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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Oct- 2024 -28 October
Weekly drinks sales drop 5% amid tough comparatives
Average drinks sales in managed venues in the week ended 12 October were 5% down on the same period last year, according to data from CGA. October 2023 benefited from warm weather across most of the country and the closing stages of the Rugby World Cup. The latest numbers continue…
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28 October
Tortilla and SSP expand franchise partnership
Tortilla has announced a “significant” expansion of its partnership with global food travel group SSP today (28 October), which will see it grow its presence across UK travel hubs. The new five-year agreement will see Tortilla’s presence in SSP-operated locations triple in size in the UK, from six to 18…
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28 October
54% of hospitality firms to cut jobs and investment if rates relief ends
More than half of pubs and hospitality businesses would cut jobs (54%) and cancel investment (51%) if bills quadrupled when business rates relief ends in April, according to a new joint survey conducted by the British Beer and Pub Association, British Institute of Innkeeping and UKHospitality. The report also highlighted…
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25 October
Today’s news in brief – 25/10/24
Punch Pubs has reported a 43.6% uplift in operating profits for the year ended 11 August, following a successful acquisition strategy. It comes as total revenues at the pub group also rose 3.45% from £313.5m to £324.3m in the current period. The group currently comprises 1,258 pubs, 92% of which…
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25 October
Michael’s Coffee House to launch in Manchester Arndale
Michael’s Coffee House has announced that it is set to open a new store in the Manchester Arndale. The independent Manchester brand has revealed it has signed a 10-year lease to occupy a 544 sq ft space on Halle Place. As well as serving a variety of hot beverages, Michael’s…
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25 October
Punch Pubs FY operating profits rise 43.6% to £48.4m
Punch Pubs has reported a 43.6% uplift in operating profits from £33.7m to £48.4m for the year ended 11 August, following a successful acquisition strategy. During the year, the group acquired 36 pubs at a total cost of £25.2m, which was funded from available cash resources and drawing on the…
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25 October
Beds and Bars appoints new CEO following MD departure
Beds and Bars Ltd, the operator of backpacker hostels, bars and pubs across Europe, has announced Luke Knowles as the new CEO following the retirement of Murray Roberts as managing director. Roberts has spent nearly three decades with the group, the last 10 as managing director. His journey with the…
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25 October
Dim Sum by China Tang opens at Harrods Dining Hall
Cantonese restaurant Dim Sum by China Tang has opened its doors at Harrods Dining Hall, nearly two decades after opening its doors at The Dorchester. Located on the ground floor of Harrods in the Dining Hall, with 25 covers, Dim Sum by China Tang marks a significant expansion for this…
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24 October
Today’s news in brief – 24/10/24
Hospitality groups recorded a YoY sales rise of 1.7% in September, meaning that managed venues have achieved like-for-like increases in eight of the nine months to September 2024. While this is a welcome improvement, it is a sign of the continuing challenges to real-term growth, as the sector enters the…
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24 October
New all-day restaurant Silva to open in Mayfair
New all-day restaurant Silva has announced that it is set to open in Mayfair in November. Serving breakfast/brunch, lunch and dinner, Silva boasts 91 covers across two floors and an outside terrace. The restaurant is joined on the first floor by a snug bar and a private dining room, ‘The…
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