All articles by Georgi Gyton – Page 84
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NewsJKS takes over Arcade Food Theatre
JKS Restaurants is to relaunch Arcade Food Theatre as Arcade Food Hall this November, following the venue’s closure since lockdown in March last year.
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NewsMark Davies steps down as NewRiver CFO
Mark Davies is to step down from his position as NewRiver’s chief financial officer (CFO), and the company’s board, with immediate effect following the announcement earlier this week that NewRiver has reached an agreement to sell its pub business Hawthorn to Admiral Taverns.
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NewsDomino’s set to announce strong financials, suggests analyst
Domino’s adjusted profit before tax is expected to be up 10% to £52.4m, analyst Peel Hunt has predicted.
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NewsNicholls appointed disability ambassador for hospitality
Kate Nicholls, chief executive, UKHospitality, has been appointed as the hospitality sector’s first disability ambassador as the government launches its new National Disability Strategy.
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NewsUKHospitality: ‘We have role in rebuilding society – but we need support’
The hospitality sector has a fundamental role to play in rebuilding communities, the economy and the health and wellbeing of the nation – “but we need government help to allow us to do that”, according to Kate Nicholls, chief executive, UKHospitality.
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NewsMarston’s trading above expectations since indoor reopening
Marston’s has seen total food and drink sales at 92% of 2019 levels in the period from 17 May to 24 July 2021, with sales up 88% since 12 April, beating its expectations.
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NewsHospitality rent collection levels on the up
An increasing number of restaurants and cafes have been able to pay their rent over the three weeks following June quarter day, according to the latest data from property agency Colliers.
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Analysis & InsightEU workers at lowest level for past five years
The proportion of hospitality workers from the EU has fallen to its lowest level in the UK in the past five years, according to the latest data from software provider Fourth.
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NewsAdmiral Taverns to acquire Hawthorn in £222m deal
Admiral Taverns has reached an agreement to acquire community pub company Hawthorn from parent company NewRiver, for a cash consideration of approximately £222.3m.
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Analysis & InsightMarston’s described as ‘top value play’
Marston’s has been described as a ‘top value play’ by analyst Peel Hunt, in a note preceding the brewer and pub operator’s third quarter trading statement due out on 28 July.
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Analysis & InsightLoungers could up 25 new openings a year target
Loungers’ is exploring the possibility of moving beyond its target rate of 25 new site openings per year, according to analyst Berenberg.
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NewsGovernment still committed to Covid passports
The government is standing firm on its decision to implement vaccine passports as a condition of entry to nightclubs, despite a huge backlash from some Conservative MPs.
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NewsStonegate to launch £165m secured notes offering
Stonegate Group is to launch a senior secured notes offering in a bid to raise £165m, in part to finance the capital expenditure in its pubs.
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InterviewsBrasserie Bar Co’s Mark Derry: ‘The sector is being strangled by tax’
The potential for the hospitality sector to grow and contribute more positively to the coffers of the treasury is being held back by businesses’ ever-increasing cost base, according to Mark Derry, executive chairman at Brasserie Bar Co.
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NewsAll hospitality businesses currently recruiting, says poll
One hundred percent of hospitality businesses are currently looking to fill vacancies, according to new research from UKHospitality and pub trade bodies the British Beer & Pub Association and the British Institute of Innkeeping.
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InterviewsLoungers: ‘It’s a great time to be growing the business’
Loungers is looking to capitalise on the “really strong new site opportunities” it is finding in the property market, as it gets back to its pre-Covid run rate of 25 new site openings a year, chief executive Nick Collins has told MCA.
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NewsMarket Halls launches £1m crowdfund campaign
Market Halls has kicked-off a £1m crowdfunding campaign through Seedrs.
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NewsYoung people support vaccine passports for nightclubs
More than half (57%) of 18-25-year-olds support the introduction of vaccine passports as a condition of entry for nightclubs, according to a new poll from YouGov.
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NewsLoungers sees revenue more than halve
Loungers saw its revenue fall more 52.9% for the 52 weeks ended 18 April 2021, to £78.3m, down from £166.5m the previous year.