All MCA Insight articles in May 2020 – Page 5

  • text
    News

    Editor’s Opinion - An uncertain future

    2020-05-18T07:03:00Z

    The 4th of July is the perfect day for a grand reopening. The date is embedded in the mind as one that represents spirit, freedom and celebration. Of course it has different connotations for the UK compared to the US, which spends the day celebrating banishing the British back in 1776, but that’s ancient history and we are all friends now. Who doesn’t love Donald Trump?

  • closed shop sign
    News

    Debt enforcement moratorium still needed - MCA poll

    2020-05-18T07:03:00Z

    More than half of operators, (54%) said that their landlord had refused to offer any concessions, with an additional 34% saying that negotiations were ongoing, according to the latest weekly Hospitality Leaders Poll by MCA Insight/HIM. The results highlight further the need for a debt enforcement moratorium, one of the key pillars of Hospitality Union’s original six-point action plan, to give both commercial tenants and landlords breathing space against litigation.

  • Hicks PO Outside -1
    Interviews

    Hickory’s: ‘We’re fortunate we’re not on the high street’

    2020-05-15T12:16:00Z

    Hickory’s Smokehouse will be in a “fortunate position” when operators are allowed to reopen sites for dine-in, managing director John Welsh has told MCA.

  • Luke Johnson 1
    News

    Luke Johnson: Lockdown will kill more than virus

    2020-05-15T10:59:00Z

    Gail’s Bakery backer Luke Johnson believed the lockdown will cause more deaths than the coronavirus itself.

  • Analysis & Insight

    J.P. Morgan on the UK pub sector

    2020-05-15T07:33:00Z

    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. 

  • Bar Burrito - 1180879
    Interviews

    Morgan Davies: ‘The rules of the game haven’t just changed, the game has changed’

    2020-05-15T07:30:00Z

    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.

  • Domino’s
    Opinion

    Dominic Walsh: Rent, Landlords, and Wild Times at Dominos

    2020-05-15T07:29:00Z

    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.

  • Ted Schama 1
    News

    Ted Schama: A war cry for reinforcements

    2020-05-15T07:29:00Z

    Hooray, hospitality will be reopening in July. The nation can rejoice. 

  • Restaurant
    News

    Two years before profits return to pre-virus levels - MCA poll

    2020-05-15T07:28:00Z

    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”.

  • Costa coffee machine ASA
    News

    Costa opens next tranche of stores

    2020-05-15T07:26:00Z

    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.

  • greene king
    News

    Greene King Pub Partners signed up to BII

    2020-05-15T07:20:00Z

    Greene King Pub Partners is paying for 800 tied tenants to become members of the British Institute of Innkeeping (BII).

  • Deliveroo
    News

    Amazon/Deliveroo platform will ‘substantially decimate margins’

    2020-05-15T07:13:00Z

    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.

  • Ei Publican partners
    News

    Stonegate announces support for Ei Pub Partners

    2020-05-14T15:33:00Z

    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.

  • restaurant meal wine
    Opinion

    Peter Martin: Why being first isn’t always best

    2020-05-14T08:29:00Z

    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.

  • greene king
    News

    Greene King to launch takeaway service

    2020-05-14T07:37:00Z

    Greene King is set to launch a ‘pub grub’ delivery and takeaway service from a number of its London sites next week.

  • Lawson Mountstevens
    Interviews

    Star: ‘Great opportunity’ for pubs in the future

    2020-05-14T07:37:00Z

    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.

  • GettyImages-1177812032
    News

    Government to support suppliers through trade credit insurance guarantee

    2020-05-14T07:37:00Z

    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.

  • GettyImages-1212746022
    News

    UKH: Two-metre distancing rule for ‘sustained colleague contact’

    2020-05-14T07:37:00Z

    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.

  • Brighton Pier
    News

    Brighton Pier Group sets out cash conservation measures

    2020-05-14T07:37:00Z

    The Brighton Pier Group has announced the implementation of a number of measures to conserve and raise cash through the coronavirus closure period.

  • GettyImages-1150263013
    News

    Trade bodies call on insurers to meet obligations for pub sector

    2020-05-14T07:37:00Z

    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.