All MCA Insight articles in October 2014 – Page 15
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Analysis & Insight
Sector experiences 18 months of consecutive lfl growth
Pubs in London and restaurants outside the M25 were September’s strongest performers as the sector enjoyed its 18th consecutive month of growth, the latest Coffer Peach Business Tracker shows
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News
Punch and Admiral rule out managed move
Punch Taverns and Admiral Taverns have both ruled out introducing managed divisions alongside their leased and tenanted estates
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News
Punch tenants say pubco ‘must change’
Punch Taverns bosses have reiterated that it is “business as usual” following the long-awaited completion of its financial restructuring, despite demands for a corresponding rebalancing of its relationship with tenants
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News
Wok&Go outlines expansion plans
Wok & Go, the Asian food franchise operation led by Des Pheby, has signed franchise agreements to open 11 sites across the country next year
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News
French: Renewed opportunity for M&B and TRG merger
Leading analyst Simon French at Cenkos has said he sees renewed opportunity for a nil premium, all-share merger between TRG and M&B
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News
Jack: Sector blowing hot and cold
Leading analyst Douglas Jack has said that in his view the outlook for the sector is mixed
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News
Diageo in line with expectations
Diageo has reported that its performance in the three months to 30 September 2014 was in line with expectations
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News
Ellis: Whitbread on track for another good year
Leading analyst Wynn Ellis at Numis has said he believes that Whitbread remains on track for another good year
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News
Scottish hospitality companies pledge jobs for 16-24 year olds
Representatives from more than 75 Scottish hospitality and tourism businesses are meeting to pledge job opportunities, apprenticeships and work placements for 16 – 24 year olds
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News
Vascobelo Coffee opens flagship London site
Boundary Coffee House, Kitchen & Bar has opened as premium coffe brand Vascobelo Coffee’s first UK site as part of plans to open more stores across the country, M&C Report understands.
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News
Black Dog eyes expansion across the North
Black Dog, the Manchester based bar and restaurant operator, is actively looking for sites in Leeds and Liverpool to bring its Black Dog and Liars Club brands to the cities, M&C Report has learnt
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News
Orange Tree branches out with craft beer bar
Independent pub operator, The Orange Tree, has converted its Leicester pub, the Obar, into a craft beer bar following refurbishment
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Analysis & Insight
Report recommends pilots for a minimum price for alcohol
A new report has called for London councils to set up pilots for a minimum price for alcohol and the introduction of a mandatory traffic-light labelling on restaurant menus
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News
Caffe Nero FY lfls up 2.7%
Caffé Nero has reported rise of 8.8% in revenue to £222.4m with like-for-like sales up 2.7% for the year ending 31 May 2014, as it eyes a UK estate of 750
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News
Booker H1 lfls up 2.4%
Booker saw total sales for the 24 weeks to 12 September climb 1.9% to £2.3bn, while like-for-like sales (excluding Makro) increased 2.4%
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News
Caring to launch Ivy Market Grill
Richard Caring will open the first site under a new all-day dining format, the Ivy Market Grill, in London’s Covent Garden, in December.
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News
Laine Pub Co adds south London site
Laine Pub Company, the pub operator backed by Luke Johnson and led by Gavin George, has secured its eighth site in London
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News
McDonald’s crowd-sourced burgers go on sale
McDonald’s UK has introduced five new crowd-sourced burgers to its menu to celebrate the winners of its My Burger competition
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News
Whitbread extends bank facilities
Whitbread has extended the maturity of its bank facilities until November 2019
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News
Eataly set for Selfridges and stock market
Upmarket Italian food group Eataly is opening in Selfridges food hall in September 2016 and has intensions to be listed on the stock market in 2017