All MCA Insight articles in November 2022 – Page 8
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NewsBBPA makes last ditch plea for duty freeze
The trade body has written to Chancellor Jeremy Hunt asking him to reconsider reinstating the freeze on beer duty as costs continue to rise for consumers resulting in a softening of beer sales
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NewsNightcap appoints group FD
Lizi Hills joins the late-night operator as its group finance director, from her role as head of finance at Various Eateries.
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Analysis & InsightSharing menus on the rise at UK restaurants as customers cut back
Chefs are hoping the concept will tempt diners to spend a little more and fight the cost-of-living crisis, The Observer reports.
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NewsBurger chain Byron to be flipped to new owner
The owners of Byron have hired Interpath Advisory to find new investors as the hospitality sector faces stiff economic headwinds, Sky News learns.
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Analysis & InsightThe new breed of high-end restaurant where vibes trump good taste
So-called ‘high energy dining’ is proliferating in the face of wider economic doom and gloom, The Telegraph reports
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Analysis & InsightBritish pubs fear the World Cup won’t provide a much-needed boost
Tournament may provide less respite to the struggling sector as weather and cost of living crisis keep fans at home, the FT reports
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Analysis & InsightHow McDonald’s became bigger than ever
The fast food giant has put lean years behind it, with its shares hitting record highs. Sam Chambers reports on the Golden Arches revival for The Sunday Times
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Analysis & InsightWhy the UK’s nightclubs are facing extinction
Rising rents, noise complaints and gentrification are putting our nightlife at risk, writer and DJ Bill Brewster warns in The Times
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NewsSector could face £900m rates increase
If current relief ends and business rates increase in line with inflation, come April, it could prove “fatal” for many hospitality businesses, UKHospitality has warned.
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NewsKFC taking new approach to recruitment
Through its new employability programme, Hatch, the business is aiming for a third of all new hires to be young people who have faced barriers to employment, by 2030
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Analysis & InsightConsumer expectations are higher than ever
Despite the cost of living crisis, consumers are willing to spend on eating out – but their expectations are higher than ever, according to customer experience platform Reputation
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NewsDanieli Group to bring Stack to Durham
Danieli Group has submitted plans to convert the former Marks & Spencer store at Silver Street, Durham, into a Stack
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NewsUK economy shrinks by 0.2%
According to the Office for National Statistics, the UK economy has shrunk by 0.2% in the three months to September 2022
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NewsSales growth continues to fall short in real terms
Hospitality sales are 4% higher than they were during the same period in 2019, but well below pre-Covid comparatives in real terms, according to CGA and Wireless
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NewsUKHospitality renews calls for resolution to rail strikes
The trade body has called for a resolution to end industrial strike action, terming the most recent bout of strikes as a “week of misery.”
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InterviewsYaay Yaay considering permanent location
Thai street food concept Yaay Yaay, which operates six food stalls at markets across London, is considering opening its first permanent restaurant
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NewsDomino’s: ‘Our results are a combination of both price and volume’
The pizza chain’s customer base has seen significant growth due to the Just Eat partnership, says interim CEO Elias Diaz Sese
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InterviewsNightcap: ‘There’s no time for mediocrity in a recession’
CEO Sarah Willingham speaks to MCA about focusing on the core brands, pausing rollout plans, and branching out into an all-day offer
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NewsCoffee#1 sees sales double
The Caffe Nero Group-owned community coffee shop operator saw sales peak in September and October, at 117% of pre-pandemic levels, resulting in its first £1m gross sales week.
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InterviewsYoung’s: ‘We are still very acquisitive’
The pub operator has got the strength in its balance sheet and business model to get through the current headwinds, and is still focused on growth, CEO Simon Dodd told MCA