Finance
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Trying to walk a straight line when someone mentioned cheap wine. Have a drink on me.
Posted: 16 March 2007 | 16:28
Real estate investment trusts (Reits) will not be taken up by the UK hotel industry until the legislation is relaxed, more in line with the US version, experts warned in Berlin.
Posted: 15 March 2007 | 00:00
Hotel marketing consortium Leading Hotels of the World has announced its most successful year to date with more than 1.6 million room night sales.
Posted: 13 March 2007 | 12:30
Pub chain Barracuda has secured £40m of additional funding to help finance its UK-wide expansion plans.
Posted: 13 March 2007 | 12:00
Pub chains Punch Taverns and Mitchells & Butlers are poised to join Britain’s most elite financial club, following the latest review of the FTSE-100 Index.
Posted: 13 March 2007 | 11:30
Gordon Ramsay has awarded himself a £2.1m bonus from the profits of his company Gordon Ramsay Holdings.
Posted: 13 March 2007 | 09:40
Profit at hotel chain Accor rose by more than 50% last year driven by strong growth in its core activities, hotels and business services.
Posted: 08 March 2007 | 11:10
Frankie & Benny’s and Chiquito owner The Restaurant Group has made a “buoyant” start to year, with like-for-like sales for the first nine weeks rising 5% from a year ago.
Posted: 07 March 2007 | 09:48
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
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