Finance
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Restaurant group La Tasca is looking for a strong performance across its estate during Christmas to off-set the negative effect of June’s football World Cup.
Posted: 12 December 2006 | 13:00
The recovery of fast-food giant McDonald’s is continuing apace, with new figures showing sales up 6.2%, fuelled by a strong performance in Europe.
Posted: 12 December 2006 | 12:00
Increasing numbers of people working in the travel and hospitality industry are facing huge personal debts and insolvency, new research reveals.
Posted: 11 December 2006 | 14:46
A round-up of the weekend's news affecting the hospitality industry. News includes: Hilton to roll out in China; Big Mac making bigger profits; Forte hotels revenue tops £100m mark and more...
Posted: 11 December 2006 | 10:03
Rank Group has sold its Hard Rock division to a Florida-based tribe of Native Americans for US$965m (£490m).
Posted: 07 December 2006 | 10:49
Compass Group chief executive Richard Cousins has sought to draw a line under the caterer's troubled past in his first public outing.
Posted: 07 December 2006 | 08:00
Kew Green Hotels, contract caterer Wilson Vale and bar and restaurant group Living Ventures have all made it into the annual Sunday Times Fast Track 100.
Posted: 06 December 2006 | 16:13
Brewer and pub operator Greene King has reported a 20% increase in pre-tax profits for the first half of its financial year and said it benefited from good trading conditions and recent acquisitions.
Posted: 05 December 2006 | 11:43
Roy Morris, executive chairman of seafood restaurant and fishmonger chain, FishWorks, has resigned.
Posted: 04 December 2006 | 11:21
I read with great interest your article headed "Hotel market not in danger of meltdown" (Caterer, 23 November, page 12), and as one who falls into the category of adviser to the sector I wholly concur with the majority of the comments made.
Posted: 30 November 2006 | 00:00
Mitchells & Butlers spent almost £7m last year fending off the unwanted attentions of property magnate Robert Tchenguiz, who launched a failed bid for the pub company in May.
Posted: 29 November 2006 | 14:32
Compass Group has announced several changes to its board at its full-year results presentation today.
Posted: 29 November 2006 | 10:40
Food-led pub group Geronimo has secured £10m of new funding to accelerate growth and more than double its turnover to £30m within the next few years.
Posted: 27 November 2006 | 11:47
London brewer and pub operator Fuller Smith & Turner’s purchase of rival beer and pub group Gales last year has fuelled a sharp increase in first-half profits.
Posted: 24 November 2006 | 10:24
Industry experts reckon the hotel market is alive and well and set for steady growth over the next two years, despite recent warnings that it is in danger
of overheating because of high loan-to-value rates. Emily Manson reports
Posted: 23 November 2006 | 00:00
Seafood restaurant and fishmonger chain, FishWorks, has said group pre-tax profit will be lower than expected, due to some underperforming new sites.
Posted: 22 November 2006 | 14:54
Starbucks has suffered a significant drop in profits over the past three months, causing shares in the retail brand to slump overnight.
Posted: 20 November 2006 | 10:06
HM Revenue and Customs has been criticised for its heavy handed approach in making spot checks on restaurants’ takings.
Posted: 17 November 2006 | 15:17
The boss of London pub company Young’s has called on the Government to stop procrastinating over a start date for the smoking ban.
Posted: 16 November 2006 | 11:16
Sodexho has posted strong figures for 2006 that saw a 6.6% jump in worldwide turnover to €12.8b (£8.7b).
Posted: 16 November 2006 | 10:46
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