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 -18 November
Hera Restaurant to open at Stratford Cross
Greek cuisine restaurant Hera is set to open its doors on 21 November 2024 at Stratford Cross. Named after the Greek goddess, the new site is a 200 seater restaurant and boasts a colour palette of warm aubergine, copper and gold. The restaurant’s menu is divided into four sections, namely…
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15 November
Today’s news in brief – 15/11/24
Young’s total revenues for H1 rose 27.2% to £250m, as like-for-like revenues rose 4.4% due to an “excellent” Euros turnout. Despite continued National Living Wage increases of almost 10%, utility costs and dual running costs from Young’s City Pub Group acquisition in the first quarter, adjusted operating profits rose by…
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15 November
Roxy Leisure to open London venue
Roxy Leisure has announced it will be bringing its multi-format competitive socialising concept to London in Spring 2025. Roxy Ball Room, London, will be located at St Mary Axe, opposite the Gherkin and will feature the brand’s array of activities. This includes tech darts, basketball, beer pong, duck pin bowling,…
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15 November
New ice cream shop and wine bar to open in De Beauvoir in December
An artisanal ice cream shop and wine bar called The Dreamery is set to open its doors on 5 December in De Beauvoir, London. Following the success of their “acclaimed” Islington wine bar and restaurant, Goodbye Horses, and the adjacent coffee shop, Day Trip, co-founders Alex Young and George de…
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15 November
Young’s H1 revenues rise 27.2% to £250m
Young’s has reported that total revenues rose 27.2% to £250m for the 26-week period to 30 September, as like-for-like revenues rose 4.4% due to an “excellent” Euros turnout. During the period, adjusted EBITDA also rose 23.2% to £59m and managed house EBITDA increased by 25.1% to £73.8m. Despite continued National…
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15 November
Compass teams up with Street League to create jobs for the future
Compass Group UK and Ireland, the UK’s largest food and services provider, and Street League have teamed up to create learning and job opportunities for young unemployed people, aimed at giving them skills for future success. Street League uses sport to tackle poverty and give young people opportunities to succeed…
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14 November
Business leaders’ confidence drops as costs rise
Optimism among Britain’s hospitality leaders has taken a sharp downward turn with only 41% of leaders feeling confident about prospects for their business over the next 12 months, according to data from CGA. This is a dip of 8 percentage points from August’s figure of 49%, a fourth quarter-on-quarter decline…
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14 November
Just Eat sells GrubHub to startup for $650m
Just Eat has struck a deal to sell GrubHub to food delivery startup Wonder Group for $650m (£513m). The transaction is expected to complete in Q1 2025, with Just Eat expecting profits from the deal to be as much as $50m (£39m). Jitse Groen, founder and CEO of Just Eat,…
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14 November
Stonegate unveils new Heritage Pubs and Pubsmiths formats
Stonegate has launched two new distinctive pub formats, Heritage Pubs and Pubsmiths, within its managed estate. The strategic move marks the evolution of its food-focused offer and aims to deliver “exceptional” guest experiences by aligning each pub with the needs and preferences of its surrounding community. Both formats consist of…
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13 November
Today’s news in brief – 13/11/24
Fuller’s adjusted PBT jumped by 21% to £17.6m for H1 to 28 September, as like-for-like sales in its managed pubs and hostels rose by 5.2%. Fuller’s has seen growth in all areas of the business, with food like-for-like sales rising 5.5%, and drink and accommodation both rising 4.9%. Excel London…
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