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- 2021 -21 January
Anand raises £200m for pub sector spending spree
Rooney Anand, the former chief executive at Greene King, has raised £200m to invest in the UK’s faltering pubs sector, Sky News has revealed. The investment is likely to come in a series of acquisitions in the coming months, in a bet on an industry-wide post-pandemic recovery. While sources told…
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21 January
Tennents invests in removing plastic packaging from lager cans
Tennents has announced a £7m investment in packaging equipment at Wellpark Brewery which will aim on eradicating 150 tonnes of plastic from the group’s Lager can packs by 2022, which includes more than 100 million plastic (hi- and mid-cone) rings. The investment, first announced in October 2019 as part of…
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20 January
M&A in the Food and Beverage sector down to 2009 levels
The UK F&B M&A market showed “encouraging signs of recovery” in the last four months of the year, however deals were still “significantly down” on 2019 levels according to the latest report from Oghma Partners. The report found that total deal volume for the period amounted to 28 transactions which…
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20 January
JD Wetherspoon undergoes £90m share placing
UK pub company, JD Wetherspoon, is raising capital through its investors for the second time during the pandemic via an accelerated share placing of over £90m. A total of 8,370,000 new ordinary shares have been placed on the exchange by Investec Bank at a price of 1,120p per share, bringing…
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20 January
CFL calls for food college to boost London culinary training
Centre for London (CFL) has called for the creation of a college of food to boost the capital’s strengths as a centre of culinary research, development and innovation. The college would help develop capacities, “scope out” consumer trends, assess the impact of innovative approaches to sourcing or hospitality management as…
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20 January
UKH calls for business rates holiday and VAT cut extension
UKHospitality (UKH) has written to the chancellor calling for an additional support package to accelerate the sector’s revival in 2021. The trade organisation asked the government to consider enacting further business rates holiday for hospitality businesses and an extension of the VAT cut to 5% for a further 12 months,…
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19 January
Food trends accelerated by Covid-19 could cause ‘fundamental shift’
The effects of Covid-19 have caused an “acceleration in foodservice trends which are set to continue long after the pandemic”, according to a new report. ‘Foodservice Trends 2021 and Beyond’ points to some of the “new and innovative” ways in which operators have reached their customer base, and examines how…
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19 January
Deliveroo onboards Next CEO as non-executive director
Deliveroo has appointed the CEO of Next, Simon Wolfson, to its board as a non-executive director. The online delivery service which has forecasted an increase in growth in 2021, revealed that Wolfson started his role this week – working alongside Claudia Arney the company’s first chair. The onboarding of the…
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19 January
Greene King to launch Covid-19 emergency funds for staff
Greene King has announced it will be launching its second Covid-19 emergency support fund to help its team members during the third lockdown. The new Team Member Support Fund follows the first fund which ran from March to June last year, in which the pub group donated £650,000 in grants…
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19 January
Sunak looks to raise corporation tax in March budget
Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the economic impact of Covid-19. However, it…
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