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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Nov- 2023 -22 November
Chancellor extends business rates relief for hospitality
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. As part of the new measures, Hunt revealed that National Insurance will be cut from…
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22 November
UKH criticises 10% rise in NLW amid business rates row
UKH has criticised the government’s latest announcement that the National Living Wage will rise 10% and 28p more than originally planned, saying that this increase will have a “knock-on” effect on businesses already struggling with costs. Yesterday, the government announced that the NLW will increase to £11.44 from April 2024,…
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22 November
Confidence in hospitality sector climbs again
Nearly half (49%) of hospitality business leaders feel confident about the hospitality market over the next 12 months, up by four percentage points from August’s figure of 45%. Only 5% of leaders say their business is currently at risk of failure, down from 11% last quarter. The number feeling pessimistic…
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22 November
Sides to open first Manchester site
Sides, the chicken restaurant created by the YouTube group, The Sidemen, is set to open its first outlet in Manchester. The group, which offers a range of chicken dishes with a choice of seven sauces, has agreed to take a 1,222 sq ft unit at Manchester Arndale on a 10-year…
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21 November
Today’s news in brief – 21/11/23
The NTIA warned that one-fifth of night-time businesses might collapse by January without government support. Over 70% are barely breaking even or running at a loss. Independent businesses make up over half, with 95% calling for a VAT cut and 78% urging an extension of pandemic-era business rates relief. Michael…
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21 November
The Upper Place welcomes The Boil Club and Pad Thai Café
The Upper Place, the food market based in Holloway, London, has added two new vendors – The Boil Club and Pad Thai Café – to its offering. The Boil Club specialises in jumbo seafood boil bags: customers can enjoy a wide selection of seafood with the “Pick ’N’ Mix” style…
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21 November
One fifth of night time businesses face collapse, NTIA warns
One fifth of night time economy businesses face collapse before January without government support in the Autumn Statement, according to the Night Time Industries Association (NTIA). Almost three quarters (72%) of businesses stated that they were barely breaking even or making a loss. Over half (55%) of the businesses polled…
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21 November
Liberation Group adds Pubs MD to its board
Liberation Group has announced the appointment of Jayson Perfect, the company’s managing director of pubs, to its board of directors. Perfect first joined the group in 2017 as the managing director of UK managed pubs, before progressing his role to encompass firstly the Channel Islands followed by the tenanted division…
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21 November
Bodega and Ballers Pizza to open at Cardiff’s Lakeside
Two family-owned restaurants Bodega and Ballers Pizza are set to open their doors at Lakeside, Cardiff on 1 December. Situated side by side, both businesses are owned and operated by Sophie Pascoe and Benito Martinez; the couple who also operates The Priory hotel and restaurant in Caerleon. Bodega, seen within…
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20 November
Today’s news in brief – 20/11/23
Compass Group saw a 26.1% rise in operating profit, reaching £1.89bn for the year ending 30 September 2023. The group’s European arm saw a 31.5% profit increase to £392m, backed by robust margin growth and new business in diverse sectors. CEO Dominic Blakemore highlighted sustained growth expectations, with high single-digit…
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