Today’s news in brief – 25/07/24

Compass Group revenues rose 10.3% during Q2, as all regions continued to perform well. The group stated that as revenues and industry trends remain strong, it provides Compass with an “exciting pipeline of new business opportunities”. Net new business growth also accelerated in Q3, whilst pricing moderated in line with inflation. 

Drinks sales in Ireland’s pubs rose 4.6% in the last 12 months. According to CGA’s On Premise User Survey, 78% of people now typically visit drink-led pubs at least monthly, and 18% say they are making more visits than they did a year ago. A similar number (74%) typically visit food-led pubs monthly, with 14% going more often. 

Network Rail opened a Popeyes site at Waterloo station, marking the brand’s entry into travel catering. The opening of Popeyes aims to further diversify Waterloo’s offering, joining 25 other F&B brands including Benugo, Marugame and The Victory pub. The 1,820 sq ft restaurant is the first Popeyes to open across its 19 managed stations in the country. 

The Tiger Inn near Knaresborough is to be put up for auction next month with a guide price of £275k. The venue was put up for sale in February for £495,000 with specialist leisure agency Fleurets, which is continuing to market the property. Now the pub will also feature in the next online auction held by auctioneer Pugh, part of Eddisons, on 13 August.