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.
-
Nov- 2024 -7 November
Bank of England cuts interest rates to 4.75%
The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The bank voted by a majority of 8–1 to reduce Bank Rate by 0.25 percentage points to 4.75%. One member preferred to maintain the previous rate of 5%. It had…
Read More » -
7 November
Foodservice inflation falls to 2.4% in September
Foodservice price inflation fell to 2.4% in September, the 15th consecutive month of easing, according to data from CGA. However, nine out of ten categories show month-on-month price increases highlighting persistent inflationary pressures. This marks the fourth consecutive month of overall month-on-month inflation. The Vegetables category continues to report high…
Read More » -
7 November
Caffè Nero acquires London based FCB Coffee
The Nero Group, owner of Caffe Nero, Coffee#1, 200 Degrees, Harris + Hoole and Aroma, has announced it has completed the purchase of London-based coffee business FCB Coffee. FCB was founded in 1998 when it opened its first kiosk in London. The business has developed over the years and now…
Read More » -
7 November
Wetherspoon boss warns of rising prices following autumn budget
Wetherspoon chairman Tim Martin has said the pub group will “make every attempt to stay as competitive as possible” but warned of rising prices in hospitality following the autumn budget. It comes as JD Wetherspoon has reported that like-for-like sales in the first quarter to 3 November were 5.9% higher…
Read More » -
6 November
Today’s news in brief – 06/11/24
Domino’s has reported that total sales rose 3% to £374.8m in Q3, as total orders increased 3.5% on a comparable basis to 17.4 million. The group attributed its performance to delivery orders continuing its “strong” momentum, as it was up 6.6% against last year’s Q3 to 11.1 million. However, collection…
Read More » -
6 November
Domino’s sales hit £374m in Q3
Domino’s has announced that total sales were up 3% to £374.8m during the 13 weeks to 29 September. Total orders in Q3 were also up 3.5% on a comparable basis to 17.4m and up 4.3% on a reported basis. The group said that delivery orders continued their “strong” momentum and…
Read More » -
6 November
Levy Ireland launches Positive Carbon food waste reduction plan
Levy Ireland has announced the launch of a food waste reduction initiative in partnership with Positive Carbon. Levy will use Positive Carbon’s advanced food waste monitoring system to track and analyse discarded food items, providing accurate data and valuable insights on waste patterns. This information will help Levy Ireland teams…
Read More » -
6 November
Cornish Bakery named in latest Top 100 Retail Growth Index
Cornish Bakery has been cited as one of the only UK hospitality companies in this year’s Top 100 Interpath Retail Growth Index, as the chain achieved “record-breaking” sales of over £1m per week. The index, which tracks multiple sectors, from fashion to forecourts and hobbies to wellbeing, ranks their two-year…
Read More » -
6 November
No shows in hospitality reach record high of 14%
The number of consumers not showing up for their reservations in pubs, bars and restaurants is back to a record high, with 14% of guests not honouring reservations or informing venues in advance that they need to cancel, according to new figures from Zonal’s latest GO Technology report, in partnership…
Read More » -
5 November
Today’s news in brief – 05/11/24
UKH has coordinated a letter with other industry groups warning against Xmas tube strikes, which could cost hospitality businesses up to 70% of daily sales. As a result of the negotiation, Transport for London has abandoned its proposed changes to pay structures meaning all RMT members will receive the same…
Read More »
