Revenue
Our coverage brings together critical reporting on revenue performance across the UK hospitality and foodservice sector. We cover everything from operator trading updates and income breakdowns to revenue drivers like pricing, footfall, menu engineering, and channel diversification. Whether you’re a multi-site pub group tracking seasonal income, a restaurant CFO analysing unit economics, or a catering firm monitoring year-on-year growth, our coverage offers sharp insights into how businesses are generating, and protecting, revenue in today’s market. Expect detailed financial reporting with practical relevance for commercial foodservice leaders.
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Oct- 2024 -21 OctoberNews
Top 100 restaurant groups see profits dip to £244.1m in 2024
The UK’s top 100 restaurant groups have seen their profits dip from £246.5m in 2023 to £244.1m in 2024, new research by UHY Hacker Young shows. UHY Hacker Young said that the slight dip in profits is a “creditable performance” considering the challenges the sector has faced from the cost-of-living…
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17 OctoberNews-In-Brief
Today’s news in brief – 17/10/24
Deliveroo’s GTV rose 6% to £1.7bn in Q3 as the company maintains its full year guidance. Total orders increased 2%, while GTV per order was up 4% in constant currency and revenue increased 4% to £498m. In the UK&I, GTV growth reached £1bn, a 7% increase year-on-year, with order growth…
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17 OctoberNews
Deliveroo GTV reaches £1.7bn in Q3
Deliveroo saw its gross transaction value (GTV) increase 6% to £1.7bn in the third quarter as the company maintains its full year guidance. Total orders increased 2%, while GTV per order was up 4% in constant currency and revenue increased 4% to £498m. In UKI, GTV growth reached £1bn, a…
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17 OctoberRestaurants
Boxcar Group launches Bread and Wine in Connaught Village
Boxcar Group has announced the launch of its third venue, Bread and Wine in Connaught Village, Hyde Park London. The new venue will be an all-day dining destination and will have 70 covers across indoor and outdoor areas. The venue will be led by head chef Zisis Gkalmpenis who will…
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9 OctoberNews
Marston’s sales increase 5.8% in FY24
Marston’s total retail sales increased 5.8% according to its preliminary results for the 52 weeks to 28 September 2024. The UK operator of 1,339 pubs said it also saw its like-for-like sales increase 4.8%, outperforming the broader market. The group said that both food and drink have shown “good momentum”…
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Sep- 2024 -26 SeptemberCatering Companies
Freemans Event Partners appoints new CCO
Freemans Event Partners has announced the appointment of Natasha Thiebaut as its new chief commercial officer. Thiebaut has more than 25 years’ experience in the venue business, having worked with institutions such as Everton FC, FC Porto and Leinster Rugby. She has also worked at national stadiums including the Luzhniki…
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25 SeptemberNews
Today’s news in brief – 25/09/24
Tortilla saw revenues in H1 fall from £32.7m to £31.5m, as overall like-for-like revenues fell 5.5% due to a planned decision to end its ties with Deliveroo. This move culminated in an “expected” delivery revenue decline of 10.3% like-for-like, albeit with improved delivery profitability of £0.5m in the first half.…
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25 SeptemberFood and Drink
Tortilla H1 revenues dip following change to delivery strategy
Tortilla has revealed that revenues for the first-half period to 30 June fell from £32.7m to £31.5m, as overall like-for-like revenues fell 5.5% due to a planned decision in the first quarter to condense to a dual delivery partnership – ending its ties with Deliveroo. This move culminated in an…
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20 SeptemberFeatures
The implications of Edinburgh’s Visitor Levy Act
The Visitor Levy Act, which was passed by the Scottish Parliament in May 2024 and received Royal Assent shortly after in July, grants local councils the authority to implement a tax on overnight accommodation, commonly referred to as a “visitor levy” or “tourist tax”. This new legislation represents a significant…
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19 SeptemberTrade Associations
ASLEF accepts pay deal ending industrial action
Train drivers union ASLEF has voted to accept a multi-year pay deal bringing to an end a two-year dispute with 16 train companies. Members of the union voted 96% in favour of the deal which will see drivers receive a pay rise of 15% over the next three years. Secretary…
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