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NewsDeliveroo gets thumbs down from more fund managers
Legal & General Investment Management and M&G have joined the list of fund managers who have said they will not be buying shares in Deliveroo when it goes public next week.
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Seedrs and Crowdcube merger scrapped
Seedrs and Crowdcube have ditched a merger that would have created a crowdfunding powerhouse.
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Bone Daddies to expand Wing Daddies concept
Bone Daddies is to roll out its new chicken wing-focused virtual brand to 12 sites across London following a successful trial in Kentish Town.
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Blood tests could form part of Covid certification scheme
Hospitality venues could allow millions of people who have recovered from Covid-19 and developed immunity into pubs and nightclubs under the government’s plans for a coronavirus certification scheme.
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Oakman Group acquires The Woburn Hotel
The Oakman Group has acquired 48-bedroom The Woburn Hotel, after signing a 25-year lease with The Bedford Estates, as it looks to take advantage of the boom in staycations.
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Local focus key trend in coffee market recovery
Neighbourhood cafes and drive-thru coffee shops are just some of the trends expected to see growth in the coming years, as the market rebalances, according to Jeffrey Young, founder and managing director of Allegra Strategies.
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Clive Watson: ‘More pub operators will be looking to market towns’
It is likely that increasing numbers of pub companies will look to vibrant market towns for new sites as fewer people are expected to return to the office full time post-pandemic, Clive Watson, chief executive, City Pub Group has said.
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Vaccine passport idea dismissed by pub operators
The Prime Minister’s suggestion that vaccine passport could be used by pubs in order that social distancing rules could be scrapped early has been met with derision from leading pub operators.
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MARCH 2021
MCA’s March digital edition features industry reaction to the Chancellor’s Budget, and the specific measures to support the recovery of the sector. The feeding frenzy for British pub real estate is explored in a special feature, with comment from the some of the top deal brokers in the sector. We bring you winners’ comment and reaction from our very own Retailers’ Retailer Awards, featuring Dishoom, BrewDog, Island Poke and Pret. More highlights of Hostech are included, with a feature on the technology powering drive-thurs, and an interview with Nando’s about how it the brand has been transformed by technology. Regular opinion pieces come from MCA’s contributing editor Peter Martin and Dominic Walsh of The Times; we have insight from Lumina Intelligence’s latest Restaurant Report, which tips medium-sized brands as the winners of the future; as well as the all the talking points from our weekly event The Conversation, news, people moves and openings.
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Ten Entertainment chairman to step down
Ten Entertainment chairman Nick Basing is to step down in September after six years in the role.
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Aviva shuns Deliveroo over riders’ rights
One of the UK’s largest fund managers will not buy shares in Deliveroo when it goes public because of concerns over the rights of its delivery riders.
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Stonegate announces fresh support for Ei Pub Partners
Stonegate Pub Company has announced new financial support for Ei Publican Partners with rent and trade credits. It will give publicans “significantly” reduced rents and trade credits, together with government grants that include the latest restart grants of £8,000-£18,000. Stonegate, the UK’s largest pub company, will give rent ...
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Cineworld secures ‘significant liquidity buffer’ after major losses
Cineworld has raised $213m (£155m) convertible bond to cope with the continued disruption of Covid-19.
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Pho has ‘competitive advantage’ in post-pandemic landscape
Pho, the Vietnamese restaurant group, is confident it can return to its expansion strategy once restrictions are lifted and the business has stabilised.
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PizzaExpress and Deliveroo go exclusive
PizzaExpress and Deliveroo have announced a new two-year exclusive delivery deal across the UK and Ireland that will cover 290 restaurants.
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Warning over ‘poor commercial behaviour’ towards pubs
The British Beer & Pub Association (BBPA) has urged the energy sector to deal fairly with pubs after it accused some utility companies of “poor commercial behaviour” and refusing to supply many pubs.
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PM vaccine passport plans ‘unworkable’
Proposals to give pubs the power to deny customers access based on vaccine passports have been described as a “unworkable” by UKHospitality.
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Call for rates relief extension
UKHospitality has calling on the Treasury to double the period for uncapped 100% rates relief in pubs and restaurants.
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Leon exits the US but doesn’t rule out second chance
Leon has made the decision to exit the US market after just two years, closing its four sites in Washington DC and Virginia, in order to focus on the UK and Continental Europe. However it hasn’t ruled out opening restaurants in the country again in the future.
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Fleet joins Hawksmoor
Former Flat Iron managing director Jo Fleet has joined Hawksmoor to head up its nationwide meal kit distribution and delivery operations.
