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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Oct- 2022 -19 October
Just Eat returns to profit despite orders slump
Just Eat Takeaway.com has announced it has returned to profitability in Q3, reporting a positive adjusted EBITDA, despite reporting a marked decline in total orders. While its return to profitability was materially ahead of prior guidance, total orders were down by 11%, falling from 265.8 million to 235.3 million in…
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19 October
Rising food prices push inflation back to 10.1%
Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August, with rising food prices as the main contributor, according to the latest figures from the Office for National Statistics (ONS). The increase to the annual inflation rate in September 2022 reflected, principally, rising food…
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19 October
Revolution Bars returns to profit
Revolution Bars Group has returned to profitability as pre-tax profits surged 107% to £2.1m for the 52 weeks ended 2 July 2022, up from a loss of £26.3m last year, following positive trading and cost management. Sales also jumped 257.4% year-on-year from £39.4m to £140.8m amid a return to more…
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19 October
Cairn Group appoints new director of F&B operations
Newcastle-based Cairn Group has announced the appointment of David Ladd as the company’s director of food and beverage operations to oversee its portfolio of standalone restaurants and bars. It is reported that Ladd joins from Bar Soba Group where he headed the Pan Asian brand and was responsible for an…
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18 October
YoooGroup to launch new business park cafe concept
YoooGroup has announced the launch of Bla bla, a new café concept for business parks, with three sites in the pipeline in Weybridge, Woking and Bracknell, and an ambition to open five sites by the end of 2023. Bla bla will aim to provide business park users and employees with…
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18 October
Leon welcomes three new sites in London
Leon has announced the opening of three new sites across central London, in Euston Rd (26 September), Battersea (10 October) and Brixton (TBC). The news follows several recent London openings including Angel, Waterloo Bridge and Kensington. The group has also confirmed further plans to expand in other areas of London…
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18 October
Alcohol duty u-turn a ‘huge blow’, says BBPA
Trade bodies in the hospitality industry have criticised the decision to scrap the proposed freeze on alcohol duty, claiming it represents a “huge blow” to pubs and brewers. Newly appointed chancellor of the exchequer Jeremy Hunt confirmed a u-turn on the planned freeze of alcohol duty proposed by his predecessor…
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18 October
Vegan burger restaurant Frost Burgers enters administration
Frost Burgers, a vegan burger restaurant in Manchester and Liverpool, has entered into administration following “financial distress”. Paul Stanley and Jason Greenhalgh from Begbies Traynor have been appointed as joint administrators after the vegan restaurant chain ceased trading last month. The firm is now looking for someone to buy the…
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18 October
Kerb announces two new traders at the National Theatre
London-based food market operator, Kerb, has revealed that Bad Boy Pizza Society and Mumbai Mix are joining Lucky’s Hot Chicken at the National Theatre this autumn. It is reported that the two new traders will help Kerb build on its recent success, which is said to have been underpinned by…
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17 October
Hospitality driving recovery in cities post-Covid, CGA finds
The hospitality sector is driving the economic recovery of major cities post-pandemic, with Birmingham reported as the most vibrant city thanks to its restaurants, pubs and bars, the CGA has found. Its latest ‘Top Cities’ report, conducted alongside connectivity solutions provider Wireless Social, provided a ‘vibrancy’ ranking of Britain’s 10…
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