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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Aug- 2022 -5 August
Rarebit restaurant and bar opens in Elephant & Castle
The founders of Rarebit, an all day neighbourhood kitchen and bar, have officially opened a new site in Elephant Park in Elephant and Castle. Mark Angell and Will Nias, who have “extensive experience” in convivial neighbourhood hospitality in South London, have launched a new 55 cover site which also features…
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5 August
Costa Coffee opens 300th UK drive-thru amid £20m expansion
Costa Coffee has opened a new drive-thru in Peel Centre Retail Park, Sunderland, which marks the 300th drive-thru for the business and forms part of Costa’s £20m expansion strategy for its drive-thru format alone this year. Costa Coffee and its franchise partners will invest in 60 new drive-thrus in 2022,…
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4 August
Chef Rafael Cagali to open second restaurant
Chef Rafael Cagali, the owner of two-Michelin-starred Da Terra, has announced the opening of his second restaurant this autumn, Elis. The chef will reportedly be taking over the space that used to house the Corner Room, set within the historic Town Hall Hotel. Elis is said to be “a more…
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4 August
BoE hikes rates to 1.75%, warns UK to enter recession until 2024
The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since 1995. In its latest announcement, the BOE also projected that the UK would fall into a recession in the fourth quarter of the year, which is expected to last for…
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4 August
Gusto Italian reopens after £250,000 refurb
Gusto Italian on Edinburgh’s George Street has unveiled its new redesign and welcomed its first guests after a £250k investment to transform the interior and exterior of the restaurant. The reopening features a new design and new offerings, including the Theatre Kitchen and Pizza Experience as well as a 60-seat…
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4 August
Nightcap revenues jump 55.1% to £35.9m in FY22
Nightcap has reported its group revenues surged 55.1% year-on-year from £6m to £35.9m on a combined group of companies basis for the 53 weeks ended 3 July 2022 (FY22), with like-for-like revenues up 23.6%. The fourth quarter ended 3 July 2022 (Q4 FY22) also saw group revenues jump 73.2% to…
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3 August
D&D revenues at 90% of pre-covid levels
D&D has revealed its group revenues in the 15 months since reopening after lockdown stand at £163m, 90% of its pre-covid levels. UK revenues stand at £143m, 91% of pre-covid levels, while overseas revenues are at £20m. 83% of pre-covid levels. Meanwhile, group EBITDA stands at £17m, 122% of pre-covid…
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3 August
Claridge’s appoints new culinary director
Claridge’s has announced the appointment of Dmitri Magi as its new culinary director, alongside Richard Galli as executive chef and Thibault Hauchard as executive pastry chef. The positions were reportedly created especially for the hotel’s overhauled culinary team to “cement its position as a world-class gastronomic destination”. The news comes…
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3 August
Flat Cap Hotels welcomes new group executive chef
Flat Cap Hotels has announced the appointment of Martyn Fallon as group executive chef. He will be leading on and working with all of the properties, focusing on local produce sourcing, the creation and implementation of each site’s menus and delivering the “highest levels” of training of both the senior…
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3 August
Just Eat parent suffers €3.5bn write down on US business in H1
Just Eat Takeaway has written down the value of its US subsidiary Grubhub by €3.5bn (£2.9bn), a year after it purchased the food delivery group for $7.3bn (£5.98bn). Meanwhile, Just Eat Takeaway expects its profitability to continue improving going forward and is maintaining its outlook for FY22. Just Eat expects GTV…
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