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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Feb- 2025 -7 February
Foodservice prices rise 1% in December as inflation concerns mount
Foodservice prices rose by 1% from November to December – the highest monthly jump since June 2024 – raising fears of renewed price pressures for the UK’s hospitality sector. While year-on-year inflation dropped to 1.9% in the final month of 2024, the latest Foodservice Price Index report from Prestige Purchasing…
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6 February
Today’s news in brief – 06/02/25
Di Maggio Restaurants is looking to expand after its FY turnover rose 7.8% to £49.5m. The Glasgow-based operator of 11 French and Italian hospitality concepts also revealed that its operating profit before exceptional items jumped by 21.5% to £6.2m in the period. The group is also trading profitably post year-end. …
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6 February
Comptoir Group reappoints former CEO
Comptoir Group, owner of the Comptoir Libanais and Shawa restaurant, has announced that it has reappointed Chaker Hanna as its CEO. Hanna takes over from Nick Ayerst who had been due to step down at the end of this month but will now leave the board and role immediately. Hanna…
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6 February
Casa Cruz appoints new head chef
Casa Cruz in Notting Hill has announced the appointment of Jacob Rowley as head chef, marking a new chapter for the restaurant as it approaches its 10th anniversary. Rowley joins Casa Cruz after a tenure at Hampshire’s Oakley Hall, where he received multiple “Restaurant of the Year” awards. His career…
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6 February
BoE cuts interest rates to 4.5%
The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June 2023, but warned that GDP growth has been “weaker than expected”. At its meeting this week, the bank’s monetary policy committee voted by a majority of 7–2 to reduce the…
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6 February
Company of Cooks secures £18m in London retained business
Catering firm Company of Cooks has extended its partnerships with all the Livery venues in its portfolio, securing over £18m in retained business in the UK capital. The deals, which range from three to five years, see Company of Cooks continue to exclusively manage and deliver a wide range of…
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6 February
Di Maggio Restaurants eyes expansion as FY turnover hits £49.5m
Di Maggio Restaurants Group (DRG), the operator of 11 French and Italian hospitality concepts, is looking to acquire further sites to expand the business as the group’s turnover rose 7.8% to £49.5m in the year to 28 April 2024. The Glasgow-based operator also revealed that its operating profit before exceptional…
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5 February
Today’s news in brief – 05/02/25
The Nero Group has seen a ‘record’ sales growth of 13.6% in H1, with sales reaching £310m – underpinned by an 8% rise in like-for-like sales. In the UK, Caffé Nero reported sales of £185.4m for the first half of the year, representing an overall growth of 11.4%. The airport…
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5 February
Storm Éowyn curtails drinks sales revival in January
Drinks sales in the UK fell 5% year-on-year in the seven days ended Saturday 25 January as Storm Éowyn caused people to stay at home, according to data from hospitality consultants CGA. Daily trade slumped 14% on Friday 24 January as Storm Éowyn raced in and many consumers were advised…
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5 February
Caffé Nero sales jump 13.6% in H1
The Nero group has reported a “record” sales growth of 13.6% for the first half of its financial year ended in November 2024. At group level, sales reached £310m, underpinned by an 8% increase in like-for-like sales. In the UK, Caffé Nero reported sales of £185.4m for the first half…
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