All MCA Insight articles in April 2024 – Page 9
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NewsBill’s boosts EBITDA by 45%
The Richard Caring backed restaurant group reported EBITDA of £8m in 2023, driven by covers growth, strengthening efficiencies across the business, with menu pricing held at under 1% throughout the year
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InterviewsNightcap: ‘2024 looks to be a year of consolidation’
The late night sector is being reshaped through restructuring and consolidation, and Nightcap will continue to keep a close eye on opportunities - despite challenges with profitability and an exodus of capital, according to directors Sarah Willingham and Michael Toxvaerd
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NewsBrindisa reports strong demand across sectors
The restaurant, deli, and wholesale group, which operates Spanish restaurants including Kroketa in Soho, reported strong trading despite economic instability
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NewsRevolution temporarily suspends shares from trading
The pub and bar operator was unable to publish interim results by 30 March, with suspension from trading to be lifted following their publication in due course
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NewsInvestment vehicle Hestia Hospitality launches with initial £50m
Backed by individuals and family offices including Justin King CBE, Hestia’s first acquisition is sustainable restaurant concept Native, with further acquisitions to follow
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News£3.4bn Budget hangover hits hospitality
UKHospitality is calling on governments to rebalance the costs that hospitality businesses pay, and reduce its cost burden so they can make the investments needed to grow
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NewsAmber Taverns puts dartboards in all its pubs
The 171-strong pub company will include a darts area in all its pub refurbishments, in response to a surge in demand created by darts sensation Luke Littler
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NewsAdnams open to sale
The Suffolk brewery is sounding out prospective buyers and investors as the brewing industry experiences higher costs and weaker demand, according to Sky News
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Analysis & InsightRise in nightclub closures makes a mockery of ‘24-hour London’ claims
London is still one of the hardest global cities in which to enjoy a drink out with friends late at night
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Analysis & InsightUK clubs and music venues battle midweek blues
Clubs and music venues across the UK are dealing with a drop in revenues as young people forgo big nights out, cut back on alcohol and spend more selectively
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NewsRichard Caring tests appetite for café bar
The restaurant tycoon is trying out his latest venture at two sites before possibly being expanded nationally
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NewsCovid debt is haunting restaurant chains — but Wahaca has a lifeline
Repayments are bearing down on the Mexican chain and another London favourite, The Breakfast Club
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Analysis & InsightYour morning coffee’s costing a third more. This is why it’s so expensive
The coffee boom may have peaked as a daily drink is becoming an unaffordable luxury for many, analysts warn