All MCA Insight articles in July 2021 – Page 3
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NewsBrewDog’s online sales growth fails to offset bar closures
BrewDog has reported a pre-tax loss of £13.1m during 2020 despite achieving 10% revenue growth during 2020. The strong growth in online sales was not enough to offset the impact of bar closures.
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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.
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NewsRekom UK: ‘We have a new cluster strategy’
Rekom UK is looking to grow through a ‘cluster’ expansion strategy, chief executive Peter Marks has told MCA.
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NewsUKHospitality pushes for official changes to self-isolation policy
There is no imminent change to the guidance on self-isolation for hospitality staff despite the huge staff shortages being caused by the ‘pingdemic’, according to UKHospitality’s director of strategic affairs Tony Sophoclides.
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OpinionDominic Walsh: ‘Freedom’ lasted all of 17 hours
It was dubbed Freedom Day. The moment when all Covid-related restrictions would be lifted and life – notably going to the pub or eating out at a local restaurant – would return to normal.
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NewsClarity on ‘crowded venues’ promised
Covid passports have not been ruled out for pubs, with the government promising to provide further clarification on the types of venues that will need to require proof of vaccination in the coming months.
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NewsScully: Self-isolation ‘up to staff and employers’
Business minister Paul Scully has said it is “obviously it’s up to the individuals and employers” whether they choose to self-isolate after being pinged by the NHS app.
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NewsWetherspoon looks to sell seven pubs
JD Wetherspoon looks to sell seven pubs has appointed CBRE and Savills to sell seven of its pubs.
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NewsMarston’s NED steps down
Marston’s non-executive director and senior independent director Carolyn Bradley is standing down from 31 July 2021 in view of her increased business commitments.
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NewsPeretti joins AMT Coffee
Former Patisserie Valerie managing director Paolo Peretti has joined AMT Coffee as interim managing director.
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InterviewsWells & Co: ‘The future of the pub industry is really strong’
With more than 140 years of brewing beer and running pubs under its belt, fifth-generation family business Wells & Co has seen its fair share of tough economic times, but despite the impact of the pandemic, it is very hugely optimistic about the future of the great British pub.
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NewsFever-Tree boosted by the reopening of hospitality
Fever-Tree has released a half year trading update for the six months to 30 June 2021 with revenue up and ”clear signs of pent-up demand” as hospitality reopens.
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NewsYoung’s trading ‘ahead of expectations’
Young & Co, has released a trading statement covering 13 weeks to July 12 stating trade is close to 2019 levels. Chairman Stephen Goodyear remains optimistic about the current financial year and that balance sheet strength leaves Young’s, ”well-placed to make further investments and generate good returns for the long term”.
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NewsRekom: Joy of reopening marred by vaccine passport news
Rekom UK CEO Peter Marks said he should be elated at being able to open up his nightclubs – but was instead a “bundle of nerves” in anticipation of vaccine passports being introduced later this year
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NewsData reveals ‘devastating’ impact of pandemic
Consumer spending on hospitality started to increase in May 2021, but remains at less than 70% of pre-pandemic levels, according to Office for National Statistics (ONS) data.
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NewsPM: ‘Essential’ people isolate when pinged
Boris Johnson has said people must continue to isolate if they are pinged by the NHS app, as he extended exemptions to a small handful of critical workers.is
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NewsKFC UK achieves ‘leading’ status for its chicken welfare
Charity World Animal Protection has released its annual fast food league table focused on the welfare of chickens in the supply chain and has awarded KFC UK with ‘leading’ status.