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All articles by Georgi Gyton – Page 71
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NewsHospitality to be hit by further industrial action
London Underground Workers are set to strike on 19 August in a dispute over jobs and pensions.
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NewsVAT hike hits McDonald’s UK sales
Despite the return of the 20% VAT rate, the fast food giant “continued to build QSR market share” in the UK, Kevin Ozam, CFO, McDonald’s Corporation said following its Q2 results update
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NewsRobinsons returns to profit
The Stockport-based brewer and pub operator experienced strong sales last year, recording a profit before tax of £15.4m, and said it continues to be acquisitive
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NewsFour Star Pizza targeting 45 new stores
The Irish pizza chain, led by Colin Hughes is looking to open stores across mainland and Northern Ireland.
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NewsStrauss departs Rockfish
David Strauss has left his role as restaurant director at Mitch Tonks’ restaurant group after almost three and a half years, with David Durban named as his replacement
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Analysis & InsightEBITDA margins increase for operators
Average margins across bars and restaurant have increased to 15% over the past 12 months, according to a new report by Shaw & Co
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InterviewsRobin Rowland: ‘Pho deal was fantastic for both sides’
TriSpan’s Robin Rowland and Pho MD Patrick Marrinan spoke to MCA about their Investor of the Year win, why the magic of the brand lies in the founders, and its development journey since the deal
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NewsStonegate managed lfls up 2.3%
The group recorded total revenue for 28 weeks to 10 April 2022 of £827m, compared to £128m the prior year, with sales recovering well since reopening last year
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Analysis & InsightConsumer confidence remains at historic low
The overall index score is -41, but has remained relatively static over the past three months, according to GfK’s Consumer Confidence barometer.
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Analysis & InsightRestaurant insolvencies up +60%
A total of 1,406 restaurants in the UK closed their doors in the 12 months to May 2022, new data from UHY Hacker Young has found
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NewsOakman hires advisers to explore refinancing
The group is understood to have hired Forster Chase to explore refinancing options, as it looks to refurbish a number of new acquisitions
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Analysis & InsightClick & collect: omnichannel must have?
Sales through the channel may have boomed during Covid but are customers still opting to click and collect and how much are operators still investing in the service? MCA investigates, featuring commentary from PizzaExpress, Fridays and Five Guys
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NewsHills leaves Megan’s
Sarah Hills has stepped down as managing director at Megan’s Restaurants after less than two years in the role.
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NewsRed Mist founder launches new venture
Mark Robson has set up New Dawn Pubs with fellow Red Mist Leisure directors, following its sale to Red Lion Holdings
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NewsLoungers: ‘We see lots of opportunity in London’
Openings in Greater London this year to far exceed FY21/22, with its property pipeline remaining “very well advanced”, chief executive Nick Collins has said
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Analysis & InsightWest End hospitality seeing huge cut to trading hours
With a fifth of hospitality vacancies unfilled in the area, almost half of businesses are reducing trading hours, according to a new report
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NewsMcDonald’s takes loyalty scheme nationwide
The fast-food chain has expanded its first loyalty scheme in the UK, MyMcDonald’s Rewards, taking it nationwide, following a successful trial earlier this year
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NewsShepherd Neame makes Bournemouth acquisition
The independent brewer and pub operator has secured its first site in the seaside town – takes its total estate to 300 – as it looks to capitalise on the staycation market
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Analysis & InsightGross profit down as food costs rise
Average overall costs are up by 10% compared to 2019, with food costs up by approximately 13% and drink costs by 8% over the same period, according to Fourth
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NewsBurger King UK to launch new loyalty programme
Your Burger King will launch on 26 July and will enable customers to acquire points which can be redeemed against 22 menu items