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- 2018 -18 May
College students taste success at NECTA competition
Newcastle College was named the best culinary college in the region at this year’s North East Culinary Trade Association (NECTA) Competition. The team came out on top in each team category and placed first in the food service round before being named Culinary Team of the Year and College of…
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17 May
34 Carluccio’s restaurants to close after it announces CVA
Italian restaurant chain Carluccio’s has announced it is to close 34 restaurants as part of a recently announced company voluntary agreement (CVA). As many 103 UK sites are also set to “exit” as part of restructuring at the company. The CVA, yet to be approved by creditors will see the…
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17 May
Gordon Ramsay’s flagship Maze to close following £3.8m loss
Gordon Ramsay’s flagship Maze restaurant in Mayfair is set to close after reporting a £3.8m pre-tax loss for the year ending August 2017. Kavalake, the holding company for the firm, will close the flagship outlet in January next year while it plans to open five new restaurant concepts overseas, including…
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17 May
Carluccio’s to address CVA rumours ‘this afternoon’
Italian restaurant chain Carluccio will issue a statement this afternoon regarding rumours of a potential company voluntary agreement (CVA), Catering Today can reveal. Accountancy firm KPMG is rumoured to be overseeing the restructuring of the business and did not deny the rumours when asked by Catering Today. The work would…
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17 May
Pubs need government support amid betting stake cut, says UKHospitality
Trade association UKHospitality has called on the government to offer pubs support as it announced it was cutting the maximum stake for fixed-odds betting from £100 to £2 in a bid to tackle gambling addiction. Saying that Category C and D gaming machines were a “vital revenue stream for many…
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16 May
Deliveroo to give equity to employees
Food delivery company Deliveroo has announced that it is to make all of its employees shareholders in the company. The move will mean all permanent staff, present and future, will be given share options in the company. The move will be worth nearly £10m in total for the majority of…
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16 May
Mitchells and Butlers see profits slip amid cold weather and rising costs
Pub group Mitchells and Butlers has reported a profit drop of 5.4% to £141m compared with the same period last year. The company behind Harvester, Toby Carvery and All Bar One said that it was “adversely impacted” by an estimated £8m due to weather as well as disposals made last…
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16 May
Cost pressures could risk sector jobs, UKHospitality warns
The UK’s largest hospitality industry trade association, UKHospitality, has warned the government that taxation and regulatory pressures risk undoing the job creation carried out by the hospitality sector since 2008. The warning follows the publication of data by the Office for National Statistics (ONS) that shows there are 31,000 fewer…
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16 May
Mystery surrounds ownership of 57,227 UK companies
Around 57,227 British companies are still not complying with new measures brought in to counter fraud and money laundering, according to big data and anti-money laundering (AML) firm Fortytwo Data. The businesses are not yet compliant with new regulations which states they must declare those people with significant control (PSCs)…
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16 May
Arrival of Abba restaurant thwarted by local residents
London’s Waterloo locals have stopped plans for an Abba themed restaurant in the area after it originally passed planning permission. The Waterloo Residents’ Alliance protested on the vacant land ahead of a key planning meeting and put up ‘Stop Mamma Mia Party’ signs. Lambeth Council received 198 objections and a…
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