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- 2021 -11 May
Rise in service sector confidence due to vaccine rollout, says BDO
The UK’s service sector is reportedly receiving a surge in renewed confidence due to the vaccine rollout and easing of lockdown restrictions, according to BDO’s Services Optimism Index. Confidence rose by 1.36 points in April from 98.50 to 99.86, primarily due to the lifting of restrictions on indoor entertainment venues…
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11 May
Beer and Coffee Co open its fourth leased pub
Beer and Coffee Co has announced the opening of its fourth leased pub with Star Pubs and Bars following a £160,000 refurbishment. The pub will join the group’s pug brand and has been renamed The Lazy Pug to mark its new direction. Other venues include The Black Pug in Warwick…
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11 May
The City Pub Group swings to £5.1m FY20 loss
The City Pub Group swung to an adjusted before tax loss of £5.1m for FY20, down from a £5.3m profit in FY19. The group attributed its 57% year-on-year decline in revenues to £25.8m for the 12 months ended 27 December 2020 to “lengthy closure periods”. However, since the return to…
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10 May
PM confirms indoor hospitality to return from 17 May
Prime minister Boris Johnson has confirmed that indoor hospitality can return next week as the government moves ahead with the next step in its roadmap out of lockdown. From the 17 May, six people or two households will be allowed to meet inside, whilst indoor hospitality will also be able…
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10 May
Trio of new F&B lettings secured at St Christopher’s Place
BMO Commercial Property Trust, managed by pan-European property investment and asset management specialist BMO Real Estate Partners, has completed a trio of new lettings at its St Christopher’s Place central London estate. San Carlo Restaurant Group has now agreed to take 6,000 sq ft of space on a 15 year…
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10 May
Scottish hospitality calls on gov to ‘listen and respond’ amid election result
The hospitality sector in Scotland is calling for the government and other Holyrood parties to “listen and respond” to the industry’s needs after the recent Scottish parliamentary election. The Scottish National Party (SNP) won its fourth election, securing 64 seats, but fell one short in securing an overall majority as…
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10 May
UKH calls on gov to improves capital access for businesses
UKHospitality is calling on chancellor Rishi Sunak for further support by improving access to capital for businesses and sticking to the government’s roadmap of lifting restrictions after 21 June 2021. The latest data from CGA’s Drinks Recovery Tracker showed that during the Bank Holiday weekend, many operators and drinks sales…
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10 May
Greggs sales recover to near pre-pandemic levels
Greggs saw its two-year like-for-like (LFL) sales close the gap to just a 3.9% decline for the eight weeks to 8 May. It follows a 13.5% fall in LFL sales for the 18 weeks to 8 May when compared to FY19, as the group also showed signs of recovery following…
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7 May
Star Pubs and Bars supports The Princess with £325k refurb
The Princess on Smithcroft Road in Riddrie, Glasgow has undergone a £325,000 refurbishment – after it was undertaken by Star Pubs and Bars. The pub is owned by mother and daughter team Adrienne Greenaway and Victoria Ashgar, who have run the pub for 19 years. As part of the refurbishment,…
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7 May
Pubs receive average of £27,000 each in support from operators
The British Beer & Pub Association (BBPA) has revealed that leased and tenanted pubs have, on average, received £27,000 each in support from their respective pub operating businesses. The trade association said a “fraction of this support” came from commercial landlords, with many receiving no rent waiver or even discount…
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