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 -10 January
Nightcap sees H1 sales increase 46% to £15.5m
Nightcap has announced that during the 26-week period ending 26 December 2021, group net sales reached £15.5m. The results were 46.2% higher than in the same period in 2019 and showed a 22.4% like-for-like increase compared with the same period in 2019. Although more than 7,500 bookings for the Christmas…
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10 January
UK restaurant groups see losses increase 174% to £673m
Losses at the the top 100 UK restaurant groups increased by 174% last year to £673m, up from a loss of £246m in September 2020, revealed UHY Hacker Young. Lost sales reportedly cost the hospitality sector around £200m a day during lockdown, with restaurants continuing to incur “substantial” costs such…
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7 January
UKH welcomes Scotland’s reduced isolation period
UKHospitality Scotland has welcomed the decision from Scotland’s government to reduce the self-isolation period from 10 to seven days, but have warned without reversing restrictions in place until 17 January livelihoods “remain in the balance”. First minister Nicola Sturgeon made the announcement that people who test positive for Covid in…
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7 January
Vaulkhard Leisure expands estate through The Diamond lease
Newcastle-based leisure operator, Vaulkhard Leisure, has taken on a lease for The Diamond pub in Ponteland, bringing its estate to 20 pubs, bars and cafes. The group is co-investing £350,000 with Star Pubs and Bars to modernise the pub, which has 12 ensuite wi-fi fitted letting rooms and a function…
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7 January
African food hall to make debut in London
TGP International has announced its ambitious global expansion plans for new food hall concept, Alkebulan. Alkebulan, the original name for Africa, is the “first-of-its-kind” food hall and features 10 chef-led concepts from across the African continent, allowing diners to savour gourmet dishes and street bites. Curated by chef restaurateur, Alexander…
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7 January
Everards reports £3.4m loss in FY21
Everards has reported an operating loss of £3.4m for the financial year ending September 2021, along with a £1.3m loss for the year ending September 2020. The company said that trading restrictions for nine months of the year is the reason behind the loss, which was reportedly driven by a…
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6 January
Restrictions see Welsh hospitality trading 25% below English counterparts
The executive director of UKHospitality Cymru has called for additional financial support for Welsh Hospitality businesses after revealing that businesses are currently trading 25% below their counterparts across the border. He said an “immediate” increase in financial support and the lifting of trading restrictions is “urgently needed” to prevent Welsh…
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6 January
Happy Face Pizza expands with two new sites
Neapolitan Happy Face Pizza has announced the opening of two new restaurants in London, marking its expansion in the capital. Following in the footsteps of the 2018 flagship site in Kings Cross and underground Supermax bar, the first of the new sites has now opened in Victoria, followed by a…
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6 January
Gallio opens in Canary Wharf
A new Mediterranean pizza restaurant Gallio has opened its doors in Canary Wharf in The Atrium Kitchen on Upper Level 2 of Cabot Place. The restaurant offers a modern style of pizza, alongside sharing mezze-style small plates, seasonal salads, Mediterranean bowls and fully loaded flatbreads. Gallio revealed that seasonal salads…
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6 January
Greggs’ FY21 sales surge 51% to £1.23bn
Greggs has announced its sales for the 52 weeks ending 1 January 2022 (FY21) increased by 51% to £1.23bn from £811m in 2020, and representing a two-year increase of 5.3% compared with the same period in 2019. In the fourth quarter of 2021, Gregg’s two-year like-for-like sales in its company-managed…
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