All MCA Insight articles in October 2020 – Page 11
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NewsPubs and restaurants can remain open in North East, Yorkshire and Manchester
Pubs, bars and restaurants will be allowed to remain open in the North East of England under the new restrictions due to be announced by Boris Johnson this afternoon.
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NewsHospitality workforce sees 18% drop year-on-year
The number of people working in hospitality has dropped by 18% compared to September 2019 as the coronavirus crisis continues to have an increasing impact on jobs in the sector, according to Fourth.
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NewsPizza Express to be taken over by bondholders in debt for equity swap
Pizza Express is set to be taken over by its bondholders after a sale process seeking potential buyers failed to find a competitive offer.
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NewsConsumers happy with safety measures
The vast majority of consumers have been satisfied with pub, bar and restaurants’ safety precautions and communications in the three months since lockdown was lifted.
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NewsLegal challenge against Northern restrictions
Manchester night time advisor Sacha Lord has launched legal proceedings against the Government’s impending lockdown of hospitality and entertainment venues across the north of England.
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NewsNew job scheme not enough
The government is facing a backlash over the new job support scheme, which pays two-thirds of workers’ wages affected by coronavirus closures.
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NewsManchester MPs won’t support harshest measures
Manchester MPs have called on the government to avoid closing licensing premises, or risk pushing socialising into private homes.
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NewsPubs to shut as Liverpool faces toughest measures
The government is expected to place Liverpool under tough restrictions today as part of a three-tiered lockdown system.
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NewsMinister fails to cite ‘robust evidence’ for local lockdown
Culture Secretary Oliver Dowden has defended government plans to introduce further restrictions, insisting there is a “higher risk of transmission” in hospitality settings, though he failed to cite the evidence.
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NewsNew furlough scheme to pay two thirds of wages in local lockdowns
The government will subside two thirds of employees’ salaries in businesses forced to close due to local lockdowns, the Chancellor has announced. As an expansion of its Jobs Support Scheme, the government will grant eligible businesses 67% of each employees’ salary throughout the closure period, up to a maximum of £2,100 a month. In addition to the extension, the government is increasing cash grants to businesses – such as nightclubs and other areas of hospitality - forced to close in England. Grants will be linked to rateable values with up to £3,000 per month payable every two weeks, compared to the up to £1,500 every three weeks which was available previously.
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NewsGreene King increases rent concessions for tied tenants
Greene King Pub Partners has increased the rent concessions for its tied pub tenants to at least 40% until Christmas. Until the end of December, its 975 tied tenants will be granted at least a 40% rent reduction, with pubs that are forced to close in local lockdowns receiving a 90% rent discount for at least four weeks. The move brings its total estimated financial support for its tied tenants to more than £25m since March.
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News25,000 businesses yet to reopen in hospitality
There are now nearly 25,000 fewer licensed premises open in the UK than there were before the coronavirus lockdown, a drop of 21.7%, according to CGA and AlixPartners. Their latest Market Recovery Monitor has shown that just over 90,000 premises around Britain had returned to trading by the end of September, a net increase of nearly 4,000 sites in the month, but the openings were significantly less than those seen in August (15,500). The number of sites currently trading compares to the 115,000 licensed premises recorded by CGA in March.
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NewsCalls for ‘credible financial support’ during local lockdown
Industry trade bodies have called on government to ensure any new lockdown measures are targeted, proportional and accompanied by a credible financial support package.
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NewsData ‘cobbled together’ to justify closures in the North
Chief medical officer Chris Whitty was been accused of using misleading data to justify the expected shutdown of the North of England.
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NewsSunak to announce local furlough ahead of northern lockdown
Chancellor Rishi Sunak will announce a local furlough scheme today designed to support areas in local lockdown, the Times reports.
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NewsCMA approves Marston’s/Carlsberg JV
The Competition and Markets Authority has cleared the proposed £780m merger of Marston’s and Carlsberg’s brewing operations.
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NewsTRG’s remuneration and share plan overhaul approved
The Restaurant Group’s proposed new remuneration policy and restricted share plan has been approved by shareholders.
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NewsOakman Group sees highest sales quarter in history
The Oakman Group, comprised of Oakman Inns and Ashmore Inns, has significantly outperformed the market in the past few months, seeing its highest ever sales quarter in Q1 2020.
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NewsUK footfall sees week-on-week decline
Footfall across the country continued to drop last week, with areas under local lockdown measures particularly affected.
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NewsBBPA: Northern lockdown could destroy pubs and livelihoods
The introduction of a local lockdown in northern England could destroy pubs and livelihoods in the region, the British Beer & Pub Association has warned.