App ordering here to stay at Young’s pubs with punters able to buy drinks at the bar from June May 20, 2021 Some of the changes brought about by the Covid-19 pandemic are here to stay at Young’s pubs, including use of the app to order food and drinks to tables. Speaking to City A.M. this morning, Patrick Dardis, CEO of Young’s, said the app, which the group began developing five years ago and by sheer good [...]
Boohoo to link £150m bonus pot for directors to supply chain improvements May 19, 2021 Boohoo plans to link multimillion-pound bonuses for its directors with improvements in its supply chain following allegations of poor working conditions and corporate governance. The online retailer faced criticism from investors last year over its long-term incentive scheme, which could see founders and directors paid up to £150m. Boohoo has said it will now link [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 19, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex Co-op CEO joins Boomin’s board Property site Boomin has bagged itself a retail veteran this week, who is set to join the board as a non-executive director at its next [...]
Creativity in the kitchen drives ‘outstanding’ year at Premier Foods May 19, 2021 Creativity in the kitchen drives 'outstanding' year at Premier Foods
Mitchells & Butlers suffers £200m loss as lockdown restrictions strangle pub group May 19, 2021 Sales at Mitchells & Butlers tumbled 79 per cent in the six months to 10 April, as coronavirus-led restrictions decimated operations at the pub group. The group, which owns Toby Carvery and All Bar One, recorded a loss before tax of £200m in the first half of its financial year. Revenue at the business fell [...]
Marston’s slumps to £105.5m pre-tax loss as restrictions hit business May 19, 2021 Marston’s fell to a £105.5m pre-tax loss in the 26 weeks to April 3, as coronavirus-led lockdown restrictions over the winter hit the pub group hard. Revenues during the six month period to April 3 dropped £343.3m to just £55.1m, although the balance sheet was boosted by £291 million from the sale of Marston’s brewing [...]
Dunelm sales better than expected thanks to lockdown living space upgrades May 19, 2021 Homeware’s retailer Dunelm enjoyed a better-than-expected sales lift over the tail end of the UK’s third national lockdown, the group said today, despite only being able to trade for five weeks after the 12 April easing of restrictions. Customers were able to flock to stores in mid-April after a winter lockdown, despite the reduced trading [...]
Maida Vale pub that was rebuilt brick by brick after illegal demolition is back in business May 18, 2021 A pub that was rebuilt brick by brick after being demolished by developers has finally welcomed its first customers inside. The Carlton Tavern in Maida Vale, north London, was pulled down by developers CTLX in 2015. But they were ordered to rebuild it exactly as it had stood by Westminster City Council because they had [...]
Evening read: The return of indoor hospitality – all your questions answered May 18, 2021 While the basic rules are clear – that diners and drinkers can now sit inside in groups of 6, and outside in groups of up to 30 – there are areas that remain unclear. Suraj Desor is a hospitality licensing solicitor at Poppleston Allen, which advises pubs and restaurant chains in the UK. Desor has [...]
Topps Tiles reports mixed six months after lockdown closed stores May 18, 2021 In the six months to 27 March, Topps Tiles produced a profit before tax of £4m, after lockdown restrictions in the first three months of the calendar year heavily impacted the group’s performance. The retailer reported a half year of contrast this morning, with retail like-for-like sales up nearly 20 per cent in the first [...]