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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May- 2023 -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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9 May
The Vurger Co secures new investors in pre-pack deal
Vegan burger chain, The Vurger Co., has been rescued out of a pre-pack administration by co-founder Rachel Hugh under a new company with the help of investors after appointing administrators at the end of last month. The vegan restaurant chain started out in 2016 as a stall in Tottenham, North…
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9 May
The Candlelight Inn appoints new head chef
Candlelight Inn in Somerset has appointed Devon-born chef Charlotte Vincent as head chef. Vincent, who has made two appearances on the BBC cooking show Great British Menu, began her career with the army and went on to work alongside chef Michael Caines. Her food is described as “modern British with…
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5 May
Yum! Brands income falls by 25% to $300m in Q1
Yum! Brands, which operates restaurant chains KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has announced that net income fell by 25% to $300m (£238m) in Q1, down from $399m (£316m) the prior year. Despite this, revenues for the brand rose by 6% to $1.6bn (£1.4bn) in the first…
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5 May
Q Catering wins sole supply agreement with ICM
Q Catering has announced that it has won a sole supply agreement with Independent Catering Management (ICM). After 15 years of sharing the business with Brakes, Q Catering has been awarded a sole supply agreement for frozen and chilled products. ICM is a school meal provider in the Southeast of…
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