All news articles – Page 442
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NewsMitchells & Butlers: 'The fundamental strengths of our business remain'
Mitchells & Butlers has said that despite the significant financial impact of the coronavirus crisis, it is focused on emerging in a position of strength, “with the intention of continuing to build the business and outperform the industry.”
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NewsMcDonald’s to open further 800 takeaway sites, extends menu
McDonald’s will reopen a further 800 sites for takeaway next week as it looks to reintroduce several menu items.
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NewsOne in five suppliers to close without further support
One in five hospitality suppliers expect to close without further government support, a new survey by the UK Hospitality Supplier Alliance has found.
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NewsShepherd Neame secures £25m credit facility
Shepherd Neame has strengthened its financial position in securing a borrowing facility through the Coronavirus Large Business Interruption Loan Scheme.
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NewsBritish Land agrees £3m in rent waivers
British Land has agreed £3m worth of rental waivers for the June quarter, on top of £2m for the March quarter, primarily for smaller, independent F&B operators.
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NewsUKH, CGA And Yumpingo unite to boost consumer confidence
A new initiative backed by UK Hospitality, CGA and Yumpingo is looking to help rebuild consumer confidence in eating and drinking out, and give operators feedback on how they feel about their experiences of hospitality post-coronavirus. Dubbed ‘We Hear You’, the free digital platform is based on Yumpingo’s existing review platform but will ask customers for feedback on the various safety measures implemented in line with government guidelines.
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NewsWagamama to reopen with sliding screen partitions
Wagamama has announced it will reopen four sites in the coming days to trial its new sliding screen safety feature.
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NewsRevolution to reopen with test and trace booking platform
Revolution Bars will reopen six sites on 6 July with a new booking platform to support the Government’s test and trace initiative.
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NewsDishoom announces reopening plans
Dishoom has announced it will reopen four of its restaurants next week, with the rest to follow throughout July.
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NewsPizza Hut CEO Jens Hofma: Hospitality is a transcendental need
Spending time with friends and family in a hospitality setting is a transcendental need and that won’t change because of the coronavirus crisis, MCA’s The Conversation has heard.
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NewsUK Hospitality CEO Kate Nicholls: “Local lockdown” a misuse of terminology
The government’s proposed next stage of reactive, local lockdowns will not force full business closures, UK Hospitality CEO Kate Nicholls has said.
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NewsCapdesia backs Marugame Udon Europe JV
Global noodle brand, Marugame Udon, will launch in London next year as part of a newly formed a joint venture between Shoryu Ramen backer Toridoll Holdings Corporation and Wasabi backer Capdesia Group.
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NewsWelcome Break boosts liquidity
Welcome Break has boosted its liquidity after repurposing £25m of a dedicated capital expenditure facility in into a revolving credit facility. Lenders to Welcome Break have also relaxed or remove covenant conditions for tests up to and including June 2021. Parent company Applegreen said it thanked the lenders for their “ongoing support for Welcome Break and the confidence they have demonstrated” in its business model.
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NewsSSP set to make 5,000 redundant
SSP has revealed plans to make 5,000 people redundant thanks to the “unprecedented impact” the coronavirus has had on the travel sector. In a trading update it said it had taken “rapid and decisive management action” in an attempt to “protect our colleagues and customers and to preserve cash and liquidity for the duration of the many government restrictions” worldwide. However, CEO Simon Smith, said despite some “early signs of recovery in some parts of the world” in the UK the “pace of the recovery continues to be slow.
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NewsLeon makes sector-first environmental commitments
Leon has become the first eating out business to sign up to all 14 commitments put forward by the Council for Sustainable Business’ (CSB) to protect and improve the environment.
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NewsOnly those in ‘prolonged contact’ with infected at risk of self-isolate order
Customers, visitors and staff who are identified as having been in the same premises at the same time as someone with coronavirus will only be told to self-isolate in the case of prolonged and close contact, MCA’s The Conversation has heard.
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News1m staff due back to work in July
Almost one million hospitality staff are expected to be back in work before the end of July, according to a new survey by UKHospitality.
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NewsTRG successful in CVA bid
The Restaurant Group has confirmed that its proposed CVA for its leisure estate has been approved. It said over 82% of all creditors voted in favour of the proposal (75% approval required) and over 65% of the unconnected creditors voted in favour of the proposal (50% approval required).
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NewsHawksmoor to reopen all sites by September
Hawksmoor has revealed its phased reopening strategy as it plans to have all eight restaurants open by the beginning of September.
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NewsCoppa Club to launch new events programme on reopening
Coppa Club is set to open three of its restaurants on 4 July alongside a new events programme.