All MCA Insight articles in May 2020 – Page 4
-
NewsTask forces established for safe reopening
The Government has set up five ministerial-led task forces to develop plans for how and when businesses in closed sectors such as hospitality can safely reopen safely.
-
NewsMarston’s agrees £70 million bank facility
Marston’s has agreed a £70 million, 180-day, increased bank facility to provide it with sufficient liquidity to support the group beyond the end of the financial year.
-
NewsBarburrito to reopen select sites for delivery
Mexican fast-casual concept Barburrito is set to reopen six of its sites for delivery next week, MCA has learned.
-
NewsTrade bodies call on insurers to meet obligations for pub sector
Hospitality trade bodies have called on the Association of British Insurers to agree to a meeting to discuss further support for pubs and breweries affected by the coronavirus crisis.
-
NewsBrighton Pier Group sets out cash conservation measures
The Brighton Pier Group has announced the implementation of a number of measures to conserve and raise cash through the coronavirus closure period.
-
NewsUKH: Two-metre distancing rule for ‘sustained colleague contact’
When hospitality spaces are allowed to reopen, the two-meter social distancing rule will not strictly apply on an individual to individual basis, Kate Nicholls, UK Hospitality CEO has said.
-
NewsGovernment to support suppliers through trade credit insurance guarantee
The Government has announced that it will provide a short-term guarantee to trade credit insurers, confirming the majority of business-to-business insurance coverage will be maintained.
-
InterviewsStar: ‘Great opportunity’ for pubs in the future
Further grant support from the Government will be needed if pubs are to open under any kind of restrictions, Star Pubs & Bars managing director Lawson Mountstevens has told the Morning Advertiser.
-
NewsGreene King to launch takeaway service
Greene King is set to launch a ‘pub grub’ delivery and takeaway service from a number of its London sites next week.
-
OpinionPeter Martin: Why being first isn’t always best
The good news about hospitality having to wait until at least 4 July to start reopening is that it gives operators another month to prepare and plan. It will be valuable time, not just to hone operational protocols and procedures, but to see how the wider economy starts to function, or not, after its 1 June restart date.
-
NewsStonegate announces support for Ei Pub Partners
Stonegate Pub Company has revealed details of a multimillion-pound support package for publicans within the recently acquired Ei Publican Partnerships leased and tenanted business.
-
NewsAmazon/Deliveroo platform will ‘substantially decimate margins’
Deliveroo have been a major part of the destruction of the restaurant industry and demise of the high street, All Our Bars CEO Paul Wigham has said.
-
NewsGreene King Pub Partners signed up to BII
Greene King Pub Partners is paying for 800 tied tenants to become members of the British Institute of Innkeeping (BII).
-
NewsCosta opens next tranche of stores
Costa Coffee is opening an additional 31 drive-through and 15 takeaway sites today, after receiving “great feedback” from our store team members and customers.
-
NewsTwo years before profits return to pre-virus levels - MCA poll
Over half of restaurants and food to go operators think it will take over a year to return to pre-coronavirus levels of profitability, according to the latest Hospitality Leaders Poll by William Reed’s specialist insight division MCA Insight/HIM. Some 55% of respondents, all of whom are either founders or board level executives, predicted it would take between 13 and 24 months to get back to the profits they were making before the crisis, with one operator suggesting that could only happen if they were “able to open to capacity”.
-
NewsTed Schama: A war cry for reinforcements
Hooray, hospitality will be reopening in July. The nation can rejoice.
-
OpinionDominic Walsh: Rent, Landlords, and Wild Times at Dominos
For years, Domino’s Pizza was a cash machine for all involved. Management notched up some serious bonuses and incentives by delivering the goods year after year, while long-standing shareholders such as Nigel Wray and Colin Halpern, who is also the group’s vice chairman, coined it as the share price rose inexorably. Also happy were the franchisees, many of whom went from pizza maker to millionaire entrepreneur in as long as long as it took to establish their new shop – not a lengthy process in those days.
-
InterviewsMorgan Davies: ‘The rules of the game haven’t just changed, the game has changed’
The hospitality industry needs to reinvent itself in order to survive in a post-coronavirus world, Morgan Davies, Barburrito founder and CEO has told MCA.
-
Analysis & Insight
J.P. Morgan on the UK pub sector
Although PM Boris Johnson’s speech on Sunday appeared to create more confusion around broader re-opening plans, hopes have been raised about select openings at some point in July for the broader “hospitality” industry. While we are unsurprisingly left with more questions than answers, we thought a quick piece was merited to highlight our views, recent investor feedback, what we’re watching for re-openings, and some incremental news in the last two weeks.
-
NewsLuke Johnson: Lockdown will kill more than virus
Gail’s Bakery backer Luke Johnson believed the lockdown will cause more deaths than the coronavirus itself.