All MCA Insight articles in January 2014 – Page 11
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Analysis & Insight
CEO’s confidence increases for coming 12 months
Twice as many chief executives around the world believe the global economy will improve in the next 12 months compared to last year
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News
Cadwalader eyes growth after new finance package
Cadwalader Ice Cream, the Welsh ice cream parlour-meets-cafe operator, has announced plans to open four new cafes during 2014 and upgrade existing sites after securing a £750,000 finance package from HSBC
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NewsJDW Q2 lfls rise 6.7%
JD Wetherspoon has reported a 6.7% rise in like-for-like sales in the 12 weeks to 19 January although it expects pre-exceptional operating margin for H1 to be slightly lower than in the same period last year
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NewsFrench reiterates Hold for Marston's
Leading analyst Simon French has reiterated his Hold recommendation and 150p Target Price for Marston’s after a “slightly better than expected” trading update
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News
French: TRG still a Buy after Page steps down
Leading analyst Simon French says Andrew Page’s decision to step down as chief executive of The Restaurant Group does not alter the investment case in the company
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News
Stonegate unveils latest evolved Scream
Stonegate is to open the latest of its evolved Scream sites on Thursday (23 January) in Sheffield
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News
Pubco statutory code 'could close pubs'
Andrew Griffiths MP, chair of the All-Party Parliamentary Beer Group, has urged the Government not to introduce a statutory code governing the relationship between pub companies and their tenants, claiming that regulation would have “unintended consequences” and “force more pubs to close”
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News
How to manage customer expectation and behaviour
How to maximise the business benefits of technology during 2014 and beyond.
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News
Thwaites plans 60 redundancies in brewing restructure
Daniel Thwaites, the Lancashire-based brewer and pub operator, has announced plans to further restructure its brewing operations that could lead to the loss of a further 60 jobs
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NewsCremonini eyes UK launch for coffee and steak concepts
Chef Express UK, operator of the Bagel Factory concept in the UK and Ireland, has been asked by its Italian parent Grouppo Cremonini to bring more of its F&B brands into Britain, M&C Report has learnt
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NewsMarston's Destination and Premium festive lfls grow 3.3%
Marston’s, the brewer and pub operator, saw like-for-like sales grow 3.3% over the key festive period (three weeks to 3 January) in its Destination and Premium division
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NewsYoung's buys Islington theatre pub
Young’s, the London-based pub group, has acquired the King’s Head Theatre Pub in Upper Street, Islington
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Analysis & Insight
Report predicts 'fatalities' among steak restaurants
The rise of boutique wine bars, Greek restaurants and vegetable juice bars are among the likely trends in the restaurant sector this year, according to DCL, which also predicts “fatalities” in the steak sector
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NewsQuiznos builds UK pipeline
Quiznos, the US sandwich chain, has outlined plans for UK openings in early 2014, with four planned over the next three months or so, M&C Report has learnt
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Analysis & Insight
Sector 'distress' falls
The number of restaurant and bar companies in “critical distress” fell at a faster rate year-on-year than across UK businesses as a whole in Q4 2013, although more are experiencing “significant problems”, new figures show
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NewsSABMiller UK volumes grow 9%
SABMiller has reported a 9% rise in UK volumes in the three months to 31 December, led by Peroni Nastro Azzurro, as a result of “increased distribution and an improved rate of sale”.
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News
Tax campaigner call for end to duty escalator
The new chief executive of the TaxPayers’ Alliance has urged Chancellor George Osborne to scrap the alcohol-duty escalator, which he said is causing damage to pubs
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Opinion
Big shoes to fill
I like to think that if Andrew Page, the retiring chief executive of The Restaurant Group, was a footballer, say for his beloved Fulham, he would be cast in what pundits like to call the “Claude Makelele-role”. Tidy, unfussy but essential in making the rest of the team tick. Sure there have been more high-profile chief executives, but for getting the job done at a consistent and high quality level, Page’s work over the last 12 years at the Frankie & Benny’s operator will take some beating. These are big shoes to fill indeed
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News
DCL warns on central London rents
High rental bids from overseas tenants could push up prices for existing operators, resulting in “heavy casualties” among leisure firms in central London, according to DCL
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NewsIlly to open cafe at Samsung store
Illycaffè, the Italian coffee maker, is to open a cafe within one of technology company Samsung’s London stores, M&C Report has learnt