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 -18 October
Today’s news in brief – 18/10/23
Just Eat has increased its full-year guidance following a return to sales growth in Q3. Gross transaction value in Northern Europe and UK&I grew by 6% and 4%, respectively. However, North America saw a slower trajectory with an 18% decrease in GTV.In response to the overall GTV growth, Just Eat…
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18 October
Just Eat ups guidance as it returns to growth in Q3
Just Eat has raised its full-year guidance after returning to sales growth in its third quarter of trading. Over the period, gross transaction value (GTV) growth in Northern Europe and UK and Ireland increased to 6% and 4%, respectively. However, its North America business faced a “slower trajectory”, with GTV…
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18 October
HOSPA announces line-up ahead of annual industry conference
HOSPA, the Hospitality Professionals Association, has announced the line-up of industry experts ahead of its annual HOSPACE conference in November. Taking place at Royal Lancaster London on 16 November, HOSPA will play host to an array of discussions and insightful workshops addressing a range of topics, such as the rapid…
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18 October
Reservation no-shows double in past year, CGA finds
The number of consumers not showing up for their reservations in pubs, bars and restaurants has doubled since September last year, according to the latest research from Zonal and CGA by NIQ. Some 12% of consumers are still not honouring their reservations and not informing venues in advance that they…
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18 October
Market Place Vauxhall adds three new vendors
Market Place, the indoor street food restaurant and bar brand, has added three new independent food traders to its Vauxhall site. The introduction of the new traders comes off the back of a successful year for the Vauxhall street food venue which celebrated its first anniversary earlier this year. Sushi…
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17 October
Today’s news in brief – 17/10/23
Revolution Bars Group reported a pre-tax loss of £22.2m in FY23, despite achieving revenues of £152.6m due to challenging times. The acquisition of Peach Pubs, with 14.1% like-for-like sales growth, provided diversification but couldn’t offset an 8.7% decline in like-for-like sales for the entire group. EBITDA fell to £17m, compared…
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17 October
Buzzworks launches in-house SQA training centre
Buzzworks Holdings has launched its own in-house Scottish Qualifications Authority (SQA) accredited training centre, to train the next generation of hospitality professionals. The new training centre will be led by the company’s learning and development manager, Holli Gordon, supported by chef Trainer, Neil Clark, and bar trainer, Gavin Goslan, to…
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17 October
Revolution Bars falls to £22.2m loss amid challenging trading
Revolution Bars Group, a leading UK operator of 67 premium bars and 22 gastro pubs, has reported a £22.2m loss before tax in FY23, despite revenues hitting £152.6m, as it faced “very challenging times”. Peach Pubs, which was acquired by the business in October 2022, delivered 14.1% LFL sales in…
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17 October
Six by Nico to open 13th location in Birmingham
The six-course dining experience, Six by Nico, will be opening in Birmingham at 81 Colmore Row on 30 November – its 13th location across the UK and Ireland. The venue will accommodate approximately 72 guests, and will create 60 new jobs for the area. Founded by chef Nico Simeone, Six…
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16 October
Today’s news in brief – 16/10/23
Loungers reported H1 total revenues of £149.6m, marking a 22.3% increase from the previous year. They achieved one-year like-for-like sales growth of 7.7% over the 24 weeks ending 1 October, showing an acceleration from the 5.7% growth reported for the 12 weeks ending 9 July. The company opened 16 new…
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