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 -1 November
The Horseshoe Inn up for sale for £950,000
Restaurant with letting rooms The Horseshoe Inn has been brought to market with a freehold fixed price of £945,000. The business located in Eddleston, 30 minutes outside of Edinburgh, has eight en-suite letting rooms alongside a restaurant and bar. The restaurant and bar has been recognised with multiple awards, including…
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1 November
Budget to increase full-time cost of employment by £2,500, UKH reveals
The employment tax measures announced in the Autumn Budget will increase the cost of employing a full-time staff member by at least £2,500, UKHospitality has said. New analysis from the hospitality association has revealed that increases to employer NICs and wages will hit the hospitality industry “hardest”, with a 10%…
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1 November
Ikea unveils first Swedish restaurant in UK
Ikea has opened its first Swedish restaurant in Hammersmith, next to its recently revamped Ikea Hammersmith city store. The new restaurant is the first time Ikea has created an exclusive dining space on the high street. The space, formerly home to a Wasabi restaurant, has been kitted out to seat…
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Oct- 2024 -31 October
Henley Pub Co to launch The Duke
Henley Pub Co has acquired The Duke pub and restaurant on Duke Street through Brakspear in Henley on Thames. The 2600 sq ft pub and restaurant is undergoing an extensive refurbishment to create 65 covers, an enhanced bar area, dining room and a small courtyard. The menu will showcase small…
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31 October
Budget reaction: Rising costs ‘latest blow’ to sector’s recovery
The hospitality industry has criticised chancellor, Rachel Reeves’ first budget, with UKHospitality claiming it is the “latest blow” to the sector’s recovery. Yesterday, Reeves announced a series of measures aimed at raising £40bn in taxes, including employers’ national insurance contributions rising to 15%, alongside hikes in both the National Living…
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31 October
The Macallan Estate unveils TimeSpirit restaurant
The Macallan Estate has officially opened the new dining concept TimeSpirit in collaboration with three-time Michelin star Spanish restaurant El Celler de Can Roca. The Macallan and El Celler de Can Roca’s collaboration – TimeSpirit – will be the Spanish restaurant’s first dining concept outside of Spain and will offer…
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30 October
Today’s news in brief – 30/10/24
Honest Burgers has plans to quadruple the size of its business by 2030, as it announced “exceptional” H1 results with like-for-like sales rising 11% to hit £30m in revenues. The brand’s profitability is also ahead of forecast, with over 60% growth in EBITDA performance. Moreover, Honest Burgers has consistently been…
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30 October
Budget: Increases to employers’ NI and minimum wage
The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…
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30 October
Le Môme restaurant to open at The Berkeley in January
French restaurateurs Ugo and Antoine Lecorché will bring a version of their Cannes restaurants La Môme to The Berkeley hotel in January 2025. La Môme London will be the Lecorché brothers fourth venture, having opened La Môme Plage in 2018 and La Môme Monte Carlo in 2022. Like the sister…
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30 October
Honest Burgers unveils growth plans amid ‘exceptional’ H1 results
Honest Burgers has unveiled plans to quadruple the size of its business by 2030 amid “exceptional” H1 results with like-for-like sales growth of 11%, hitting £30m in revenues. The brand’s profitability is also ahead of forecast, with over 60% growth in EBITDA performance. Moreover, Honest Burgers has consistently been “outperforming”…
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