News
The News section on Catering Today delivers the latest updates and developments across the UK hospitality and catering industry. Covering restaurants, pubs, quick service brands, and catering groups, it reports on company announcements, market performance, government policy, and sector-wide trends. With a focus on commercial and operational impact, Catering Today’s news coverage keeps hospitality professionals informed of the events and decisions shaping business conditions and strategic opportunities across the sector.
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May- 2024 -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…
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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…
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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,…
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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…
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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…
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2 May
Starbucks revenues dip 2% to $8.6bn in Q2
Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during the 13 weeks ended 31 March. 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 North America segment of $6.4bn (£5.1bn)…
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2 May
Rarebreed Dining appoints Savills on strategic business and real estate review
Rarebreed Dining has appointed international real estate advisor Savills to assist with a strategic review of the business and its property assets as it gears up to consider options. The steak focussed pub company currently operates from The Plough Inn, Cobham (leasehold), The Shurlock Inn, Twyford (freehold) and The Waverley…
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2 May
Domino’s Q1 in line with expectations despite ‘slow’ January
Domino’s has revealed in a trading update that Q1 performance is in line with expectations, as it experienced positive like-for-like sales and total orders across February and March after a “slow” January. While like-for-like sales are down 0.5% on the same period last year, Domino’s Q1 like-for-like sales increased 8.4%…
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1 May
Today’s news in brief – 01/05/24
Compass Group UK&I has acquired CH&CO, which will see the catering company’s portfolio of brands – including Gather and Gather, Vacherin and Company of Cooks – join Compass’ group of companies. CH&CO has operations covering workplace catering, events, venues, visitor attractions, stadiums, education, healthcare and hospitality. Greene King will invest…
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1 May
Compass Group completes CH&CO acquisition
Compass Group UK and Ireland has announced that it has completed the deal to acquire catering company, CH&CO. The acquisition sees CH&CO’s portfolio of brands, which include Gather and Gather, Vacherin and Company of Cooks, join Compass’ group of companies, resulting in a broad client proposition. CH&CO has operations covering…
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