All MCA Insight articles in May 2014 – Page 15
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News
Collyer upbeat on Enterprise
Leading analyst Geof Collyer has said he’s “very confident” of his full-year forecast for Enterprise Inns following its H1 results this morning, with the possibility that the company could report EPS growth for 2014
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News
UK employment prospects rising
UK employers are hiring staff at the fastest rate since before the financial crisis, with hotels, catering and leisure leading the private sector services, according to a report by the Chartered Institute of Personnel Development (CIPD).
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NewsCarluccio’s builds pipeline
Carluccio’s, the all-day Italian café chain led by Simon Kossoff, has continued to strengthen its pipeline of openings in the UK
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Minimum pricing would have 'little impact' on moderate drinkers
A minimum unit price of 45p would reduce alcohol consumption for harmfully heavy drinkers on low incomes by nearly 300 units annually, but have little impact on moderate drinkers
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Tesco strengthens Decks pipeline
Tesco has strengthened the pipeline for its casual dining format, Decks, with a further seven sites set to come on line over the coming few months
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Essenden undertakes debt for equity swap
Creditors of Essenden, the Nick Basing-led operator of the Tenpin bowling brand, have voted overwhelmingly in favour of its plan to undertake a debt for equity swap to prepare the business for acquisitions
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NWTC closes in on first London site
The New World Trading Company (NWTC) is understood to have taken a step closer to securing its first London site, which will operate under the name The Trading House
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News
Caffeina Co makes UK debut
Caffeina Company, the operator of two ‘neighbourhood’ coffee shops in Rome, has opened its first site in London
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News
Bitters ‘n’ Twisted expands Bodega concept
Bitters ‘n’ Twisted, the Birmingham-based multiple operator of restaurants and pubs, is opening a second Bodega restaurant which will be its first venue away from Birmingham
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NewsYates swaps Grand Union for Urban Pubs & Bars
Tim Yates has stepped down as finance director of Grand Union to return to working with his former Realpubs colleagues Nick Pring and Malcom Heap under their new fledgling vehicle Urban Pubs & Bars
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NewsTRG 'well placed amid strong trading'
Leading analyst Karl Burns has reiterated his Buy recommendation for The Restaurant Group (TRG) ahead of its trading update on Thursday, saying that he expects trading to have been strong in the period, with like-for-like sales growth of around 3-4%, and arguing that it’s well positioned to benefit from improved consumer spending
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News
Inception eyes pub opening
Inception Group, the London bar and restaurant operator, has reportedly set its sights on opening a pub in the capital
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News
GBK founder backs new doughnut concept
A new artisan doughnut concept backed by Gourmet Burger Kitchen co-founder Adam Wills has launched in London, according to M&C Report’s sister title British Baker
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NewsEnterprise lfl net income grows 1.1%
Enterprise Inns, the tenanted and leased pub operator, has reported a turnaround in like-for-like net income in the six months to 31 March, with growth of 1.1% against a decline of 4.3% in H1 2013
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NewsJack predicts lfl profit lift at M&B
Leading analyst Douglas Jack has forecast that Mitchells & Butlers (M&B) will report a 2% rise in H1 pre-tax profit and 1% rise in like-for-like sales at its interim results on 22 May
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News
Rossopomodoro launches charity campaign
Rossopomodo, the Italian restaurant chain backed by Change Capital, is supporting Action Against Hunger charity by donating 50p for every Verace pizza sold in their restaurants to the humanitarian charity
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News
TCG unveils MatchPint partnership
TCG, the pub management group, will be using sport content management system MatchPint to inform customers of which of its pubs will be showing World Cup matches
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NewsPunch invests over £2m into Lancashire estate
Punch Taverns has invested more than £2m into its pubs across Lancashire over the past six months to refresh menus and enhance the use of local produce
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NewsBermondsey Pub Co opens first Enterprise Inns managed site
More details are emerging about Enterprise Inns’ new managed pub business – which will operate initially in London under the name The Bermondsey Pub Company
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OpinionThe changing face of foodservice
Rob Sexton, chief executive of the Soil Association, looks at how foodservice operators are reacting to changing consumer attitudes to what they eat, and why, despite some good progress being made, there is still more work to be done by major high street dining brands