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All articles by Georgi Gyton – Page 58
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NewsOfgem to investigate bad practice by suppliers
The energy regulator said it had been on the receiving end of reports about lack of offers for new contracts, excessive security deposits, excessive charges for deemed rates
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NewsDownbeat reaction to Autumn Statement
Described by some as “devastating”, the lack of support offered to struggling hospitality businesses left many wanting much more from Chancellor Jeremy Hunt
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InterviewsFuller’s: ‘The bedrock of our business is very solid’
The entire hospitality sector is going through a very difficult period but Fuller’s CEO Simon Emeny tells MCA he is confident its business model and the quality of its people will see it come through the challenges strongly.
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Itsu, Golf Fang, Beefeater and Roxy Lanes.
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NewsChancellor to bring forward targeted approach to support for businesses on energy
In his Autumn Statement this morning, Jeremy Hunt also confirmed a rise in the National Living Wage, from £9.50 to £10.42 in April
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NewsThe Coffee House looking to double estate
The independent speciality coffee shop operator has just opened its 12th site in the North of England, in Bolton, and is planning 25 by 2025.
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NewsThe Alchemist to open first international site next year
The cocktail bar and restaurant group has confirmed plans to open a site in Potsdamer Platz, in Berlin
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NewsMorty & Bobs to kick off expansion plans
The Edition Capital-backed business is looking to open two sites per year across the UK, with its third location to open next month in Kensal Rise.
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NewsNick Jones to step down from Soho House
The founder of the private members’ club has decided to step back from his role as chief executive and will be replaced by Andrew Carnie
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NewsFuller’s sees revenue up 45% for the half-year
The premium pub and hotel operator said it had achieved good momentum, with like-for-like sales still seeing double-digit growth in the first seven weeks of H2 2022, and strong growth in central London, despite the challenging macroeconomic environment.
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Analysis & InsightFood prices up by a 20% in past year
Oils and fats have seen the highest rises, yet again, up almost 50% year-on-year, with overall food price inflation at 19.9%, according to the latest CGA Foodservice Price Index.
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NewsNightcap: ‘Opportunities won’t be missed’
Pausing its roll-out doesn’t mean property opportunities will be missed but that Nightcap will be in a better position to take advantage of them next year, CEO Sarah Willingham has said.
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NewsChopstix on track to reach century of sites
The pan-Asian QSR brand has just opened its second site in Norwich and is on target to reach 100 locations by the end of its current financial year.
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NewsInflation: ‘The crisis is worsening’
With inflation having reach a new 40-year high, it is essential that government introduces measures that can keep hospitality businesses afloat, UKHospitality has urged
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NewsCMA to investigate Shaftesbury and CapCo merger
The two landlords reached an agreement on a recommended all-share merger of the two companies in June this year.
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NewsKarak Chaii to accelerate franchise expansion
The brand is aiming for 30 locations by the end of next year, with seven in the pipeline to open in early 2023, its strategic advisor Paolo Peretti has told MCA
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NewsEgg shortage sees them dropped from some menus
JD Wetherspoon has been forced to take eggs off the menu on some of its breakfast dishes due to a national shortage, with retailers rationing supplies
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NewsHeineken announces significant price hikes
The brewer has announced it will be increasing the price of its beer and cider by more than 15% after Christmas due to ‘unprecedented cost pressures’.
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NewsInflation rose to 11.1% in October
This morning’s latest inflation figures from the ONS show a new 40-year high, on the back of higher energy bills and food prices
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NewsIn pictures: Original Zizzi’s undergoes refresh
The refubishment of the restaurant in Chiswick, which now features artwork inspired by the surrounding area, forms part of the rollout of the brand’s new look