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All MCA Insight articles in November 2019 – Page 2
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NewsYoung adults lack trust in mobile payment apps
Less than a quarter of 18-24-year-olds use their smartphones to pay bills when eating out, with confidence and customisation issues flagged up as barrier to use, according to the latest GO Technology report from Zonal and CGA.
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NewsDarwin & Wallace opts for reinvestment over expansion
Darwin & Wallace is putting expansion plans on hold to focus on improving its existing estate amid political and market uncertainty, managing director Mel Mariott has told MCA.
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NewsMarston’s reports £20m loss amid debt reduction focus
Marston’s has swung to a £20m statutory loss of the full year to 28 September 2019, down from a £54.3m profit in 2018.
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Analysis & InsightSpend up at dinner despite visit challenge for pubs
Average spend at pubs during the dinner occasion has seen a strong increase, despite the challenge for operators to grow share of visits at this day-part, according to MCA’s latest Pub Brand Monitor.
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NewsNando’s drives profits after central costs restructure
Nando’s UK business has reported revenues up 7.9% to £779.4m for the full year to 24 February 2019.
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NewsRevolucion de Cuba collaborates with Bacardi
Revolucion de Cuba Bars has teamed up with Bacardi to launch a limited edition rum.
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NewsWingstop secures Bluewater site; partners with XBox
Wingstop UK has secured its third UK site, and will open at Bluewater in Kent, in collaboration with Microsoft XBox, in early 2020.
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NewsShaftesbury F&B tenants reporting turnover growth, on average
Shaftesbury has said its food, beverage and retail tenants are, on average, reporting growth in turnover, however, in common with business generally, cost pressures and staff shortages continued to present operational challenges.
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NewsTurtle Bay appoints new CFO and head of people
Caribbean restaurant and bar group, Turtle Bay, makes two senior appointments to its executive team.
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NewsPapa John’s appoints business development director
Papa John’s has appointed Justin Gilbert as its new director of business development in the UK.
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NewsAnalysts’ verdict: JP Morgan and Goodbody on Wagamama
Wagamama’s second quarter trading update may have revealed its lowest like-for-like growth rate since Q4 2016, but according to analysts at JP Morgan this is missing the point.
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NewsCorbin & King reports lfl growth of 2.5%
Corbin & King has reported a 2.5% increase in like-for-like sales for the period to 31 December 2018, with EBITDA up from £1.3m to £7.5m.
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NewsMamago opens its doors on London’s Fenchurch Street
Mamago, Wagamama’s ‘little sister,’ is to open to the public today at 120 Fenchurch Street with a new menu adapted for the to-go site. Consumers should expect healthy, fresh food prepared in around four minutes or less, the website promises.
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OpinionThe transformational potential of rebranding and remodelling
Embarking on a rebranding or remodelling programme may seem like a sure-fire way to reinvigorate your business, but there are many aspects to consider if you want to get it right, explains brand strategy consultant Ian Dunstall.
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OpinionAnalysts verdict: Berenberg on Domino’s
Despite improvement in its share price since its Q3 update last month, major challenges still remain for Domino’s Pizza, according to analysts Berenberg.
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NewsHickory’s prepared to ‘look outside the box’ in site search
Hickory’s Smokehouse is prepared to stretch its traditional site and location preferences in order to achieve the growth rate it is aiming for, managing director John Welsh has told MCA.
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NewsJust Eat urges shareholders to reject Prosus offer
Just Eat has told its shareholders a hostile takeover bid from Prosus of 710p per share “significantly undervalues” the company.
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NewsBababoom passes £400k crowdfund target
Bababoom, the contemporary kebab restaurant, has passed its crowdfunding target of £400,000, and will keep the raise open.
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NewsThe Alchemist: ‘People thought we were just a chavvy northern cocktail bar’
This week sees The Alchemist open its biggest and most ambitious site yet, in Canary Wharf.
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NewsWagamama continues positive streak with 6.3% lfls growth
Wagamama has reported UK like for like sales growth of 6.3% for the 22-week period to September 29 2019.