All MCA Insight articles in June 2020 – Page 3
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NewsYoung’s raises £88.4m in equity issue
Young’s has raised gross proceeds of £88.4m through an equity issue.
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NewsBill’s to reopen six sites on 4 July
Bill’s will be reopening six of its restaurants on 4 July.
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NewsGood news, but the road ahead is long
Finally, some good news. Ish. Positive things have happened over the last couple of days, but everything is relative. The sheer scale of lockdown, and its devastating impact on eating and drinking out, means simply being able to open for business feels like a big win, even though victory remains a long way away. Of course that negative impact means the base has never been so low. And it’s understandable that perceptions of what makes good news have changed to such an extent, the creeping nature of the way this coronacrisis has developed
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NewsStonegate to launch high-yield bond to finance Ei takeover
Stonegate is set to raise money via a high-yield debt issue in the coming weeks to help to finance the purchase of Ei, Reuters reports.
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NewsUK Hospitality CEO Kate Nicholls: Rent code the start not the end
Following the publication of the government’s voluntary rent code of practice last week – considered as little more than a token gesture by many – UK Hospitality CEO Kate Nicholls has reassured operators that the code is just the starting point for further rent support.
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Analysis & Insight‘The model is broken’: solving the leasing question
Throughout lockdown, it has been easy to cast commercial landlords as the big bad wolf.
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Analysis & InsightExtra 145m pints under 1m+
An additional 145 million pints of beer can be sold out of home now that social distancing has been relaxed, according to CGA.
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NewsPizza Express announces opening plan
Pizza Express is reopening of 46 of its restaurants for dine-in customers from Thursday, 9 July.
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NewsMarston’s to open 80-85% of pubs from July 4
Marston’s CEO Ralph Findlay has said he expects the pub group will reopen 80-85% of its 1,400 pubs from July 4.
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NewsJDW confirms reopening, £48.3m CLBILS loan
JD Wetherspoon has confirmed it will open its pubs in England on 4 July, following the government’s announcement.
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NewsReopening guidelines for operators published
Operators are being advised by to keep a temporary record of customers and visitors for 21 days, to help assist the NHS Test and Trace scheme.
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NewsPM confirms 4 July and reduces social distancing
Boris Johnson has confirmed the 4 July as the date when the hospitality industry can reopen, and said the two metre social distancing rule can be relaxed to one. “Given the significant fall in the prevalence of the virus, we can change the two metre social distancing rule from 4 July,” he told MPs. To cheers from the house, he said: “we will also reopen restaurants and pubs” though he added that “all hospitality indoors will be limited to table service, and our guidance will encourage minimal staff and customer contact.”
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NewsBurger King CEO Alasdair Murdoch: Expecting clarity from government guidance is futile
Rather than attempting to look for certainty in government reopening announcements, operators would be better advised to prepare based on their own judgement, MCA’s The Conversation has heard.
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NewsAsahi delivers £1.5m support package
Asahi has invested £1.5m in a support package aimed at helping its customers get back to trading. It said the support was divided into three main areas: helping customers create a safe environment for pub and restaurant goers, providing practical support and innovation like digital solutions, and preparing for unknowns and adapting according. Asahi UK MD Tim Clay said while the entire industry awaits the “release of the government’s official guidance for the reopening of pubs & restaurants we are putting practical actions in motion.
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NewsRick Stein Group to permanently close two sites
The Rick Stein Group has announced the permanent closure of two of its restaurants once lockdown is lifted.
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NewsPret job cut fears following sales slump
Pret could be set to make job cuts as it’s been revealed that weekly sales have plummeted by 85% during the coronavirus crisis.
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NewsCamden Town Brewery launches pub support initiative
Camden Town Brewery has launched a new initiative to help pubs in the recovery period.
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NewsUK Hospitality CEO Kate Nicholls: Signs point to imminent reduction in distancing
Operators can be fairly confident the Government will confirm both the 4 July reopening date and a reduction in the two metre distancing rule tomorrow, UK Hospitality CEO Kate Nicholls has suggested.
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NewsThe Ivy Chelsea Garden to reopen with thermal temperature checks and air filtration
The Ivy Collection will re-open the first of its restaurants, The Ivy Chelsea Garden, on Saturday, 4 July, under the assumption the Government lifts its existing restrictions on its two metre social distancing guidelines.
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NewsPizza Express launches virtual brand
Pizza Express has announced the launch its first virtual delivery brand, Mac & Wings.