All MCA Insight articles in September 2022 – Page 6
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NewsChestnut Group makes people director promotion
The East Anglian-based pub, inn and restaurant group has promoted its former head of people, Charley O’Toole, to the role of people director.
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NewsHostmore to pause new openings
The operator of Fridays, 63rd+1st and Fridays and Go is not planning to open any new restaurants in the first half of FY23 until the economic climate improves, CEO Robert Cook has said
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InterviewsCity Pub Group: ‘We are having to work harder than ever’
The group is optimistic about consumer demand, but is having to work much harder for every customer walking through the door, chairman Clive Watson tells MCA
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NewsSSP announces exec appointments
They include Graham Woods, who will be joining the business as UK&I property director after 13 years as global property director at Pret
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NewsBig Table announces restructure
As part of the restructure, CEO Alan Morgan has taken on the additional role of managing director at Las Iguanas, with several internal promotions and new appointments made.
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NewsEnergy Bill Relief Scheme for business announced
Savings will first be seen in October bills, with the scheme to offer an equivalent discount to the Energy Price Guarantee for households
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NewsBusinesses’ energy bills could be cut by a third
Business secretary Jacob Rees-Mogg is expected to reveal a cap on wholesale costs for business customers at 9am this morning, with the limit understood to be 21.1p per kWh for electricity and 7.5p per kWh for gas
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NewsHostmore YOY revenue more than doubles
Group revenue increased by 147%, to £98.5m, in the six months to 3 July 2022, but recent like-for-like trading has been weaker than comparable pre-Covid levels, down 14%
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NewsCity Pub back to pre-pandemic trading levels
The group achieved revenue of £26.1m over the six-months to 26 June 2022, compared to £8.9m in H1 2021, with its financial position strengthened albeit with a rising cost burden
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Analysis & InsightCity centre footfall rises after passing of Queen
Footfall across the UK rose by 12.1% last week compared to 2021, particularly in central London and city centres across the UK, Springboard Insights suggest
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Analysis & InsightSales growth fails to match inflation
Sector sales in August were up on 2019 levels but remained well below double-digit levels of inflation, according to the Coffer CGA Business Tracker
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Analysis & InsightThree out of four night time operators on financial cliff edge
Almost half of night time economy business are barely breaking even while 24.8% are losing money, according to a poll by the NTIA
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NewsSlim Chickens secures first franchise partner for Ireland
The Boparan Restaurant Group-operated chicken brand has partnered with OCO Westend to open its first Ireland site in Belfast in October
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NewsLast chance to book for MCA’s Restaurant Conference
There are still a few tickets left for the event tomorrow (22 September), so snap yours up today.
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NewsPret’s Winzer promoted to property director
Lucy Winzer was previously UKI head of estates and acquisitions – a role she had held at the growing food to go chain since September 2020
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NewsTasty faces ‘severe headwinds’
The Wildwood operator reported a loss after tax of £2.7m, as it warned inflationary pressure on labour, food and utilities was impacting the business “considerably”
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NewsChancellor considers blanket discount on energy bills
Businesses could get a fixed reduction to the rate they currently pay per kilowatt hour on their bills
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NewsChaiiwala eyes 60 new UK sites next year
The tea and casual dining chain is also looking to expand into the US, Canada, the Middle East and Europe after experiencing a period of rapid growth
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NewsStuffed launches UK franchise model
Dessert and coffee café Stuffed Gelato has has 10 locations lined up already as it looks to expand across the UK.
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NewsTortilla launches first ESG report
Company commitments include developing a net zero roadmap, reducing waste and implementing further training initiatives to aid staff retention and support long-term career progression