Page 6 - Rob Pitcher News Today

FirstGroup shares accelerate after deal to terminate TransPennine contract A look at the major movers on the London market on Tuesday It may be a down day for the markets overall, but FirstGroup PLC (LON:FGHP ) has managed to travel in the right direction. Its shares are up 2.11% or 1.55p to 75p after the transport group agreed to pay the Department for Transport a final £6mln to cancel its TransPennine Express railway franchise, taking the total it has paid to £48.5mln. It said this was aro...

Revolution Bars Group saw its share price climb by 14.1 per cent today after it said its bars had traded extremely strongly since some of them reopened last month. The company said significant pent-up demand meant sales in the four weeks to May 9 were just under half its pre-pandemic levels despite reduced operating hours and the often unseasonably cold weather. Twenty of Revolutions English bars reopened on April 13 when the UK government allowed hospitality venues to serve customers outdoors,...

FirstGroup shares accelerate after deal to terminate TransPennine contract A look at the major movers on the London market on Tuesday It may be a down day for the markets overall, but FirstGroup PLC (LON:FGHP ) has managed to travel in the right direction. Its shares are up 2.11% or 1.55p to 75p after the transport group agreed to pay the Department for Transport a final £6mln to cancel its TransPennine Express railway franchise, taking the total it has paid to £48.5mln. It said this was aro...

Stonegate launches head office career pathway Stonegate Group has launched its new in-house training pathway, Albert’s Interesting Map to Success, or AIMS.  The pathway has been designed for the company’s head office support staff and is available across all roles – amounting to more than 600 different specific learning pathways from level two, all the way to level seven (masters level).  AIMS hopes to engage in excess of 1,000 support staff, across both the managed and lease and tenant...

Relief effort: Under the Australian scheme, the government has made it mandatory for landlords to agree to a reduction in rent payable, of up to 100%, in proportion to the reduction in the tenant’s business during Covid-19 (Image: flyparade/Getty Images) A group of hospitality operators and property agents are calling on the Government to implement the same rent relief scheme as has been adopted in Australia, according to reports by MCA Insight. Peter Thornton, Au...

The boss of Revolution Bars has urged a swifter exit from lockdown after hospitality’s reopening. Rob Pitcher, 46, hailed Monday’s success as customers braved the cold to enjoy their first pint back after lockdown. Revolution posted a 73 per cent fall in sales in the six months to December 26, and a £14.7million loss. Pitcher said: ‘The mood was almost carnival-like. Guests were just delighted to be back out. ‘We are ahead of vaccination progress on every measure the roadmap was built ...

The boss of bar group Revolution has called on the Government to “follow the data” and consider easing restrictions sooner than scheduled as the company sank to a loss for the past half-year. Revolution Bars Group told investors on Tuesday that it slid to a £17.7 million pre-tax loss for the 26 weeks to December 26 after sales were battered by the pandemic. The company’s chief executive Rob Pitcher told the PA news agency there was reason for positivity after around third of its venues r...

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Restaurant and gym bosses cheer Budget moves but plea for Government help on ‘existential threat’ of evictions Naomi Ackerman Hospitality and leisure sector bosses today welcomed the Budget as giving "the first real ray of economic sunshine" since the pandemic hit, but warned that it failed to address the "existential threat" of unpaid rent bills. Pubs, bars, restaurants and gyms have racked up huge debts to landlords while closed. A moratorium on commercial evictions is du...

Nightclubs across the UK face going extinct this year, with 80 per cent unlikely to survive beyond this month, industry bosses have today claimed. In a stark warning, the Night Time Industries Association (NTIA) said the UK was on the cusp of losing a cultural institution due to the impact of Covid on the late-night economy. Taking aim at the Government, the group claims ministers have failed to recognise the devastating impact of Covid restrictions on the industry and that nightclubs have bee...