All MCA Insight articles in July 2021 – Page 4
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NewsVaccine passports a ‘hammer blow’ to nightclubs
Customers will need to be fully vaccinated to get into nightclubs by the end of September, the government has announced.
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NewsCan nudge, reformulation and wider choice work better than taxes?
One of the suggestions from The National Food Strategy is the raising of taxes on foods with high fat, sugar and salt content. But is nudge, reformulation and wider choice a better approach to encouraging change in consumer behaviour?
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Analysis & InsightDrinking-out boosted by Euros finale, but sales still slow
Latest data from CGA’s Drinks Recovery Tracker suggests that while the Euros tournament has provided some venues with a much-needed lift in sales, social distancing, table service and other restrictions have held back this increase to be below what would have been expected pre-Covid.
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NewsPublic remain cautious about mass events
Half of consumers (50%) would feel uncomfortable going to a nightclub in the next few weeks, according to a new poll by YouGov.
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Analysis & InsightGood weather boosts June sales to near 2019 level
Britain’s managed pub, restaurant and bar groups saw sales drop just 1% in June from the same month in 2019, according to the Coffer CGA Business Tracker boosted by good weather.
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NewsNightclubs reopen as ‘freedom day’ dawns
Clubbers have returned to the bars and dancefloors of nightclubs as England reached its long-awaited ‘freedom day’ today (19 July).
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NewsHawksmoor considering IPO
Hawksmoor is considering launching an Initial Public Offering (IPO) on the London Stock Exchange as it looks to capitalise on growth opportunities post-Covid, The Times has reported.
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NewsStonegate files £845m lawsuit against insurers
Stonegate Group has filed a £845m lawsuit against its insurers: MS Amlin, Liberty Mutual Insurance Europe and Zurich, in the latest sector dispute over business interruption policies.
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NewsPM reluctant to impose food taxes
The Prime Minister has made clear his reluctance to impose a £3bn salt and sugar tax on salt sold for use in processed foods or in restaurants and catering businesses.
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NewsPavement licences extended for further year
The government has announced it will be extending its streamlined pavement licensing system for a further year in England, and intends to make it permanent, as part of plans to bolster the recovery of the hospitality sector.
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NewsNathan’s to revive UK expansion plans
US hot dog giant Nathan’s Famous has announced plans to expand the business in Europe, including a refreshed growth drive in the UK.
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NewsSoho House makes lacklustre IPO debut
Soho House saw its share dip almost 10% after its debut on the New York Stock Exchange yesterday (15 July).
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NewsCovid passports would create chaos, industry has warned
The hospitality sector would be unable to cope with the introduction of Covid passports as it lacks the technology to scan the QR codes, it has been reported.
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NewsScully launches new Hospitality Strategy
Business minister Paul Scully has launched a new strategy aimed at ensuring the UK’s pubs, bars, restaurants and other hospitality venues can thrive long-term and adapt to consumer demands.
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InterviewsByron: ‘Our strategy had gone off on a tangent’
Byron has ramped up its investment in new technology and is moving to a digitally led format for its restaurants as the strategy for the business is refocused following its acquisition by investment firm Calveton last summer, chief executive Simon Wilkinson has told MCA.
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Analysis & InsightFurther 12,000 licensed premises set to reopen on 19 July
New research from CGA and AlixPartners predicts 12,000 hospitality venues could reopen next Monday, but several challenges remain for the sector. The latest edition of the Market Recovery Monitor reveals net closures across the licensed sector equivalent to 25 per day during the last 12 months.
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NewsJust Eat grows UK volumes
Just Eat Takeaway.com’s focus on the “historically under-invested” Just Eat UK markets have driven growth and won online share, the company has reported.
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NewsHospitality needs sustained support in order to lead the recovery
The latest Future Shock report from CGA and UKHospitality highlights the pandemic’s impact on the sector and analyses the recovery since April’s reopening. A majority of business leaders now feel optimistic about market prospects for the next 12 months, while consumers are increasingly confident about going out.
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Analysis & InsightDessert parlours and QSR chains to lead outlet expansion
While outlet numbers are forecast to decline for the second year running during 2021, there remain strong pockets of expansion, much of which is driven by the use of franchises. Dessert parlours and certain QSR chains in particular are growing rapidly.
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NewsTortilla: ‘We are all going to be flying a bit differently’
The hospitality industry is about to enter “a very big grey area” and until the government gives greater clarity on what it wants the industry to do with regards to issues like the wearing of face masks, “we are all going to be flying a little bit differently”, according to Tortilla MD Richard Morris.