. Set to open on 2 April, the 275 sqm space is located on Great Eastern Street and forms part of the Hart Shoreditch Hotel.…
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19 March
Prezzo returns to profitability following strategic review
Prezzo has revealed that revenues rose to £135m from £95m in the year ended 1 January 2023, following an increase in menu prices and a focus on efficiency. As a result, the Italian casual dining group’s profit margin also saw an uptick from 31.2% to 35%. However, macroeconomic challenges during…
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19 March
Six Nations Super Saturday provided pubs with 23% boost
Spending at pubs increased 23% year-on-year this Super Saturday, as the final round of the Six Nations saw Ireland taking home the title for the second year in a row, according to the new Barclays Consumer Spend data. In addition to the year-on-year growth, the volume of transactions at pubs…
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18 March
Today’s news in brief – 18/03/24
Nightcap revenues grew 42.1% to £33.4m in H1 ended 31 December 2023. The bar group has attributed its performance to the acquisition of Dirty Martini and the successful collaboration with The Piano Works over the Christmas period. As of December 2023, the group had cash of £3.1m and total bank…
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18 March
Drinks sales spring back to year-on-year growth
Drinks sales in the UK jumped 5% in the week ended 9 March following tough trading conditions in January and largely flat sales in February. Sales were up year-on-year on six of the seven days of the week, helped by big sporting events like the Manchester Derby in the Premier…
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18 March
Nightcap revenues rise 42.1% to £33.4m in H1
Nightcap has reported that revenues grew 42.1% to £33.4m in the interim 26-week period ended 31 December 2023. The bar group has attributed its performance to the acquisition of Dirty Martini, the successful collaboration with The Piano Works over the Christmas period, and the maturing of sites opened in the…
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18 March
Bistro restaurant Josephine opens in London
Josephine, a new French bistro concept by Michelin-starred Claude Bosi and Lucy Bosi, has officially opened at 315 Fulham Road in London. The restaurant has opened a 2,633 sq ft space on the corner of Fulham Road, marking an addition to the Sloane Stanley Estate and complementing the wider F&B…
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18 March
Compass Group Foundation surpasses £1m in charitable funding
Compass Group’s independent charitable foundation, the Compass Group Foundation has exceeded £1m in grant funding and charitable donations since its launch just over one year ago. The foundation, which is an independent charity registered with the Charity Commission in England and Wales, provides grants to non-profit organisations in countries where…
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15 March
Today’s news in brief – 15/03/24
Incipio Group has named Ian Edward as its new chairman, having joined the board as non-executive director in 2022. Having co-founded Hippo Inns, he has also advised and invested in leisure businesses for over 30 years. Edward is currently on the board of Pizza Pilgrims and is an investor in…
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15 March
Farnham pub Bat and Ball up for sale
The Bat and Ball pub and restaurant in Farnham, Surrey has been put up for sale for £1.2m. The venue has total seating for approximately 112 persons, the two section bar area has room for 66 seating while the restaurant/dining area has 46 covers. The outside has space for around…
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