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 -9 November
Admiral Taverns EBITDA hits £55.8m in H1
Admiral Taverns has reported an EBITDA of £55.8m reflecting robust growth across the first half of FY23 which ended on 28 May. The group admitted that the second half of the year was impacted by a faltering economy, inflationary pressure and the energy crisis. Turnover reached £182m, compared to £154.3m…
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9 November
Domino’s backs guidance as sales rise 3.7% in Q3
Domino’s expects FY23 underlying EBITDA to be in the range of £132m to £138m, as like-for-like group sales increased 3.7% during Q3 and the pizza chain had a “good” start to Q4. Across the entire group, Q3 sales increased 5.5%, which the company has attributed to its acceleration in new…
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8 November
Today’s news in brief – 08/11/23
J D Wetherspoon has reported a 9.5% like-for-like sales growth for the 14 weeks ended 5 November. During this period, bar sales increased by 10.7%, food by 8.2%, and slot machines by 10%. The group’s hotel room sales also saw a 6.2% increase. In the year to date, total sales…
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8 November
Number of London restaurants charging £150+ a head nearly doubles
The number of restaurants in London charging £150 per head or more per person for a meal has risen 46% to 54 up from 37 last year, according to data from Harden’s London Restaurants 2024 guide. There has also been a 59% jump in the number of London restaurants charging…
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8 November
Wetherspoon sales rise 9.5% in Q1
J D Wetherspoon has reported a LFL sales growth of 9.5% for the 14 weeks ended 5 November. Bar sales increased by 10.7%, food by 8.2% and slot machines by 10%. Hotel room sales for the group also increased by 6.2%. Total sales have increased by 8.1% in the year…
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8 November
Young’s Smiths of Smithfields appoints new head chef
Young’s-owned pub Smiths of Smithfield has appointed Tim Dela Cruz as its new head chef. Smiths of Smithfield stretches across four-floors with an all-day bar, first-floor private rooms and rooftop terrace, with a dedicated restaurant on the second floor serving prime-cuts of meat and locally sourced produce. With a wealth…
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8 November
UKH urges govt to protect industry following King’s Speech
UKHospitality has urged the government to ensure there are measures in place to protect hospitality businesses from the effects of the cost-of-living crisis, following the King’s Speech yesterday (7 November). The bills outlined by the King included the carryover of the Digital Markets, Competition and Consumers Bills, which aims to…
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7 November
Today’s news in brief – 07/11/23
Oakman Inns reported an EBITDA drop from £11m to £9.8m for the year ended June 2023 due to the impact of inflation. Despite this, the group’s sales were 8% higher than the previous year, totaling just under £70m, as like-for-like sales for the core Oakman Inns business increased by 4.1%.…
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7 November
Pizza Express owner decides againt The Restaurant Group bid
Pizza Express owner, Wheel Topco, will not make a bid for The Restaurant Group (TRG) due to “market conditions” it has confirmed. Last month, TRG confirmed that Wheel Topco had requested diligence information to evaluate a possible offer for its competitor. This move comes after TRG agreed to be bought…
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7 November
Oakman Group profits fall despite jump in sales
Oakman Inns and Restaurants has reported that its EBITDA dropped from £12.0m to £9.8m for the last financial year (June 2023) as its profits were impacted by inflation. However, its group sales were 8% ahead of the prior year at just under £70m. In addition, like-for-like sales for the core…
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