All MCA Insight articles in February 2021 – Page 3
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News
Trade bodies call for ‘critical financial support’ in Budget
A major package of financial support must be revealed in the Chancellor’s Budget if many hospitality businesses are to survive through the Government’s reopening plan, sector trade bodies have said.
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Analysis & Insight
Roadmap ‘too little too late’ and ‘worse than the worst-case scenario’
Sector leaders have criticised the Government for once again “penalising hospitality” with its reopening strategy, forcing pubs and restaurants to wait a further three months before they can operate inside. The proposed reopening timeline has been branded “too little too late,” and “worse than the worst-case scenario” by operators from all corners of the sector, who have warned that without significant support in next week’s Budget, there will be a “devastating” fallout for businesses.
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News
Hospitality roadmap unveiled
Pubs and restaurants will be permitted to reopen outdoor spaces no earlier than 12 April, followed by an indoor reopening from 17 May, the Prime Minister has confirmed.
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Analysis & Insight
Two in five hospitality suppliers to close without Government support
The hospitality sector’s supply chain is facing collapse, placing over 300,000 jobs at risk, without immediate financial support from Government, new research has revealed.
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News
GDK to double estate in 2021
German Doner Kebab will open 47 new restaurants in the UK this year, doubling its estate and creating 1,800 jobs.
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Analysis & Insight
Delving deeper into digital
It’s taken a pandemic, but hospitality operators are finally beginning to understand the power of digital and the wealth of data it generates.
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News
Uber case ‘not relevant to food delivery’
Uber’s Supreme Court loss over drivers’ rights does not have implications for food delivery drivers, MCA has been told.
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News
M&B: £351m fundraise critical for future
Mitchells & Butlers has set out further details of its plans to launch of an open offer to raise up to £351m.
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News
Leon burning through £200k a week
Leon CEO John Vincent has warned that a longer lockdown “will cost lives” as he reveals that his food to go brand is losing £200,000 a week.
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News
UKH: Vaccine progress means positive prospects for summer trading
The progress of the vaccine rollout means hospitality can look forward to summer trading with minimal restrictions, Kate Nicholls believes.
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News
PM to set out reopening roadmap today
Boris Johnson is expected to announce pubs and restaurants can reopen under a phased approach, with those with outside space allowed to start serving in April, but indoor service not permitted until May.
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News
Rates review final report postponed until Autumn, Treasury confirms
Publication of the Government’s final business rates review report will be delayed until Autumn 2021, the Treasury has confirmed.
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News
London Mayor pledges £5m in plan to support central London businesses
London Mayor Sadiq Khan has proposed plans to invest £5m to support the eventual reopening of hospitality and retail in central London.
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News
Uber Eats unveils sponsored listing feature
Uber Eats has introduced a sponsored listing feature, which will allow operators to pay extra to appear at the top of the platform.
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News
NewRiver acquires £41m retail and leisure estate
NewRiver has acquired Sheffield leisure and retail estate The Moor in a joint venture (JV) agreement with Bravo Strategies III, for £41m.
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News
McDonald’s sets gender and minority representation goal
McDonald’s has announced plans to improve the equality and minority representation in its senior ranks by 2030.
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News
Zabardast pauses franchise drive to focus on digital; eyes investment
Indian wrap company Zabardast has paused its search for franchisees as it looks to pivot its business to become more digitally and delivery focused. But it has not scrapped plans to scale up the business, and is looking to launch an investment round.
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News
Dardis says industry needs certainty on reopening
Patrick Dardis, chief executive of Young’s Pubs has told the Evening Standard that although he would have preferred an April reopening date for the pub sector, he would take a clear roadmap with a later opening over uncertainty.
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News
Extension to furlough and business rates holiday expected
Chancellor Rishi Sunak is expected to announce an extension to the year-long business rates holiday and furlough scheme, in the Budget next month.
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Interviews
Camile Thai: ‘We’ll be the Domino’s of Thai food’
Camile Thai founder Brody Sweeney is looking to fill a very specific gap in the market.