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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Sep- 2023 -25 September
Today’s news in brief – 25/09/23
The City Pub Group reported a 14% increase in like-for-like sales to £31.7m in the first half of 2023, up from £26.1m in the same period in 2022. Despite inflationary pressures, the pub operator’s adjusted EBITDA remained steady at £3.3m, slightly below the £3.4m reported in H1 2022. The company…
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25 September
Night time economy loses £3.5bn to strikes
The night time economy has lost out on £3.5bn as a result of strikes by members of the RMT and ASLEF according to the Night Time Industries Association (NTIA). Alongside this, the NTIA believes that these losses could double if the industrial action continues into the festive season. The news…
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25 September
Franco Manca and The Real Greek partners with Just Eat
Just Eat has announced a new delivery partnership with Franco Manca and The Real Greek, offering nationwide delivery across the UK. Following a rapid rollout, all 94 Franco Manca and The Real Greek restaurants now offer delivery through Just Eat. According to Just Eat, a wide selection of the restaurants’…
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25 September
UK year-on-year drinks sales keep growing, CGA finds
UK drinks sales last week were ahead of 2022 levels for the fifth week in a row despite the September heatwave coming to an end, according to CGA by NIQ’s Daily Drinks Tracker. Average sales in managed venues in the week to Saturday (16 September) were 7% ahead of the…
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25 September
City Pub Group sales up 14% in H1
The City Pub Group has revealed that like-for-like sales increased 14% to £31.7m in H1, up from £26.1m in H1 2022, the half-year ended 25 June 2023. Despite inflationary pressures, the pub operator’s adjusted EBITDA level was maintained at £3.3m, slightly lower than H1 2022’s total of £3.4m, while adjusted…
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22 September
Today’s news in brief – 22/09/23
Comptoir Libanais reported revenues of £14.8m for the six months ending 2 July, a 2.1% increase. However, adjusted EBITDA profits were down 73.7% from 2022 levels to £1m due to challenges in the trading environment. Like-for-like sales increased by 6%, with dine-in sales growing by 8.1%. Delivery sales declined in…
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22 September
JD Wetherspoon puts new pubs up for sale
JD Wetherspoon has confirmed that it has put a further 11 pubs across England and Wales up for sale. CBRE and Savills have both been appointed to oversee the sales of the pubs which are mainly freehold properties with one leasehold property. The company has confirmed that all the pubs…
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22 September
Yolk raises capital for London expansion
Fine fast food business Yolk is raising capital through private equity firm Growthdeck as it targets expansion across London. The five-site independent offers sandwiches, baked goods and specialty coffee without charging consumers a premium price tag. Yolk said that the brand aims to offer a “revolutionary improvement” in Londoners’ grab-and-go…
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22 September
Hydes Brewery appoints head chef of The Harry Beswick
Hydes Brewery has announced the appointment of Michaela Shaw as its new head chef for The Harry Beswick, the premium dining pub due to open this autumn in Heswall. Shaw, who has worked in hospitality for over a decade and was previously at The Hornsmill in Helsby, will be responsible…
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22 September
Comptoir Libanais profits dip amid difficult trading conditions
Comptoir Group, owner of Lebanese and Middle Eastern restaurants, has announced revenues of £14.8m, an increase of 2.1%, for the six months ended on 2 July. Adjusted EBITDA profit was £1m, a decrease of 73.7% compared to 2022, which the group attributes to “a challenging trading environment” dictated by the…
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