All MCA Insight articles in August 2022 – Page 4
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News
TUC calls for £15 per hour minimum wage
The Trades Union Congress is pushing for the minimum wage to increase from £9.50 to £15 per hour amid the cost of living crisis
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News
Trust Inns reports return to profit
The 350-strong Northwest pub operator announced a return to profit in the year ended 31 March 2022, from a loss of £8.5m the year before
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News
Rekom to open UK’s first Proud Mary pub
The late-night operator will open the UK’s first Proud Mary in Cardiff this October, as part of plans to bring more Scandinavian concepts to the UK
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Analysis & Insight
Energy crisis: The cost of doing business
Many operators are still cushioned from the impact of rising utility bills, but some are facing the very real prospect of seismic increases. MCA spoke to operators including Heart With Smart, Oakman, New World Trading Co, McMullen and Various Eateries to find out how they are faring.
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News
YO! operator reports record performance in 2021
Snowfox Group, the operator of YO! Sushi, announced UK turnover rose from £61m in FY20 to £101.8m in 2021
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Event News
Registration now open for The Big Hospitality Expo
Produced by MCA’s publisher William Reed, the Expo takes place from 26-28 September at Olympia London and features a full programme of speakers alongside the trade show.
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Interviews
Oakman: ‘Impact of price rises on consumer is biggest concern’
Despite worries about a dip in consumer spending, the group can’t rule out further menu prices increases, CEO Dermot King told MCA
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News
McDonald’s Corp makes boardroom changes
Marriott International CEO Anthony Capuano will join the board, while non-executive director Sheila Penrose – who led sustainability and CSR – is to retire from her role at the end of September
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Analysis & Insight
Coffee and sandwich shops – an affordable treat?
In the face of mounting cost pressures and negativity around the economy, are consumers changing what they consider to be worthwhile non-essentials, Lumina Intelligence’s Katie Prowse asks
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Analysis & Insight
Warnings over sky-high inflation forecasts
Consumers already struggling with rising prices are set to feel even more pressure after UK inflation was forecast to hit 18.6% early next year.
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Interviews
Parogon Group: ‘We’re capitalising on our strong position’
The nine-strong operator will open a new Orange Tree site next year, MD Richard Colclough tells MCA
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News
NQ64 secures £2.5m in funding from ThinCats
The retro arcade bar, backed by Imbiba, has opened five sites within the past 18 months and is targeting openings in major UK cities, including Leeds, Bristol and Brighton
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Opinion
Tim Martin renews call for tax equality
The JD Wetherspoon chairman said that if pubs are to survive and thrive they need to be treated fairly by the Treasury, and that the big pubcos need to campaign for permanent tax reduction
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News
Nightcap secures flagship site for Barrio Familia
The late-night bar operator has signed a lease for the former Tropicana Beach Club for its first Barrio opening since the acquisition last November.
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News
Loungers’ Alex Reilley highlights ‘obscene’ energy price rises
The business, which hedged its energy costs last May, until 2024, said entering a hedge today would have cost it an extra £17m
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News
Restaurant businesses form buying group
MeatLiquor and The Real Greek are among several operators that have formed an unofficial buying group in order to tackle to the rising price of ingredients such as chicken.
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News
New global CFO appointed at Richard Caring-backed restaurant empire
Humera Afzal has been appointed global CFO at Caprice Holdings, The Birley Group, The Ivy Collection and Bill’s Restaurants,
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News
Game over – the Ritz takes grouse off the menu in victory for campaigners
Some restaurants are listening to environment concerns, with the Ritz halting its Glorious Twelfth dish, The Guardian reports
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News
Cineworld on brink of bankruptcy after Covid slump
The world’s second-biggest cinema chain has warned it is in discussions to restructure the business, The Telegraph reports
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Opinion
Let’s call time on tipping
Confusion reigns over what is a reasonable gratuity in an era of opaque salaries, James Pickford writes in the FT