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 -8 March
Spring Budget tells hospitality ‘you are on your own’, says NTIA
The Night Time Industries Association has voiced profound disappointment over the lack of substantial support for the sector in the Spring Budget, characterising the chancellor’s message as ‘you are on your own’. In the wake of the Spring Budget announcement on 6 March, the NTIA has emphasised the dire economic…
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7 March
Today’s news in brief – 07/03/24
Young’s Pubs has acquired City Pub Group for £162m. The deal has added 51 wet-led pubs to the group’s managed trading estate, taking its overall estate to 279. Young’s has also expanded into new markets including Norwich and Cambridge thanks to the deal. UKH Scotland urged the Scottish government to…
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7 March
Young’s acquires City Pub Group for £162m
Young’s Pubs has announced the completion of its acquisition of City Pub Group for £162m. As a result Young’s now adds 51 wet led pubs to its managed trading estate, taking its overall estate to 279. The deal will also see Young’s expand into new markets including Norwich and Cambridge.…
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7 March
Gaucho launches VAT-free Friday lunches
Gaucho has decided to launch VAT-free lunches on Fridays during March in all its ten central London locations. The decision follows the decision for the Chancellor not to abandon the ‘tourist tax’ in the Spring Budget as well as the Mayor of London’s campaign to bring back Friday trading in…
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7 March
The Guinea Grill reopens following expansion
Young’s pub, The Guinea Grill in Mayfair, has reopened its doors following an expansion of the pub to create additional dining space and two new private dining rooms. Located on Bruton Place, the pub has increased its ground-floor dining area by an additional 60 covers, whilst upstairs is now home…
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7 March
UKH Scotland urges govt to use extra £295m for sector support
UKHospitality Scotland has urged the Scottish government to allocate £295m towards supporting the hospitality industry. Calls from UKH to increase the government’s monetary support of the industry comes as Scotland will receive around £295m in additional funding through the Barnett formula. Since the start of the pandemic, Scotland has lost…
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6 March
Today’s news in brief – 06/03/24
The Gentlemen Baristas has been bought out of administration and sold for £785k. The chain previously called in an administrator from Parker Getty Limited back in January, after being “adversely affected” by higher costs of materials as well as the costs of sales and staff. Darwin and Wallace reported a…
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6 March
Chancellor cuts NI by a further 2p as part of Spring Budget
Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…
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6 March
The Gentlemen Baristas bought out of administration
Coffee shop chain The Gentlemen Baristas has been bought out of administration and sold for £785,000. The chain previously called in an administrator from Parker Getty Limited back in January, after being “adversely affected” by higher costs of materials as well as the costs of sales and staff. According to…
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6 March
Brasseria Familia exceeds crowdfunding target for third site
Brasseria Familia has exceeded its target for crowdfunding the opening of its third site, raising £1.2m in the first 48 hours. The company launched the campaign to support the opening of its third site on Brompton Road this May and received 82 investors in the first two days. After the…
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