All MCA Insight articles in April 2020 – Page 7
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NewsPBG suspends rent review negotiations
The Pub Governing Body (PGB) has agreed to a suspension of all rent review negotiations because of the coronavirus pandemic.
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NewsJRS cut-off date extended
The Government announced an extension of The Coronavirus Jobs Retention Scheme cut-off date yesterday, to include those employed up to or on 19 March - the date when the scheme was first announced.
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NewsDeliveroo NHS campaign raises £1.5m
A Deliveroo campaign to feed NHS staff has raised more than £1.5m, which will go towards its pledge to provide 500,000 free meals.
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NewsPret to re-open ten shops on Thursday
Pret will re-open ten shop kitchens located near hospitals on Thursday, for takeaway and delivery only, after requests from NHS workers and hospitals. It’s also reinstated the 50% discount for NHS workers until April. The move will also allow Pret to start up its supply chain and donate around 7,000 meals a week to homeless charities. The kitchens will be open between 8am and 2pm and delivery will be made via third party operators. Pret will also start selling basic groceries like milk, butter and tea.
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NewsSunak “deeply troubled” at OBR prediction
Rishi Sunak has said he is “deeply troubled” by a scenario run by the Office for Budget Responsibility which suggests the UK economy could slump by 35% as a result of the coronavirus. The OBR also suggested unemployment could rise by over two million. Speaking at the government’s daily press conference, Sunak said the “best way out of this for all of us is to just grow the economy, which is why trying to keep as much of it as intact as possible at this moment allows that bounce-back when we come out of it and allows us to hopefully snap back to normal as quickly as possible.”
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NewsFurloughed staff under renewed threat
Hospitality staff are under renewed threat of jobs losses if the government does not extend the jobs retention scheme beyond its initial three month period.
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NewsPizza Hut finds its mojo at time of crisis
Pizza Hut UK MD Neil Manhas has told MCA the brand has “found its mojo” serving the community at a time of crisis.
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NewsKFC reopens select delivery-only sites
KFC has reopened several restaurants for delivery only, with further reopenings planned in the coming weeks.
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NewsAndrei Lussmann on his new meal delivery service
As part of the united we stand podcast series, Andrei Lussmann, founder of Lussmanns Sustainable Fish and Grill, discusses turning his St Albans restaurant into a dark kitchen for producing ready-made meals and his advice to other restaurants looking to enter the food to go space.
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NewsCaring reopens kitchens to feed the needy
Richard Caring has reopened a number of restaurant kitchens in his portfolio to feed the isolated, vulnerable, low income families and NHS workers.
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NewsM&B keeps reduces costs to keep estate ’secure and safe’
Mitchells & Butlers has material cash resources which it believes should be sufficient to fund obligations “well into the second half of the year”.
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NewsRevolution ups credit facility to £30m
Revolution Bars Group has increased its revolving credit facility with Natwest to £30m.
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NewsWells & Co cancels rent for two months
Wells & Co will not collect commercial rent from its licensees for the next two months during lockdown measures, the family brewery and pub operator has said.
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NewsStar provides rent relief on ‘pub-by-pub’ basis
Star Pubs & Bars is providing licensees rent relief on a pub-by-pub basis, and has suspended the collection of the revised rent until June at the earliest, or when the pubs reopen.
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NewsPeter Martin: If there’s one debt you do need to pay
So the waiting game begins. After the last weeks of frenetic activity as the hospitality sector lobbied hard for Government lifelines, most companies are locking themselves into survival mode.
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NewsGreggs secures £150m credit from Covid Corporate scheme
Greggs will be able to meet its liquidity needs for a closure period of up to a year as a result of £150m credit received through the Covid Corporate Financing Facility scheme.
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NewsTrade bodies warn support packages are being delivered too slowly
Crucial packages of support announced by the Government are not being delivered quickly enough to help businesses affected by the coronavirus, leading trade bodies have warned Chancellor Rishi Sunak.
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NewsTRG models ‘pessimistic’ slow recovery scenario
The Restaurant Group has modelled a “pessimistic scenario” for the current financial year, which would see 400 of its sites reopened gradually between July and December.
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NewsD&D London launches employee support platform
D&D London has launched an online platform to offer support and guidance to its 2000 employees throughout the coronavirus pandemic.
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NewsMajor disruptions expected in global supply chains
There will be continued major disruptions to global supply chains as the coronavirus pandemic continues, the latest Foodservice Price Index from CGA and Prestige Purchasing has indicated.