Finance
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Punch Taverns said sales at its managed pubs had flattened in the first few weeks of its new financial year following July’s smoking ban and waning consumer confidence.
Posted: 08 November 2007 | 15:32
Robert Tchenguiz has hit out at “unfounded speculation” linking him with the sale of his stake in managed pub operator Mitchells & Butlers (M&B).
Posted: 07 November 2007 | 11:17
Motorway services provider, Moto Hospitality, has failed in its last ditch bid to get a £15.5m compensation claim heard by the highest court in the land.
Posted: 07 November 2007 | 07:00
InterContinental Hotels Group’s (IHG) planned global re-brand of Holiday Inn has been received well by franchisees, the hotel group said today.
Posted: 06 November 2007 | 14:38
JD Wetherspoon chief executive John Hutson predicted a return to buoyant sales in six to seven months, after admitting a dip in bar sales following the start of England’s smoking ban this July.
Posted: 06 November 2007 | 13:16
Punch Taverns is expected to unveil a drop in profits on Thursday as the impact of the smoking ban starts to hit home.
Posted: 05 November 2007 | 13:45
The UK arm of fast-food giant McDonald’s saw profits surge in 2006 as its strategy of focusing on burgers rather than healthier options paid off.
Posted: 05 November 2007 | 13:29
A stock market flotation for the restaurant business of Laurel Pub Company, including La Tasca, Slug and Lettuce and Ha Ha bar & grill, is “an option” for its owner Robert Tchenguiz.
Posted: 05 November 2007 | 13:19
The Wolseley in Piccadilly has posted sales in excess of £10m for the past year and become one of London’s top grossing restaurants.
Posted: 05 November 2007 | 13:09
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
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