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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Oct- 2023 -3 October
Greggs Q3 sales up 21% amid store openings and extended trading hours
Greggs has announced that its total sales rose 20.8% for the 13 weeks to 30 September 2023. Alongside this the company-managed shop like-for-like sales were up 14.2% as a result extended trading hours and increased app usage. Evening trade represented 8.8% of company-managed shop sales while 13.1% of company-managed shop…
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3 October
UK F&B M&A activity up 68.2% despite absence of higher market deals
UK Food and Beverage M&A activity has seen a 68.2% increase in the volume of deals (37 transactions) compared with the same period in the prior year, according to Oghma Partners’ Food and Beverage M&A report. Deal value has also increased by 49.1% to c. £400.0m compared with the same…
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3 October
Foodservice price inflation falls for third consecutive month, says CGA
Inflation decreased for a third consecutive month in August but remains above 20% year-on-year, according to the CGA prestige foodservice price index. Price increases have slowed in both foodservice and supermarkets in recent months. However, the rate of easing has been faster in retail, as month-on-month inflation in supermarkets as…
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3 October
Lexington Catering MD joins Elior’s UK leadership team
Leading contract caterer Elior UK has announced the appointment of Matt Wood, the managing director of Lexington Catering, to its UK leadership team. Lexington Catering is Elior UK’s corporate catering specialist, which provides premium catering and hospitality services for organisations and independent schools predominantly in London. Wood said: “It is…
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2 October
Today’s news in brief – 02/10/23
BaxterStorey has secured a nine-year contract extension to provide campus catering services at Birmingham City University (BCU), serving over 30,000 students and staff. The Curzon campus now features Rahina’s Food Fusion, a street food pod inspired by an apprentice commis chef’s Indian and Pakistani heritage. Additionally, a new Student Saver…
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2 October
Brakspear appoints news operations manager to Honeycomb Houses
Brakspear has appointed Marc Rawling as operations manager of its 10-strong managed pubs division, Honeycomb Houses. Rawling will be overseeing four Honeycomb Houses pubs: The Nag’s Head in Abingdon, The Lion in Bicester, The Chequers in Marlow and The Bull on Bell Street in Henley-on-Thames – Brakspear’s first managed pub,…
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2 October
BaxterStorey secures nine-year BCU contract extension
BaxterStorey has secured a nine-year contract extension to deliver campus catering at Birmingham City University (BCU). The company has been BCU’s home of hospitality since 2015, catering to over 30,000 students and staff. The Curzon campus now features Rahina’s Food Fusion, following a major makeover. Run by BaxterStorey’s apprentice commis…
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2 October
UKH calls for no Christmas strikes amid ongoing rail dispute
Hospitality businesses such as Wasabi, Greene King and Fuller’s have signed an open letter alongside UKH to the Transport Secretary, RMT, ASLEF and Rail Delivery Group, urging them to resolve the ongoing disputes to avoid strikes over the Christmas period. It comes as fresh rail strikes, which began on Saturday…
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Sep- 2023 -29 September
Today’s news in brief – 29/09/23
Hostmore has postponed any new restaurant openings until 2025, saving about £15m in cash expenditures due to challenging trading conditions. The company reported improved cost reductions of £8.2m for the 26 weeks ending July 2, benefiting FY23 by £5.8m. H1 2023 delivered negative EBITDA of £3.8m, compared with positive £7.1m…
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29 September
Hospitality vacancies fall by 33% after UKH Workforce Strategy success
Commitments made in UKHospitality’s Workforce Strategy, launched in May 2022, have helped bring down hospitality vacancies by 33% to 57,000 at its peak. In a significant update on the strategy’s progress since its launch, the sector now boasts “record” levels of employment in accommodation and food service with 2.7 million…
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