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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Apr- 2021 -1 April
Fuller’s raises over £53m through share placing
Fuller, Smith, and Turner (Fuller’s) has announced the successful placing of over almost 6.5 million ordinary shares in the capital of the company, raising approximately £53.6m. Valued at 40 pence per share, the 6,455,447 new A ordinary shares equate to roughly 20% of the group existing issued A ordinary share…
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1 April
Treasury Committee launches inquiry into job recovery post-Covid
The Treasury Committee has announced it has launched an inquiry into job, growth and productivity recovery after the pandemic. The cross-party group of MPs will examine how the government can reduce and mitigate the economic damage and job losses resulting from the pandemic. Mel Stride MP, chair of the Treasury…
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Mar- 2021 -31 March
Marketing duo to open new East London restaurant
The owners of marketing agency Crowdify Global are set to open a new neighbourhood restaurant and bar in East London on 12 April. James Rix and Fergus Harrington have worked for almost 20 years as event promoters and have sold a range of events brands and marketing businesses. This led…
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31 March
Adam Handling launches The Loch & The Tyne
Chef Adam Handling has announced the opening of his first venue outside of London, with the launch of Old Windsor’s The Loch and The Tyne. Open seven days a week, the pub and restaurant will also provide luxury bedrooms for overnight guests. Steven Kerr, group executive chef, and Jonny McNeil,…
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31 March
Time Out Group set to launch £15m equity raise
Time Out Group is preparing to launch a £15m equity raise to assist the business’ return to “a stronger position” in the next financial year. The hospitality and media group’s finances have struggled over the past 12 months due to lockdowns resulting from the Covid-19 pandemic. The group posted a…
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31 March
Two in five licensed premises able to accommodate outdoor trading
Around two in five licensed premises will have some form of outdoor trading space when restrictions ease for venues on 12 April, according to the latest Market Recovery Monitor from CGA. The monitor revealed that around 41,100 premises (38.2% of all sites) in the UK have a garden, terrace, car…
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31 March
Deliveroo sees shares fall by 30% in market debut
Shares in Deliveroo sank by as much as 30% as it made its London Stock Market debut, going as low as 275p per share and wiping over £2bn off its valuation In a market announcement this morning, Deliveroo said the offer price has been set at £3.90 per share, equating…
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30 March
Cin Cin to open London restaurant site
Cin Cin, an Italians restaurant chain, has announced it plans to open its first London site in Fitzrovia at the end of April. Opening on Foley Street, Cin Cin London will begin trading with outside covers before welcoming customers to its 20 seat dining room once government restrictions lift. Founded…
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30 March
RedCat eyes Stonegate sites for inaugural acquisition
RedCat Pub Company, owned by ex-Greene King boss Rooney Anand, is reportedly on the brink of acquiring over 40 pubs from Stonegate. According to Sky News, the deal could see the owner of Yates’s and Slug and Lettuce offload 42 of its sites as early as this week. While the…
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30 March
Brewdog considering hotel site in Edinburgh
Brewdog is considering the acquisition of a new hotel site in Edinburgh, according to comments made by the brand’s chief executive. On Twitter, James Watt said: “Working on a potential BrewDog beer hotel location in Edinburgh today. It would be great to open a beer hotel in the capital of…
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