All articles by Finn Scott-Delany – Page 54
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NewsLeon: 'We have to do the right thing’
Leon has pledged to remain open to feed NHS and other key workers as scores of other operators wind down operations.
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NewsBarclaycard extends contactless limit to £45
Barclaycard is extending its contactless limit to £45 from 1 April 2020 as the UK enters lockdown.
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NewsTfL follows Network Rail and cancels first quarter rents
Transport for London (TfL) has cancelled rent payments for small and medium-sized businesses on its estate from 25 March to 23 June.
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NewsClarity over eligibility for corporate finance scheme
Hospitality business which do not have a credit rating should not be discouraged from applying for the Covid-19 Corporate Financing Facility, the Bank of England has confirmed.
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NewsCommercial tenants protected from eviction
Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction, the government has announced.
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NewsDeliveroo partners with M&S for food delivery
Deliveroo has announced a new partnership with BP and Marks & Spencer Food as UK lockdown commences.
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NewsSupport needed for ‘vital’ takeaway and delivery services during lockdown
Restaurants and cafes will continue to be able to offer food delivery and takeaway under exemptions to the UK lockdown, the government has said.
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NewsWhy are big brands abandoning takeaway and delivery?
Takeaway and delivery last week emerged as a possible silver lining to the biblical storm clouds posing an existential threat to the restaurant and bar industry.
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NewsGreggs slashes outgoings
Greggs is completely shutting its entire estate in order to protect its people and customers, it has announced.
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NewsFulham Shore confident it will thrive again on return
Franco Manca and Real Greek operator Fulham Shore is confident it will thrive once the market returns to normal.
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NewsFuller’s in a ’strong financial position’ to weather crisis
Fuller’s is in a “strong financial position”, with an excellent relationship with its banks, a healthy balance sheet and significant liquidity headroom.
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NewsJobs retention scheme hailed as ‘lifesaver’
The Coronavirus Jobs Retention Scheme has been hailed as an “extraordinary measure” by the government to keep millions of hospitality staff on the payroll – though it was warned it could be rendered meaningless if a forfeiture moratorium is not achieved this week.
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NewsPret to close all stores
Pret a Manger has just announced it will be closing all its 400 UK stores from this evening.
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NewsVapiano applies for insolvency
Vapiano has opened insolvency proceedings and will apply for government assistance programs to avoid bankruptcy, blaming the coronavirus crisis for a further drop in sales.
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NewsBurnham: ‘Government has done least for the people who need help most’
Chef-patron Angela Hartnett has joined calls for a rent-free period and a support for hospitality staff after being forced to close her four restaurants in London.
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NewsSenior CEO: ‘Our view is people should boycott rent’
Senior directors are considering boycotting rent amid a wave of mass closures to hit the restaurant and bar sector, MCA understands.
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NewsMass repossessions if government does not step in
The majority of landlords are refusing to negotiate meaningfully on rent payments despite the threat of widespread restaurant closures, Imbiba property director Kieran Sherlock has told MCA.
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NewsInterest rate cut to 0.1% amid turmoil for listed restaurant and pub groups
The Bank of England has cut interest rate to 0.1%, while announcing £200bn of quantitative easing.
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News‘Realistically, landlords are at the back of the queue’
Calls are growing for the Government to create a six-month lease forfeiture moratorium to prevent landlords from evicting operators for non-payment of rent.
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Hansen: ‘Mobilise workforce to provide meals for vulnerable’
The hospitality workforce facing layoffs should be mobilised to provide a subsidised meal service for the elderly and vulnerable stuck at home during the covid-19 crisis, corporate advisor Peter Hansen has told MCA.