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.
-
Oct- 2024 -2 October
Today’s news in brief – 02/10/24
Shepherd Neame’s revenues have hit a “record” £172.3m for the year ended 29 June, following strong performances in London and its tenanted pubs division. It comes as divisional revenues in tenanted pubs grew by 5.1% to £35.6m during the year, with divisional underlying operating profits inching up to £12.8m from…
Read More » -
2 October
QSRP acquires majority stake in Chopstix
QSRP has announced a strategic investment in Chopstix, acquiring a majority stake in the QSR chain for an undisclosed sum. The partnership is aiming to accelerate growth and innovation for both QSRP and Chopstix across the UK and Europe. The investment aligns with QSRP’s strategy to enlarge and diversify its…
Read More » -
2 October
Shepherd Neame FY revenues rise 3.6% to ‘record’ £172.3m
Shepherd Neame has revealed that revenues rose by 3.6% to a “record” £172.3m for the year ended 29 June, following strong performances in London and its tenanted pubs division. It comes as divisional revenues in tenanted pubs grew by 5.1% to £35.6m during the year, with divisional underlying operating profits…
Read More » -
2 October
Trio of F&B brands to open at Festival Place
Boswells, Heavenly Desserts and Wagamama are set to open new locations at the shopping destination in Basingstoke. Opening in Bedford Square, Boswells is a family-run cafe business established in 1972, operating throughout the South, South West and Wales. The cafe will offer a menu of made to order food, including…
Read More » -
2 October
UK F&B M&A up 32.4% in Q2 2024
The UK Food and Beverage M&A activity saw an increase of 32.4% year on year in Q2 2024, with 49 transactions completed, according to a new report from corporate finance house, Oghma Partners. The estimated deal value surged to approximately £6.0bn, primarily driven by a few large deals such as…
Read More » -
1 October
Today’s news in brief – 01/10/24
Greggs has reported “good” like-for-like sales growth over Q3. According to the high street bakery chain, September proved to be the strongest month of the quarter, having launched its autumn menu that includes pumpkin spice doughnuts and lattes. The group expects its full year guidance for capital expenditure in 2024…
Read More » -
1 October
Admiral Taverns unveils The Goodrest Tavern refurb
Admiral Taverns has unveiled its £178,000 refurbishment of The Goodrest Tavern in Worcester. As part of the investment, the pub has revamped its games offering by updating the dartboards, pool tables and skittle alley for customers to enjoy. In addition the outside of the pub now features a spacious beer…
Read More » -
1 October
Cooks Coffee non-exec director steps down
Cooks Coffee Limited has announced that independent director Paul Elliot has stepped down from the board with effect from 30 September. The company has also announced that Gordon Robinson, UK based independent director, will assume the role of chair of the audit committee. Robinson was recently appointed to the board…
Read More » -
1 October
Punch Pubs and Co acquires The Straw Bear, Peterborough
Punch Pubs and Co has announced the acquisition of The Straw Bear pub in the Peterborough suburb of Whittlesey for an undisclosed sum. The traditional wet-led pub dates back to the mid-20th Century, located in the market town of Whittlesey just six miles east of Peterborough. It will sit within…
Read More » -
1 October
Greggs sales rise 10.6% in Q3
Greggs has reported “good” like-for-like sales growth over the Q3 ended 28 September, as total sales rose 10.6% and like-for-like sales in company-managed shops rose by 5% against the same period last year. According to the high street bakery chain, September proved to be the strongest month of the quarter,…
Read More »
