All MCA Insight articles in August 2021 – Page 8
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Analysis & InsightSector loses £100bn in sales
Hospitality businesses have suffered a £100.2bn drop in sales from pre-pandemic levels in the 15 months since the start of the pandemic, the latest edition of the UKHospitality Quarterly Tracker with CGA reveals.
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OpinionPeter Martin: How radical is Danny Meyer?
Danny Meyer is a hero of the global restaurant industry, never afraid to be radical or provocative.
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NewsPM: End of pingdemic ‘nailed on’
Boris Johnson has said the August 16 scrapping of self-isolation for the double-jabbed who are pinged by the NHS contact tracing app is “nailed on”.
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NewsPret tipped for move into vending machines
Pret A Manger is thought to be planning a move into coffee vending machines, according to Intellectual Property Office filings.
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NewsLondon backtracks on congestion charge
London’s congestion charge is to be kept at £15 a day, but reduce the hours it operates to “support the capital’s culture, hospitality and night-time businesses”.
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NewsMarston’s trading update is welcomed by analysts
Marston’s Q3 trading update has been welcomed by analysts, with Shore Capital describing it as an “encouraging update”, while Singer described it as “highly pleasing.” With limited impact from either cost inflation and pingdemic related labour issues analysts either maintained or upgraded to a buy recommendation.
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NewsMitchells & Butlers experiences ‘volatile’ sales
Mitchells & Butlers is seeing ”signs of improvement” in trading following the easing of restrictions from July 19. Sales have been “volatile” since May 17, experiencing strong sales during the first five weeks, followed by slower than average trading, with city-centre sites most impacted.
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NewsBoparan: Making our brands part of everyday lives
Boparan Restaurant Group’s new Restaurant Hub concept will look to capitalise on the residential delivery catchment of its Sainsbury’s location, and make its brands more part of customers’ everyday lives, MD Satnam Leihal has told MCA.
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NewsEG Group begins roll out of Cinnabon concessions
Asda’s new owner, EG Group, has begun the roll out of the Cinnabon bakery brand in the UK with a new concession opening within Asda’s refurbished store in Walsall.
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NewsFood-to-go to return to pre-Covid levels by second half of 2022
Data from IGD is predicting a faster-than-expected food-to-go recovery. By the end of 2021, it is forecasting sales to reach £15.6bn, 82.5% of its 2019 value. It is also forecasting sales to return to pre-Covid levels in the second half of 2022, six months earlier than expected.
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NewsQ2 hospitality spending ‘significantly higher than their pre-Covid levels’
The reopening of hospitality has led to a sharp increase in spending in Q2 2021 according to Deloitte’s Q2 Consumer Tracker. Spending in restaurants and bars has seen its biggest quarterly rise and was now ”significantly higher than their pre-COVID levels”.
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NewsBerisha warns of a fresh wave of closures
The Government needs to act fast to avoid more closures, Baton Berisha, chief executive of Richard Caring’s hospitality empire has warned. Saying that major Government support was needed, he added that ministers wrongly believed hospitality was “resilient” and over the worst of the pandemic.
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NewsHospitality’s self-isolation omission risks further closures
There is a risk of further venue closures and reduced service as a result of the government’s decision to omit hospitality from its self-isolation exemption list, according to UKHospitality.
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NewsStonegate to launch £165m secured notes offering
Stonegate Group is to launch a senior secured notes offering in a bid to raise £165m, in part to finance the capital expenditure in its pubs.
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NewsAUGUST 2021
Featuring news, comment, analysis and features from across the sector, columnist Dominic Walsh tackles the disappointment and chaos of Freedom Day, while Peter Martin suggests looking to the world of cricket for inspiration after the end of the Euros football tournament.