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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May- 2023 -26 May
The Tommy Banks Group opens the Abbey Inn
The Tommy Banks Group has opened The Abbey Inn, a pub with rooms in Byland Abbey, North Yorkshire. The Abbey Inn was built by monks in 1845 as a farmhouse, but by 1853 it was converted into a public house. The group converted the 19th-Century inn into a country pub,…
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25 May
Inn Collection Group launches chef academy
The pubs with rooms company Inn Collection Group has announced the launch of a new chef academy. There are 10 places available at the academy as students will work alongside Michelin-trained chef Matthew Benson-Smith and his Benson-Smith Training Academy. No prior chef experience is required by applicants, with the successful…
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25 May
14 free of tie public house investments brought to market
Savills, on behalf of a private client, has launched the sale of 14 freehold public houses across the UK. The properties are located throughout England across popular locations such as London, Bristol, York, Sheffield and Tunbridge Wells and are being offered for sale individually or in small packages. The pubs…
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25 May
Young’s revenues hit £369m in FY22
Young’s and Co total revenues reached £368.9m in the 53 weeks ended 3 April, showing an increase of 19.4% against the prior year, while managed pub like-for-like revenue increased 12.9% on a 52-week basis. Despite facing cost headwinds, the pub group’s adjusted profit before tax was 8.1% higher at £45.2m.…
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25 May
Meet Bros opens in London Paddington
Malaysian chain Me’nate Steak Hub and Serai Group have opened Meet Bros, an Asian-inspired steakhouse in London Paddington. A semi-fine dining experience, Meet Bros is a fully halal steakhouse. The new restaurant is set in an ancient Mediaeval-style basement featuring modern minimalistic design choices. With steaks sourced from all over…
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24 May
UKH warns there is a ‘long way to go yet’ despite inflation fall
UKHospitality has warned that despite today’s (24 May) announcement that inflation fell to 8.7% in April, continued inflationary pressure means there is “a long way to go in this crisis yet”. Whilst calling the overall figures “encouraging”, the trade body warned that the “stubbornly high” food and drink inflation is…
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24 May
Wagamama owner narrowly beats AGM investor revolt
Wagamama owner The Restaurant Group (TRG) has narrowly beaten a revolt from rebel investors over the pay of CEO Andy Hornby and the direction of the company at its most recent AGM. Over 45% of shareholders voted against the company’s directors remuneration report for 2022 which revealed that Hornby was…
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24 May
BrewDog to roll out travel hub sites through new SSP partnership
BrewDog has partnered with SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, to roll out new sites at travel hubs across the UK, with the first site set to open at London Gatwick. The partnership will see SSP Group go on to operate a…
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24 May
SSP revenues up 64% in H1 amid travel recovery
SSP Group has revealed that revenues increased by 64.1% to £1.3bn for the six months ended 31 March, compared with £803m in the same period last year, as the group benefited from a recovery in passenger travel volumes. In addition, the group’s underlying EBITDA reached £90.5m and a free cash…
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24 May
Pizza Pilgrims opens new site in Queen’s Park London
Pizza Pilgrims has announced the launch of its latest pizzeria in London’s Queen’s Park 3 July. Alongside the pizzeria, Pizza Pilgrims will be opening a brand-new deli concept selling Italian produce and dry store goods. The Queen’s Park site will serve from freshly roasted Neapolitan espressos and bread baked in-store…
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