All Employment articles
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NewsMcDonald’s UK CEO: ‘If you know how a McDonald’s runs, you can understand any business’
Lauren Schultz explains how McDonald’s UK is looking to tap up young people not in education, employment or training (NEETs) for its new work experience programme
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InterviewsMcDonald’s UK CEO: ‘Momentum is on our side’
Lauren Schultz tells MCA the UK business has continued to perform well into the new year following strong Q4 results and has ‘turned a corner’ in its safeguarding of staff
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NewsTube strikes to deliver ‘devastating’ impact to sector in London
Pubs and bars could see a drop in sales by as much as 40% this week, as a series of Tube strikes kick off tomorrow
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Analysis & Insight‘Burdensome tax regime’ and ‘subdued consumer demand’ push up insolvencies
The latest government figures show accommodation and food services insolvencies jumped 22% month-on-month between January and February this year
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Weekend Press‘They’re not listening’: Pub boss blasts government over tax hikes
Jonathan Lawson, chief executive of Butcombe Group, accused ministers of ignoring business, making it harder for the company to invest
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NewsHalf of Franco Manca closures to be based in London
MCA understands eight of the 16 restaurants earmarked for closure are in the capital with the rest spread across the UK covering sites in Glasgow, Hove and Plymouth, amongst others.
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NewsFranco Manca to close 16 sites under CVA
Fulham Shore CEO Marcel Khan says the process will see ‘a minority proportion of restaurants closing where they are no longer sustainable in this cost environment’
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NewsStonegate’s estate transformation strategy ‘delivering’ amid ‘well-documented trading challenges’
The pub giant says the plan has allowed it to mitigate continued inflationary cost pressures, improving the bottom-line performance despite an expected drop in revenue in its latest results
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NewsJohn Vincent: ‘We need more entrepreneurs in parliament’
The Leon boss said for each restaurant with £1.3m sales, the business is paying an extra £70,000 per year in business rates and national insurance under Labour tax regime
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NewsTGI Fridays has ‘strong desire’ to return to central London
Of the 33 UK restaurants acquired by Ray Blanchette’s Sugarloaf investment firm, 31 are on solid footing with supportive landlords, though the future is uncertain for the remaining two
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InterviewsBrakspear: ‘Profitability is becoming more and more difficult to achieve’
Chief executive Tom Davies tells MCA that despite turnover remaining strong, spiralling employment costs continue to challenge the pub operator’s P&L
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Analysis & InsightTrade bodies warn operators are finding it ‘more and more difficult to make ends meet’
Data from CGA by NIQ shows that a third of hospitality businesses are now either breaking even or making a loss
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NewsStrong trading drives turnover and profit at Everards
The Leicestershire-based pub operator and brewer says it is well positioned to navigate market challenges after reporting a 90%+ rise in operating profit in its latest results
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NewsMays Elansari joins Wasabi as marketing director
Elansari, who joins the sushi and bento brand following a stint at Stonegate, will be working alongside recently appointed commercial MD Tony Barr to support the group as it scales
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NewsBrewDog entered administration with debts of £585m
Certain secured and preferential creditors will see some returns from the process, but most of the debts, including Equity for Punk shareholders and private equity investment from TSG, will be effectively written off
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Weekend PressBrewDog founder accuses new owner of wiping out small shareholders
James Watt purported to be champion of ‘equity punks’ but failed to buy back craft beer business, the Telegraph reports
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NewsHigher costs hit profits at Wetherspoons
While the managed pub operator continues to outperform the market, Sir Tim Martin has warned ongoing cost pressures may result in profits falling slightly below current expectations
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InterviewsCaffè Nero: ‘We went from 0 to 100 on matcha’
UK managing director Glyn House told MCA’s Food to Go conference the group is selling up to 100,000 matcha drinks a week after adding it to the menu last year
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NewsMarch Tube strikes called off amid negotiations
Strikes planned for next week have been called off following progress in talks between the RMT and London Underground management
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NewsRSM: ‘With more headwinds to come, operators must act now’
As flat sales tip more operators into insolvency, RSM has warned operators must act to stave off the challenges of the current trading environment