All articles by Finn Scott-Delany – Page 51
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NewsWhitbread eligible under Covid Corporate Financing Facility
Whitbread has announced it has been confirmed as an eligible issuer under the UK Government’s Covid Corporate Financing Facility (CCFF).
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NewsLockdown extended for three weeks
Lockdown will continue for at least another three weeks, with “light at the end of the tunnel” if certain criteria are met.
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NewsCity Pub Co raises £22m
City Pub Group has raised £22m following a share placing, cutting net debt by two thirds.
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NewsWimpy adds delivery and takeaway sites
Wimpy opened a brand new site in Orpington over the Easter weekend, with half of its 68-strong estate now offering home delivery or takeaway during lockdown.
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NewsSacha Lord: 70% will go under without urgent cash support
Seventy per cent of night-time operators face going out of business if they do not get urgent access to cash support from government, Manchester night czar Sacha Lord has warned.
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NewsMarston’s: ‘We are all in this together’
Marston’s is having constructive conversations with its tenants and lessees about rent, with relief concessions being offered where appropriate, CEO Ralph Findlay has said.
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NewsDeliveroo NHS campaign raises £1.5m
A Deliveroo campaign to feed NHS staff has raised more than £1.5m, which will go towards its pledge to provide 500,000 free meals.
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NewsPizza Hut finds its mojo at time of crisis
Pizza Hut UK MD Neil Manhas has told MCA the brand has “found its mojo” serving the community at a time of crisis.
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NewsFurloughed staff under renewed threat
Hospitality staff are under renewed threat of jobs losses if the government does not extend the jobs retention scheme beyond its initial three month period.
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NewsKFC reopens select delivery-only sites
KFC has reopened several restaurants for delivery only, with further reopenings planned in the coming weeks.
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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.
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NewsRevolution ups credit facility to £30m
Revolution Bars Group has increased its revolving credit facility with Natwest to £30m.
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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”.
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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.
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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.
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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.
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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.
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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.
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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.
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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.