All MCA Insight articles in March 2023 – Page 4
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News
UKHospitality: ‘It’s inevitable that menu prices will rise again’
Responding to the interest rate rise, CEO Kate Nicholls said tackling the main drivers of inflation would help stem further increases
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News
Fever-Tree sees on-trade sales up 28% year-on-year
The drinks supplier saw strong growth in the on-trade despite the impact of strikes and disruption over the key December trading period
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News
Openings of the week
MCA rounds up the biggest openings stories of the week, featuring The Wolseley City, JD Wetherspoon, The Real Greek and more
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Analysis & Insight
Shelley Sandzer: More sites will be coming to the market
MD Ted Schama told the R200 conference how operators have been quietly restructuring their portfolios in informal CVA-type processes
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Interviews
Daisy Green to open new central London site
The Antipodean restaurant brand will open a site in central London this summer that will signify a major change for the brand, according to founder Prue Freeman
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News
Draught lager prices up almost 12% year-on-year
The average cost of a pint of draught lager increased 11.8% in the year to February 2023, latest figures from the ONS have revealed.
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Opinion
Peter Martin: How Nando’s is keeping its cool
Incorporating TV advertising into its promotional mix, Nando’s has also shown it is not afraid to try something new (or even old) to stir things up, Peter Martin writes
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News
Minister for Hospitality: ‘We are keen to find a solution to energy cost pressures’
The government is “acutely aware” that many businesses have contracted at higher prices and are subject to increased standing charges, Minister Kevin Hollinrake has said.
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News
BBPA warns of ‘cliff edge’ for many pubs
Pubs across the country will be hit with a significant increase in energy costs from 1 April, with the average bill to go up by more than £18k a year, the trade body has warned
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Interviews
Shepherd Neame sees strong growth momentum ahead
Consumer demand has held up well and the 301-strong pub operator will return to its previous growth trajectory, CEO Jonathan Neame tells MCA
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Analysis & Insight
Over half of consumers spending less on takeaway
A quarter of consumers reported spending significantly less on delivery than they did during lockdown, although the proportion of grocery spend online remains high
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News
Hospitality vacancies almost double 2019 levels
The number of online job adverts for hospitality workers in the north east of England has more than doubled, with Wales seeing a 98% increase, according to Indeed Flex
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Opinion
Dominic Walsh: A warming tale of whiskey entrepreneurship
Dominic Walsh recounts the success of refugee turned multi-million pound business owner Steven Yeng, and how his peanut butter whiskey concoction feeds into the flavoured whisky market
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News
Inflation rises unexpectedly, prompting sector to speak out
Loungers chairman Alex Reilley said ‘energy producers are holding this country to ransom’
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News
RMT rail strikes called off
The nationwide rail strikes planned for 30 March and 1 April have been called off as the union announced it would enter fresh talks with the Rail Delivery Company
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News
Deliveroo launches training academy
The new platform will help small and medium-sized restaurants across the UK access advice, training and skills
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News
Insomnia Cookies appoints former Deliveroo director as UK MD
The late-night cookie concept, which has 230 US stores, has announced Ben Lacey as its first UK hire amid plans to debut this year
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News
Blank Street closes $20m funding round
The specialty coffee chain is piloting a subscription service in the US as it looks to boost retention and repeat sales, while expanding its F&B offer
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News
Shepherd Neame maintains resilience amid inflationary pressures
While revenue was up 8.4% and demand was encouraging in H1 2023, margins were impacted by cost inflation
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News
Just Eat to axe jobs of around 1,700 workers
The delivery company has made the decision to use gig economy workers, rather than employees, despite previous comments criticising this emoployment model