All MCA Insight articles in April 2020 – Page 3
-
NewsAdmiral to ask tenants for rent contribution
Admiral Taverns will ask some pub operators to contribute towards rent for May and June, as it seeks to balance “short-term and long-term needs”.
-
InterviewsPatty & Bun: ‘How you treat people now will define you forever’
How restaurant businesses act now in terms of dealing with their staff, suppliers and customers will mark them out for the future once the lockdown restrictions have been lifted, Patty & Bun founder Joe Grossman has said.
-
NewsTronc not part of JRS: ‘This is disastrous’
Employers cannot include tronc when claiming under jobs retention scheme, in what will be a major blow to furloughed hospitality staff, the government has clarified.
-
NewsConsumers will avoid touch-screens post-lockdown
The use of touch-screen kiosks in QSR and casual dining restaurants are likely to fall after lockdown ends, new research by mobile order and pay provider Wi5 has found.
-
NewsWhat does the future look like?
Once the lockdown is lifted, and consumers re-emerge to eat and drink, they will find a different environment to the one they left behind. No-one knows when that will be, the government is understandably non-committal, but it’s likely to be many months not weeks, and it may not be until there is a vaccine available that all restrictions vanish.
-
Analysis & InsightMeal delivery up 10% with British cuisine most popular
Meal delivery frequency has grown 10% week on week, with consumers now ordering it on average 2.3 times a week.
-
NewsJust Eat Takeaway.com raises €700m
Just Eat Takeaway.com has raised €700m through an accelerated bookbuild offering of new shares and convertible bonds.
-
NewsWahaca appoints PwC to explore finance options
Wahaca has appointed advisors at PwC to review its finances, Sky News reports.
-
NewsEight in ten staff furloughed
Eight in 10 workers in the UK hospitality industry have now been furloughed, according to a survey from the Office for National Statistics.
-
NewsState-backed loans for small businesses
Chancellor Rishi Sunak is considering offering 100% state-backed guarantees on loans to smallest businesses of up to £25,000, the Financial Times reports.
-
NewsOccupants to be protected from ‘aggressive rent collection’
Restaurant, bar and café businesses will be protected from aggressive rent collection and asked to “pay what they can” during the coronavirus pandemic, the Business Secretary announced today.
-
NewsCamden Town Brewery launches ‘beer auction’ for Hospitality Action
Camden Town Brewery has launched an auction for ‘the most valuable pint of Camden Hells,’ with proceeds going to Hospitality Action’s coronavirus emergency fund.
-
NewsPret seeking €100m loan for post-coronavirus period
The Financial Times has reported that Pret A Manger is seeking a “€100m urgent loan from global banks” to navigate it through the coronavirus crisis. Pret CEO Pano Christou told the FT that Pret had enough cash to make it through the current lockdown but it needed funds for a “test and learn stage” to develop the operation once lockdown restrictions have been lifted.
-
NewsUKH: Million jobs at risk if Government extends social distancing without support
Unless further measures are put in place to protect hospitality businesses, an extended period of social distancing could cost up to one million jobs, UK Hospitality has warned in the Government.
-
NewsColvin instructed by NTIA in insurance stand-off
Leading licensing lawyer Philip Kolvin QC has been instructed by the Night Time Industries Association in its stand-off with insurance companies who refuse to pay out in relation to the covid-19 lockdown.
-
NewsHonest reveals reopening plans
Honest Burgers is planning to re-open some of its sites for delivery-only as early next month, Big Hospitality reports.
-
NewsGBK and Azzurri reportedly appoint advisors
Gourmet Burger Kitchen and Azzurri Group have reportedly appointed advisors to assess their options going forward through the coronavirus crisis.
-
NewsCosta reopens select sites
Costa Coffee has become the latest operator to announce it will be reopening select sites for takeaway services.
-
NewsCMA approves Just Eat Takeaway.com merger
The Competition and Markets Authority has cleared the £6.2 billion merger between Just Eat and Takeaway.com, publishing its final decision 26 days ahead of deadline.
-
NewsNando’s reopens seven sites for NHS initiative
Nando’s has reopened seven restaurants to provide meals to NHS key workers and charities in major cities.