All MCA Insight articles in November 2022 – Page 3
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News
England vs USA game sees 32.7% increase in pub sales
The World Cup match on 25 November saw 13.1 million pints sold across the UK, alongside a rise in average dwell time and spend per head
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News
West End sees ‘rapid rebound’ in 2022
Shaftesbury has reported a sustained recovery in confidence and activity, driving growing footfall and spending ahead of 2019 levels.
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News
EG Group foodservice profits on the rise
Gross profit in its foodservice operations increased by 21% to $207m year on year for Q3 FY22, driven by acquisitions and new openings
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News
Greene King opens 25th Hive Pub
The Rose & Thistle in Reading opened following Greene King Pub Partners’ investment of £500,000
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News
Cooks Coffee Co reports strong rise in revenue
The cafe chain has announced its H1 FY23 results, with sales in its Esquires outlets up 20% and sales in Triple Two outlets 60% ahead of H1 FY22
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Opinion
David Read: Hospitality still dancing in the rain
Prestige Purchasing founder and chairman David Read looks ahead to an uncertain 2023, and argues the sector cannot sit by and wait for the storms to pass over
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News
Marston’s reports encouraging trading
Since October, the pub operator announced like-for-like sales in managed and franchised pubs were up by 6.85% vs 2021 and 5% vs FY2019
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Interviews
Darwin & Wallace: ‘We’re ambitious and people like what we do’
MD Mel Marriott speaks to MCA about growing sales exponentially and the outlook next year for the nine-strong London restaurant group
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News
Treasury accused of blocking pay rise for rail staff
The Treasury is said to have blocked a pay deal that would have prevented strikes over the holiday period
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News
Barkby Group looks to dispose of pub estate
In a trading and strategy update, the group announced it is looking to dispose of its nine pubs
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News
Just Eat to reorganise customer service operations
The delivery company is to close a customer service centre in Hertfordshire to help it towards profitability
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News
‘We are not even full for Christmas’ – England’s restaurants count their lost bookings
The cost of living crisis has deterred customers just as cost of food ingredients, energy, rent and wages surge, The Guardian reports
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News
Nando’s cuts losses but recovery slowed by inflation and supply chain pressure
Chief executive Rob Papps said the chain expects 2023 to be ‘another volatile year’, the Evening Standard reports
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News
Oaktree Capital injects additional funding into Redcat Pubs Company
Oaktree Capital has injected additional funding into RedCat Pubs Company, founded by Rooney Anand, Sky News reports
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News
Elias Diaz Sese wants Domino’s to have large slice of takeaway market during World Cup
Interim CEO Elias Diaz Sese is hoping that demand during the World Cup will break records, the Daily Mail reports
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News
Salad days are over as farmers can’t afford to grow veg
Shortages of British crops including cucumbers, peppers, and tomatoes are expected in the coming months, the Sunday Times reports
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News
How can Britain solve its post-Brexit labour shortage?
Employers not main driver of latest surge in immigration, nor would loosening rules solve all problems, the Financial Times reports
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News
Veeno: ‘We’re finding locations with opportunities’
The wine bar group is opening two locations in Darlington and Milton Keynes next year, while looking to expand its presence in Scotland, owner Rodrigue Trouillet tells MCA
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News
Côte reports progress on growth plans
Côte Restaurant Group reported a turnover of £72.7m for the year ended September 2021, plans to open two new venues as well as an in-house butchery and development kitchen
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News
Savills appointed to market three London pubs
London-based pub group Harcourt Inns has appointed Savills to market three freehold pubs in London