Finance
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Administrators have begun to shut loss-making pubs in the estate of Liverpool-based Cains Beer Company but still hope to find a buyer, it was announced today.
Posted: 21 August 2008 | 14:56
The Government's 2012 Olympics tourism strategy has once again been called into question after it emerged that Visit London is being forced to make redundancies because of a real-terms cut in its budget.
Posted: 21 August 2008 | 07:00
Robert Tchenguiz has bought back the leases on around 80 former Laurel pubs and bars, which were placed into administration in March.
Posted: 14 August 2008 | 12:51
Holiday Inn owner InterContinental Hotels Group (IHG) has seen its first-half pre tax profits fall 9.7% to $232m (£122m) as the US downturn hits.
Posted: 12 August 2008 | 11:57
The collapse of licensed operators Cains and Food & Drink Group is unlikely to mark an end to the pub industry’s escalating casualty list, according to an expert.
Posted: 12 August 2008 | 09:00
Food & Drink Group has been forced to make 125 of its employees redundant as it seeks buyers for its remaining restaurants and bars.
Posted: 08 August 2008 | 13:00
Irish property group Quinlan Private has sold a 50% shareholding in hotel group Jurys Inns to Middle Eastern investors.
Posted: 08 August 2008 | 09:00
Liverpool-based brewer and pub operator Cains has gone into administration, the second licensed operator to do so in the past day.
Posted: 07 August 2008 | 16:40
Food & Drink Group, the embattled owner of Henry J Beans, has been forced to sell more than half its estate for almost nothing.
Posted: 07 August 2008 | 10:31
In the first of our credit crunch insights, Emma Allen looks at how contract caterers are coping with the economic downturn
Posted: 07 August 2008 | 00:00
The luxury hotel operator Von Essen made a profit of £6.1m in the past year.
Posted: 06 August 2008 | 08:00
Individual Restaurant Company (IRC), the owner of brands Piccolino and Restaurant Bar & Grill, has shrugged off worries about the credit crunch with a sales boost of 21% in the first half of the year.
Posted: 04 August 2008 | 12:11
A round-up of the weekend's news affecting the hospitality industry. News includes: Share price fall interests CVC in Punch; Founder seeks to rescue Beanscene coffee shops from administration; Pubs and clubs lead quarterly rise in business failures
Posted: 04 August 2008 | 10:52
Shares in Liverpool-based brewer and pub operator Cains Beer Company have been suspended after its financial backers withdrew their support.
Posted: 01 August 2008 | 14:45
The Bar Group, owner of the Bok Bar chain and the Wishing Well Pub Group, has applied for protection from its creditors.
Posted: 31 July 2008 | 15:28
Devon pub company Heavitree Brewery has extended its strategic review period and warned it half-year profits will be sharply lower.
Posted: 31 July 2008 | 13:24
The owners of a well known West Country hotel have become the latest victims of the credit crunch.
Posted: 31 July 2008 | 10:36
Funding is still available to back the right hospitality business despite the ongoing economic slowdown, financial experts have insisted. Fears had...
Posted: 31 July 2008 | 07:30
The Eton Collection, owner of luxury hotels including famous City property Threadneedles, has seen a "significant" drop in corporate bookings since the beginning of the year as the credit crunch has begun to bite.
Posted: 31 July 2008 | 07:00
Kicking off a series of articles on coping with the credit crunch, we look at the money men and women behind some major recent investments in the catering industry. Many operators are cutting back but, as Glynn Davis finds, the City is still not averse to shaking on a good deal
Posted: 31 July 2008 | 00:00
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