Finance
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Sales in the budget hotel sector broke the £1b barrier for the first time last year, research released today (Thursday) will reveal.
Posted: 19 July 2007 | 07:00
News that the £240m tranche of new school funding covering 2008 to 2010 will not be ring-fenced for food has been given a mixed response by caterers.
Posted: 19 July 2007 | 00:00
Pub company JD Wetherspoon has said booming food sales at its pubs in England have helped offset a decline in booze consumption due to the smoking ban.
Posted: 18 July 2007 | 11:38
The hotels and leisure industry has seen a massive jump in the number of businesses failing in the first half of the year, research has revealed.
Posted: 18 July 2007 | 07:00
European hotel giant Accor has seen turnover in the first half of the year jump 8.6% thanks to a strong performance from its mid and high-end hotels in the UK and France.
Posted: 17 July 2007 | 17:41
The Individual Restaurant Company (IRC), formerly Bank Restaurant Group, today revealed that its outlets have performed well for the first eight months of its financial year with overall trading in line with expectations.
Posted: 13 July 2007 | 14:33
Hotel du Vin and Malmaison will reportedly be put on the market for £700m today after Marylebone Warwick Balfour (MWB) opted to pursue an outright sale of its hotel business.
Posted: 13 July 2007 | 10:01
Capital Pub Company, the portfolio of 23 London pubs that floated on London’s Alternative Investment Market (AIM) last month, is to continue its acquisition strategy in a bid to expand.
Posted: 12 July 2007 | 16:37
Contract catering and services giant Sodexho Alliance has enjoyed a strong first nine months of 2007 with total sales up 3.6% to €10.2b (£6.9b).
Posted: 05 July 2007 | 17:00
As Gordon Brown gets his feet under the table at 10 Downing Street, consultant Max Lawrence ponders whether he sees tourism and hospitality merely as revenue-generators for the Government
Posted: 04 July 2007 | 13:30
The boss of the newly named Real Hotel Group (RHG) has taken a swipe at his budget hotel rivals.
Posted: 04 July 2007 | 07:00
Brewer and pub operator Greene King today brushed off worries about the English smoking ban as it unveiled record results.
Posted: 03 July 2007 | 13:15
Exeter-based Heavitree Brewery has seen a dip in half-year profits, but expects improvements made to its pub estate in the run up to the England smoking ban to boost its fortunes.
Posted: 29 June 2007 | 17:37
Lancashire brewer and pub operator Thwaites has seen profits jump after last year’s improvement to its pubs and the restructuring of its business.
Posted: 29 June 2007 | 10:50
Vector, the group created by Richard Balfour-Lynn and David Michels, failed to become the hotel industry's first REIT earlier this month after a lack of support from investors.
Posted: 28 June 2007 | 09:00
Living through four decades of change gives David Michels, board member of Vector Hospitality and former Hilton chief executive, a special slant on trends in the hotel business
Posted: 28 June 2007 | 00:00
Tax is not normally an subject to make the heart flutter, but there was more than a ripple of excitement in hospitality circles last year when the government announced that hotels and restaurants were allowed to become part of a Real Estate Investment Trust (REIT).
Posted: 21 June 2007 | 10:20
Malmaison owner Marylebone Warwick Balfour (MWB) has refuted claims by its largest institutional shareholder that it mismanaged Vector, the planned hotel real estate investment trust (REIT) that stalled early this month.
Posted: 20 June 2007 | 14:54
Hotel operator Park Plaza is planning to float on the Alternative Investment Market in a listing that will value the company at about £270m.
Posted: 20 June 2007 | 10:54
Clapham House’s turnover has nearly tripled in a year that saw it open more than 40 new restaurants and venture outside its London heartland for the first time.
Posted: 19 June 2007 | 15:51
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