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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Sep- 2023 -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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21 September
Today’s news in brief – 21/09/23
SSP revenues are anticipated to reach £3bn for the year, spelling a 37% year-on-year increase and an EBITDA of £280m. This was due to recovery in passenger numbers, along with a stronger customer offer and digital presence. North America remains a key driver, while the UK and Ireland are expected…
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21 September
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5–4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…
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21 September
Buzzworks unveils expansion plans amid ‘strong’ trading results
One of Scotland’s independent bar and restaurant operators, Buzzworks Holdings, has announced its plans for expansion after reporting “strong” trading results across its entire portfolio of 20 venues. The confidence for expansion follows the opening of its flagship new restaurant, Scotts in Greenock, which saw a record number of visitors…
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21 September
Chopstix launches two learning programmes
Chopstix has launched two new learning programmes, the Chopstix Degree programme and ‘Pick ‘n’ Mix Diploma’. The Chopstix Degree programme launches this year, in partnership with Arden University, with the business expecting 50 Chopstix colleagues to register for the programme in the first year. The three-year course designed and delivered…
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21 September
SSP expects revenues of £3bn amid strong trading
SSP Group has upped its guidance and is expecting revenues to be at 116% of 2019 levels for the 16 weeks between June and September. For the full year, group revenues are expected to be £3bn compared to £2.2bn in the prior year, representing growth of 37% year-on-year. EBITDA is…
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