Submit Senet Australia appoints Paul Newsom as new client advisory lead August 27, 2020 StumbleUpon Related Articles Share Share Tabcorp raises $371m through institutional entitlement offer August 24, 2020 Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Australia ASX gambling group Tabcorp Holdings has entered discussions with News UK to terminate its involvement in the Sun Bets joint-venture.Launched in 2016, the operating woes of Sun Bets have been well documented, with the Tabcorp-News UK joint venture reporting operating losses of AUS $46 million (£26 million) for FY2017 trading.Last October, Tabcorp governance moved to place an underperforming Sun Bets ‘under strategic review’, as the ASX gambling firm merged with main Australian market rival Tatts Group.“The review has concluded and Tabcorp is now in discussions with News UK about a proposal to exit its agreement to operate Sun Bets. These discussions remain ongoing and an agreement has not been reached at this stage.” details Tabcorp in its market update.Although the joint-venture has a ten-year contract, it is believed that Tabcorp governance will trigger a pre-2019 termination clause, allowing the firm to end its UK business partnership.As the brand lead, News UK is set to receive ‘termination fees’ from Tabcorp including a £1.5 million payment. Furthermore, Tabcorp will incur all costs attributed to winding down the Sun Bets business.In its corporate update, Tabcorp informs that it has begun ‘collective consultations’ with Sun Bets 60 employees, in line with UK employment laws.The termination of Sun Bets, sees Tabcorp end its UK market ambitions. Partnering with Rupert Murdoch’s News UK tabloid, Sun Bets aimed to leverage The Sun newspaper’s vast digital audiences towards online betting.Tabcorp initially launched Sun Bets, under its proprietary in-house developed betting platform, seeking to replicate the UK success of established operators Sky Bet and bet365.Nevertheless, from its initial launch, the Sun Bets platform faced a number of issues attached to scale and gaining market traction within the cutthroat UK online betting market.On a marketing front, the Sun Bets brand would be severely tarnished by its involvement in the 2017 FA Cup ‘Piegate’ scandal, which saw the betting brand fined £84,000, for offering odds of 8-1 that the substitute goalkeeper Wayne Shaw would finish an entire pie while the game was in play.
A man who sexually abused a teenager more than 40 years ago has today had his sentence increased after the Solicitor General, Robert Buckland QC MP, referred it to the Court of Appeal for being unduly lenient.While in his late teens, Graham Stridgeon sexually abused a fellow resident at Bryn Alyn children’s home on several occasions in the 1970s. The victim was under 15 at the time. Stridgeon, now 64, was arrested and charged following ‘Operation Pallial’, an independent National Crime Agency investigation into recent allegations of past abuse in the North Wales care system.Stridgeon was originally sentenced in October 2018 to 3 and a half years in prison at Mold Crown Court. The Court of Appeal has today increased his sentence to 5 years and 10 months in prison with an extended licence period of 3 years.Speaking after the hearing, the Solicitor General said:“I would like to thank the victim for bringing Stridgeon’s offences to light, and I hope that they now feel that their courage has been rewarded and that justice has been done. I would also like to thank the National Crime Agency for their hard work on Operation Pallial.”
Aldi and Waitrose have recorded the two highest percentage growth rates in the grocery market during the last 12 weeks, Kantar Worldpanel has revealed.The research firm published the latest grocery share figures for the 12 weeks to 17 March, highlighting a 30.8% growth rate for the discount food retailer. The John Lewis Partnership-owned Waitrose also saw a 12.5% growth rate during the same period.Other food retailers seeing an increase in growth included Lidl and Iceland, which experienced an increase of 10.5% and 8.7% respectively.Sainsbury’s growth rate stood at 6.2%, while Tesco and Asda saw an increase of 1.1% and 3.8% respectively, and Morrisons reported a 1% decline in growth.Fraser McKevitt, retail analyst at Kantar Worldpanel, said: “Sainsbury’s year-on-year growth of 6.2% firmly beats the total market growth of 3.9%. Since 2004, its annual share has been on a rising trend and now stands at 16.8% for the 52 weeks ending 17 March.“Looking ahead, Tesco has responded with its Price Promise promotion, which delivers coupons to shoppers at the tills and Morrisons has announced plans to plug its home-delivery gap during 2013. These strategies are expected to help boost the retailers’ performances going forward.”Kantar also revealed that grocery inflation stood at 4.2% for the same 12-week period, currently higher than the market growth of 3.9%. The firm said that this reflects shoppers’ coping mechanisms, such as switching products and retailers and seeking out offers.
Bristol-based pie company Pieminister aims to open its “most ambitious project to date” in Leeds at the end of April following a £300,000 refurbishment. The site, which will the company’s ninth, is a third bigger than all previous ventures undertaken by Pieminister, measuring 300,000sq ft with 120 seats. The space, near the Corn Exchange and Trinity University, is “a complete bomb site” and will undergo a refurbishment “from the ground up”.The site will offer an extended pie, snacks and drinks menu, as well as alcohol with pie-themed cocktails on offer, such as lemon meringue pie. A new collection of free-range snacks is currently on trial in Bristol, before launching at the Leeds site, including pork scratchings, potted pork and pickled eggs.The venue will serve food from 10am to 1am in an attempt to meet demand.Jon Simon, joint founder, said: “The restaurants are going really well. It is really exciting for us to be doing this and every store we open gets busier and busier. This one is by far our most ambitious project to date. It is over two floors and has a lot more seats than ever before. As seen in previous restaurants, people can’t get seats as it is too busy.”In November, food consultancy Horizons highlights Pieminister as one to watch and it continues to perform well, with restaurant business total sales up 45%.Future plansSimon confirmed that the company, jointly founded with Tristan Hogg, is looking for more sites in locations including Liverpool, a second site in Manchester and London. “We do demographic mapping to see where the best cities for us are,” said Simon.“These big cities where students are tend to be good places. The students help, but the cities tend to be a bit more vibrant. London is definitely a target for us and, as soon as we find the right site, we’ll be in.” In terms of the capital, Simon is looking for sites “where the cool kids are”, such as Brixton, Hackney and Shoreditch.Pieminister recently held a #PieElection to coincide with British Pie Week (2 to 8 March), which allowed consumers to vote for their favourite discontinued pie. The Minty Lamb won and there will be further pie specials coming out for summer.
Bakeries have been a star performer in the quick-serve restaurant (QSR) market in the past year.They recorded the strongest growth in eat-in dining across QSR channels in the 12 months to this April, with sales up 19% and number of visits up 18%, according to analysts The NPD Group.Total sales at bakery outlets rose 6% in the year, with a 2.2% increase in the number of visits, outperforming pizza and chicken outlets.NPD said the best evidence for success was in the number of servings, with bakery outlets recording a 9% jump to 1.17 billion – the strongest servings growth in the past year of any QSR channel.Bakeries were also well placed to tap some of the biggest trends in UK foodservice and ramp up their performance in on-the-go food market, according to Peter Linden, insight manager for UK foodservice at NPD.“Bakeries, by their very nature, focus on food-to-go and this is where the growth is, with sales in this part of Britain’s total out-of-home market having grown by 8% in the year to April 2019,” he explained, adding that some bakeries had already shaped their offer to tap this.“Many businesses – small and large – are moving away from their traditional bakery offering to a sharper food-to-go focus. This involves putting on good coffee, offering new food choices – such as pizza, salads, pasta, hot sandwiches, croissants and pasties – and much more.”Bakeries recorded the strongest growth in coffee servings of any QSR channel in the year to April, with servings of coffee up nearly 19%.Currently, bakeries account for 5% of the £22.5bn food-to-go market, but there is an opportunity to grow this by targeting different times of day, such as dinner, and offering delivery. Bakeries make up just 3% of total click-and-collect services, and delivery business for bakeries is still at a very low level, although delivery volume was up nearly 63% in the past year.“Say the word ‘bakery’ and some might think of a traditional family-run business that sets to work each day well before dawn, turning out bread, savoury bakes, pastries and cakes for sale across the counter,” added Linden.“Those outlets still exist throughout Britain, but there are many other ambitious outlets already competing head-on with the big high street names. We believe competition will heat up. Bakery chains are ideally suited to riding some of the big trends in British foodservice and have responded imaginatively to consumer demand for convenience.”