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All MCA Insight articles in April 2020 – Page 6
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Analysis & InsightAnalysts’ verdict: Berenberg on City Pub Group
Berenberg finds City Pub Group’s fundraise has left the company with a “substantial level of liquidity” and a “best-in-class balance sheet”, which it could deploy on cut-price acquisitions.
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NewsWholesalers urge operators to settle bills
Wholesalers have called on pubs, restaurants and cafes to pay settle their invoices for stock ordered before the lockdown.
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NewsWhitbread eligible under Covid Corporate Financing Facility
Whitbread has announced it has been confirmed as an eligible issuer under the UK Government’s Covid Corporate Financing Facility (CCFF).
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OpinionDominic Walsh on Wetherspoon and Cote
Tim Martin likes to plough his own unique furrow. From his penchant for attending City results presentations in chinos - or even shorts – to his mullet hairstyle and his love of rubbing the establishment up the wrong way, the JD Wetherspoon founder loves nothing better than to fan the flames of controversy. Among the issues that have particularly got his juices going over the years have been the euro, taxes, corporate governance and, of course, Brexit. On most of these subjects Martin has managed to navigate a course that has burnished his “man of the people” credentials, firmly established during 41 years of serving the cheapest food and drink in town.
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NewsFeedNHS goes nationwide
FeedNHS, the not-for-profit campaign launched by Leon founder John Vincent, has announced that it will be going nationwide next week.
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NewsCMA provisionally approves Amazon’s investment in Deliveroo to prevent its otherwise ‘inevitable exit from the market’
The Competition and Markets Authority has provisionally cleared the Amazon and Deliveroo deal following evidence that the delivery giant would collapse without the investment.
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NewsJRS extended until the end of June
The Coronavirus Job Retention scheme will be extended until the end of June, chancellor Rishi Sunak has announced today.
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OpinionPeter Martin: Speculation and confusion, but still no government plan
So when will business - and pubs, bars and restaurant in particular - be able to open up again? It’s the question more people are beginning to ask, and the issue that has consumed much of this weekend’s media. The short answer seems to be ‘no time soon’. The press has been full of speculation, not to say confusion, about the Government’s supposed ‘three-point plan’ to start-up the economy, with talk of traffic-light systems, schools the first to open their doors as early as May 11, and even hope for the eating-out market.
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NewsTimeline: How the coronavirus crisis unfolded
Here are just some of the twists and turns over the last few weeks. If you want to read all the MCA coverage of the coronavirus crisis click here.
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NewsEditor’s Opinion: Hang tight and plan your return
The coronavirus continues to wreak havoc. It’s claimed hundreds of thousands of lives around the world and numbers continue to rise. As dreadful as that is, the long term socio-economic impact is more disturbing. The virus has created a level of disruption to health, society, and the economy that’s never happened before, outside of wartime. And while there is plenty of speculation on how life in general may get back to normal post-lockdown, with vaguely optimistic or pessimistic dates floating around, there is no clarity on how or when this might end.
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NewsHMRC opens JRS portal
HMRC has opened a portal for businesses to claim grants through the Coronavirus Job Retention Scheme. Businesses can claim 80% of a furloughed employee’s salary, up to a maximum of £2,500 per month. The JRS was extended from the initial three month period last week and will now run until the end of June.
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NewsNWTC appoints new CEO
The New World Trading Company, the operator behind The Botanist and The Florist, has appointed Jesper Friis as its new chief executive.
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NewsJRS receives 140,000 applications in first day
More than 140,000 businesses applied for the Coronavirus Jobs Retention Scheme during its first day of operation, chancellor Rishi Sunak has revealed.
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NewsFive Guys reopens six sites
Five Guys has reopened a number of UK sites for delivery and click and collect.
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NewsComptoir Group ‘confident’ coronavirus will not impede its long-term prospects
The short-term uncertainty caused by the coronavirus will not impact the longer-term prospects of Comptoir Group, chairman Richard Kleiner has said in its trading update released today.
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NewsDowney’s nine-month rent free proposal backed by industry leaders
Jonathan Downey’s nine-month rent time out proposal will be put to Government this week, backed by a number of industry leaders.
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NewsBBPA calls for pub-specific government support
The British Beer & Pub Association has called for extra government support for pubs to ensure they can survive an extended coronavirus lockdown.
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NewsM & Gaucho Restaurants and D&D London pledge free meals to NHS staff
M & Gaucho Restaurants and D&D London are among the latest operators to pledge free meals to help support NHS frontline workers.
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NewsCrosstown Collective links artisan suppliers
Crosstown, the artisan doughnut and coffee brand, has teamed up The Estate Dairy, Millers Bakery and London fruit & veg suppliers for an essentials food box delivery service.
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NewsWhiting & Hammond launches food box scheme
Premium pub operator Whiting & Hammond is the latest company to use its supplier relationships to curate a food box.