All MCA Insight articles in January 2020 – Page 5
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NewsFever-Tree UK turnover down amid subdued Christmas trading
Fever-Tree, the premium mixer supplier, performed below expectations for the year ended 31 December 2019, primarily reflecting “subdued Christmas trading” in the UK.
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NewsPrices across foodservice at lowest point for seven months
Prices across the foodservice sector dropped to their lowest point for seven months in November 2019, the latest edition of the Foodservice Price Index from CGA and Prestige reveals.
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NewsPub prices up 4% amid M&A activity
Average pub prices are up 4% year on year after the busiest year of transactions in a decade, according to Christie & Co.
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NewsOakman Inns refinances debt with Cynergy Bank
Oakman Inns & Restaurants has partially refinanced its secured debt on The White Hart in Ampthill, Bedfordshire and The Royal Foresters in Ascot, Berkshire through an £11m loan from Cynergy Bank.
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NewsPastaio Westfield in pictures
A look into the new Pastaio Westfield site, which opened on 10 Januray.
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NewsBoparan swaps Ed’s for Slim’s at Bluewater
Boparan Restaurant Group is opening its seventh Slim Chickens in Bluewater shopping centre in Kent next month.
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NewsBarkby acquires Huntington site
Premium gastropub operator The Barkby Group has acquired a new site in Huntington, Cambridgeshire.
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NewsGreene King: vegan dishes up 265% yoy
Greene King has reported total sales of vegan dishes were up 265% year-on-year.
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NewsNew year, new prospects ahead
Dom Walsh looks at the prospects for hospitality in the year ahead.
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NewsThorndycraft leaves Deltic
Jason Thorndycraft, chief operating officer of The Deltic Group, is leaving the role following a restructuring of Deltic’s management structure.
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NewsBrasserie Bar Co. pub-focused strategy delivers strong results
Brasserie Bar Co. has credited its strategy of returning under-performing pub sites in affluent areas to their “former glory” as a primary for its strong FY19 results.
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NewsRevolution in ‘healthy discussions’ with landlords over rent renegotiation
Revolution Bar Group is continuing to have “healthy discussions” with landlords as it works to improve the profitability of its property portfolio, CEO Rob Pitcher has told MCA.
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NewsPeel Hunt on Revolution Bars Group
Peel Hunt comments on RBG trading update for H1 FY20, the 26 weeks ended 28 December 2019.
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NewsFinn Cap on Revolution Bars Group
Finn Cap comments on RBG trading update for H1 FY20, the 26 weeks ended 28 December 2019.
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NewsWhitbread reports “solid” Q3 trading performance
Whitbread has reported a “solid” third quarter performance in its trading update released today.
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Analysis & Insight
Goodbody on Marston’s
Management were quite open at their FY results a few weeks ago that it was disappointed with FY19 trading and would be working hard to remedy it in FY20. It will be interesting to see if they can deliver better YoY growth this Christmas particularly given its comp is easier ...
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Analysis & InsightGoodbody on TRG
Restaurant Group will report a Q4 trading update in late January. At this point last year RTN gave full year LFL’s for the group and total sales. We forecast FY LFL sales growth of -0.8% in the Legacy business with LFL sales growth of 8.8% for Wagamama UK (implying a group FY LFL of just above 2%). As a reminder group LFL growth was +3.7% in the first 34 weeks.
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Analysis & Insight
Goodbody on Coffer Peach
The Coffer Peach data for the key 6 week Christmas trading period was released this morning. Sector like for likes were up 2.5%. Both Pubs and Restaurants saw a good LFL trading performance with restaurants +2.3% and pubs +2.7%. Within this wet led pubs slightly outperformed food led. Total sales growth for the cohort was +5.4%. The tracker added a new data point for bars which saw strong growth of 3.9%. The director of Coffer Corp leisure noted that “there is a post election sense of optimism”.
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News
Carlill promoted to MD Marston’s
Marston’s director of pub operations Andrew Carlill has been promoted to managing director of pubs and bars, MCA understands.