All news articles – Page 347
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NewsSussex-based Italian concept Rustico launches eighth site
Italian restaurant concept Rustico has launched its eighth site in Hailsham.
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NewsHospitality worst hit as UK unemployment rate rises
Hospitality workers have been worse hit as the UK’s unemployment rate rose to 5% in the three months to November 2020, new figures from the Office for National Statistics have revealed.
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NewsHotel quarantine plans to be announced today
A limited system of hotel quarantine will be announced later today, with travellers from Portugal, South Africa and Brazil likely to be first affected.
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NewsCity Pub Group ‘well positioned to emerge strongly’
The City Pub Group has secured a further £5m in liquidity through the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS) as it sees sales plummet 57% year-on-year.
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NewsA.G. Barr revenues hit by hospitality lockdown
Soft drinks supplier A G Barr is expected to see revenues of £227m for the financial year 20/21, though sales have been disrupted by the closure of hospitality.
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NewsMercato Metropolitano announces £35m expansion plan
Community food market business Mercato Metropolitano has announced plans for a £35m expansion across London, Europe and the US.
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NewsDishoom secures £8m in loans
Dishoom secured a £5m loan from the Coronavirus Large Business Interruption (CLBIL) scheme, as well as a £3m loan from shareholders, to help is get through lockdown, documents filed at Companies House reveal.
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NewsSarah Willingham on the ‘once in a lifetime opportunity’ for the bar sector
Nightcap CEO Sarah Willingham has said she hopes her newly listed late-night group will come the go-to fund for distressed but sound businesses needing to restructure.
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NewsPub veterans seek backing for revival
The former bosses of Revolution Bar Group and Liberation Group, Mark McQuater and Mark Crowther, are both seeking backing for pub deals, The Times reports.
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NewsShareholders inject £13m into Yo!
The parent company of Yo! secured £13m in shareholder funding in September 2020 to repay bank debt.
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NewsLocal lockdown powers extended
The Government has quietly extended lockdown laws to give councils the power to close pubs, restaurants, shops and public spaces until July 17 this year, The Telegraph reports.
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NewsHalfway house restrictions after Easter mooted
Britain faces a three-month lockdown “halfway house” after Easter, with a full reopening delayed until all over-50s have had their second dose of the vaccine, The Telegraph reports.
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NewsDining Street goes into administration
Casual dining operator Dining Street Limited has appointed administrators, with all 147 staff made redundant.
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NewsPapa John’s launches flexible franchising formats
Papa John’s is to introduce new flexible franchising formats for 2021 as it looks to expand its reach into new types of location.
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NewsResearchers suggest pubs and restaurants should be shut till May
Pubs and restaurants should not reopen until May, researchers from Imperial College London and the universities of Edinburgh and Warwick have recommended.
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NewsAzzurri Group's Steve Holmes joins the Restaurant Conference
Azzurri Group CEO Steve Holmes will give his first exclusive interview with since the Italian casual dining group was forced into a pre-pack sale next week at MCA’s Restaurant Conference.
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TRG appoints new non-exec director
The Restaurant Group (TRG) has appointed Alex Gersh as a non-executive director. He will join the board on 23 February 2021 and will become a member of both the audit and nominations committees.
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NewsUKHospitality bangs the drum for additional support
UKHospitality has warned that businesses will not be able to survive and contribute the rebuilding of the economy unless further support is given.
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NewsAnalysts’ verdict – JDW share placing
JD Wetherspoon’s £93.7m share placement should provide a buffer against the impact of low sales upon reopening, as well as enable it to invest in new sites, as and when opportunities arise. We round-up the thoughts of analysts from Liberum, Peel Hunt and Hargreaves Lansdown on the pub operator’s latest move.
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NewsRudy’s lines up seventh site
Mission Mars-backed pizza concept Rudy’s has secured a site in Cheshire for its seventh restaurant.