All Finance articles – Page 25
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NewsChop’d invests in tech
High street salad chain Chop’d has invested £110k in digital developments ahead of the reopening of its sites next Monday (12 April).
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NewsMarston’s looks to reopen 70% of estate next week
Marston’s has said it is planning to reopen 70% of its estate in England from 12 April, and subject to regulatory confirmation, the majority of our Scottish and Welsh pubs on 26 April.
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NewsAnglian anticipates ‘huge demand’
Anglian Country Inns is forecasting a “very good year” and hopes to be able to pay off its debts towards the end of this year, or early next, before returning to growth mode.
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NewsJust Eat: ‘This marks the beginning of our journey in the UK’
Just Eat’s investment in the UK market has arguably been paying off, with revenue up 42% last year, and for chief executive Jitse Groen, it is just the beginning.
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NewsAngus Steakhouse on brink of collapse
Angus Steakhouse has hired KMPG to secure a rescue deal for the restaurant chain, which is on the verge of going into administration, The Telegraph has reported.
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NewsDeliveroo confirms float intentions
Deliveroo has confirmed it is “considering an initial public offering” and intends to publish a registration document today (8 March).
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NewsHospitality businesses accuse government of failing to “add up”
Hospitality and leisure businesses have accused the government of being “unable to add up”, following the decision to put a £2m cap on the business rates discount announced in the Budget, according to The Times.
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NewsCaring makes ‘verbal commitment’ to continue The Ivy backing
The Ivy backer Richard Caring has indicated he would be willing to support the restaurant group should cash funding through its banks become unavailable. Following a similar commitment to Bill’s Restaurants, of which Caring is a major shareholder, the Caprice Holdings chairman made a verbal agreement to extend support until May 2021.
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NewsMarston’s seeks bondholder waivers for third time
Marston’s has once again asked its bondholders for a number of waivers of its financial covenants, for the second half of 2021.
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NewsState aid cap upped to £10.9m
The state aid cap on government grants has been raised to £10.9m, Paul Scully, the minister for business, consumers and labour markets has confirmed.
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NewsChancellor’s Budget unveiled
The business rates holiday and 5% VAT rate will be extended in their current state until the end of June, and phased out over the coming year, the Chancellor has announced.
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NewsWelsh hospitality set for additional £180m in lockdown support
Hospitality, leisure and tourism businesses affected by ongoing coronavirus restrictions in Wales could see an additional £180m in extra support, the Welsh Government has announced.
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NewsReilley: ‘Budget the most important day in history of hospitality’
The Budget is arguably the most important day in the history of the hospitality sector, with Sunak’s support set to either provide “desperately needed hope” or “a single, devastating blow,” Loungers Chairman Alex Reilley has said.
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NewsFurlough to be extended until end of September
Chancellor Rishi Sunak will extend the furlough scheme until the end of September in today’s Budget, which is expected to include a support package in excess of £20bn.
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NewsAPPG for Hospitality and Tourism urges Chancellor to offer financial support
The All-Party Parliamentary Group for Hospitality and Tourism has called on Chancellor Rishi Sunak to provide decisive financial support to the sector in his upcoming Budget.
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NewsUrban Pubs & Bars sees significant lockdown losses
Urban Pubs & Bars lost out on £2.5m in sales in the first month of the March lockdown, and incurred a significant shortfall in profit due to its inability to mitigate costs immediately at the point of closure.
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InterviewsMatt Snell: Furlough costs Gusto £50k a month
The furlough scheme is a benefit for employees, rather than businesses, and must be understood as such, MCA’s The Conversation has heard.
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NewsExtension of JV arrangements for Ego Restaurants
Mitchells & Butlers (M&B) has reached an agreement with James Horler, CEO of 3Sixty Restaurants, and its other shareholders, to continue with the joint venture arrangements, in relation to the development of Ego Restaurants, for a further period.
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NewsOakman raises £4.4m
Oakman Group, the operator behind Oakman Inns and Restaurants and Ashmore Inns, has closed its latest equity raise – receiving applications for £4.4m of shares from almost 300 new investors.
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InterviewsHero Award: ‘There’s a level of compassion sometimes missing in finance’
As part of the new Hero Award at the Retailers’ Retailer, MCA is profiling five senior managers who have gone above and beyond in steering their business through the crisis.