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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Jan- 2022 -24 January
Profit warnings from travel & leisure companies fall to 7-year low
Profit warnings issued by FTSE travel and leisure companies fell to their lowest level in seven years in 2021 despite the sector experiencing another challenging year, according to EY-Parthenon’s latest Profit Warnings report. In total, it said the FTSE travel and leisure sector, which also includes restaurants and bars, issued…
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24 January
Hell Yeah Hospitality announces four new openings
Hell Yeah Hospitality Group, which operates three hospitality brand concepts; Pizza Punks, Mamasan and Veganizza, is set to double the number of its Pizza Punks restaurants in the UK in 2022 with four new openings. Furthermore, it has announced the appointment of Gordon Fraser as the groups financial director. He…
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24 January
Marble Arch secures cafe and restaurant signings
Marble Arch London has announced a host of new restaurants and cafes are taking to the area. It revealed London Chocolate, Chourangi, Creams, Chai Walla, Feya, Pizza Pilgrims, Wagamama, Five Guys, and Coffee by Real Eating Co. have all recently agreed leases with major landholders The Portman Estate, British Land,…
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21 January
10,000 more hospitality businesses now than pre-Covid, study suggests
There are 10,000 more UK hospitality businesses now than before Covid, according to new research from Stampede and storekit using Office for National Statistics data. The two startups said ‘The UK’s irrepressible hospitality sector: 2022 Industry Growth Report’ is “welcome news” as the UK hospitality sector emerges from another precarious…
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21 January
Buzzworks to open latest site in Ayrshire
Independent restaurant and bar operator, Buzzworks Holdings, is set to open the doors to its latest venture in Ayrshire in the coming weeks. The Fox, a casual live music bar, will open on the site of former restaurant Papi Milano, located on West Portland Street, Troon, having undergone a “significant…
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21 January
Restaurant Group upgrades FY21 outlook despite Omicron
The Restaurant Group has announced that despite the impact of Omicron in December, it has upgraded its FY21 expectations following a market “outperformance”, and now expects its EBITDA to be at the top end of its previous guidance of £73m – £79m. In addition, FY21 year-end net debt is now…
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21 January
Festive sales slide despite increase in productivity
Festive sales were considerably down in comparison to 2019, but staff headcounts and hours worked are heading in the right direction according to the latest figures from Fourth, the global software provider for the hospitality, retail, and leisure industries. Fourth’s figures show that combined sales across pubs, restaurants, hotels, and…
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20 January
Removal of Plan B signals ‘gradual return’ to normality, says UKH
Hospitality sector trade association, UKHospitality, has “heralded” the announcement of the return to Plan A as a key milestone on the road to recovery for the sector. Yesterday (19 January) the prime minister announced in Parliament that 26 January would mark, among other things, the end of the ‘work from…
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20 January
Modest growth seen in new site openings during Q4
Britain’s hospitality sector witnessed “modest” growth in the last quarter of 2021, with a 1.6% increase in site numbers between September and December 2021, marking the first quarter-on-quarter growth for more than five years. According to the new Market Recovery Monitor from CGA and AlixPartners, there was a particularly encouraging…
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20 January
Revolution Bars posts upbeat trading update
Revolution Bars Group, the operator of 67 premium bars, trading mainly under the Revolution and Revolucion de Cuba brands, has announced that like-for-like (LFL) sales for the majority of the half, from 19 July 2021, when restrictions were relaxed in England, to 13 November were very strong at +14% versus…
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