Earnings
Our Earnings coverage delivers detailed reporting on the financial results of key players in the UK foodservice and hospitality sector, including restaurant groups, pub chains, catering firms, and supplier brands. We analyse revenue performance, profit trends, cost pressures, and investor outlooks, helping operators benchmark against industry peers and assess commercial resilience, market dynamics, and growth opportunities across the trade.
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Aug- 2018 -13 AugustBusiness
Hospitality consumer spending increases 2.5% in July
Consumer spending in the hospitality sector increased by 2.5% in July, according to Visas’ UK Consumer Spending Index. The group said the warmer weather supported solid increases in spend across food and drink and hotels, restaurants and bars categories. However, overall household spending dropped 0.9% in July due to “disappointing…
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Jul- 2018 -24 JulyApps & Technology
Deliveroo hits back at Frank Field report
Deliveroo has issued to a statement to Catering Today hitting back at MP Frank Field following his report into the working conditions of the company’s riders. The door-to-door app said that it welcomes Field’s comments regarding the benefits of ‘gig-economy’ work, but says his report makes “a number of claims…
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Jun- 2018 -14 JuneBeverages
Majestic Wine sees profit and sales increase
Wine retailer and supplier Majestic Wine has reported an increase in profits and sales for the 52 weeks ended 2 April 2018. The group reported that its sales were up by 2.3% for the year. It said this increase was driven by 11.3% underlying sales growth in its online wine…
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13 JuneApps & Technology
5,000 restaurants to join Deliveroo as it introduces self delivery
Deliveroo has announced it is to allow restaurants to use their own delivery networks with its the new service ‘Marketplace+’, which will lead to 5,000 more restaurants available on the app by the end of the year. Deliveroo said it expects the new service will improve delivery times, “result in…
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5 JuneBusiness
Rosa’s Thai restaurant chain on the brink of sale
Thai restaurant chain Rosa’s is on the brink of selling a majority shareholding to US private equity company Tri Span this week. Founders Alex and Saiphin Moore are still set to be involved with the chain as minority shareholders while the company expands overseas. Tri Span has been buying up…
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May- 2018 -8 MayAdvice
World of oil
Global consumption of oils and fats has grown steadily over the last two decades. Statistics show that in the last 10 years alone, the consumption of oil has nearly doubled. World average per capita consumption of all oils and fats has also grown progressively each year during the last decade…
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Apr- 2018 -9 AprilBusiness
Small firms hit by pension auto-enrolment scheme, claims FSB
Small firms and startups will be “hit the very hardest” by the doubling of auto-enrolment employer pension contributions, according to the Federation of Small Businesses (FSB). From 6 April 2018, the minimum amount employers must by law pay into workplace pensions increased by 2% of qualifying earnings, whilst staff contribute…
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Mar- 2018 -16 MarchBusiness
Conviviality considers equity fundraise following surprise £30m tax bill
Wine supplier Conviviality has said it was engaging with its advisers regarding the possibility of an equity fundraise to effect a recapitalisation of the business. The news comes after the company issued a profit warning following a statement saying it had found an unexpected £30m tax bill due at the…
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