All articles by Finn Scott-Delany – Page 51
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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.
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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.
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NewsLeon readies new delivery service, Feed Britain
Leon is to launch an online delivery service, Feed Britain, offering grocery boxes and ready meals.
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NewsKPMG: ‘This will ultimately wipe out the weaker operators’
The hospitality industry is entering a period of relative calm, with attention now turning to medium and longer term challenges, KPMG’s Will Wright has told MCA.
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NewsLuke Johnson: ‘Terrible trade-off’ lies ahead in virus fight
Luke Johnson has warned the UK could face a “Great Depression” and would have to decide if the containment measures were worth the “collateral damage” of falling living standards and damage to mental health.
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NewsLandsec allocates £15m to F&B rent relief
Land Securities has set up a rent relief support fund of £80m, with a particular focus on F&B operators and SMEs.
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NewsChancellor to overhaul SME loan scheme
The chancellor is set to overhaul his emergency aid scheme for small businesses (SMEs) as companies struggle to access crisis funds, Sky News reports.
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NewsMajority of companies face diminishing cash pile
A large number of companies are in danger of running out of money within weeks, according to a survey by the British Chambers of Commerce. The survey found 62% of companies polled late last month said that they had enough cash to keep them going for the next three months ...
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Landlords must cancel rent to ensure a future for sector - Pure
Landlords have to realise “we are all in it together” and offer operators rent-free periods, Pure CEO Spencer Craig has told MCA.
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NewsHonest redeploys staff to retail and care sectors
Honest Burgers has created a scheme to allow furloughed members staff to be seconded to other businesses, particular in retail and care.
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NewsSt Austell safeguards all 2,000 staff
St Austell Brewery has put more than 75% of its staff on furlough, protecting all 2,000 jobs.
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NewsLandlords threaten winding up orders over unpaid rent
UK landlords are threatening legal action against hospitality operators after many withheld rent to preserve cash during the lockdown, the Financial Times reports.
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NewsBoxparks shuts down delivery operation
Boxpark has completely shut all of its sites, with tenants still operating as a delivery service to cease trading.
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NewsPizza Hut leads donations for Deliveroo NHS appeal
Pizza Hut is leading donations towards a Deliveroo appeal to give 500,000 meals to NHS workers.
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NewsHammerson collects 37% of billed rent
Hammerson, the property and development company, has received 37% of UK rent billed as of the end of 27 March.
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NewsDirectors protected against trading while insolvent
The UK government has announced changes to insolvency laws to prevent company directors being accused of wrongful trading.
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NewsHoward Kennedy: Rules of ‘financial Darwinism’ no longer apply
Unprecedented is a word that’s been used so much in the past few weeks it’s lost of much its intended impact. Yet it’s a reasonable claim from Chancellor Rishi Sunak that the package of emergency measures he introduced last week were indeed without precedent, not only for a Conservative government, ...
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NewsCarluccio’s on the verge administration
Carluccio’s is on the verge of administration, it emerged this evening.
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NewsCity Pub Co raises £15m after share placing
City Pub Group has raised £15m from existing shareholders and other institutional investors this morning after placing 30m of new ordinary shares.
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NewsPizza Hut Restaurants: ‘We are providing a service to the community’
Pizza Hut Restaurants CEO Jens Hofma has told MCA keeping 48 restaurants operating as delivery-only kitchens was the “right thing to do”, by helping ease the pressure on supermarkets and feeding those in need.