All MCA Insight articles in October 2013 – Page 7
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News
Gino D'Acampo's My Pasta Bar expansion on target
My Pasta Bar, the new fast-casual Italian restaurant fronted by TV chef Gino D’Acampo, is on track to reach its target of six sites by the end of next year with the city and shopping centres its main focus for expansion
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News
Compass UK appoints Hogan as MD
Dennis Hogan is to leave Compass Group North America to become the new managing director of the international contract caterer’s UK and Ireland business from 1 January 2014
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OpinionThe price is wrong
Tenanted pub companies have been putting their houses in order in recent years, but one area of the relationship remains unregulated and potentially unfair - beer pricing
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NewsEclectic FY EBITDA grows 2%
Eclectic Clubs & Bars has reported a 2% rise in EBITDA to £2.9m in the year to the end of June and reiterated plans to add two or three sites per year
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NewsFrench downgrades Spirit EPS estimates; upbeat on debt move
Leading analyst Simon French has downgraded predictions for Spirit Pub Company’s earnings per share during this year and next following the group’s full-year results on Tuesday, although he was upbeat about the potential impact of its proposed debt reprofilingspirit
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News
Tighter controls on crowdfunding expected
Tighter regulations on the crowdfunding and peer-to-peer lending industry are set to be announced today, according to The Independent
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NewsCompetition for hospitality jobs intensifies
Competition for jobs in the industry is intensifying, with the number of jobs advertised and applications rising in the second quarter of the year, according to the latest Hospitality Employment Index from Caterer.com and the People 1st skills agency
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NewsCollyer downgrades Whitbread but sets out growth path
A leading analyst has downgraded his recommendation on Whitbread from Buy to Hold, but laid out a path of how the company’s shares could rise by 85% more than their current value through its growth plan
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NewsOperators line up for Birmingham’s Grand Central
A number of leading operators have been confirmed for openings at Grand Central, the redevelopment above Birmingham’s New Street train station, which is now set to come online in 2015
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News
Pernod Ricard Q1 hit by tough comps
Pernod Ricard, the global wine and spirit producer, has reported a 1% decline in organic net sales to €2,013m in Q1 2013/2014, with sales affected by difficult comparatives, a slowdown in emerging markets and an “unfavourable” product mix
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NewsPizza Hut UK FY operating losses narrow
Operating losses for the 330-strong firm, which last week announced a £60m investment estate programme, were £4.7m last year, against £12.4m in 2011, according to The Telegraph
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NewsDrake & Morgan trials Jongleurs
Drake & Morgan, the London-based bar and restaurant operator led by Jillian MacLean, is trialling a Jongleurs comedy night at its Happenstance venue near St Paul’s in the City, M&C Report has learnt
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News
Tasty eyes more Dim T openings
Tasty, the listed operator of the Wildwood chain of restaurants, is considering returning to the acquisitions trail in regards to its Dim T brand, M&C Report understands
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News
Deeming steps down from Hakkasan
Paul Deeming, co-founder of the Ignite Group, is understood to have left his role as interim finance director of Hakkasan, as it appears that the company is increasingly shifting its focus away from further expansion in the UK to increasing its overseas operations
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News
Blackpool EMRO 'could open floodgates'
Blackpool could “open the floodgates” to early morning restriction orders (EMROs) being implemented elsewhere, the Association of Licensed Multiple Retailers (ALMR) Autumn Conference heard
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Opinion
Time to unpick tied beer prices
Often the best tied licensees are making the least profit because beer discounts are not passed on fairly, argues pub industry consultant Phil Dixon
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News
Hixter set to become growth brand
Hixter, the upcoming opening in the City from chef and restaurateur Mark Hix, is set to become the group’s growth brand after parent company Restaurants Etc said that further acquisitions would take on the same name
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NewsCalorie labelling at 5,000 fast food outlets
Health minister reveals the figures in Parliament as she vows to “inject new energy” into the Responsibility Deal, saying: “Public health will never be improved just from Whitehall”
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News
Cowles named head of restaurants at Selfridges
Gary Cowles, former operations director at Stonegate Pub Company, has been named interim head of restaurant and eateries at Selfridges
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News
Doubts cast on Five Guys UK expansion plans
A leading sector academic has cast doubt on the ability of US burger chain Five Guys to achieve its ambitious expansion plans in the UK, unless it adopts a franchise model going forward