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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Jun- 2020 -10 June
UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic
The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with the economy unlikely to be able to fully restart until a vaccine or effective treatments for the virus are available. This is according to KPMG UK’s latest quarterly Economic Outlook,…
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9 June
Sodexo reaffirms its sustainability commitments
Sodexo has announced it has reaffirmed its five key sustainability commitments to work with employees, clients and suppliers for a “more resilient and green economic recovery”. Sodexo said it is the first food services company with a carbon emission reduction objective in line with the Paris Agreement to limit global…
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9 June
Report predicts 50% fall in hospitality and foodservice turnover
The hospitality and foodservice sector will lose £23bn in the second half of 2020, achieving only 53% of 2019 income levels, according to a new report. Produced by Simon Stenning, founder of FutureFoodservice, the ‘Immediate Future’ of the UK Hospitality/Foodservice market’ report covers the 18 months from July 2020 to…
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9 June
Star Pubs and Bars extends rent concessions for entire estate
Star Pubs and Bars announced it has extended its rent reductions for its leased and tenanted pubs, ahead of the reopening of its sites this summer. The operator had previously cancelled a significant proportion of rent for licensees. Since 20 March, two thirds of its core leased and tenanted pubs…
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9 June
Pub trade body calls for clarity on beer garden reopenings
The British Beer and Pub Association (BBPA) has today told the government that it needs an “immediate” and “clear decision” on whether pubs with beer gardens can re-open from 22 June. The news follows as ministers are reportedly targeting 22 June as the date they hope to allow pubs and…
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8 June
Diageo GB announces new keg destruction programme
Diageo has announced a new programme to continue support for the British drinks trade from the impact of the Covid-19 crisis as it faces reopening. The new programme will allow the “safe retrieval” of kegs from cellars across the UK, with thousands of pubs and bars being able to benefit…
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8 June
Government green light needed to guarantee fresh beer in pubs for re-opening, says BBPA
The British Beer and Pub Association (BBPA) has today called on the government to ‘Get Britain Brewing Again’, by giving the UK’s 2,000 breweries sufficient notice and a definitive date for when pubs will reopen, enabling them to brew fresh beer and get it into pubs ready for their re-opening.…
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8 June
Revolution bars secures £15m from share placing
Revolution Bars Group has revealed it has raised £15m from a share placing. Revolution Bars said that subject to resolutions being passed at its general meeting to be held on or around 26 June 2020, in aggregate, 75,017,495 New Ordinary Shares are to be issued pursuant to the Firm Placing…
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8 June
The Restaurant Group confirms restructuring talks
The Restaurant Group has confirmed it has entered discussions with its landlords regarding the “potential restructuring” of its Leisure estate. The group’s Leisure Division, which includes its Frankie and Benny’s, Chiquito and Garfunkel’s sites, does not impact trading across the group’s Wagamama chain. It comes only days after news that…
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8 June
MPs set 22 June as target date for partial reopening of pubs and restaurants
Ministers are reportedly targeting 22 June as the date they hope to allow pubs and restaurants to open in some form. According to the Financial Times the government is aiming for the date to allow pub gardens and restaurants with outdoor spaces to be among the first in hospitality to…
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