Finance
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Mandarin Oriental International has reported a 6% drop in underlying profitability for 2006 due to the nine-month closure of its flagship property in Hong Kong.
Posted: 06 March 2007 | 14:33
Leading economist Roger Bootle doesn’t expect the current troubles in the world economy to lead to a full blown global and US recession.
Posted: 06 March 2007 | 11:59
A round-up of the weekend's news affecting the hospitality industry. News includes: JD Wetherspoon get £7m rise in utility charges; Struggling VisitScotland.com gets new chairman
Posted: 05 March 2007 | 09:43
Essential news from around the world, including: Accor sells German assets; McDonald’s expands coffee range; Mandarin Oriental completes sale of New York stake and more...
Posted: 05 March 2007 | 08:30
Pub operator JD Wetherspoon has confirmed it will not be one of the first companies in the sector to turn itself into a Real Estate Investment Trust (REIT).
Posted: 02 March 2007 | 17:01
Happy with the new Gambling Act? Don’t bet on it.
Posted: 02 March 2007 | 16:30
Private equity firm Texas Pacific Group has reportedly sold its remaining stake in airline caterer Gate Gourmet to investment bank Merrill Lynch.
Posted: 02 March 2007 | 13:12
UK pub operator JD Wetherspoon reported a 20% increase in pre-tax profit for the first half of its financial year driven by strong sales of coffees and breakfasts.
Posted: 02 March 2007 | 09:29
Bel And The Dragon, the pub-restaurant business, has been put back on the market after exclusive sale talks with gastropub group Cross Oak Inns ended, it was reported today.
Posted: 01 March 2007 | 16:57
Shareholders in Ultimate Leisure have approved a new share scheme that will help provide the bar and club operator with up to £75m to spend on acquisitions.
Posted: 01 March 2007 | 09:53
Orient-Express Hotels enjoyed a strong end to the year with a surge in fourth quarter profit and turnover as it plans for a future without its founding family.
Posted: 28 February 2007 | 13:30
Beleaguered burger chain Wimpy has been bought by Famous Brands for £3m amid promises to return the brand to its former glory.
Posted: 28 February 2007 | 13:00
Whitbread is on course for profits at “the top end of expectations” for the current financial year, driven by strong growth in its hotel business, the leisure giant revealed today.
Posted: 28 February 2007 | 12:30
Nearly a quarter (22%) of British workers regularly fiddle their expenses, according to new research by budget hotel group Travelodge.
Posted: 27 February 2007 | 12:00
A company behind some of North-East England’s best-known bars has gone into administration.
Posted: 26 February 2007 | 13:30
Ultimate Leisure made a six-figure loss in the first-half of the year as it sold non-core units and closed others for refurbishment, the bar and nightclub operator revealed today.
Posted: 26 February 2007 | 10:49
A round-up of the weekend's news affecting the hospitality industry. News includes: York may get its first five-star hotel; Travel Inn looking to expand in India and China; Domino's Pizza boss sells £22.5m of shares and more...
Posted: 26 February 2007 | 09:57
Hotel group Millennium & Copthorne (M&C) saw pre-tax profit rise by a massive 36% last year, its strongest performance since going public in 1996.
Posted: 23 February 2007 | 12:35
Contract caterer Sodexho has appointed Aidan Connolly to the role of finance director for the UK and Ireland.
Posted: 22 February 2007 | 09:30
In the past few years, the ups and downs at McDonald's have been well documented, and yet it just keeps rolling along. Nic Paton looks at the burger giant's ever-evolving strategies
Posted: 21 February 2007 | 12:26
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