Finance
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Luxury hotel chain Four Seasons is to go private after accepting a $3.8b (£1.75b) takeover bid from Microsoft supremo Bill Gates and the Saudi billionaire Prince Alwaleed bin Talal.
Posted: 13 February 2007 | 10:04
Fast-growing but beleagured seafood restaurant and fishmonger chain FishWorks is raising £2.5m through a share placement.
Posted: 12 February 2007 | 15:58
A round-up of the weekend's news affecting the hospitality industry. News includes: Irish News, Fishworks, Bourne Leisure
Posted: 12 February 2007 | 11:56
Administrators have put a £250,000 price tag on a trouble-hit luxury Tyneside bar complex.
Posted: 12 February 2007 | 09:30
The European Bank for Reconstruction and Development (EBRD) plans to provide €52.6m (£35.1m) in financing for Croatian hospitality group GS Hotels and Resorts.
Posted: 09 February 2007 | 14:32
Compass Group's slap on the wrist from institutional investors over the controversial pay packages handed out to former executives will not affect the new management team's efforts to reinvigorate the company, experts said this week.
Posted: 08 February 2007 | 17:30
The hospitality industry has always been a natural home for entrepreneurs, whether it be Stelios and his EasyHotel chain, Hotel du Vin's Robin Hutson, Simon Woodroffe with his Yo! concepts or Johnny Sandelson's GuestInvest buy-to-let scheme. But it seems that the constant rise in property prices is preventing the next generation of entrepreneurs from flourishing in the sector.
Posted: 08 February 2007 | 00:00
Bar operator Ultimate Leisure could raise as much as £75m to fund expansion if investors vote for a share placement later this month.
Posted: 08 February 2007 | 00:00
Pub groups Punch Taverns and Mitchells & Butlers look likely to be promoted to the FTSE 100 when the next quarterly review takes place on 7 March , financial analysts have predicted.
Posted: 07 February 2007 | 17:45
Essential news from around the world, including: Leela Palaces and Resorts joins GHA to drive trade; Starbucks to open first Russian outlets; Germany to get third Rocco hotel; Pizza Hut aims for double-digit growth
Posted: 07 February 2007 | 08:00
Sandwich chain Benjys has collapsed into administration for the second time in a year, according to media reports.
Posted: 06 February 2007 | 17:09
Turnover at Regent Inns, owner of the Walkabout, Jongleurs, Bar Risa and Old Orleans brands, increased by 10.9% for the 26 weeks ended 30 December, the company has announced.
Posted: 06 February 2007 | 11:21
Schtop! City Inn is off to Amsterdam in its first overseas foray...
Posted: 05 February 2007 | 11:27
More than 850 Whitbread employees stand to benefit from the leisure giant’s annual "sharesave" scheme, which matured this week.
Posted: 02 February 2007 | 12:58
Coffee giant Starbucks has returned to winning ways after profits dipped last year, posting record turnover during its first quarter.
Posted: 02 February 2007 | 10:15
The Scottish winter has not been ruinous to pub operators as many critics of the country’s smoking ban feared, according to new figures from Mitchells & Butlers.
Posted: 02 February 2007 | 09:48
Individual Restaurant Company (IRC) said it experienced strong trading over the Christmas period, with sales largely driven by six new openings completed during the year.
Posted: 31 January 2007 | 12:23
Managed pub chain Barracuda Group has reported a 19% rise in turnover for the 12 months to end of September 2006, largely driven by an increase in food sales.
Posted: 31 January 2007 | 11:45
The fallout at restaurant chain FishWorks has continued with the resignation of the company’s finance director and questions raised about its future.
Posted: 30 January 2007 | 16:51
A host of restaurant operators have signed up to the £500m regeneration of Bristol's central shopping area, it was announced today.
Posted: 30 January 2007 | 16:02
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