Covid-19
Our COVID-19 coverage captures the full impact of the pandemic on the UK’s foodservice and hospitality sector, from lockdown trading restrictions and government support schemes to recovery planning, operational adaptations, and long-term business implications. This includes essential reporting for restaurant operators, pub landlords, caterers, chefs, and F&B directors navigating one of the most disruptive periods in industry history.
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Jun- 2022 -16 JuneNews
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its fifth rise in a row as it bids to offset the impact of rising inflation. The Monetary Policy Committee voted by a majority of 6-3 to increase the rate to…
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May- 2022 -30 MayRestaurants
Comptoir Group revenue soars 67% in FY21
The Comptoir Group has seen group revenues rocket 66.9% to £20.7m in the year ended 31 December 2021, up from the £12.4m reported in 2020. As trading returned over the year, gross profit was up by £7.1m to £16.9m up by £7.1m, up from £9/8m the prior year when trading…
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27 MayBusiness
Valor Hospitality debuts chef academy amid skills shortage
Valor Hospitality, the international hotel management company, has launched a new Chef Development Academy, set to launch in August 2022, in a bid to encourage more people to embark on a culinary career, following a national skills shortage in the sector. In partnership with Umbrella Training, an expert apprenticeship and…
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24 MayBusiness
SSP revenues surge 212.9% as travel rebounds
The SSP Group has reported its revenues surged 212.9% year-on-year to £803.2m for the six month period ended 31 March 2022 (H2), recovering “strongly” with 64% growth compared to pre-Covid levels as the travel sector rebounds. SSP operates brands such as Upper Crust and Ritazza, as well as franchises for…
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16 MayNews
TRG faces investor backlash over CEO bonus
The Restaurant Group (TRG) is facing a potential backlash from the Institutional Voting Information Service (IVIS) as the company’s chief executive, Andy Hornby, has received the highest pay since 2017, while benefiting from government support. According to the Guardian, the Institutional Voting Information Service (IVIS), which is part of the…
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12 MayCatering Companies
Cost pressures hit growth for contract caterers despite bounce back
Sales in the contract catering sector remain well below pre-Covid levels as sales are 20% below the figure recorded in the first three months (Q1) of 2019, despite year-on-year increases. According to CGA’s Contract Catering Tracker, caterers now serve around 1,250 fewer units than they did three years ago, and…
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3 MayPubs and Bars
Greene King returns to profitability amid expansion plans
Greene King has reported an adjusted operating profit of £18.6m (loss of £186.9m) for the year ending 2 January 2022, with statutory operating profit of £63.8m (loss of £433m), after being “significantly impacted by Covid-19”. It comes as the group celebrated a strong second half with group revenue rising 41.6%…
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Apr- 2022 -26 AprilFeatures
Behind the doors of Neyba’s £15m investment plans
What is the history of the business? We set up the business formally just over a year ago, but it’s been a couple of years in the making. Misha and I have worked together for the past five years on Burger and Lobster and growing the brand globally. What inspired…
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26 AprilApps & Technology
Delivery and takeaway sales slip as consumers return to eating out
Britain’s managed restaurant and pub groups’ delivery and takeaway sales fell 24% year-on-year after consumers resumed eating out, according to the CGA and Slerp Hospitality at Home Tracker. Groups’ combined delivery and takeaway sales in March 2022 were 119% higher than in March 2019. Three-year sales growth for deliveries stands…
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22 AprilFood and Drink
Managed group sales up 4% in March despite inflation, data finds
Despite the high inflation, Britain’s managed restaurant, pub and bar groups achieved a 4% increase in like-for-like sales from pre-Covid-19 levels in March, according to the new Coffer CGA Business Tracker. It revealed the sales increase continues a “gradual upturn” this year, after a like-for-like drop of 1% in January…
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