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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Jul- 2022 -19 July
Frankie & Benny’s refurbs ‘key’ restaurant sites
Frankie and Benny’s has refurbished its “key” restaurant sites across Wembley, Birmingham, and Ashton Moss. The three updated locations have all been revamped with a new “spacious” layout, complete with more booths, allowing additional families and friends to visit the sites. The chain has also introduced new flowing bars across…
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19 July
Quarter of hospitality businesses facing closure due to energy concerns
A quarter of hospitality bosses are considering closure in the next 12 months, according to new research commissioned by digital energy services company, eEnergy. According to the representative poll of 300 UK business owners and senior executives carried out by Censuswide on behalf of eEnergy, over three quarters have considered…
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19 July
Adam Handling appoints head chef of Ugly Butterfly
Michelin-starred chef, Adam Handling, has announced the appointment of Connor Blades as the new head chef at the Ugly Butterfly in St Ives, Cornwall. The venue is Handling’s sustainable, zero-waste restaurant that launched at the “luxurious” Carbis Bay Estate last August that offers British food inspired by Cornwall. Blades reportedly…
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18 July
James Cochran opens new Valderrama bar
James Cochran has officially opened doors to the new Valderrama sports bar, a 48-cover venue which includes an outdoor terrace and of course and is accompanied by Cochran’s Around the Cluck fried chicken concept. Named after Carlos Valderrama, the captain of the Colombian 90’s football team, the bar reportedly takes…
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18 July
Tortilla revenue soars 60% in H1
Tortilla has welcomed strong top-line growth during the first half of FY22, with group revenue soaring 60% to £26.9m, or an increase of 55% excluding the impact of the Chilango acquisition. The group said this performance was underpinned by growing customer demand for Tortilla’s food as well as the group’s…
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18 July
Fever-Tree profits ‘worsened’ by cost of headwinds
Fever-Tree has revealed that it anticipates gross margins of around 37% and an EBITDA margin of around 14% for the first half due to the reported impact of logistics and cost of headwinds having “worsened” in recent months. The business expects this to continue to impact the business during the…
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18 July
New PM must support beer and pubs, BBPA urges
A letter urging the new leader of government to support pubs during the cost of living crisis has been penned by The British Beer and Pub Association (BBPA) . The letter urges any new leader to “rebalance the UK’s alcohol duty system to support UK pubs and brewers, reduce the…
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18 July
Deliveroo lowers FY22 guidance amid consumer headwinds
Deliveroo has lowered its gross transaction value (GTV) guidance for FY22 from 15–25% to 4–12% due to a “more cautious” economic outlook and increased consumer headwinds. Meanwhile, the company continues to expect FY22 adjusted EBITDA margin to be in the range of -1.5 to -1.8%, an improvement against -2% in…
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15 July
Foodservice inflation hits double digits for fourth month in a row
Inflation in the foodservice sector topped 10% for the fourth successive month in May, according to the new edition of the CGA by NielsenIQ and Prestige Foodservice Price Index. All 10 of the index’s food and drink categories recorded both year-on-year and quarter-on-quarter inflation in the month. The Oils and…
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15 July
Krispy Kreme appoints president and managing director for UK and Ireland
Krispy Kreme has announced that it has appointed Jamie Dunning as its new president and managing director for the UK and Ireland. A former managing director and president at Mars Retail Group and sales director at Cadbury Schweppes, Dunning will take over from Richard Cheshire, who recently took the decision…
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