All articles by Shwetali Sapte – Page 117
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NewsInterest rates subject to further hikes
The central bank is likely to raise interest rates to 2% or higher in an attempt to control inflation
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NewsJoseph Holt reports slow recovery
The independent pub and brewery operator reported sales are recovering since the pandemic but have yet to catch up to 2019 levels
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NewsChancellor to repeal EU-era laws
In a speech at Mansion House today, chancellor Nadhim Zahawi will commit to reducing inflation and reforming financial services infrastructure
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InterviewsRare Restaurants to expand Gaucho nationwide
The Gaucho and M restaurants operator has identified 36 potential locations for new Gaucho sites, CEO Martin Williams told MCA
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InterviewsBenugo: ‘We're forecasting a good summer’
Commercial director Shane Kavanagh spoke to MCA about evolving the offer and focusing on performing arts venues as the primary arena for growth
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NewsBBPA calls on Tory candidates to support pubs
The British Beer and Pub Association has released a new manifesto with measures to help the pub sector navigate current headwinds
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NewsGDK appoints new CMO
The fast-casual kebab concept has appointed Dr Thorsk Westphal as chief marketing officer amidst plans to open 106 outlets in 2022
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InterviewsYard Sale Pizza gears up for expansion
The neighbourhood pizza concept plans to open another two sites this year, co-founder and MD Johnnie Tate told MCA
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InterviewsHarts Group: ‘The pandemic has created opportunities that didn’t exist before’
The Barrafina and Parillan operator is considering branching out into pubs, as well as outside central London, CEO Sam Hart told MCA
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NewsBusinesses disappointed in lack of government support
Nearly two-thirds of hospitality businesses feel abandoned by the government, according to a recent survey by Peckwater Brands
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NewsSector calls for resolution to end rail strikes
The announcement of further strike action by rail workers nationwide will severely impede sector recovery, according to the Night Time Industries Association
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NewsOpenings of the week
MCA rounds up this week’s biggest openings and announcements, with new sites from Benugo, Chopstix, Gusto Italian, Island Poké, and more
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Analysis & InsightFoodservice inflation tops 10% in May
Inflation in the foodservice sector topped 10% for the fourth successive month in May, according to the Foodservice Price Index by CGA and Prestige
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Analysis & InsightInflationary pressures highlight economic disparity
The state of the economy has widened the gap between income groups, with lower-income consumers increasingly reducing discretionary spend, according to EY
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NewsWork-life balance increasingly important in hospitality
The sector needs to focus on both careers and lifestyle, and offer better benefits, said leading operators at MCA’s Pub Conference
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NewsSSP buoyed by travel sector recovery
The food and beverage concessions operator reported steady recovery, with revenue running at 87% of 2019 levels overall and UK revenue at 82%
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Analysis & InsightWetherspoon’s model could impede recovery
Combined with rising costs, its value-led proposition could hamper recovery, analysts said following the operator’s trading update
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InterviewsJDW: ‘We’re in as good a position as we’ve ever been’
Despite a slow recovery, the company is confident trade will bounce back, chairman Tim Martin told MCA
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Analysis & InsightStaffing shortages causing 16% revenue loss
Restricted trading hours due to staffing struggles, along with rising costs, are resulting in significant loss of revenue, according to UKHospitality and CGA
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NewsGDP up by 0.5% in May
Defying expectations of stagnation, the economy is now estimated to be 1.7% above pre-pandemic levels, according to the Office for National Statistics