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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Jan- 2025 -3 January
Wasabi eyes expansion amid return to profit
Wasabi has revealed that it posted a profit of £21.9m for the year ended 31 December 2023. The company stated that this was down to a “solid performance” which improved profitability as it balanced inflationary pressure with value for money for customers. As a result of this, the company stated…
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3 January
Hospitality sales rise 2.7% in run-up to Xmas
Hospitality groups recorded year-on-year sales growth of 2.7% in the run-up to Christmas during the week beginning 16 December, according to CGA by NIQ’s Hospitality Business Tracker. It comes as year-on-year sales failed to meet inflation in six out of the past 11 months, which left operators to balance fine…
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3 January
CH&CO CEO recognised in His Majesty The King’s New Year Honours List
CEO of catering firm CH&CO, Bill Toner, has been awarded an MBE for services to the Hospitality Sector in His Majesty The King’s New Year Honours List 2025. Toner has been awarded an MBE in recognition of his “illustrious” career and his “outstanding” contribution to the hospitality industry. From his…
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2 January
Today’s news in brief – 02/01/25
Pizza Hut’s UK operator is “in advanced talks” with potential bidders to wrap up a deal to secure its futures, according to Sky News. Heart With Smart (HWS), Pizza Hut’s biggest UK franchisee, which operates roughly 140 Pizza Hut dine-in restaurants, is expecting to select a preferred bidder in January.…
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2 January
Eataly sees losses reach £5m
Italian food hall and market Eataly has seen its pre-tax losses rise to £5m for the year ended 31 December 2023, compared with a loss of £1.29m in 2022. The company stated that its sales and margins increased, and labour cost decreased from the previous year, however energy prices had…
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2 January
More than 34 pubs a month stopped trading in 2024, data finds
The number of pubs that stopped trading permanently across England and Wales rose by 6.7% on 2023 levels, with more than 34 a month calling last orders for the final time in 2024, according to analysis of official government data by Altus Group. The commercial real estate adviser found that…
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2 January
Star Pubs to invest £60k in Six Nations support for pubs
Star Pubs has announced it will invest over £60,000 in Six Nations 2025 Championship rugby pub support. Following unprecedented demand for its Six Nations 2024 Championship rugby materials, the £60,000 will be the group’s biggest ever package of free support and will include 1,400 promotional kits, staff training and a…
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2 January
Pizza Hut’s UK operator in ‘advanced talks’ with potential bidders
Pizza Hut’s UK operator is reportedly in “advanced talks” with potential bidders to wrap up a deal to secure its future, Sky News has learnt. According to Sky, Heart With Smart (HWS), Pizza Hut’s biggest UK franchisee which operates roughly 140 Pizza Hut dine-in restaurants, is expecting to select a…
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Dec- 2024 -24 December
Admiral Taverns invests £800k in three sites
Admiral Taverns has revealed that it has invested £800k in three pubs; The Silkstone Arms in Sheffield, The Eagle in Braintree and The Wonder in Oldbury. The Silkstone Arms has had an investment of nearly £220,000 including a complete transformation including a revamped bar area and brand-new fixtures, fittings, flooring…
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24 December
UKH calls on gov to rethink approach to NIC changes
UKHospitality has called on the government to “rethink its approach” to upcoming changes to National Insurance contributions, warning that proper consultation and engagement is needed before the changes are implemented next year. It comes as revised figures from the Office for National Statistics yesterday showed that the UK economy had…
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