All MCA Insight articles in October 2020 – Page 14
-
NewsOsmond: Loan schemes ‘dig further trouble’
Emergency government loans designed to help companies through the pandemic could turn “once-viable businesses into zombie basket cases”, Various Eateries CEO Hugh Osmond has said.
-
NewsDeliveroo preps £2bn IPO
Deliveroo has begun working on plans for an initial public offering (IPO) after appointing investment bank Goldman Sachs to advise on the process, Sky News reports.
-
OpinionThe 10pm curfew has set alarm bells ringing
Everyone makes mistakes. No-one is immune from doing so. But everyone knows if you make a mistake the best thing to do is to admit it, try and reverse the situation if possible, and learn from it. The worst thing to do is to carry on regardless and ignore any ongoing damage being done.
-
NewsCineworld to close 127 UK theatres
Cineworld has confirmed it is temporarily suspending operations at all of its 127 Cineworld and Picturehouse theatres in the UK from Thursday (8 October).
-
NewsLegal challenge against 10pm curfew
A legal challenge is being prepared against the Government’s implementation of a 10pm curfew.
-
NewsPlea for more targeted support
The sector is facing a “severe and deleterious cumulative effect” from a series of local lockdowns, and further restrictions on supply and demand in the hospitality industry, trade bodies have warned the government.
-
NewsKhan: London at a tipping point
Mayor of London Sadiq Khan has warned the capital is at a “very serious tipping point” in the fight against coronavirus, as he pushed for a review of the 10pm curfew.
-
NewsSunak: No regrets over Eat Out scheme
Chancellor Rishi Sunak has defended his Eat Out to Help Out scheme, and described his frustration at the 10pm curfew.
-
NewsHawthorn’s David Lockhart dies
David Lockhart, co-founder of NewRiver and non-executive chairman of pubco Hawthorn Leisure has passed away. During his career, Lockhart set up three successful business – co-founding Hawthorn and NewRiver with Allan Lockhard and Mark Davies in 2009. He played a key part in developing the group – which now has a portfolio valued at £1.2b – before stepping down as chief executive in 2018.
-
Analysis & InsightTurnover rents a ‘sensible transition solution’
Turnover rents are a short-term solution for the uncertainty of the coronavirus crisis, but landlords and tenants will want to return a more normalised fixed rate model once the market begins to get back to normal, CGA’s Follow the Monday has heard.
-
Analysis & InsightNeighbourhood losses mounted after Manchester closure
East Coast concepts, the Neighbourhood and Victor’s operator recently acquired in a pre-pack administration, was already going through a challenging year even before the coronavirus pandemic struck, posting a loss of £1.7m in the 12 months to 29 February 2020.
-
Analysis & InsightTurtle Bay in positive lfls growth
Turtle Bay is having one of its best two-month trading periods on record, chair Jane O’Riordan has said.
-
InterviewsGiggling Squid founder Andy Laurillard: ‘This is the asteroid that hit the dinosaurs’
Up to date on rent payments, a brand-new opening, and like for like’s ahead of last year - looking at Giggling Squid, the word ‘crisis’ doesn’t spring to mind.
-
NewsNew restrictions for Liverpool, Warrington, Hartlepool and Middlesbrough
New restrictions on social contact have been announced in the Liverpool city region, Warrington, Hartlepool and Middlesbrough, banning different households from meeting in indoor hospitality venues.
-
NewsHancock defends 10pm curfew
Health Secretary Matt Hancock has defended the 10pm curfew, arguing reducing social contact was preferable to allowing “hundreds of thousands of deaths”.
-
NewsFuller’s to lay off 10% of staff
Fuller’s has said government advice to work from home means the pub company will have to lay off “at least” 10% of its staff, around 500 people.
-
InterviewsCity Pub Group CEO Clive Watson: ‘250 jobs at risk without better support scheme’
Up to 250 jobs could be at risk at City Pub Group without an improvement in the chancellor’s Job Support Scheme, CEO Clive Watson has told MCA. Given the continued closure of certain premises – the group has reopened 37 of its 48-strong estate – Watson said that Sunak’s proposed 33% wage subsidy plan will not be sufficient to support pubs that are still closed, or those where operating hours have been significantly reduced.
-
NewsReader’s Survey
Dear Reader, we would love to get your thoughts on MCA and your suggestions on things going forward. Please click here to tell us what you think - it will only take five minutes - Many thanks.
-
NewsStonegate CEO Simon Longbottom: Curfew a ‘perilous turning point’
Stonegate CEO Simon Longbottom has told MCA the 10pm curfew is a “devastating blow” to the hospitality sector and a “perilous turning point”.
-
Analysis & InsightThe Conversation - listen to Kate Nicholls, Peter Borg-Neal and Peter Martin
The Conversation, a podcast style virtual event, was launched at the start of lockdown, and has now been going for 27 weeks. After a tumultous week caused by the imposition of the 10pm curfew, James Halliwell, MCA’s editor, was joined by two leaders who have campaigned tirelessly to support our sector: UK Hospitality’s Kate Nicholls and Oakman Inns CEO Peter Borg-Neal, as well as MCA’s contributing editor, and original founder, Peter Martin. The event kicks off with Kate Nicholls updating us on her conversations with the government, followed by commentary from our two panellists. Click here to listen