All news articles – Page 342
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News
Sixty percent of pubs would stay closed in outdoor-only scenario
Sixty percent of pubs – approximately 29,000 – would remain closed if the government were to permit outdoor-only service from April.
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UKH: Extend VAT cut to boost hospitality and tourism
UKHospitality has urged the Government to extended and expand the VAT cut for hospitality businesses in order to stimulate demand and help support the tourism and hospitality sectors.
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Pub leaders pull out of government talks over ‘growing sense of betrayal’
Pub sector leaders have pulled out of talks with business minister Paul Scully due to a “growing sense of betrayal” caused by Government’s “obvious lack of interest and respect” for the industry.
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IFS: Phase out furlough gradually
The furlough scheme should be phased out gradually rather than allowed to expire suddenly, the Institute for Fiscal Studies (IFS) has warned the chancellor.
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Jeremy King: Al fresco dining plan ‘a nonsense’
Jeremy King has described mooted plans to allow hospitality to reopen for outdoor dining only in the first week of April as “a nonsense”.
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Admiral warns of mass closures if outdoor-only pub policy goes ahead
Chris Jowsey, chief executive of Admiral Taverns has warned that up to 25% of its pubs could close if the government brings in an outdoor-only policy when restrictions are relaxed for pubs.
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Lifeline for nightclubs under rapid test scheme
The nightclub industry could be allowed to reopen under a rapid testing plan under consideration by the government.
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Des Gunewardena: Why can’t we open at Easter?
D&D London CEO Des Gunewardena has said the hospitality industry is not getting anything intelligible back from government, describing the dialogue as “very, very frustrating”.
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Deliveroo to launch IPO next month
Deliveroo is set to formally announce its intention to float next month, with 8 March as a proposed launch date, Sky News reports. According to Sky, the delivery giant’s initial public offering (IPO), for which it has hired investment banks Bank of America Merrill Lynch, Citi, Jefferies and Numis to work under Goldman Sachs and JP Morgan, could see it gain a market value of up to £7.5bn.
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Tim Martin: Give pubs level playing field
JD Wetherspoon chairman Tim Martin has called on the government to open pubs at the same time as non-essential shops reopen, stating that the industry is “on its knees”.
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TipJar tackles tronc
TipJar, the digital tipping platform from BrewDog retail director James Brown and Rosa’s Thai co-founder Alex Moore, has received a clearance from HMRC that could see operators move away from the use of tronc systems.
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Raab: Government won’t commit to April reopening
Foreign secretary Dominic Raab has rejected demands from MPs for a restriction-free April reopening date.
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Deliveroo proposes post-pandemic support package
Deliveroo has urged Government to consider reintroducing the Eat Out to Help Out scheme and recruitment incentives to support restaurants to bounce-back after lockdown.
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Sector leaders call on Chancellor for decisive support
Over 160 business leaders from across the hospitality industry have called on the Chancellor for decisive support ahead of the Budget.
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M&B to raise £350m from shareholders
Mitchells & Butlers has made strides to ease its significant lockdown cash burn through an equity raise and unsecured revolving credit facility.
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Brighton Pier Group secures £1.4m in insurance pay-outs
The Brighton Pier Group has received £1.4m in business interruption pay-outs from insurers.
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Paul UK to double estate over next five years
French artisan bakery group Paul hopes to double the size of its UK estate in the next few years through a combination of franchising and in-house expansion.
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Coqfighter lines up three more dark kitchens
Coqfighter is launching two new dark kitchens later this month, in Notting Hill and Chiswick, ahead of a regional launch in Birmingham in April.
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Wrapchic to trial dark kitchens in addition to pipeline of new openings
Indian fast-food chain Wrapchic is to shift its short-term focus onto dark kitchens and low capex projects following the closure of the majority of its estate during lockdown; however it does have a pipeline of bricks and mortar sites which it will see through.
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Voting for Retailer’s Retailer Awards closes tomorrow
It’s your last chance cast your vote in MCA’s Retailer’s Retailer of the Year Awards, with voting closing at 5pm tomorrow (12 February).