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 -18 October
Over 1,200 pubs will likely shut down this year, CAMRA says
Over 1,200 pubs will likely be shuttered this year, compared to around 1000 in 2023, and just over 800 in 2022, new data from CAMRA has revealed. Figures released today by the Campaign show the “alarming” rate of licensee turnover in the pub trade as the crushing weight of unfair…
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18 October
Compass One acquires Peabodys Coffee
Compass One, part of Compass Group UK and Ireland, has acquired Peabodys Coffee, the provider of quality food and beverages within healthcare environments, as it seeks to expand in the NHS. Led by Claudia Mascino, MD, Peabodys Coffee started its journey in 1997 in London hospitals, with food that is…
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17 October
Today’s news in brief – 17/10/24
Deliveroo’s GTV rose 6% to £1.7bn in Q3 as the company maintains its full year guidance. Total orders increased 2%, while GTV per order was up 4% in constant currency and revenue increased 4% to £498m. In the UK&I, GTV growth reached £1bn, a 7% increase year-on-year, with order growth…
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17 October
Deliveroo GTV reaches £1.7bn in Q3
Deliveroo saw its gross transaction value (GTV) increase 6% to £1.7bn in the third quarter as the company maintains its full year guidance. Total orders increased 2%, while GTV per order was up 4% in constant currency and revenue increased 4% to £498m. In UKI, GTV growth reached £1bn, a…
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17 October
Whitbread to offload 51 F&B sites for £56m
Whitbread has accepted offers on 51 F&B locations for £56m, as part of the hotel operator’s plans to exit a total of 126 branded restaurants and convert a further 112 into 3,500 rooms with an integrated F&B offering. According to the group, it is currently working with its advisers and…
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17 October
Boxcar Group launches Bread and Wine in Connaught Village
Boxcar Group has announced the launch of its third venue, Bread and Wine in Connaught Village, Hyde Park London. The new venue will be an all-day dining destination and will have 70 covers across indoor and outdoor areas. The venue will be led by head chef Zisis Gkalmpenis who will…
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17 October
The Caledonian Edinburgh to launch new F&B site, The Court
The Caledonian Edinburgh hotel is set to unveil its brand-new food and drink destination The Court later this month. The news follows Henderson Park’s £35m investment in renovation and the hotel’s transition to join Curio Collection by Hilton. The transformation to the food and drink offering will be one of…
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16 October
Today’s news in brief – 16/10/24
Hospitality business rates will likely hit £914m, UKH has warned, as September’s CPI inflation data will cause an additional £48m increase to business rates. As a result of this, the trade body is calling on the chancellor to introduce a lower, permanent and universal multiplier for hospitality. Just Eat orders…
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16 October
Plant Based World Expo Europe to open at ExCeL London in November
Plant Based World Expo Europe has revealed it will be opening at ExCeL London between 13 and 14 November 2024 to display a full breadth of innovation and trends in the plant-based sector. This two-day event for the F&B industry will feature an international exhibition with over 100 exhibitors and…
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16 October
Hospitality business rates to hit £914m, UKH warns
September’s CPI inflation data will cause an additional £48m increase to business rates meaning the overall bill, set for April, will likely hit £914m, according to UKHospitality. As a result of this the trade body is calling on the chancellor to introduce a lower, permanent and universal multiplier for hospitality.…
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