All articles by Shwetali Sapte – Page 46
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NewsDrop in inflation ‘strongest signal yet’ to cut interest rates
Trade bodies have renewed calls for any incoming government to prioritise reducing the cost burden on the hospitality sector
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Analysis & InsightConsumers continue cutting back on restaurants and takeaways
New figures from KMPG show four in 10 households are reducing non-essential expenditure, despite a drop in inflation this year
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NewsDaniel Thwaites achieves 6% growth
The pub operator credited the positioning of its managed properties towards more premium segments, as well as the resilience of its tenanted community pubs
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InterviewsYoung’s: ‘The £10 pint remains far off for us’
CEO Simon Dodd speaks to MCA about how caution around pricing has helped drive returns, alongside a long-term strategy of investing in pubs, the offer, and people
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NewsIn pictures: GDK’s ‘Doner Worthy of the Daylight’ campaign
The campaign looks to transform the perception of kebabs as a late night snack or guilty pleasure
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NewsCosta unveils new store design
Reopened after a major refurbishment, the coffee giant’s Tooley Street site now features touchscreen ordering systems, a modern seating area, multiple charging points, and a refreshed counter space
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InterviewsWhitbread restaurant exit plan ‘bang on’ target
The group has seen interest for the majority of its 126 restaurant sites currently on the market, and remains pleased with progress, according to CEO Dominic Paul
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NewsUnion to hold demonstration at Whitbread AGM
Unite claims Whitbread has refused to consult with the union and answer questions on the redundancy process, following the group’s announcement to cut 1,500 jobs
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NewsWhitbread restaurants report slow first quarter
The Beefeater and Brewers Fayre operator reported strong breakfast sales driven by high occupancy in hotels, but offset by softer trading in branded restaurants
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InterviewsMcMullen’s: ‘The year is going incredibly well’
Halfway through 2024, the pub operator is seeing the volume growth it wants to see - off the back of breaking the £100m sales milestone in 2023, MD Heydon Mizon tells MCA
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NewsLane7 gears up for international debut
The 13-strong experiential concept, which is targeting 50 sites in the UK, will launch one site in Berlin and two in Dublin later this year
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Analysis & InsightColliers criticises ‘lacklustre’ manifestos over business rates
The Conservatives’ proposal does not mention tackling the multiplier or relief system, while Labour displays a ‘frustrating’ lack of clarity, according to John Webber, head of business rates
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NewsRed Engine partners with Loyola Group
The partnership will see the Flight Club and Electric Shuffle operator introduce its social darts concept to Ireland, beginning with a Dublin launch by early 2025
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NewsRevolution to proceed with restructuring plan
All resolutions were passed at the group’s general meeting on Friday, with Revolution now seeking the sanction of its restructuring plan
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring The River Cafe, Humble Crumble, Shoryu Ramen, Mr Porter, and more
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InterviewsFuller’s: ‘Going to the pub is still good value for money’
The return of people to the office has helped drive a double-digit uptick in like-for-like sales - alongside extensive work on menu development and investments into the estate, CEO Simon Emeny tells MCA
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NewsLabour pledges to replace business rates system
In its manifesto revealed yesterday, the party said the current system “disincentivises investment, creates uncertainty, and places an undue burden” on high streets
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NewsCornish Bakery secures new funding
The bakery chain, which has more than 60 sites, has secured funding from Virgin Money to support its ambition to double the size of the business
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Analysis & InsightBrunning & Price named top pub operator
The Restaurant Group’s pub division has topped CGA’s PubTrack rankings and is joined in the top five by St Austell, Hydes Anvil, Youngs, and Everards
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NewsFuller’s reports year of ‘excellent progress’
Revenue rose by 7% to £359.1m while like-for-like sales were up 11% in the year ended 30 March, with the pub operator also reporting continued proactive management of the estate to enhance shareholder value