All MCA Insight articles in May 2023 – Page 2
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NewsFinnCap: Activist pressure on TRG likely to continue
Activist pressure will likely remain despite all resolutions passed with the requisite majorities at the AGM, albeit finnCap sees “considerable upside” for the group
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Analysis & InsightEating out market forecast to grow 4.6% in 2023
The total UK eating out market is forecast reach a value of £95.2bn this year, Lumina Intelligence’s new UK Eating Out Market Report has revealed.
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NewsFood inflation falls for first time in two years
Milk, butter and fruit have seen a reduction in inflation – which fell to 15.4% in May, from 15.7% in April, according to the latest figures British Retail Consortium and Nielsen
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NewsLow levels of optimism by hospitality leaders
Less than a third (29%) of hospitality leaders are optimistic about the future of their business over the next 12 months, due to high energy and food costs, a new survey has found.
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NewsNeat Burger valued at $100m
The London-based vegan fast-food chain, backed by Lewis Hamilton, has boosted its valuation in a new funding round aimed at fuelling US expansion
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InterviewsBudweiser’s UK president: ‘I feel very lucky that people love beer’
Brian Perkins is steering the megabrewer through a major inflection point, taking the brand ‘beyond beer’ as it steers its way through headwinds
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NewsWhitbread exploring sale of restaurant brands
The FTSE100 business is understood to be exploring the potential sale of its Beefeater chain and its other restaurant brands in order to focus its efforts on its hotel chain Premier Inn.
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NewsScottish recycling scheme ignites fresh constitutional spat with Westminster
The drinks industry says Edinburgh’s deposit return programme is impractical, The Financial Times reports
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NewsUK mid-market dining chains fight for survival
The Financial Times explores how squeezed consumers and inflation are punishing groups that expanded beyond city centres
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NewsHalf-term rail strikes to cost hospitality industry £132m
The May strikes will bring the impact of the year-long dispute to £3.25 billion, according to UKHospitality, The Times reports
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NewsThis is the reality of running a small restaurant in Britain right now
Sales may be back to pre-Covid levels, but inflation is eating into profits, restaurant owner Mandy Yin writes for The Guardian
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NewsAsda finalising £10bn merger with EG Group
The billionaire Issa Brothers are planning to combine EG Group with Asda this week, according to Sky News and the Evening Standard
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NewsThe Sidemen to open first high street restaurant
The YouTube collective plans to expand their fried chicken brand, Sides, to a further 10 locations this year, the Evening Standard reports
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Analysis & InsightLumina Intelligence: Changeable spending patterns in mixed May performance
The lack of sustained penetration improvements indicates a continuing uphill battle for operators to encourage volume growth, Lumina Intelligence’s Katie Prowse reports
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InterviewsInception Group: ‘The roaring 20s will come again’
Co-founder Charlie Gilkes speaks to MCA about the London bar group’s ideas for new concepts, opportunities to grow existing brands, and its mission to create memorable experiences
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InterviewsYoung’s: ‘We are optimistic for the year ahead’
Young’s saw like-for-like sales up 10% last week, with all regions except the West Country up on pre-pandemic levels and central London now its best performing region, CEO Simon Dodd tells MCA
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NewsHGEM acquired by Volaris Group
The guest experience platform will come under the umbrella of catering management company CaterTrax, owned by Toronto-based software group Volaris
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NewsOodles Chinese to scale to 45 sites
The Indo-Chinese QSR concept has opened its 36th site in Walsall, with plans for a further nine locations underway
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NewsPret’s Guy Meakin takes on shops and franchise director role
Clare Clough has returned as MD, with Meakin overseeing shops, franchise, and property
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NewsGreggs partners with Sainsbury’s on concession
The two retailers will share space on the forecourt at Sainsbury’s petrol station in Biggleswade, with further openings planned across the UK this year