Finance
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A round-up of the weekend's news affecting the hospitality industry. News includes: Investment in Fifteen shaves Oliver profits; McDonald’s back-to-burgers strategy pays off; Advent draws back from Wagamama takeover
Posted: 05 November 2007 | 11:58
Walkabout and Old Orleans operator Regent Inns today warned of a potential triple-whammy that could squeeze its sales after they fell by 1% over the past 14 weeks.
Posted: 02 November 2007 | 11:27
Unprecedented increases in the cost of food ingredients have delivered Domino’s Pizza an additional charge of £450,000 for mozzarella, the chain said today.
Posted: 01 November 2007 | 12:15
With the news that VisitBritain's funding is to be slashed, Kurt Janson, policy director at the Tourism Alliance, says the Government risks making the UK a laughing stock
Posted: 01 November 2007 | 00:00
Irish racing tycoons John Magnier and JP McManus have built a 3.4 % stake in All Bar One and O’Neil’s operator Mitchells & Butler through an investment group called Elpida.
Posted: 31 October 2007 | 11:47
HM Revenue and Customs (HMRC) is to launch an appeal against a ruling that said non-cash tips could be counted towards the minimum wage.
Posted: 31 October 2007 | 07:00
Nightclub operator Luminar has felt only “marginal impact” on its sales following the introduction of the smoking ban in England in July.
Posted: 30 October 2007 | 11:00
Asian restaurant chain Tampopo has hit out at this summer’s changes to Enterprise Investment Scheme (EIS) legislation claiming they will inhibit the growth of small restaurant groups.
Posted: 29 October 2007 | 14:32
Worse things happen at sea but strange things occur at Travelodge, or so it would seem.
Posted: 26 October 2007 | 17:00
The Northern Rock affair has shaken many businesses out of any complacency they might have had about investments. So what now? Nic Paton reports
Posted: 25 October 2007 | 00:00
A week after the Good Pub Guide criticised operators for overcharging for meals, Eddy Passey, retail director at pub-with-rooms group St Christopher's Inns, argues that food might not be the answer to falling profits after all
Posted: 25 October 2007 | 00:00
The Government has been slammed for “lamentable understanding of tourism and a lack joined-up thinking” after it today announced an 18% cut in funding for VisitBritain over three years.
Posted: 24 October 2007 | 12:33
The former boss of Golden Tulip UK, Peter Roberts, has come up with a cunning plan – forming a hotel site finding company and signing a deal with Whitbread, the business that snapped up his former company for £44m last month for more sites for its Premier Inn. Neat.
Posted: 19 October 2007 | 15:30
A turbulent year at FishWorks, which saw the restaurant chain rescued from collapse and its chief executive replaced, has resulted in a near tripling of losses to £1.55m
Posted: 18 October 2007 | 12:00
Caffè Nero enjoyed a strong summer with sales 20% ahead of last year and like-for-like sales up 5%, the coffee shop chain said today.
Posted: 17 October 2007 | 12:25
Noodle bar chain Wagamama is to be auctioned off after reportedly abandoning its plans for a public floatation worth £225m.
Posted: 16 October 2007 | 15:00
Whitbread profit and turnover has leapt off back of “industry leading performance” from its budget hotel chain Premier Inn.
Posted: 16 October 2007 | 12:30
The chairman of VisitBritain will today make a public appeal to the Government to prioritise investment in tourism when the new Department for Culture, Media and Sport (DCMS) funding is allocated.
Posted: 16 October 2007 | 12:20
Dorset brewer Hall & Woodhouse has reaped the benefits of concentrating on its pubs business over the past year with pre-tax profits up 10% to £8.9m.
Posted: 16 October 2007 | 10:00
Essential news from around the world, including: Japan Leisure Hotels goes public; London & Regional move into Monaco; Hilton Hotels’ Iceland debut
Posted: 15 October 2007 | 15:19
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