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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Nov- 2024 -11 November
UKH warns budget will cause job losses, closures and reduced investment
UKHospitality alongside notable hospitality bosses have warned the chancellor that plans outlined in the autumn budget will cause small business closures, job losses and reduced investment in the sector. Kate Nicholls, chief executive of UKHospitality, and UKHospitality board members, which includes the bosses of Fuller’s, Stonegate Group and Whitbread, have…
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11 November
Soho Coffee unveils new store format with Westfield opening
Soho Coffee has officially opened its newest concept – Soho Coffee and Kitchen – in Westfield, London, which aims to “redefine the coffee shop experience” with a focus on community, comfort and craftsmanship. The store features a welcoming seating area both inside and outside to encourage socialising, working or unwinding. …
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8 November
Today’s news in brief – 08/11/24
Krispy Kreme has seen Q3 losses widen to $16m (£12.9m), up from a loss of $2.1m (£1.7m) in the previous year, as the UK market underperformed over the period. It comes as net revenues fell by 6.8% to $379.9m (£305.9m), down from $407.4m (£328.2m). Despite this, organic sales rose by…
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8 November
Krispy Kreme falls to $16m loss in Q3 as UK market underperforms
Krispy Kreme has seen losses widen to $16m (£12.9m) in its third quarter, up from a loss of $2.1m ( £1.7m) the prior year, as the UK market underperformed over the period. In the quarter ended 29 September 2024, net revenues fell by 6.8% to $379.9m (£305.9m), down from $407.4m…
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8 November
Blind Tiger Inns invests in 20th pub alongside Star Pubs
North West pub company Blind Tiger Inns has acquired its 20th pub, The Stanley Arms, with Star Pubs, increasing its estate to 22 sites. Star and Blind Tiger are now carrying out a joint £150,000 refurbishment of the pub on Lancaster Road in the centre of Preston before reopening it…
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8 November
Rick Stein Group named in 100 Best Companies to Work For survey
The Rick Stein Group has been named as one of this year’s 100 Best Large Companies To Work For by Best Companies, an independent authority surveying UK workplace culture and employee engagement. News of the family-run business’ accolade comes after the awards evening that was held yesterday (7 November). Ranking…
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8 November
UKH welcomes ‘short-term’ fix of interest rates cut
UKHospitality has welcomed the Bank of England’s interest rates cut from 5% to 4.75%, saying it is “positive news in the short-term”, particularly those still struggling with pandemic debt repayments, and consumer confidence. However, the trade body said it believes the benefits of this cut is overshadowed by the looming…
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8 November
Claro opens at St James’s
Eastern Mediterranean restaurant Claro has opened its doors in St James’s London. The restaurant was founded by a close-knit team of four partners, all long-time friends. Led by chef Shadi Issawy, the London kitchen offers a dining experience that mirrors the “celebrated” culinary approach of their restaurant in Tel Aviv,…
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7 November
Today’s news in brief – 07/11/24
Wetherspoon boss Tim Martin has warned of rising prices following the autumn budget, though the pub group intends to “make every attempt to stay as competitive as possible”. It comes as Wetherspoon has reported that LFL sales in Q1 were 5.9% higher than the same period last year, as bar…
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7 November
Bubbleology continues expansion with Newcastle opening
Bubble tea brand Bubbleology is expanding its presence in the North of England with the opening of its first site in Newcastle. Set to open on 10 November in Eldon Square, the opening marks the brand’s debut in the city as it continues to grow its portfolio of retail sites…
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