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 -20 October
Liz Truss steps down as prime minister
Liz Truss has announced that she is standing as prime minister after a turbulent week for the government, just six weeks after taking up the premiership. The statement of her resignation was made at 13:30pm today (20 October) following a meeting between Truss and Sir Graham Brady, chairman of the…
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20 October
Caffè Nero Q1 sales at 107% of pre-pandemic levels
Caffè Nero has welcomed strong trading in its first quarter, reporting strong like-for-like sales growth that reached 107% of pre-pandemic levels. Over the period, Caffè Nero opened 14 new stores across different territories. Four of those new stores have opened in the UK, including a flagship store in Stansted Airport.…
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20 October
Trade bodies urge chancellor to cancel duty freeze reversal
The British Beer and Pub Association has united with Scotch Whiskey Association and Wine and Spirits Trade Association to call on the chancellor to cancel the double-digit tax hike on the UK’s world-class drinks industry. In a joint statement to the chancellor, the group said that “stability has now been…
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20 October
Chilled Pubs acquires village pub The Blue Stoops
Derbyshire-based pub company, Chilled Pubs, has recently bought the freehold on the village pub The Blue Stoops in Dronfield from True North Brew Co. It is reported that the property, which comprises a large internal bar, restaurant, function space, and a 140-cover beer garden, underwent its most recent refurbishment in…
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20 October
Hospitality loses 2,200 sites in three months amid cost challenges
Britain’s hospitality sector saw a net decline of one closure every hour in the third quarter of 2022, including pubs, bars, restaurants, cafes and hotels, according to the latest Hospitality Market Monitor from CGA and AlixPartners. The closures over the last quarter follow a “sharp rise” in prices in energy,…
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19 October
Chopstix opens latest Kent site
Chopstix has announced the opening of a site in Canterbury. The new restaurant, located on St George’s Street in the city centre, is Chopstix’s 82nd site. Last year Chopstix conducted a complete training overhaul, in partnership with Mapal One, launching a new digital training model, delivering a new induction module…
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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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