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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Nov- 2022 -17 November
Food prices rise by a fifth in just 12 months
The CGA food price index has continued to rise with food price inflation hitting 19.9% for October 2022, making it nine consecutive months of double digit inflation. Core hospitality products like meat, fish, vegetables and fruit are now all in the 16%-to-19% range year-on-year. Food in total climbed a further…
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17 November
Chancellor freezes tax thresholds in Autumn statement
Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement. As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…
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17 November
Soho House CEO steps down
Nick Jones, the CEO and board director of Membership Collective Group (MCG), the group known for managing the member’s club Soho House, has announced his intention to step down from his role and transition to founder. The news comes following talks between Jones and executive director Ron Burkle have had…
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16 November
Chopstix continues expansion roll-out with new Norwich site
Chopstix will continue its growth programme by opening its 2nd site in Norwich later this month. The new restaurant, located on Gentleman’s Walk, will be owned and operated by the company. With further site openings across both ownership models in the pipeline, the pan-Asian QSR brand is set to pass…
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16 November
10° Sky Bar appoints new bar manager
10° Sky Bar at the London Hilton on Park Lane has announced the appointment of Matteo Giannuzzi as its new bar manager. With eight years of experience in some of London’s most well-known bars, where he has won awards such as Imbibe’s Best Cocktail List in 2020, Giannuzzi joined the…
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16 November
Wetherspoon to open new pub at The O2
Wetherspoon is set to open a new pub in February 2023 at The O2, investing almost £3m in the site, with building works beginning this week. The pub will be located within The O2’s Entertainment District, adjacent to Mamma Mia! The Party. It will be named The Stargazer in homage…
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16 November
Costs crisis wipes out hospitality growth despite October sales rise
Sales in October 2022 for restaurants, pubs and bars rose by 1.5% when compared with October 2022, according to the latest data from CGA. Sales were also 4.3% higher than October 2019. This is the ninth month in a row that sales have been higher than pre-Covid comparatives. However, with…
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16 November
New Hackney bakery Forno to open in January 2023
Forno, a new all-day bakery, pastificio and deli by the chef and owner of Ombra, Mitshel Ibrahim, will be opening its doors under the arches next to Regent’s Canal, Hackney, in January 2023. It is reported that the venue will specialise in pasta, fresh sauces, cold cuts, Italian cheeses, freshly…
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15 November
Hospitality most likely to cut trading to combat energy costs
Hospitality businesses are more likely to cut trading hours in an attempt to cut energy costs, according to the ONS Business Insights and Conditions Survey (BICS). More than one in five hospitality businesses that were still trading in October 2022 reported that they had reduced trading hours while keeping the…
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15 November
Popeyes accelerates UK roll out with new openings
Popeyes is continuing its UK expansion after confirming that Cambridge, Croydon and Reading will be the next opening locations in early 2023. It also has sites due to launch in Rotherham, Cardiff and Glasgow early next year. This follows the “runaway success” of its Oxford restaurant. Its Nottingham opening in…
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