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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Mar- 2024 -25 March
Arc Inspirations raises £7m for UK-wide expansion
Arc Inspirations, the operator of Banyan, BOX and Manahatta, has raised £7m towards an accelerated expansion plan across the UK. The news comes after the hospitality group secured a £4m load from HSBC, alongside a £3m equity boost from shareholders, including BGF, which has backed the group since 2022. Arc…
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22 March
Today’s news in brief – 22/03/23
JD Wetherspoon revenues rose 8.2% to £991m in H1. The pub group said that like-for-like sales were stronger than total sales due to a small number of pub disposals and lease terminations. So far, sales continue to improve. In the last 7 weeks to 17 March, like-for-like sales increased by…
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22 March
July to open in Fitzrovia in April
July, Solynka Dumas and Julian Oschman’s new Alsatian restaurant and wine bar, is set to open on Fitzrovia’s Charlotte Street on 25 April. The restaurant will be open all day, serving breakfast pastries and coffee in the morning, a concise lunchtime offering, and an evening menu featuring bar snacks, seasonal…
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22 March
Wetherspoon profits jump 81% to £67.7m as revenues soar
JD Wetherspoon profits rose 81% to £67.7m as revenues increased 8.2% to £991m during the 26 weeks ended 28 January 2024. Like-for-like sales increased by 9.9% compared to FY23. Like-for-like bar sales increased by 11.6%, food sales by 7.6%, slot/fruit machine sales by 10.5% and hotel rooms by 2.8%. The…
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22 March
Loungers appoints new CFO
Loungers has announced the appointment of Stephen Marshall to the role of chief financial officer and as a director of the hospitality operator, effective 23 April. The news comes as current CFO Gregor Grant will step down from the board in April. However, he will remain with the company to…
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22 March
RedCat appoints new director of F&B and area manager
RedCat Pub Company has announced the appointment of David Peevers as the new director of Food and Beverage, and James Killick as area manager within the operations team, effective from 25 March. Peevers, who takes up a newly-created role at the group, has extensive experience in the hospitality industry, particularly…
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21 March
Today’s news in brief – 21/03/24
Shepherd Neame has reported record revenue growth of 4.3% to £89m in H1 2024. For the 26 weeks ended 23 December 2023, the group also saw its underlying EBITDA increase 5.2% to £12m and its underlying profit before tax grew by 9.9% to £3.8m. Retail like-for-like drink and food sales…
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21 March
Chipotle to open new Tottenham Court Road location
Chipotle Mexican Grill has announced it is opening a new restaurant at 64 Tottenham Court Road in London on 28 March. Chipotle currently has 18 locations in the greater London area and is the only company of its size that owns and operates all of its restaurants in the US,…
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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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