All MCA Insight articles in May 2022
View all stories from this issue.
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NewsRising costs trigger record number of profit warnings
Hospitality is among the sectors to have suffered the biggest setbacks
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NewsThe top UK jobs with the best pay rises to beat inflation
Most salaries are failing to keep pace with the soaring cost of living, but a few occupations stand out
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NewsGreene King boss calls for help through rates and alcohol duty
Nick Mackenzie, Greene King’s chief executive, said he appreciated the government’s Covid support but thought it ended too soon
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NewsBillionaire Asda owners in talks to sell £13bn forecourt empire
Zuber and Mohsin Issa in discussions with Canada’s Couche-Tard about EG Group merger
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NewsGreene King returns to being cash generative
Group revenue at the pub company and brewer rose by 41.6% to £1.34bn for the 52 weeks to 2 January 2022, however it recorded an overall loss before tax of £113m for the period.
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Analysis & InsightChicken could match beef on price
The cost of chicken feed has risen by 50%, with Nando’s responding by increasing its menu prices by up to 8% on some dishes
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Analysis & InsightOn-premise drinks sales back to growth
Average sales in the week ended 23 April 2022 were 1% up on the same week in 2019, according to the latest CGA Drinks Recovery Tracker
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NewsBrewDog to ‘completely change how bars operate’
The “radically new business model” will see bar hourly staff benefit from a 50/50 profit share, while salaried staff will receive £120,000 worth of shares over four years
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NewsCheeky Chicos joins Elephant Park
Opening on Ash Avenue, it will be the fusion brand’s fourth restaurant, with a 1,900 sq ft unit
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NewsWetherspoon faces ‘considerable pressure on costs’
The pub company reported like-for-like sales in Q3 were down 4%, though said sales were improving
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NewsGreggs urges Sunak to ‘cut the shop tax’
The Retail Jobs Alliance is calling for a cut in business rates for retail premises, which could be paid for by a new online sales tax
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Analysis & InsightSlow and steady: Greene King shows signs of recovery
The group reported strong trading in the second half of the year, but like-for-likes have been slower to bounce back post-pandemic
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NewsHawksmoor ends At Home business
The nationwide meal kit business, which was describes as a “source of pride” at the business, launched in the summer of 2020 during the first lockdown
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NewsIn pictures: MCA’s Hostech conference 2022
Itsu’s chief customer officer Neil Miller, Pret’s chief global digital officer Sarah Venning and KFC’s chief technology officer Jatin Chandwani presented at the conference
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Analysis & InsightCorbin & King: ‘Our data journey was not joined up’
The London-based restaurant group has been working to ensure that what guests experience from its digital communications matches the personalised experience on the floor
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Analysis & InsightFridays: ‘We use data to remove friction’
The removal of transactional aspects of employees’ jobs enables them to focus on enhancing the overall guest experience, CTO Erica Livermore told Hostech
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NewsStonegate unveils new premium division
The Chapter Collection will focus on premium food-led pubs initially in London, with the Clerk & Well the first to open under the division
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NewsIncipio Group secures investment for expansion
The group said it would take its “differentiated and scalable destination offerings” to other parts of London
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NewsPret reveals next stage of Pret Perks
With a major marketing campaign planned, the scheme will introduce more enhanced personalisation, targeted promotion to add and retain subscribers, and deeper alignment with Pret’s brand values, MCA’s Hostech heard.
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NewsJET board turmoil over ‘personal misconduct’ claims
Just Eat Takeaway’s COO is under investigation and its chair will step down following investor pressure