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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Jun- 2022 -16 June
Chopstix Noodle Bar expands digital offering
Chopstix Noodle Bar, the Pan-Asian quick service restaurant brand, has announced the launch of its brand new Chopstix app this month, in a bid to boost its digital offering. The app rewards users with a loyalty scheme, offering 10% cashback in Chopstix Points to use on future visits, which is…
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16 June
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its fifth rise in a row as it bids to offset the impact of rising inflation. The Monetary Policy Committee voted by a majority of 6-3 to increase the rate to…
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16 June
Big Fang Collective continues expansion with Leeds opening
Big Fang Collective is set to open its latest multi branded hospitality venue in Leeds in late Autumn 2022. The Liverpool-based entertainment venue operator, who own both the Ghetto Golf and Golf Fang brands, are planning to open the latest Golf Fang site in Redcote Lane, Kirkstall. The Golf Fang…
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16 June
West End landlords Shaftesbury and Capco agree £5bn merger
Capital and Counties Properties PLC (Capco) and Shaftesbury have announced they have reached an agreement for an all-share merger, valuing the combined group’s portfolio at £5bn with annualised gross income of approximately £165.5m. Under the terms of the agreement, the Capco Group will own 100% of the issued and to…
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15 June
UK eating out market to value £95.2bn in 2022
The UK eating out market is set to value £95.2bn in 2022, up 4% from pre-Covid levels in 2019, according to the new Lumina Intelligence UK Eating Out Market Report 2022. Lumina Intelligence said this means that inflation is outpacing market growth. Overall, outlet growth is expected to be positive…
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15 June
Franco Manca opens three new Manchester restaurants
Following the success of its Piccadilly Gardens location, Franco Manca has announced new branch openings on King Street (Monday 13 June), The Trafford Centre (Monday 20 June), and Didsbury (Monday 4 July) in Manchester. The King Street location has already opened to the public this week, with The Trafford Centre…
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15 June
McDonald’s UK&I joins Zero Carbon Forum
McDonald’s UK and Ireland has joined the Zero Carbon Forum as part of its efforts to achieve net zero. According to the group, the non-profit’s mission is to “empower its members to reach sustainability targets by working together at pace and as a united industry effort”. The news follows the…
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15 June
Compass Group names Foodbuy managing director
Compass Group UK and Ireland has announced the appointment of Karl Atkins as the new managing director for Foodbuy, the procurement service provider. Atkins has been with Foodbuy for the past three years in the chief operating officer role – where his focus has been supporting the growth of Foodbuy’s…
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15 June
Whitbread beats expectations but warns of ‘tight’ labour market
Whitbread has revealed that it expects to increase its total costs by £20m – £30m in FY23 due to targeted pay increases and the labour supply remaining “tight” across the hospitality sector. The Premier Inn operator will also bring forward its investment in refurbishments and maintenance projects, as well as…
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14 June
Hospitality sector experiencing 83% more vacancies, ONS data shows
The hospitality sector is experiencing 83% more vacancies across the sector compared to March-May 2019 (the most recent comparable period), according to latest figures released by the ONS. At the same time, the sector has created nearly 300,000 new jobs over the last 12 months,equal to one-in-three of all new…
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