News-In-Brief
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Oct- 2024 -29 October
Today’s news in brief – 29/10/24
Caffè Nero has acquired 200 Degrees for an undisclosed amount, making it the fifth brand in the group. Founded in…
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28 October
Today’s news in brief – 28/10/24
54% of hospitality businesses would cut jobs when business rates relief ends in April, according to a new joint survey…
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25 October
Today’s news in brief – 25/10/24
Punch Pubs has reported a 43.6% uplift in operating profits for the year ended 11 August, following a successful acquisition…
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24 October
Today’s news in brief – 24/10/24
Hospitality groups recorded a YoY sales rise of 1.7% in September, meaning that managed venues have achieved like-for-like increases in…
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23 October
Today’s news in brief – 23/10/24
Starbucks has suspended its FY guidance for 2025 after Q4 revenues dipped 3% to $9.1bn, as a result of global…
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22 October
Today’s news in brief – 22/10/24
The Revel Collective has seen its FY losses before tax widen to £36.7m. The group said that the result was…
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21 October
Today’s news in brief – 21/10/24
The UK’s top 100 restaurant groups saw profits dip to £244.1m in 2024 from £246.5m, according to new research by…
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18 October
Today’s news in brief – 18/10/24
Over 1,200 pubs will likely be closed this year, new data from CAMRA shows, compared to around 1,000 in 2023…
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17 October
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%,…
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16 October
Today’s news in brief – 16/10/24
Hospitality business rates will likely hit £914m, UKH has warned, as September’s CPI inflation data will cause an additional £48m…
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