Today’s news in brief – 21/03/24

Shepherd Neame has reported record revenue growth of 4.3% to £89m in H1 2024. For the 26 weeks ended 23 December 2023, the group also saw its underlying EBITDA increase 5.2% to £12m and its underlying profit before tax grew by 9.9% to £3.8m. Retail like-for-like drink and food sales were up 8.9% and 3.7% respectively.  

KERB experienced its most profitable year as sales exceeded £23.5m in 2023 across a membership base of 150 traders. This comes as KERB bounced back from the pandemic, delivering almost 1,800 market trading days, almost 500 event opportunities, and 365 days of trading at its flagship food hall Seven Dials Market to members.

The top restaurant groups saw an 8% rise in delivery sales in February, CGA by NIQ has revealed, as consumers’ switched from takeaways to the convenience of ordering-in. The increase, which has beaten inflation, means groups have generated growth in at-home sales for nine months in a row. 

Chipotle will open a new site on Tottenham Court Road in London on 28 March. Chipotle currently has 18 locations in the greater London area and is the only company of its size that owns and operates all of its restaurants in the US, Canada, and Western Europe. This news follows the company’s most recent opening in Uxbridge London back in February.