All articles by Finn Scott-Delany – Page 49
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NewsCity Pub Co raises £22m
City Pub Group has raised £22m following a share placing, cutting net debt by two thirds.
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NewsWimpy adds delivery and takeaway sites
Wimpy opened a brand new site in Orpington over the Easter weekend, with half of its 68-strong estate now offering home delivery or takeaway during lockdown.
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NewsMarston’s: ‘We are all in this together’
Marston’s is having constructive conversations with its tenants and lessees about rent, with relief concessions being offered where appropriate, CEO Ralph Findlay has said.
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NewsSacha Lord: 70% will go under without urgent cash support
Seventy per cent of night-time operators face going out of business if they do not get urgent access to cash support from government, Manchester night czar Sacha Lord has warned.
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NewsDeliveroo NHS campaign raises £1.5m
A Deliveroo campaign to feed NHS staff has raised more than £1.5m, which will go towards its pledge to provide 500,000 free meals.
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NewsFurloughed staff under renewed threat
Hospitality staff are under renewed threat of jobs losses if the government does not extend the jobs retention scheme beyond its initial three month period.
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NewsPizza Hut finds its mojo at time of crisis
Pizza Hut UK MD Neil Manhas has told MCA the brand has “found its mojo” serving the community at a time of crisis.
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NewsKFC reopens select delivery-only sites
KFC has reopened several restaurants for delivery only, with further reopenings planned in the coming weeks.
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NewsCaring reopens kitchens to feed the needy
Richard Caring has reopened a number of restaurant kitchens in his portfolio to feed the isolated, vulnerable, low income families and NHS workers.
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NewsM&B keeps reduces costs to keep estate ’secure and safe’
Mitchells & Butlers has material cash resources which it believes should be sufficient to fund obligations “well into the second half of the year”.
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NewsRevolution ups credit facility to £30m
Revolution Bars Group has increased its revolving credit facility with Natwest to £30m.
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NewsWells & Co cancels rent for two months
Wells & Co will not collect commercial rent from its licensees for the next two months during lockdown measures, the family brewery and pub operator has said.
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NewsStar provides rent relief on ‘pub-by-pub’ basis
Star Pubs & Bars is providing licensees rent relief on a pub-by-pub basis, and has suspended the collection of the revised rent until June at the earliest, or when the pubs reopen.
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NewsTRG models ‘pessimistic’ slow recovery scenario
The Restaurant Group has modelled a “pessimistic scenario” for the current financial year, which would see 400 of its sites reopened gradually between July and December.
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NewsArc keeps staff connected during furlough
Arc Inspirations has shared a number of staff initiatives to keep its people connected and engaged while on furlough.
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Analysis & InsightDelivery up as consumers find routine in lockdown
Consumers ordered foodservice delivery more frequently last week, suggesting that the disappointing take-up early in the lockdown may be beginning to improve, MCA analysis reveals.
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News'UK faces depression if cash doesn’t arrive soon'
If government money does not begin flowing to businesses and consumers, it risks plunging the country into a depression, Roasting Plant Coffee UK CEO Jamie Robertson has warned.
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NewsGeorgel: ‘No one knows how the public will respond when controls are relaxed’
St Austell CEO Kevin Georgel has added his voice to call for support for the “squeezed middle” of pubs with a rateable value over £51,000.
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NewsLondon czar calls for late night levy suspension
London night czar Amy Lamé has written to each of the capital’s local authorities requesting they suspend collection of annual licence and late-night levy fees for a year.
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NewsBeer duty deferment urged by BBPA
The Government should defer payments of beer duty due on 25 April for beer produced in March when pubs were forced to shut down, the British Beer & Pub Association (BBPA) has urged.