All MCA Insight articles in November 2021 – Page 6
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NewsDomino’s appoints interim CFO
The pizza group has appointed David Surdeau as interim chief financial officer with effect from 17 November 2021
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NewsTRG increases forecasts
The revision comes off the back of “market outperformance” in like-for-like sales in recent months at Wagamama, and its pubs and leisure businesses
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NewsInflation fears hit business confidence
Record-high inflation expectations have dealt a blow to business confidence, the latest Accenture/HIS Markit UK Business Outlook has revealed.
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NewsNightcap ‘really pleased’ with post lockdown performance
Nightcap has seen record trading in recent weeks, with the bar group looking to accelerate its pipeline despite deepening pre-tax losses.
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NewsUptick in companies paying ‘real’ living wage
More than half of the companies in the FTSE 100 have now committed to pay the rate – which has just increased to £11.05 per hour in London and £9.90 in the rest of the UK.
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NewsBars were standout sales performers in October
Bar groups saw sales up 13% on 2019 levels last month as the recovery of the late-night sector continued, according to the latest Coffer CGA Business Tracker.
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NewsWaiting staff accuse restaurants of cutting their tips to pay chefs
Restaurant owners in the UK are being accused by waiting staff of unfairly distributing tips to boost the salaries of chefs and managers as the industry battles severe shortages of skilled labour.
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NewsClaridge’s chef Daniel Humm to leave role over his demand for ‘fully plant-based menu’
The five-star London hotel says Daniel Humm’s desire to ditch meat from the menu of its restaurant Davies and Brook “is not the path we wish to follow at the moment”
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News‘You can’t run a team on empty’: how the restaurant staff meal is changing
Naturally, you would assume chefs eat well at work. These are food lovers surrounded by great produce doing long hours at weird times. Surely rustling up tasty staff meals is an established perk of the job? And in that assumption you would be wrong.
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InterviewsKFC expands reach after scaling delivery ‘dramatically’
MD Paula MacKenzie appeared at MCA’s Restaurant Conference where she spoke of how the “muscle memory” of the chicken distribution crisis of 2018 helped KFC deal with the lockdowns of 2020
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NewsSales lower due to staff shortages and higher costs
Sales across hospitality remain 10% below 2019 figures despite an increase in customer spending.
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Analysis & InsightRents and vacancy rates continue to fall in key London locations
The decline in central London prime zone A rents has seen a further fall, down 17.4% year-on-year, according to Savills.
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InterviewsYoung’s CEO: ‘We’re back’
CEO Patrick Dardis emphasised Young’s strong financial health and said the pub company plans to invest a record £30m capex next year.
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NewsPizza Pilgrims to open ‘green’ restaurant in Selfridges
It will be the pizza chain’s ‘first major step’ towards a more sustainable restaurant concept.
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NewsPedalling for pubs: fundraising for Cycle Jordan reaches £100,000
The Pedalling for Pubs cycle ride is aiming to raise £140,000 for two industry charities by cycling 350km across Jordan in 2022.
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NewsM&B expands Uber Eats partnership
Toby Carvery, Miller & Carter, Harvester and Browns will be available for home delivery on the app
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NewsDigitalisation of delivery creates 'lack of loyalty and profitability’
Aggregators and convenience remain key drivers of delivery growth but there are challenges around loyalty and profitability
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NewsTim Martin: Wetherspoon still a broad church
The Wetherspoon chairman has shrugged off a disappointing trading update, telling MCA he hopes the legacy of the pandemic will be “temporary, not permanent”
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Analysis & InsightStrong winter trading will boost M&A activity in Q1
A number of longer-term trends are proving more attractive to investors now than pre-Covid, according to Graeme Smith at AlixPartners