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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May- 2022 -13 May
Brakspear reopens The Bull on Bell Street in Henley
Brakspear has reopened The Bull on Bell Street in Henley-on-Thames after an “extensive refurbishment”, the first major investment within its managed estate since it was rebranded as Honeycomb Houses last autumn. The transformation, devised by Brakspear’s in-house design team, has created an extensive outdoor space behind the pub, now called…
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13 May
Wendy’s sees Q1 profits fall by almost 10%
Wendy’s has reported that its operating profit dropped 9.9% to $74.9m (£61.46m) in the first quarter of FY22, compared to $83.1m (£68.19m) in the same period last year, due to higher general and administrative expenses and a decrease in the company-operated restaurant margin. Wendy’s company-operated restaurant margin fell 5.4% to…
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12 May
Cost pressures hit growth for contract caterers despite bounce back
Sales in the contract catering sector remain well below pre-Covid levels as sales are 20% below the figure recorded in the first three months (Q1) of 2019, despite year-on-year increases. According to CGA’s Contract Catering Tracker, caterers now serve around 1,250 fewer units than they did three years ago, and…
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12 May
Various Eateries revenue soars 439% in H1
Various Eateries has welcomed a period of “robust” trading in the half-year ended 3 April 2022. Total group revenue for the period was £17.8m, up 439% year-on-year against £3.3m in H1 FY21, largely driven by new site openings and reflecting fewer restricted periods of trading. While part of the period…
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12 May
GMB and Deliveroo sign union deal
GMB Union and Deliveroo have signed a union recognition deal that will cover the company’s more than 90,000 self-employed riders. The voluntary partnership agreement will see GMB have rights to collective bargaining on pay and consultation rights on benefits and other issues, including riders’ health, safety and wellbeing. GMB will…
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12 May
Popeyes doubles up in Essex with new Romford restaurant
Popeyes UK is opening its second restaurant in Essex with the new Romford site set to open on Saturday 11 June 2022, seating up to 72 guests. The Romford restaurant marks the brand’s third site in the country, following the announcement of a Chelmsford location and the launch of its…
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11 May
The Montagu Arms names new executive chef
The Montagu Arms, a boutique hotel in New Forest, has appointed Nathan Eades as the new executive chef of the hotel’s fine-dining restaurant, The Terrace. In his new role, Eades will be responsible for the development and execution of the hotel’s menus, for both The Terrace and Monty’s Inn, as…
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11 May
Gees Restaurant to reopen this month with Matt Smith as head chef
The Oxford Collection has announced the appointment of Matt Smith as its new head chef at ‘Gees Restaurant and Bar’ ahead of its relaunch this spring. The Oxford Collection’s Grade ll-listed Victorian Glasshouse will reopen during the week commencing 23 May 2022 following a £1m+ refurbishment and expansion. It said…
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11 May
Slim Chickens to make Liverpool debut
Slim Chickens, a “rapidly growing” American dining brand operated by Boparan Restaurant Group (BRG), is set to make its debut in Liverpool at the Liverpool ONE shopping complex. The 5,000 sq ft flagship restaurant is set to open later this year and will provide over 175 covers, as well as…
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11 May
Compass Group revenues soar to pre-Covid levels
The Compass Group has reported that its revenues increased 37.9% year-on-year from £8.4bn to £11.6bn in the six months ending 31 March 2022 (H1), meaning revenues are at 99% of 2019 figures with its run rate now above pre-Covid levels. Operating profits also surged 134.5% from to £673m, compared to…
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