All news articles – Page 339
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NewsTalks held over rates relief and alcohol duty freeze
The treasury has held talks on support measures for the hospitality sector in the form an extension of the business rates holiday and a freeze on all alcohol duties, The Telegraph has reported.
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NewsElectra in talks over Fridays franchise
Electra Private Equity is in negotiations with the American owner of Fridays about a new franchise agreement, according to The Times.
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NewsAPPG for Hospitality and Tourism urges Chancellor to offer financial support
The All-Party Parliamentary Group for Hospitality and Tourism has called on Chancellor Rishi Sunak to provide decisive financial support to the sector in his upcoming Budget.
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NewsTRG commits to new £500m debt facilities
The Restaurant Group (TRG) has signed commitments in relation to £500m of new debt facilities, which comprise a £380m term loan facility and a £120m super senior revolving credit facility.
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NewsLicensed premises closing at rate of 30 per day
Almost 12,000 licensed premises have closed in Britain since December 2019, according to the latest CGA and AlixPartners Market Recovery Monitor.
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NewsFEBRUARY 2021
MCA’s February digital edition features industry reaction to the government’s proposed hospitality reopening timeline. We also bring you some of the highlights of Hostech – the month-long celebration of the latest digital innovations within the sector…
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NewsCosta rolls out Deliveroo partnership
Costa Coffee will be avilabale for delivery on Deliveroo across 500 stores nationwide from Monday (1 March).
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NewsHospitality had highest take-up of furlough scheme in January
The hospitality sector had the highest take-up of the furlough scheme, of all sectors, between the end of December and end of January, according to the latest government data.
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NewsFuller’s FD to step down
Fuller’s finance director Adam Councell has informed the board of his intention to step down from his role at the pub and hotel business.
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NewsYO! appoints new chairman
Global Japanese and Asian food group YO! has appointed John Walden as its new chairman, with Eric Nicoli to step down.
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NewsChancellor warned over business failures
In a letter to the Chancellor, more than 200 industry leaders and trade bodies have warned that more hospitality businesses will go under unless a substantial package of support is announced in the Budget next week.
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NewsSunak to replace emergency schemes with new business loan
Chancellor Rishi Sunak is expected to unveil plans for a new UK-state guaranteed loan programme in next week’s Budget, which would replace emergency coronavirus schemes, according to the Financial Times.
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NewsConservative MPs call for cut in beer duty
A group of 68 Conservative MPs have signed a letter calling for the Chancellor Rishi Sunak to cut beer duty in his upcoming Budget announcement on 3 March.
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NewsUrban Pubs & Bars sees significant lockdown losses
Urban Pubs & Bars lost out on £2.5m in sales in the first month of the March lockdown, and incurred a significant shortfall in profit due to its inability to mitigate costs immediately at the point of closure.
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NewsGreggs launches sustainability plan
Greggs has launched its first full sustainability plan, which will see it introduce healthier food items, cut food waste and source more sustainably by 2025.
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NewsAlcohol duty cut being considered by Chancellor
Pubs could see alcohol duty rates cut below that of supermarkets in plans being considered by the Chancellor. Ahead of next week’s Budget announcement (3 March), prime minister Boris Johnson revealed to the Commons that a review has been carried out into the differentiation between pubs and retailers, and Sunak was “looking very closely at the findings”.
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NewsMowgli builds 2021 pipeline
Mowgli has added to its pipeline of restaurants, with a new site in Cheltenham’s Brewery Quarter shopping centre.
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NewsSoho House eyes $3bn Wall Street float
Soho House, the Richard Caring-backed private members club concept, plans to list in New York with a valuation of up to $3bn.
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NewsShaftesbury looks to ‘revival of West End economy’
West End landlord Shaftesbury has collected less than half of owed rents for the quarter to December 2020, but has heralded the upcoming “revival of the West End’s economy” with the relaxation of restrictions in months ahead.
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NewsVarious Eateries ‘ideally positioned for expansion’
Various Eateries is set to pursue an aggressive post-lockdown expansion drive, with plans to “create a major leisure group” this year.