All articles by Georgi Gyton – Page 47
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Analysis & InsightM&B share price falls following H1 update
There was a mixed reaction from analysts following Mitchells & Butlers’ half year results statement yesterday, with the outlook on costs described as “bleak”
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InterviewsM&B: Browns could be the next Miller & Carter
If a trial Browns site in the suburbs is successful, the brand could be Mitchells & Butlers’ next growth vehicle, chief executive Phil Urban told MCA
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NewsPCA publishes new-style quarterly report
The new report gives a picture of progress over time and provides comparisons to the previous quarter and total for the year, with the number of open cases falling by 20 since the last quarter
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Analysis & InsightInflation hits 9% in April
The rise has predominately been driven by the increase in gas and electricity prices, with the restaurant and hotel sector contributing a 0.11 percentage point rise to the Consumer Prices Index
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NewsFood props up sliding drink sales at M&B
Mitchells & Butlers reported like-for-like growth of 1% in the 28 weeks to 9 April 2022, versus FY19, with encouraging signs of sales recovery in its city centre sites
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NewsChopstix partners with Haven
Chopstix has partnered with UK holiday operator Haven to open sites within its holiday parks.
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NewsDishoom announces Canary Wharf opening
Dishoom has announced it will be opening a new restaurant on Water Street in Wood Wharf later this year - its sixth site in the capital
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NewsGreggs ‘desperate’ to open more transport hubs
Roger Whiteside, who steps down as CEO later today, said even if numbers in London never return to normal, the capital would still be busier than anywhere else
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Analysis & InsightManaged operators see growth levels fall to +2%
While restaurant and bar sales grew last month, the dip in overall growth suggests the impact of inflation is trickling down to consumer spend, according to the latest Coffer CGA Business Tracker
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Analysis & InsightInflation edging closer to double figures
Figures from the Office for National Statistics, due to be published on Wednesday, are expected to show that inflation rose from 7% in March to 9.1% last month
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Analysis & InsightNumber of PE deals double in leisure space
UK-only businesses have been trading at a discount to their international peers, so have become particularly attractive to PE funds, global law firm Mayer Brown reports
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NewsGreggs achieves 27% lfl rise
The food to go retailer said sales in larger cities and office locations continued to lag behind the rest of the estate but that transport hubs had shown a marked increase in activity in recent weeks
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NewsAdventure Bar Group appoints first marketing director
Nightcap has appointed Stonegate’s Alan Armstrong as marketing director at its Adventure Bar Group business.
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NewsAdnams sees demand return to 2019 levels
At its AGM yesterday, chairman Jonathan Adnams said the business had “successfully navigated the pandemic”
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Analysis & InsightImpact of Deliveroo’s union deal called into question
Following the announcement of the “historic union recognition deal” between Deliveroo and GMB, MCA asks what the real impact might be of the move by Deliveroo and its implications for the wider courier model
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InterviewsVarious Eateries: ‘There is no need to go hell for leather’
The Coppa Club operator may have several site opportunities on the cards but expansion will be slow and steady, CEO Yishay Malkov tells MCA
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NewsOpenings of the week
MCA rounds up the latest on new openings, featuring Fridays, The Ivy Asia, Mayfair and CrêpeAffaire
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NewsWendy’s UK achieves ‘solid results’ in Q1
CFO Gunther Plosch reiterated plans to reach 50 to 60 restaurants in the UK by the end of this year, with the growth coming from a combination of company restaurants and delivery kitchens
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InterviewsOle & Steen: ‘We’d like to have 30 sites by the end of the year’
The Danish bakery will open its 19th site in London’s Seven Dials this week, followed by Clapham and Windsor, MD Lee Nixon tells MCA
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InterviewsPunch Pubs & Co: ‘Fireside is a chameleon concept’
A year on from the launch of Punch’s Fireside concept, MCA catches up with the pub company’s director of marketing and strategy, Russell Danks, to discuss its evolution and plans for future growth