All news articles – Page 379
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NewsFullers trading at 80% compared to last year
Fullers has released a trading statement for the 23 weeks to 5 September 2020 ahead of its AGM later this morning (10 September). After lockdown closed its estate, Fuller’s began reopening sites on 4 July and now has over 90% of its pubs and hotels open. Like for like sales are currently 80% and the business said sales in August were boosted by the EOHO scheme. It said Cotswold Inns & Hotels, which Fuller’s acquired in October 2019, also benefitted from the staycation trend.
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NewsVarious Eateries prepares £25m float
Various Eateries, which operates brands including Coppa Club and Tavolino, is seeking admission to AIM at the end of the month in order to raise £25m to fund expansion and provide working capital. It currently has ten sites, with five in London. “I believe that Covid-19 is the biggest event to hit the UK economy outside of war-time,” said Various Eateries founder Hugh Osmond. “Whilst I deplore the terrible effect it has had on our industry, we are confident that there will be major opportunities for a well funded group with strong management to build a fantastic business in the aftermath of Covid.
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NewsPremises not ‘covid-secure’ to face fines or closure under new government measures
Hospitality venues that fail to ensure their sites remain ‘covid-secure’ under the government’s new ‘rule of six’ measures will be subject to fines from Monday, the Prime Minister has announced.
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NewsTrack and trace to become mandatory in England
The Government is set to tighten track and trace rules making it compulsory for pubs and restaurants in England to take customers’ details.
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NewsLabour calls for sector-specific furlough extension
Labour has called for a sector-specific extension of the Coronavirus Jobs Retention Scheme, warning that a blanket withdrawal will force many late-night hospitality businesses to close.
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NewsIncipio Group praise landlords for ‘flexibility and support’
Incipio Group, the London-based large-scale restaurant and bar operator, has praised its landlords for their support in helping the business navigate the coronavirus crisis.
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NewsPizza Hut Restaurants to close 29 sites
Pizza Hut Restaurants, the UK dine-in franchise business of the global Yum! brand, is proposing to close 29 sites as part of a Company Voluntary Agreement (CVA).
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NewsThe Avocado Show signs London franchise deal
Instagram-friendly restaurant concept The Avocado Show has signed for 19 new franchise locations across the UK and Europe, including London, Madrid and Paris.
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NewsLeon announces ‘unlimited’ coffee offer
Leon has followed Pret’s lead with an ‘unlimited’ coffee offer of £15 for 30 days, which aims to get office workers back into the city.
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NewsEOHO boosts Treasury coffers by £250m
The Eat Out to Help Out Scheme benefitted the Government to the tune of £250m, data revealed by leading hospitality trade bodies show.
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NewsHarts Group converts £1.5m Barrafina loans to shares
Harts Group, the operator of Barrafina and El Pastor, has converted £1.5m in loans in Barrafina Ltd into shares in Harts Group Ltd, which has “improved the balance sheet and cashflows of the group”.
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NewsNew law a 'reinforcement and reminder’ of existing rules for pubs and restaurants
New coronavirus restrictions, reducing social gatherings to no more than six, make current guidelines legally binding for business, UK Hospitality’s Kate Nicholls has said.
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NewsUK Hospitality CEO Kate Nicholls: Continued enforced nightclub closure ‘illogical’
The government’s continued enforced closure of the late-night sector is both illogical and without scientific reasoning, UK Hospitality CEO Kate Nicholls has said.
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NewsPHE announces new calorie and salt reduction guidelines
Foodservice and takeaway businesses will be encouraged to follow voluntary calorie reduction guidelines to “support the national effort against covid-19 and obesity,” Public Health England has announced.
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NewsAmazon fined by CMA for causing “serious and flagrant issues” in Deliveroo investigation
Amazon has been fined £55,000 by the Competition and Markets Authority over its failure to hand over documents in time for its Deliveroo deal investigation deadline.
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NewsWetherspoon sees almost 6m track and trace check ins in August
JD Wetherspoon has received 5,742,125 track and trace check ins across its UK and Ireland estate in just one month.
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NewsTen Entertainment promotes Blackwell to interim CEO
Bowling operator Ten Entertainment Group has promoted Graham Blackwell to interim CEO with immediate effect.
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NewsPizza Express CVA approved
Pizza Express has announced its proposed company voluntary arrangement (CVA) has been approved by creditors, with 73 sites set to close.
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NewsThwaites starts redundancy programme
Daniel Thwaites has initiated a programme of redundancies due to the uncertain operating climate heading into winter.
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NewsTRG director leaves amid leisure restructure
The Restaurant Group divisional MD Nick Shelmerdine has left the group following the downsizing of its leisure divisions.