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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Mar- 2021 -9 March
Hospitality salaries up ‘significantly’ despite pandemic, report finds
Despite the economic impact of Covid-19, average salary levels across the hospitality and leisure sector grew “significantly” in 2020, according to new data released by recruitment group Reed. From analysis of over 6.5 million jobs posted to reed.co.uk over the last three years, the Reed Hospitality and Leisure Salary Guide…
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9 March
Oakman Group expands portfolio by six
The Oakman Group has announced the acquisition of six pubs from the administrators of Seafood Pub Company, expanding its portfolio by 20%. The deal sees Joycelyn Neve, founder and former managing director (MD) at Seafood, join the Oakman Group as MD of the newly formed Seafood Pub northern division. Some…
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9 March
Gov extends pavement licences to support hospitality
The government has confirmed plans to extend pavement licences for businesses on the high street. Communities secretary Robert Jenrick intends to extend pavement licences for a further 12 months to help the hospitality industry recover from the imposed national lockdown. Jenrick said: “We’re all looking forward to seeing pubs, cafes…
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9 March
The Saddlers to undergo £250,000 refurbishment
The Saddlers at Lympstone is to undergo a £250,000 refurbishment which will aim to be completed by reopening in May, according to Star Pubs and Bars and Webb Enterprises. The investment includes a new 40-seater restaurant extension which will aim to reduce overflow dining in the bar. Other internal improvements…
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8 March
Deliveroo losses narrow to £233.7m ahead of London float
Deliveroo has revealed a narrowing of its losses to £233.7m during 2020 while also confirming its London stock market floatation. The food delivery app gave prospective investors an insight into its financial performance today (8 March, as part of the launch of its Initial Public Offering (IPO). Its trading update showed…
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8 March
Hospitality ‘generally optimistic’ despite Covid disruption, study finds
Despite the effects of the Covid-19 pandemic on the industry, hospitality businesses are “mostly positive” about the future, according to a survey of 141 sector operators by accountancy firm Haysmacintyre. The 2021 Haysmacintyre ‘UK Hospitality Snapshot Survey’ revealed “encouraging signs of confidence” amongst the sector, even before the prime minister…
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8 March
Domino’s offloads Swedish arm to focus on UK operations
Domino’s Pizza has announced that it has reached an agreement to offload its Swedish arm in order to allow the group to focus on its core UK and Ireland operations. Its entire shareholding in PPS Foods AB, or Domino’s Sweden, has been sold to Eyja fjárfestingafélag III EHF, a wholly…
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8 March
Antic London secures CBILS funding package
Antic London, a pub group based in England’s capital, has received a CBILS funding package from ThinCats, a finance provider to mid-sized SMEs. Founded in 1999, Antic finds alternative and unusual properties in recently rejuvenated and well-situated areas, before turning them into “landmark locals” for the surrounding communities. The investment…
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8 March
Pubs and restaurants to receive £770.2m in grant money
Hotels and guest houses are set to receive £165.9m due to the government’s ‘Restart Grants’ scheme’, according to Atlus Group. The real estate advisor estimates pubs, restaurants, hotels and guest houses will receive £936m overall as part of the government’s ‘Restart Grants’ scheme to mitigate the economic damage caused by…
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5 March
UKH warns business rates cap may endanger mid-sized firms
UKHospitality has warned that the £2m cap the government has imposed on business rates relief “could threaten the survival of jobs and businesses” for many mid-sized firms. The warning comes after the cap was unveiled as part of the chancellor’s budget announcement on Wednesday (3 March). As part of the…
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