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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Nov- 2023 -30 November
Today’s news in brief – 30/11/23
Mitchells and Butlers reported a drop in operating profits to £98m for the year ended 30 September due to weaker property valuations and increased costs, including higher wages. Sales, however, rose to £2.5bn, marking a 9.1% like-for-like growth. The group noted a 7.2% rise in like-for-like sales at the start…
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30 November
Knoops to double in size following £8.3m fundraising
Knoops, the chocolate cafe, has announced plans to more than double in size in 2024 following a £8.3m fundraising which leaves the business debt-free and positioned for higher profits next year. The fundraising, led by a £5.5m investment from the London-based retail and property group Morleys Stores Limited, allows Knoops…
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30 November
Bavette to open in Leeds in February
Neighbourhood bistro Bavette is set to open in Horsforth, Leeds in February next year. Bavette is the first venture from ex-Culpeper Group MD and head chef Sandy Jarvis and his husband, restaurant manager and sommelier Clément Cousin, formerly of Brawn and The Buxton. The seasonally led bistro menu will feature…
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30 November
Pizza Punks appoints FRP to assist with 2024 expansion plans
Pizza Punks has appointed FRP Corporate Finance to assist the chain in raising capital, as it looks to speed up its expansion plans during 2024. The firm’s appointment comes as the pizza chain has spent the past six months consolidating after opening four new restaurants last year in Leicester, Nottingham,…
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30 November
Mitchells and Butlers sees profits dip to £98m in FY 2023
Restaurant group Mitchells and Butlers has revealed that its operating profits dropped from £124m to £98m for the 53 weeks ending 30 September, driven by weaker property valuations and increased costs, which also included higher wage bills. However, the group’s sales increased to £2.5bn, up from £2.2bn last year, with…
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30 November
Today’s news in brief – 29/11/23
Live music could bring in up to £2.4bn for the hospitality industry, according to CGA. According to analysis of 1,000 artists and 500 venues, the Live Music Index noted that individual pubs and bars could see a yearly sales hike averaging £107k by providing a stage for musicians. With 73%…
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29 November
Los Mochis to open new London site in Spring 2024
Los Mochis has announced that it is set to open its flagship rooftop restaurant Los Mochis London City in Spring 2024. The new 14,000 sq. ft restaurant, designed by OV and Co from Los Angeles, will sprawl across the 9th floor rooftop of 100 Liverpool Street’s Broadgate. It will include…
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29 November
Live gigging could deliver £2.4bn boost to hospitality, CGA says
Live music could be worth up to £2.4bn in revenue for the hospitality sector, a new nationwide survey conducted by the CGA by NIQ found. The Live Music Index, which was based on more than 1,000 artists and over 500 venues, revealed that by creating a stage for musicians to…
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29 November
Michelin-trained chef opens new Bow Lane restaurant
Michelin-trained chef Edward Boarland along with business partner Dee Reid have launched a new concept restaurant, wine bar and florist at 12 Bow Lane in London, called Stem and Stem. Boarland, who trained under Alain Roux, Clare Smyth, Gordon Ramsay and Simone Zanoni, will continue in his role as executive…
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28 November
Today’s news in brief – 28/11/23
Shareholders backed TRG’s £506m sale to Apollo Global, privatising the company that operates Wagamama among others. Each share’s value of 65p signifies an enterprise worth of £701m. TRG’s strategies led to two earnings upgrades and £5m in cost savings, aligning with Apollo’s belief in TRG’s market prominence. Apollo’s reassurances about…
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