All news articles – Page 404
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NewsGreene King expands takeaway outside London
Greene King is expanding its new delivery and takeaway service to its pubs across the country.
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NewsTRG to close up to 120 sites
The Restaurant Group is to permanently close between 100 and 120 of its leisure brands sites.
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NewsSSP raises £11m in share placing
SSP Group has raised gross proceeds of approximately £11m through a share placing.
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NewsYoung’s: ‘Our pubs will reopen in August, but sales won’t normalise until FY22’
Young’s expects to have the majority of its 276 pubs reopened by 3 August, but has said that sales will not return to normal levels until FY22 “when this unprecedented period is at an end.”
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NewsLoungers: ‘We will trade profitably post-lockdown’
Loungers has said that it plans to reopen the majority of its sites in July, being well positioned to trade profitably in a post-lockdown environment.
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NewsBoparan paid £3.4m for Carluccio’s
Trading at Carluccio’s had recovered before coronavirus struck, but the dramatic sales decline that accompanied lockdown left it unable to continue, an administrators report shows.
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NewsQuick decisions, please.
Like the Spice Girls, the industry needs two to become one. The two metre vs one metre debate is just one of the many challenges jostling away in the sector, but it has emerged as a central issue for the financial viability of many operators. As they have explicitly spelled out, a reduction from two to one could literally be the difference between reopening or staying shut. It’s not the only factor slowly extinguishing this vibrant sector, but the debate flared up again yesterday
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NewsUK Hospitality CEO Kate Nicholls: Flexible furlough needs ‘clear and clever management’
Operators looking to utilise flexible furlough will need to adopt clear and clever management in juggling workers and shift patterns, UK Hospitality CEO Kate Nicholls has said.
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NewsFrankie & Benny’s to close a “large number” of sites
The BBC has reported that a “large number” of Frankie & Benny’s restaurants are to close. It said an email to staff sent by the Restaurant Group says many sites are “no longer viable to trade and will remain closed permanently. The Covid-19 crisis has significantly impacted our ability to trade profitably, so we’ve taken the tough decision to close these restaurants now,” the email said.
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NewsHospitality urged to take on insurance firms
The Financial Conduct Authority is set to file a High Court action to clarify the interpretation of business interruption policy wording. It released an update yesterday which identified the representative sample of policy wordings to be examined in the test case, as well as the insurers who have agreed to ...
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NewsJust Eat launches legal and food safety advice service
Just Eat has partnered with legal services specialist Markel Law and food safety experts NSF to provide free online advice to its restaurant partners.
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NewsStonegate’s Nick Rockell dies
Stonegate Pub Company property director Nick Rockell has passed away.
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NewsElite Bistros launches meal kit service
Gary Usher’s Elite Bistros group is to launch a nationwide meal kit delivery service this week.
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NewsComptoir has ‘strong balance sheet’ to weather crisis
Comptoir Group is in a “reasonably healthy cash position” with minimal bank debt to service during lockdown.
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NewsInsurance companies admit liability over pandemic interruption
Insurance companies have backed down and admitted they may be liable to pay out under business interruption insurance policies, after the Financial Conduct Authority (FCA) challenged them to prove in court that their policies did not apply to the coronavirus pandemic.
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NewsJKS Restaurants CEO Jyotin Sethi: 1m vs 2m difference is ‘huge’
JKS Restaurants CEO Jyotin Sethi has added his voice to calls for the government to adopt one metre distancing, as per WHO guidance, opposed to the current two metre advice.
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NewsHollywood Bowl ‘remains well positioned for growth’
Hollywood Bowl Group has said it remains well positioned to carry out its growth strategy despite the ongoing impact of the coronavirus.
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NewsFuller’s approves £100m CCFF loan
Fuller’s has approved the issue of commercial paper under the Covid Corporate Financing Facility (CCFF) for an initial loan of £100m.
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NewsKFC reaches 700 reopened store mark
KFC has said that as of last week, it has reopened 700 of its 950 stores in the UK and Ireland.
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NewsRishi Sunak: Employers will contribute 10% to the JRS from September and 20% in October
Rishi Sunak will ask all businesses to contribute to the JRS from 1 August by covering NI and pension contributions, rising to 10% of wages in September and 20% of wages in October. The JRS will then be closed down at the end of October. He also announced some flexibility to the scheme so employees could start to return part-time from July. He made no specific provision for the hospitality industry, which largely remains closed before it is allowed to reopen on 4 July.