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All articles by Finn Scott-Delany – Page 42
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NewsVarious Eateries to enter AIM with market cap of £65m
Various Eateries, the Hugh Osmond-backed operator of the Coppa Club, has confirmed its proposed admission to trading on AIM, with a share placing to raise around £25m.
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News‘No evidence’ hospitality responsible for transmission spike
Hospitality leaders have strongly rejected health secretary Matt Hancock’s suggestion that pubs and restaurants are one of the key places of coronavirus transmission.
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NewsMod Pizza enters insolvency proceedings
Mod Pizza, the Sir Charles Dunstone-backed concept, is believed to have entered insolvency proceedings.
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Analysis & InsightFood to Go to decline by £6bn in 2020
The food to go market is set to decline by £6bn in 2020 as a result of the coronavirus pandemic, analysis from Lumina Intelligence reveals.
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Analysis & InsightPoll: 86% say rule of six will negatively impact business
An overwhelming majority of operators believe the ‘rule of six’ will negatively impact their business, Lumina Intelligence’s Hospitality Leaders Poll reveals.
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InterviewsLoungers CEO Nick Collins: ‘Our customers missed us’
All-day café-bar-restaurant operator Loungers is back to its market beating trading, with net like for like sales growth of 29.9% over the past nine weeks.
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NewsSeafood Pub Co portfolio up for sale
Ten pubs formerly operated by Seafood Pub Company have been brought to market after the business went into administration.
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NewsLoungers emerges from crisis as a ‘better business’
Loungers has reported a “significant market out-performance” since reopening, with net like for like sales growth of +29.9% from 4 July to 13 September 2020.
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NewsSunak: Protecting jobs ‘number one priority’
Chancellor Rishi Sunak is considering cuts to employers’ National Insurance contributions and an extension of the business rates holiday, as he described finding new ways to protect jobs as his “number one priority”.
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News‘Positive outcome’ in covid insurance test case
Business interruption insurance policies with pandemic or notifiable disease clauses should be read as to cover coronavirus and claims should be met, the High Court has heard.
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NewsWetherspoon to develop £6.6m new-build pubs
Wetherspoon is to start development work on two new pubs in the coming weeks.
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NewsPubs face rates bill of £800m
A business rates bill of £800m for pubs across the UK could be the last straw for many, forcing them to close for good, the British Beer & Pub Association (BBPA) has warned.
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NewsRent crisis will leave ‘bloodbath’ without resolution
A failure to act urgently to solve the rent crisis will trigger a “bloodbath” of hospitality businesses and thousands more jobs lost, UKHospitality has warned the Chancellor.
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NewsTye appointed chair of The Big Table
The Big Table, which was recently formed to acquire and operate the Bella Italia, Café Rouge and Las Iguanas restaurant brands, has appointed Mike Tye as non-executive chairman.
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NewsBrighton Pier Group bars makes staff lay-offs
The bars division of Brighton Pier Group has had to make staff lay-offs due to the continued uncertainty over the reopening of the late-night sector and the end of the furlough scheme.
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Analysis & InsightRule of six leaves consumers less confident
The ban on meetings of more than six people in England from today has left a third (31%) feeling less confident about visiting pubs, bars and restaurants.
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NewsWetherspoon infection rate ‘proves pubs risk is low’
Pub company Wetherspoon reports that it has had approximately 32m customer visits to its 861 pubs since reopening, with 66 positive tests for covid-19 among its 41,564 employees.
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NewsBrewdog posts losses £8.1m due to pandemic
Brewdog made a net loss of £8,151,071 in the six months to 30 June 2020 as a result of the coronavirus pandemic.
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NewsBrewdog launches sustainability-focused Equity for Punks Tomorrow
Brewdog has launched new share offering, which is seeking up to £7.5m, with a stretch goal of up to £50m.
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InterviewsGail’s CEO Tom Molnar: We’ll do more sites this year than two years ago
Tom Molnar strikes an almost Gordon Brown-esque note when he describes the artisan Gail’s Bakery a “prudent bakers”.