All MCA Insight articles in August 2020 – Page 6
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NewsSadiq Khan calls for urgent support to save West End
Sadiq Khan has called on prime minister Boris Johnson to take “urgent” action to save businesses in London’s West End.
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NewsHawthorn Leisure reports solid restart, LFLS down 15%
Hawthorn Leisure, the New River-backed pubco, has reported a “solid” start to its post-lockdown trading.
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NewsMitch Tonks ‘astounded’ by Rockfish’s post-lockdown trading
Rockfish co-founder Mitch Tonks has said he is “astounded” by the numbers in its first month of reopening, as the group’s nine restaurants are once again open for business.
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Analysis & InsightEOHO prompts week-on-week boost in sector food sales
Managed pubs and restaurant groups have seen food sales rise by a third week-on-week since the launch of the government’s Eat Out to Help Out scheme, according to the latest research by CGA.
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NewsCarlsberg reports global profits drop as coronavirus impacts all markets
Carlsberg has reported a 12.6% drop in revenues for the six months to 30 June 2020 as it sees “all markets” affected by the coronavirus crisis.
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NewsJust Eat CEO Jitse Groen: ‘We’ll hire thousands of people’
Just Eat is set to invest “tens of millions of pounds” in the UK and hire “thousands of people,” CEO Jitse Groen has said.
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NewsAdnams reports H1 losses as coronavirus has 'serious impact' on the business
Suffolk-based pubco and retailer Adnams has reported a sizable loss in its half year accounts to 30 June 2020, with trade considerably affected by the coronavirus crisis.
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NewsJust Eat Takeaway.com reports 'significant' top-line growth
Just Eat Takeaway.com has reported a strong first half in 2020, seeing revenue growth of 44% in the first six months.
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NewsChiktopia relaunches after liquidation
Chiktopia, the American chicken concept from Abokado founder Mark Lilley, has relaunched as a dark kitchen, after the original business went into liquidation earlier this year, MCA has learnt.
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NewsLoungers chairman Alex Reilley: ‘Hospitality has finally got the respect it deserves’
Loungers chairman and co-founder Alex Reilley says that the pandemic has brought about a welcome shift in how the hospitality sector is viewed by both the Government and the public.
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NewsCoffeesmiths entity leaves liabilities of £20m
Department of Coffee and Social Affairs operator CCL 02 Limited has unsecured creditors totalling more than £1.6m after going into liquidation, a statement of affairs by liquidator Quantuma has revealed.
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NewsSky investigation ‘not representative’ and ‘agenda building’
Pub sector leaders have expressed their disappointment at a Sky News investigation that claimed pubs and bars in England are “ignoring” coronavirus guidance and “potentially putting public health at risk.”
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Analysis & InsightHospitality Leaders Poll: Operators divided over Eat Out to Help Out
Consumers may have lapped up the Chancellor’s Eat Out to Help Out scheme, but operators are split over how helpful it has been.
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Analysis & InsightJuly trading down 50% year-on-year
Managed pub, restaurant and bar groups saw total July sales down 50.4% on the same month last year, according to the latest Coffer Peach Business Tracker.
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NewsHall & Woodhouse appoints new FD
Dorset-based pubco Hall & Woodhouse has appointed Paul Barnett as its new group financial director.
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NewsStar invests a further £4m in rent reductions
Star Pubs & Bars is to invest a further £4m in rent reductions for its leased and tenanted pubs in September and October.
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NewsItsu to reopen train station stores
Itsu is set to reopen a selection of its travel hub sites this week, following calls from the Prime Minister that people should return to work if they can.
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NewsJ.W Lees MD William Lees-Jones: Rent the ‘next big battle’ for the industry
Finding a solution on rent that suits both landlords and tenants is set to be the ‘next big battle’ for the industry, MCA’s The Conversation has heard.
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NewsSky investigation finds Manchester pubs flouting coronavirus guidance
Some pubs and bars in Manchester have been accused of flouting the coronavirus guidance, and not taking customer contact details, a Sky News investigation has claimed.
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NewsAlixPartners MD Graeme Smith: Local lockdowns a ‘big worry’ for sector investors
One of the biggest concerns for investors looking to support the sector is the risk of continued local lockdowns, and the impact they could have on business recovery, AlixPartners MD Graeme Smith has said.