Langton Capital – 2023-03-10 – Ads in Scotland, sport, labour, Hostmore, DOM, EG Group & other:
Ads in Scotland, sport, labour, Hostmore, DOM, EG Group & other:A DAY IN THE LIFE: Well we’ve made it – almost – to the end of another week. There’s been news in the markets and, elsewhere, a glance at the weather updates and a couple of webcams suggest that there could be some issues travelling up north where it’s currently snowing heavily and where, before it turns warmer, the forecasters are gleefully talking of ‘minus ten over the snowfields of Northern England…’ That should confuse the daffodils and give the dog, whose not yet seen much snow, something to think about. Have a great weekend and let’s move on to the news: LANGTON EMAIL: The Free Email is now written in short form. Extended versions of many stories (after the ellipses) are in the Premium Email. Reply to this email if you would like to upgrade. Prices for the Premium are £395 for one subscription, £695 for multiple, £995 for very large subscribers, all plus VAT. Or sign up for easy in, easy out monthly option per subscriber HERE https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=87YUG2Z5W7PSN PUBS & RESTAURANTS: Advertising in Scotland: The Society of Independent Brewers reports that the Scottish alcohol advertising ban could threaten small independent breweries. It says ‘the far-reaching Scottish ban could end up preventing popular beer festivals from going ahead and even end tap takeovers or meet the brewer events…’ • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. UKH Scotland adds that ‘going ahead with the proposals would inflict significant financial pain on Scotland’s iconic hospitality sector…’ Sport: The MA reports that London in particular could benefit from the Six Nations rugby this weekend… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Food to go: Lumina’s Food To Go Market Report 2023 shows that ‘the UK food to go market is expected to grow by +4.1% in 2023F, with a total value of £22.2 billion…’ • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Labour issues: Speaking globally, recruitment company Page Group has said that it expects a shortage of staff and high levels of vacancies to persist. Elsewhere, Startups.co.uk has added that ‘today’s employers are offering just over £5,000 less than what graduates expect from a base salary…’ • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Product shortages ease. Asda and Morrisons are reported to have lifted restrictions on the sale of some fruit and vegetables. Other news: Too many me-too restaurants, says The Telegraph. Commenting on the proposed closure or sale of another 35 Frankie & Benny’s sites by The Restaurant Group, The Telegraph says that ‘fuelled by cheap money, rising disposable incomes, and private equity owners looking for the usual quick returns, Britain’s high streets and town centres have become utterly saturated with overpriced yet largely forgettable brands serving the same unimaginative fare…’ • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. COMPANY NEWS: Hostmore plc has announced that its results will be delayed as it is ‘currently in discussions with its lending banks to amend its existing facilities.’ The company says ‘this process is progressing well and the Company now expects it to conclude in the first half of April….’ • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. EG Group yesterday reported full year numbers to end-December saying that it had turned in a “resilient performance” through its foodservice, grocery and fuel services businesses… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. In the US, Meridian Restaurants Unlimited, which operates over 115 Burger King restaurants across nine states, has filed for Chapter 11 bankruptcy protection… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. Domino’s Pizza Group yesterday reported full year numbers (52wks to 25 December) saying that revenues were £600.3m (2021: £560.8m) with underlying EBITDA down slightly at £130.1m (FY21: £136.4m). The company reports underlying profits before tax of £98.9m, down from £113.9m in the prior year… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. US-listed Soho House has reported a return to profit last year with sales almost doubled at £822m. Profits were £51.4m after a £20m loss in the prior year. The club now has 226,830 members, up from 155,836 a year earlier. Shares were up 18 per cent in New York trading. Salford Quays is to welcome a food-hall, Central Bay, this summer. The site will feature four new restaurants, 13 kitchens and space for pop-ups. Itsu and Pret founder Julian Metcalf has told MCA’s Food to Go Conference that Itsu is preparing to roll out its next generation of restaurants… The Breakfast Club has partnered with SSP Group to open sites in travel locations, with its first opening set for London Gatwick. Chopstix Group has acquired competitor Chozen Noodle’s 27 sites for an undisclosed sum. Chopstix says it will build on its existing presence in motorway service stations. The enlarged group now has 127 sites… Costa Coffee has been voted the UK’s favourite coffee shop for the 13th consecutive year. Costa is the largest chain in the UK with around 2,700 stores. Cotti Coffee, which was only launched in October 2022 by former Luckin Coffee executives Charles Lu and Jenny Qian, has signed up some 1,300 stores across 181 Chinese cities over the last five months. The dash included one three-day period in which some 80 stores were opened. HOLIDAYS & LEISURE TRAVEL: Airports organisation ACI Europe maintains that Europe’s airports should be ready to “cope with demand” this summer. It says that capacity caps should be the exception… Silverdoor, which specialises in bookings for serviced apartments, has said that rates in EMEA this year are running up 15% on the same period in 2022… The BBC reports that the ‘construction of certain sections of HS2 will be delayed in an attempt to cut costs.’ That is unlikely to come as a shock to many observers. FINANCE & MARKETS: City AM reports that ‘Jeremy Hunt is going to let a lot of people down at his budget next Wednesday.’ Certainly, there have been innumerable approaches for help… • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. The Royal Institution of Chartered Surveyors yesterday reported that the UK housing market remains in decline but it says that the number of agents seeing falling prices was down on its last survey. A balance of 29pps of respondents saw lower prices compared with 45pps in January… The Guardian suggests that the ‘UK’s trade agreement with the EU could be immediately terminated if the British government quits the European convention on human rights.’ The latter may be necessary if the illegal migration legislation is to be enacted as currently proposed. Sterling up at $1.1922 and €1.1259. Oil lower at $81.26. UK 10 year gilt yield up 2bps at 3.78%. World markets broadly lower yesterday, the US lurched down ahead of today’s payroll numbers and London set to open down around 119pts as at 7am. RETAIL WITH NICK BUBB: • See premium. Reply for sample or to upgrade. Single £395, multiple £695. Limited time offer: PayPal alternative monthly £25 + VAT per sub. Easy in, easy out. |
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