All MCA Insight articles in July 2019 – Page 3
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OpinionAnalysts corner: Marston’s
Following Marston’s trading update for the 42 weeks to 20 July 2019, leading analysts from JP Morgan, Peel Hunt, Liberum and Goodbody share their reactions to the figures, which have been described as “slightly disappointing” in Q3.
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NewsSales up 4% at Diageo UK with gin continuing to boost profits
Net sales were up 5.8% at Diageo, to £12.9bn during the full year to 30 June 2019, with organic growth partially offset by acquisitions and disposals.
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NewsDeliveroo: Major restaurants trialling procurement service
Deliveroo unveiled a food procurement business last week, which sees it supply raw ingredients to restaurants, and which it claimed can deliver savings of up to 40%. Ajay Lakhwani, VP of new business at Deliveroo, talks to MCA about how the service can deliver savings for big brands as well as small independents, and why its not a change of direction for the delivery platform.
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NewsRevenue up 7% at Fuller’s as it enters “transformational” year
Fuller’s achieved a 7% uplift in revenue, to £43.1m for the full year to 30 March 2019, boosted by a strong performance within its Managed Pubs and Hotels arm.
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NewsRed Dog Saloon founder to launch new concept
Red Dog Saloon and Louie’s Hot Chicken founder Tom Brooke is to launch a new Indian-inspired barbecue concept called Burra Khana.
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NewsBBPA call on Johnson to back beer
The BBPA has called on the new prime minister to cut beer tax and business rates. It said 900,000 people work in the beer and pub sector, which generates £22.9bn in GDP and £13bn in taxes.
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Analysis & InsightIs Starbucks’ stardust losing its sparkle?
Three years ago, Starbucks proudly reported trading results for a “momentous year” in which it made its first profits after 17 years of operating in the UK. Profits after tax for the year ending September 2015 came in at £25.8m after a loss of £9.8m the previous year.
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NewsBBPA backs £800k PCA refund
The BBPA has defended the Pubs Code Adjudicator’s decision to refund £800,000 to the pub companies it is tasked with regulating.
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NewsErpingham House launches sub-brand
The UK’s largest vegan restaurant Erpingham House has launched a delivery-only sub-brand, which now accounts for 20% of its revenue.
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NewsSustainable Restaurant Association backs climate-friendly foods
The Sustainable Restaurant Association (SRA) has launched a new initiative called Foodprint to help restaurants and foodservice companies to use more eco-friendly ingredients.
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NewsHistoric whisky bar Milroy’s kickstarts expansion after 55 years
Fabled whisky shop and bar concept Milroy’s has secured its second London site – 55 years after it was established.
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NewsWilkinson departs Ivy Collection
The Ivy Collection’s finance director Dominic Wilkinson has left the Richard Caring-backed group to join TeamSport Indoor Go Karting as chief financial officer, MCA understands.
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CDG appoints trio of brand directors
Casual Dining Group (CDG) has appointed brand directors at Bella Italia, Las Iguanas and Café Rouge as it restructures its senior team formation.
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NewsCabana closes Trinity Leeds
Cabana, the Brazilian barbecue concept from Jamie Barber, has closed its Leeds branch, after appointing KPMG to review its options.
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NewsTaylor St Baristas pulls crowdfunding campaign
Taylor St Baristas pulled its crowdfunding campaign after taking the view that it “wasn’t the right investment vehicle for us at this time”, CEO Nick Tolley has told MCA.
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NewsNWTC lines up six sites for 2020
New World Trading Company (NWTC) has lined up six openings for 2020, including its largest ever Botanist site in Cardiff.
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NewsIndustry reacts to the new PM
UKHospitality has called on Boris Johnson to pursue an agenda of “positive reform” to boost UK business once he is officially installed as prime minister later today. “The new prime minister has recently spoken about wishing to unite the country,” said UKHospitality CEO Kate Nicholls. “If he is serious, he ...
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NewsPret hires M&S director to oversee allergy plan
Pret A Manger has appointed Kate Stein as global technical director to oversee the operator’s Allergy Action Plan.
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NewsBig names added to line-up for MCA’s Restaurant Conference 2019
Alasdair Murdoch, chief executive of Burger King UK, and James Spragg, chief executive of Casual Dining Group, are among a number of big names that have been added to the agenda for the MCA Restaurant Conference 2019.
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NewsMcDonald’s, Nando’s and Greggs enjoy a successful June
McDonald’s, Nando’s and Greggs are the big winners of MCA’s latest Eating Out Panel Monthly Dashboard. Compared to last year’s sweltering heatwave in June, combined with the rush of World Cup football-fever, a boost in like for like sales at lunchtime in 2019 was always going to be a tough ask.