All MCA Insight articles in March 2020 – Page 10
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NewsHospitality innovators shine in times of crisis
In this unprecedented time of crisis, it’s incredible and heart-warming to see creativity once again rise from the hospitality sector.
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NewsUnited We Stand - Jonathan Downey: The rent moratorium buys us some time. What to do next?
Last week I proposed that the Government introduce a forfeiture moratorium to stop landlords from repossessing commercial premises if businesses are unable to pay their rent when the quarterly rent period came up, which is today (25 March). It has listened and this will become legislation tomorrow. As a result, business owners will now have some proper time to work out how best to push through this and bounce out the other side.
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NewsUnited We Stand - Kate Nicholls on the coronavirus crisis
You’ve put questions to the government on its wage relief - what answers have you received so far? We got the much-needed confirmation that the Government will roll-out a Job Retention Scheme providing grants to cover 80% of wages. We had been pushing the Government very hard on this and it was absolutely vital that support was provided to ensure that employees would still receive money and businesses supported. We are still awaiting detail on the scheme
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NewsDeliveroo speeds up cash flow to restaurants
Deliveroo has launched a new rapid payment system so restaurants can access cash made from deliveries inside 24 hours. The new service is completely free of charge and Deliveroo will cover any increase in banking charges. It will be available for at least the next three months. “We want to do everything possible to support our restaurant partners,” Will Shu, founder and CEO of Deliveroo, told MCA.
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NewsJDW agrees to pay furloughed staff
JD Wetherspoon has reversed a decision to withhold staff pay until a government rescue package kicks in.
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NewsBritish Land releases small tenants from rental obligations
British Land has released its smaller retail, food & beverage and leisure tenants from their rental obligations for three months (April to June).
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NewsByron hires KPMG to access emergency funding
Byron has hired KPMG to explore options for accessing emergency funding and to shore up its balance sheet, Sky News reports.
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NewsKricket: “We’ll come out stronger, leaner and wiser”
London-based restaurant group Kricket will be able to maintain full operations on the other side of the coronavirus pandemic because of Government support measures, co-founder Rik Campbell has told MCA.
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NewsShepherd Neame puts 85% of staff on leave
Shepherd Neame is putting the majority of its staff on temporary leave while asked those remaining to take pay cuts.
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NewsCarluccio’s staff take 50% pay cut
The entire staff of Carluccio’s is facing a pay cut as the company fights to stay afloat amid the coronavirus crisis.
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NewsHospitality charity calls for food and catering support
Hospitality industry charity Only a Pavement Away has called on the industry for food and catering support.
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NewsRoadchef closes restaurants, puts staff on furlough
Roadchef has now closed all its restaurant units and put 1,000 staff on furlough.
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NewsHall & Woodhouse cancels rent and suspends loan repayments
Pub company Hall & Woodhouse has cancelled all rent and service charges, and suspended loan repayments for eight weeks across its 180-strong estate.
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NewsCosta, Domino’s and Pizza Hut mass-distribute to key workers and the vulnerable
Costa, Dominos and Pizza Hut have all launched initiatives to deliver free food and drink to key workers and vulnerable communities.
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NewsSelf-employed to receive 80% of last three years profits
The Government will pay self-employed people who have been adversely affected by the coronavirus a taxable grant worth 80% of their average monthly profits over the last three years, the chancellor Rishi Sunak announced at today’s press conference.
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NewsGreene King confirms pay and furlough for all 38,000 staff
Greene King has confirmed pay and furlough arrangements for its 38,000 team members while its pubs remain closed due to coronavirus.
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NewsCity Pub Group to raise new equity through placing and open offer
City Pub Group has announced a placing and open offer to raise new equity of £22 million.
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NewsPizza Hut Restaurants: ‘We are providing a service to the community’
Pizza Hut Restaurants CEO Jens Hofma has told MCA keeping 48 restaurants operating as delivery-only kitchens was the “right thing to do”, by helping ease the pressure on supermarkets and feeding those in need.
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NewsDomino’s sees acceleration in delivery sales
Domino’s UK has reported an acceleration in delivery sales since the Government enforced closure of bars and restaurants. In the last week, trading for the group has increased, with growth in delivery more than offsetting the lack of collection orders, which typically accounts for around 20% of sales. In line ...
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NewsTRG to place Chiquito in administration
The Restaurant Group-owned brand Chiquito has filed a notice of its intention to appoint administrators, suggesting it may be the first big restaurant group to collapse because of coronavirus, the Times reports.