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 -4 October
Today’s news in brief – 04/10/24
Wetherspoon has posted a profit before tax of £73.9m for the year ended 28 July, spelling a rise from £42.6m against the previous year. Alongside this, the company saw its revenues top £2bn in the period, up from £1.9bn last year. The chain now operates 800 pubs, down from 879…
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4 October
Inception Group revenues jump 16.7% in FY23
Inception Group’s turnover hit £26.5m in 2023, a 16.7% increase from £22.7m in 2022, as the 2023 financial year ended. The hospitality group, which owns venues including Bunga Bunga, Cahoots, and Mr Fogg’s, now forecasts a “record-breaking” year with projected revenues of £29m in 2024. However, group EBITDA during the…
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4 October
Wetherspoon PBT jumps 73% to £73.9m
Wetherspoon has revealed that it has posted a profit-before-tax of £73.9m for the year ended 28 July 2024, up from £42.6m in the previous year. Alongside this, the company saw its revenues top £2bn in the period, up from £1.9bn in the same period last year. Furthermore, the company’s like-for-like…
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4 October
SSP Group sees UK sales rise 12% in Q4
Operator of F&B outlets in travel locations, SSP Group, has reported that UK sales rose by 12%, with a like-for-like jump of 9%, during the fourth quarter ended 30 September. The group’s UK performance was driven by high demand in the air travel sector, a lower level of disruption in…
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4 October
Harbour House pub owners acquire Hooked on the Rock
Tamara Costin and William Speed, owners of Flushing’s Harbour House, a waterside Cornish pub, have purchased Hooked on the Rock, a seafood restaurant, at Swanpool Beach in Falmouth, for an undisclosed sum. The acting agent on the sale was Jeremey Beaching of SPC Property who was also the agent responsible…
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3 October
Today’s news in brief – 03/10/24
Blank Street Coffee saw its UK turnover rise sharply by 517% to £11.4m in the year ended 31 December 2023. The New York-based coffee chain first began trading in the UK in June 2022, so these results reflect its first full year in this market. While the group sustained a…
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3 October
London night czar to step down
Sadiq Khan’s London night czar Amy Lamé has announced that she will be stepping down at the end of the month after eight years in the role. The night czar was a new role created by Mr Khan following his election as mayor in 2016 focused on the capital’s nightlife.…
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3 October
Blank Street Coffee UK turnover leaps 517% in first full year
New York-based coffee chain Blank Street Coffee has reported that UK turnover rose sharply by 517% to £11.4m ($15.2m) in the year ended 31 December 2023. Group revenues in the UK were also higher than the £1.9m ($2.3m) generated in its first six months in the market. According to its…
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3 October
Alan Lorrimer leaves The Piano Works
The Piano Works has announced that its founder, Alan Lorrimer, has left the business after starting it nine years ago with operations director Tristan Moffat. Peter Thornton, the audience-requested live music venues’ chief financial officer and founding shareholder, is also departing. As a restaurateur, Lorrimer has been responsible for the…
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3 October
Penmaenuchaf Dolgellau appoints new head chef
Penmaenuchaf in Dolgellau, Gwynedd, has announced the appointment of Dan Andree as its new head chef. Currently head chef at Seren’s Oxwich restaurant, Beach House, Andree will replace current head chef Thomas Hine at Penmaenuchaf, ahead of his return to chef contracting. Throughout his role at Beach House, Andree has…
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