All articles by Finn Scott-Delany – Page 50
-
NewsCaring reopens kitchens to feed the needy
Richard Caring has reopened a number of restaurant kitchens in his portfolio to feed the isolated, vulnerable, low income families and NHS workers.
-
NewsM&B keeps reduces costs to keep estate ’secure and safe’
Mitchells & Butlers has material cash resources which it believes should be sufficient to fund obligations “well into the second half of the year”.
-
NewsRevolution ups credit facility to £30m
Revolution Bars Group has increased its revolving credit facility with Natwest to £30m.
-
NewsWells & Co cancels rent for two months
Wells & Co will not collect commercial rent from its licensees for the next two months during lockdown measures, the family brewery and pub operator has said.
-
NewsStar provides rent relief on ‘pub-by-pub’ basis
Star Pubs & Bars is providing licensees rent relief on a pub-by-pub basis, and has suspended the collection of the revised rent until June at the earliest, or when the pubs reopen.
-
NewsTRG models ‘pessimistic’ slow recovery scenario
The Restaurant Group has modelled a “pessimistic scenario” for the current financial year, which would see 400 of its sites reopened gradually between July and December.
-
NewsArc keeps staff connected during furlough
Arc Inspirations has shared a number of staff initiatives to keep its people connected and engaged while on furlough.
-
Analysis & InsightDelivery up as consumers find routine in lockdown
Consumers ordered foodservice delivery more frequently last week, suggesting that the disappointing take-up early in the lockdown may be beginning to improve, MCA analysis reveals.
-
News'UK faces depression if cash doesn’t arrive soon'
If government money does not begin flowing to businesses and consumers, it risks plunging the country into a depression, Roasting Plant Coffee UK CEO Jamie Robertson has warned.
-
NewsGeorgel: ‘No one knows how the public will respond when controls are relaxed’
St Austell CEO Kevin Georgel has added his voice to call for support for the “squeezed middle” of pubs with a rateable value over £51,000.
-
NewsLondon czar calls for late night levy suspension
London night czar Amy Lamé has written to each of the capital’s local authorities requesting they suspend collection of annual licence and late-night levy fees for a year.
-
NewsBeer duty deferment urged by BBPA
The Government should defer payments of beer duty due on 25 April for beer produced in March when pubs were forced to shut down, the British Beer & Pub Association (BBPA) has urged.
-
NewsPizza Hut Restaurants: 15 sites under threat of legal action
Pizza Hut Restaurants has joined calls for a moratorium on debt enforcement after revealing that 15 of its sites are being threatened with or already subject to legal action by landlords.
-
NewsTips excluded from jobs retention scheme
There was ongoing confusion last night over the jobs retention scheme, after the government updated its guidance on tip payments, but failed to make any mention of tronc.
-
NewsDeloitte: Opportunistic M&A before crisis ends
Well-invested brands still have the chance of emerging from the coronavirus crisis in a stronger position, Deloitte corporate finance Ed Jenkins has told MCA.
-
NewsGeorgel: No blanket policy towards tenants
St Austell CEO Kevin Georgel has told MCA the pub operator and brewer will be accountable for the way it acts towards its tenants during the crisis - “by our tenants and no one else”.
-
InterviewsLeon: ‘So many people are saying they can’t get food’
Leon managing director Shereen Ritchie has told MCA of the brand’s ambition to reach the vulnerable and elderly as it launches a new grocery and ready meal delivery service today.
-
NewsTRG downsizes exec pay and operations
The Restaurant Group has announced an extension to its lending facilities, executive pay cuts and a downsizing of its board.
-
NewsRent cancellations: ‘As soon as you do it for one, you have to do it for everyone’
Rent has emerged as one of the central and most polarising issues during the coronavirus crisis, creating an us versus them dynamic as operators look to drastically cut costs and wind down their businesses.
-
NewsPubcos respond to calls for rent cancellation
Pubco bosses have responded to calls to cancel rents for tenants, pointing to the government’s package of support for small businesses, the Morning Advertiser reports.