All MCA Insight articles in February 2014 – Page 5
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Analysis & Insight
Restaurant insolvencies rise
The number of restaurant businesses going out of business in the UK jumped from 170 in Q3 2013 to 182 in the last quarter of 2013, according to accountancy firm Wilkins Kennedy
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NewsBrewDog secures Liverpool licence
BrewDog, the Scottish brewer and pub operator, has secured a licence for a craft beer bar in Liverpool
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News
Yummy sales grow 18% in January
Yummy Pub Company, the four-strong pub operator, says it has produced the best results in six years with site sales up 18% in January
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NewsGiraffe launches pre-opening pod
Giraffe, the Tesco-owned casual dining chain, has launched a pod concept for use at pre-opening locations for its core formats where applicable
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News
Tesco to ramp up store revamps
Tesco, the owner of Giraffe and backer of Harris + Hoole, has announced plans to revamp all 300 of its remaining large stores by the end 2017, after the success of pilot sites in Watford, Coventry and Putney
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News
BT and Carlsberg UK agree sports discount deal
Freetrade outlets that stock Carlsberg UK products and those that sign up to BT Sport will be entitled to a 50% discount on a BT Sport subscription under a new deal agreed between the companies
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News
Osborne reopens Fullers' Red Lion in Whitehall
The Chancellor George Osborne reopened Fullers’ pub the Red Lion on Whitehall yesterday after a major refurbishment to convert it to the company’s Ale & Pie format
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NewsFive Guys confirmed for Manchester
Five Guys, the popular US burger chain, has confirmed that it has secured its first site in the north, in Manchester’s Trafford Centre
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NewsTRG lfls up 3.5%
The Restaurant Group (TRG) has this morning reported strong current trading, with total sales up 10% and like-for-like sales at 3.5% for the eight weeks to 23 February 2014, and said that the search for a new chief executive is “well underway”
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News
Consumers like 'click-to-call' mobile options
More than one in four consumers (27%) would be likely to call a restaurant from their smartphone as a means to contact them if it has a ‘click-to-call’ function on its website, according to new research from Google
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News
HMRC to persue pubs for overpaid rebates
Pub operators will shortly receive demands to pay back the “several hundred million pounds” collectively owed in “overpaid” tax rebates in 30 days, HM Revenue & Customs (HMRC) has confirmed
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News
Arran Brewery eyes expansion
Arran Brewery, the Scottish brewer and bar operator, is on the search for sites UK-wide to expand its fledgling pub estate
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News
Cineworld FY PBT to be c£45m
A leading analyst has forecast that full year pre-tax profit at Cineworld will be up 17% to £45.5m, driven by the acquisition of Picturehouse and a 4% increase in like-for-like box office (vs. the market’s -0.3%)
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News
Stonegate reveals latest Slug investment
Stonegate will reopen its Slug & Lettuce in Salisbury, Wiltshire, on March 8 following a £180,000 makeover
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Analysis & InsightCoffee chains take share from office-based providers
High street coffee chains are taking market share away from office-based providers, a new survey shows
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NewsItsu targets nationwide expansion
Itsu, the oriental chain set up by Pret a Manger founder Julian Metcalfe and led by Gerard Loughran, has plans to go nationwide after the success of its first store outside London, M&C Report has learnt
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NewsF&B outperforms retail at Network Rail stations
Like-for-like sales at pubs and bars at the stations grew 13.9%, with growth of 14.1% in dining outlets
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NewsLa Tasca reports strong January
La Tasca, the Simon Wilkinson-led chain, has reported a strong January trading performance, with sales up 14% versus a 2.4% increase in 2013, helped by a “cracking” New Year
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News
Licensing Act ’neither fuels or cuts violence’
Staggered pub closing times introduced in 2005 via the Licensing Act have neither reduced instances of violence or increased them, an academic study has concluded
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News
Uppal steps down as Jimmy’s CEO
Parminder Uppal has stepped down as chief executive of Jimmy’s World Kitchen after the decision by the family behind the business not to follow its current expansion plans