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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May- 2020 -14 May
Marston’s agrees £70m banking facility
Pub operator Marston’s has revealed it has agreed a £70m banking facility to help improve its liquidity during the ongoing coronavirus pandemic. In a Covid-19 specific trading update it said it has taken a “highly prudent approach” in its management of the business during this period. It added that all…
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14 May
Brighton Pier Group details cash-saving measures
The Brighton Pier Group has secured £5m in loans in order to shore up cash during the pandemic. Both term loans are for a period of two years and nine months, and are in addition to the group’s existing term debt and revolving credit facility. A loan repayment holiday on…
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14 May
BBPA welcomes new task force for pubs and restaurants
The British Beer and Pub Association (BBPA) has welcomed the creation of five new ministerial-led task forces to develop plans for how and when closed sectors can reopen safely, following publication of the UK’s roadmap to rebuild Britain. One of the new task forces will specifically look at pubs and…
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13 May
Hospitality reacts to furlough scheme extension
The hospitality industry has reacted to the chancellor’s announcement yesterday that he was to extend the government’s furlough scheme to the end of October calling it a “sensible and timely” move that has “prevented thousands of redundancies”. Yesterday (12 May) Rishi Sunak revealed that “no changes whatsoever” will be made…
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13 May
Police appeal following arson attack at Alderley Edge restaurant
Detectives investigating an arson attack at a Chinese restaurant in Alderley Edge, Cheshire, are appealing for information from members of the public. The YU restaurant on Wilmslow Road was broken into at around 3.30am on Saturday 9 May. Cheshire Police said the fire only caused “relatively minor” damage to the…
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13 May
UK economy shrinks by 2% as pandemic takes its toll
The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19 pandemic. This is according to new data from the Office for National Statistics (ONS), which also found that gross domestic product (GDP) fell by 5.8% during March, the largest fall…
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13 May
McDonald’s to reopen all Drive-Thrus by June
McDonald’s has revealed its plans to reopen all of its Drive-Thrus by early June, in line with ongoing government guidelines. News of the phased reopening comes as the fast-food giant has today (13 May) reopened 15 pilot restaurants in the South East of England to offer a delivery-only service to…
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13 May
Starbucks to reopen 150 UK stores for takeaway and delivery
Starbucks has announced the reopening of 150 of its UK sites from tomorrow (14 May), amid the Covid-19 pandemic. With the easing of restrictions allowing more travel on roads, beginning 14 May it will begin a phased reopening of Starbucks drive-thru locations across the UK as well as a handful…
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12 May
Chancellor extends furlough scheme until October
Chancellor of the Exchequer Rishi Sunak has extended the Government’s furlough scheme until the end of October. Announcing the decision in the house of commons today (12 May) Sunak revealed that “no changes whatsoever” will be made to the current scheme until the end of July. However he noted that…
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12 May
Pret reopens a further 71 sites
Pret A Manger has continued the gradual reopening of its UK store estate with the announcement of a further 71 of its stores now open for takeaway and delivery. Pret had previously reopened 30 initial sites in and around London last month however the new reopenings include sites in Birmingham,…
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