News
The News section on Catering Today delivers the latest updates and developments across the UK hospitality and catering industry. Covering restaurants, pubs, quick service brands, and catering groups, it reports on company announcements, market performance, government policy, and sector-wide trends. With a focus on commercial and operational impact, Catering Today’s news coverage keeps hospitality professionals informed of the events and decisions shaping business conditions and strategic opportunities across the sector.
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Jun- 2020 -1 June
Losses at UK’s top 100 restaurant groups jump 94% to £151m
Losses at the UK’ Top 100 restaurant groups increased 94% to £151m last year, growing from a loss of £78m the year before, according to new research from UHY Hacker Young. The firm said the top 100 restaurant groups have seen losses “worsen in recent years” and this trend is…
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1 June
Fuller’s secures £100m loan
Fuller’s has announced its board has approved the issue of commercial paper under the Covid Corporate Financing Facility (CCFF) for an initial loan of £100m. The move comes as the group said its management has taken additional precautionary measures to ensure it is “in the best possible financial position”, with…
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1 June
All pubs will need to be open for tapered furlough to work, says BBPA
The British Beer and Pub Association (BBPA) has welcomed some aspects of the new furlough scheme announced by Chancellor Rishi Sunak, including the additional flexibility and gradual tapering from August. However, the trade association has warned that for the tapered support to work, all pubs need to be open and…
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May- 2020 -29 May
Compass Group acquires digital start-up Feedr
Compass Group UK and Ireland has acquired food and health technology start-up, Feedr, in a move to “accelerate its digital transformation”. The group said the deal was completed in early March 2020 and will play a key role in reshaping the companies “return to work” strategy. It added that it…
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29 May
Hospitality sector urges Sunak to maintain furlough scheme at 80% til October
The British Beer and Pub Association (BBPA), British Institute of Innkeeping (BII) and UKHospitality (UKH) have called on the chancellor to extend the Job Retention Scheme to October and increase its flexibility for the pub and hospitality sectors. In a letter to Rishi Sunak, the trade bodies have urged the…
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29 May
Monthly pay for hospitality workers down 40%, says Fourth
The majority of furloughed hospitality workers could be earning “significantly less” than 80% of their normal earnings, according to the latest research by Fourth. In light of workers no longer receiving the average addition of 25% tronc to their monthly pay, workers are only receiving 60% of their usual wage…
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28 May
Service sector sentiment plunges at ‘record pace’, CBI finds
Business optimism plunged across the service sector in the three months to May, according to the latest quarterly CBI Service Sector Survey. Following an uptick in sentiment over the previous quarter, optimism among business and professional services fell at the fastest pace since the financial crisis, while consumer services saw…
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28 May
Additional support for Scottish hospitality does not go far enough, says UKH
UKHospitality has warned that additional business support from the Scottish Government does not go far enough and will result in business failures and lost jobs. Yesterday, Cabinet Secretary for Economy, Fair Work and Culture, Fiona Hyslop, announced further support for Scottish businesses including extending the small business retail, hospitality and…
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28 May
UKH launches alliance for suppliers
UKHospitality has announced the launch of a supplier alliance in efforts to “provide a voice” for more businesses across the hospitality sector. In particular, the newly-formed alliance will push for government support for suppliers in line with operators, ensuring that any ongoing measures in support of hospitality includes the entire…
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28 May
CAMRA calls for greater financial support to see pubs through lockdown
The Campaign for Real Ale (CAMRA) has called on the government for greater financial support to see pubs through Covid-19 pandemic and post-lockdown. CAMRA national chairman Nik Antona said that the forced lockdown of the nation’s pubs could have a “devastating impact” on the industry, with estimates that up to…
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