All MCA Insight articles in May 2014 – Page 11
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Analysis & Insight
Mobile restaurant bookings on the rise
Two in five (41%) diners now book restaurants on their tablets or mobiles, compared to 7% in 2011, according to Bookatable
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NewsPubs claim 7% of sandwich market
Customers in the UK buy one sandwich a week on average and pay £2.07, according to a report by the British Sandwich Association, which showed pubs and hotels claim a 7% share of the sandwich market
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NewsAnalyst corner
Nicholas Batram at Peel Hunt looks ahead to Mitchells & Butlers’ (M&B) half-year results on Thursday 22 May
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NewsBlackpool next for Tiger Bills
Lifestyle Hospitality Group (LHG) is to open its latest Tiger Bills restaurant at Blackpool Pleasure Beach in “early summer” 2014
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News
Losses narrow at For Your Eyes Only
For Your Eyes Only, the operator of lap dancing bars, has reported a narrowing of losses in the year to 31 October from £1.2m to £883,265 and said it continues to be in discussions about potential funding options for growth
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OpinionThe premium/informal era
The launch of the Allegra Foodservice’s UK Restaurant Market report saw the headline: “A new era of premiumised informality driven by food pleasure seekers.” The organisation gives further insights into what this means
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News
Westfield Group: UK rent grows 5.1% in a year
Westfield Group, the Australia-based shopping centre operator, has reported that average speciality rent at its two UK sites grew 5.1% in the year to 31 March to £88.69 per sq ft
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Opinion
Where there’s a grill there’s a way
A grilled cheese venture that began life in a tent is taking the US fast-casual scene by storm, as Kerstin Kuhn discovers
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News
Second Modern Pantry confirmed
The Modern Pantry, the restaurant opened by chef Anna Hensen, has been confirmed to take a unit in the Alphabeta development in the City of London
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NewsM&C20 falls as hedge funds take profits
The M&C20 index suffered a steep fall this week as shares in the leisure sector slid 2.9%, leading to losses of £328m among the 21 constituent companies
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News
Bacardi names interim CEO
Bacardi has announced the appointment of Michael Dolan, who was most recently chairman and chief executive of sports, fashion and media firm IMG Worldwide, as its interim chief executive
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News
Vapiano targets London for GinYuu
Vapiano, operator of the eponymous Italian restaurant concept, is looking to launch its fledgling Pan Asian/Pacific brand GinYuu in London next year, founder Kent Hahne has told the Allegra Restaurant Leader Summit
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NewsTRG eyes more triple openings
The Restaurant Group (TRG) is likely to open sites at the top end of its 2014 openings target, with more units set to open that incorporate three TRG brands, chief executive Andrew Page has told M&C Report
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News
Two more for Marylebone Leisure
Marylebone Leisure Group, the Enterprise Investment Scheme (EIS)-backed company that includes Prezzo chief executive Jonathan Kaye as an investor and non-executive director, has secured a further two outlets, including the site of Bramwell Pub Company’s’s first premium pub format, M&C Report has learnt
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NewsPierre White protege takes high-profile chef's former restaurant
Chef Laurence Glayzer and restauranteur Richard Weiss, who has worked under Marco Pierre White, have secured the site of a London restaurant formerly run by the high-profile chef and jockey Franki Detorri
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NewsMarston's: newbuilds, disposals, franchise, lodges
M&C Report takes a closer look at the H1 results for the 26 weeks to 5 April for Marston’s, speaks to chief executive Ralph Findlay and reports from a presentations featuring senior company directors
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News
Whiting & Hammond FY PBT grows 26%
Whiting & Hammond, the pub group led by Brian Whiting, has reported a 26% rise in pre-tax profit to £280,087 in the year to 30 September 2013, which it attributed to having no one-off start-up costs for new pubs, “coupled with tight control of both margins and staffing costs
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News
Japanese Canteen adds two sites
Japanese Canteen, the London-based restaurant concept, has taken its estate to 10 sites with the acquisition of two sites in the East End
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NewsDiageo on-trade sales director van Buuren to retire
Diageo has announced that its on-trade sales director Martijn van Buuren will retire from the business at the end of the summer
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News
Double Barrel Steakhouse creates franchise model
The Double Barrel Real Steakhouse in Yorkshire is launching a franchise programme as a route to expand the business nationwide