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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Dec- 2020 -11 December
Oakman Group aims to raise £4.5m in capital
Oakman Group, an independent pub group, has opened up its investment opportunities with an aim to raise £4.5m in capital. The company, which currently operates 27 sites across the south of England and the West Midlands, is offering the minimum buy-in to the company at 350 shares, or £962.50 per…
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11 December
Hospitality restrictions have halved economic growth, UKH claims
UKHospitality has claimed that restrictions on the country’s hospitality sector have almost halved the UK’s economic growth, with the situation only likely to get worse. The report follows the new figures released by the Office for National Statistics (ONS) which showed that nearly half (45%) of UK businesses currently trading…
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10 December
‘No hard evidence’ behind curfew, admits Vallance
Sir Patrick Vallance has admitted there was “no hard evidence” behind the Government’s controversial 10pm curfew rule imposed on hospitality businesses under the previous tiered restriction system. Speaking to ministers on the Commons science committee yesterday, when asked by the committee whether there was any specific modelling behind the restrictions…
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10 December
Just Eat to create 1000 jobs as part of new agency work model
Digital delivery company Just Eat has announced plans to create 1000 new job roles as part of its new agency worker model for couriers in the UK. The plan which is set to be rolled in March 2021 will see all people contracted to work for the service entitled to…
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10 December
Marston’s swings to £397m loss
Marston’s, the British brewery, pub and hotel operator, has reported a loss of £397m in the 53 weeks ended 3 October 2020. The company’s total revenue fell sharply from £1.17bn in 2019 to £821m this year, as sales were greatly reduced by the 15-week closure of pubs from the end…
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10 December
San Carlo set to open new restaurant in 2021
San Carlo Restaurant Group has announced it is set to launch a new Italian restaurant concept in Spring 2021. The 6,000 square feet, 200 cover restaurant with two outdoor dining terraces, will open at St Christopher’s Place in London. Founded in 1992, San Carlo is owned by the Distefano family…
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9 December
STLA slams Scotland’s new Covid measures
The Scottish Licensed Trade Association (SLTA) has called for proper “financial compensation” for hospitality business in response to the First Minister’s decision to loosen Covid-19 restrictions. Yesterday, the Scottish government announced that more than two million people who have been living under the strictest Covid-19 protection levels for three weeks…
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9 December
UKH: New rent moratoria will help avoid ‘immediate bloodbath’
The recent extension to the lease forfeiture and debt enforcement moratoria will help avoid an “immediate bloodbath” of business failures across hospitality, but it must be accompanied by support to resolve Covid-related rent debt, UKHospitality has warned. The trade body has welcomed today’s announcement by communities secretary Robert Jenrick that…
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9 December
Gordon Ramsay to expand London portfolio
Gordon Ramsay is expanding his presence in London with the opening of five separate restaurants across the capital, according to the Evening Standard. The celebrity chef, who operates 35 worldwide restaurants, will be extending his Street Concept brand, with the latest Street Pizza concept launching on 4 December in Southwark.…
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9 December
Stonegate Pub Company to continue business support
Stonegate Pub Company has announced its continued business support within its leased and tenanted business and Ei Publican Partnership in response to the government’s new Covid-19 tier system. The additional support will include credits of 90% for rent, “tie release fees and fixtures” and fitting rental charges for all tied…
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