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 -11 May
BoE raises interest rate for 12th time to 4.5%
The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by 0.25% in a bid to meet the 2% inflation target. The committee said it…
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11 May
Sticks n Sushi to open in Shoreditch
Sticks n Sushi has announced that it will be opening its 11th restaurant in Shoreditch London. The opening in Shoreditch marks the company’s first new restaurant this year after opening its first restaurant in Wimbledon in 2012. The 200-seat restaurant is designed by Diener and Diener, who are longstanding architects…
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11 May
The Torridon Resort appoints new head chef
The Torridon has appointed Alex Henderson to role of resort head chef Born and raised in Inverness, Henderson returns to The Torridon having previously worked in the kitchen as junior sous chef. He joins from one of Newcastle’s “most celebrated” restaurants, the Michelin-starred House of Tides, where he was sous…
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11 May
Bunsik to open first branch in Manchester
The grab-and-go Korean food chain Bunsik is expanding its portfolio with a new branch in Piccadilly Gardens, Manchester, which is set to open later on this summer. The Manchester restaurant will be the brand’s biggest branch to date, as it will occupy 2,000 sq ft in the city centre. Bunsik’s…
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10 May
Compass Group HY profits surpass £1bn
The Compass Group has announced that its profits have surpassed £1bn for the six months ended 31 March 2023. This number is up from £744m in the same period last year which is an increase of 41.1%. The company also posted revenues of £15.8bn, an increase of 24.7% on the…
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10 May
Comptoir Group revenues up 50% to £31m in FY22
Comptoir Group has revealed a strong financial recovery in FY22 as full-year revenues soared by 49.9% to £31m compared with £20.7m in 2021, and gross profit rose by 44.3% to £24.4m compared with £16.9m in 2021. The results were driven by like-for-like store growth in the period and the absence…
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10 May
George Club reopens after year-long refurb
George, a heritage private members’ club, is reopening its doors in June 2023 after a year-long refurbishment. Located in Mayfair, the club is designed by Richard Caring and spearheaded by Patricia Caring. George features the “largest” covered and heated terrace, a wide collection of works by esteemed artist David Hockney…
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10 May
JD Wetherspoon on track for record year as Q3 sales rise by 9.1%
JD Wetherspoon has said it is on course for record sales this year as sales rose by 9.1% in the 13 weeks to 30 April 2023, compared to the same period in the last full financial year before the pandemic. It comes as sales reported in Easter week were the…
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9 May
Soft drinks sales surpass £1bn in Q1 2023
Sales of soft drinks in the UK surged past the £1bn mark to reach £1.7bn in the first quarter, up by 12% year-on-year, according to data from CGA Strategy. Soft drinks now have a 15.5% share of total on premise drinks sales by value, an increase of 1.7 percentage points…
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9 May
Greggs partners with SSP to open Cardiff Airport site
Greggs and SSP have recently partnered to open a new unit at Cardiff Airport, the first reveal of many planned improvements to the passenger experience at the location. The unit is located on the first floor before the security checkpoint, providing a great convenient option for travellers coming through the…
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