Finance

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Geronimo Inns attracts new funding to accelerate growth of business

Rupert ClevelyFood-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

Gales acquisition boosts Fuller’s profits

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

Hotel market not in danger of meltdown, say pundits

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

FishWorks revises down profit forecast as new stores underperform

FishWorks logoSeafood 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 suffers profits dip

StarbucksStarbucks 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 criticised for 'aggressive' approach to restaurant spot checks

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

Young’s boss calls for Government to publish smoking ban start date

Youngs logoThe 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 reports a 6.6% rise in turnover

Sodexho logoSodexho 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

Israeli property company Delek to buy 47 RBS hotels

Israeli property group Delek Real Estate is in talks to buy 47 Marriott hotel properties from the Royal Bank of Scotland (RBS).
Posted: 16 November 2006 | 09:50

Dawnay Shore Hotels looks at REIT move

Dawnay Shore Hotels (DSH) has become the first UK hospitality business to publicly announce that it's considering transferring its assets into a Real Estate Investment Fund (REIT).
Posted: 16 November 2006 | 00:00

InterContinental remains on target to add 10,000 rooms in 2006

InterContinental logoInterContinental Hotels Group (IHG) remains on target to add 10,000 rooms to its portfolio by the end of the year, with steady international growth in recent months.
Posted: 14 November 2006 | 10:35

Sandwich chain Benugo to float

An upmarket sandwich chain, which has catering contracts with some of the UK’s largest investment banks, is preparing to float on the Alternative Investment Market (AIM).
Posted: 13 November 2006 | 13:20

Dawnay Shore appoints financial advisers to oversee strategic review

Lygon Arms hotelDawnay Shore Hotels has appointed financial advisers to undertake a strategic review of the company’s business.
Posted: 13 November 2006 | 09:43

Claudio Pulze steps in to rescue struggling W'Sens

Veteran London restaurateur Claudio Pulze has rescued struggling French restaurant W'Sens from administration, Caterer has learnt.
Posted: 10 November 2006 | 08:30

'Unsustainable' plans threat to hotel market

The hotel market is in danger of overheating because of "unsustainable" and "ludicrous" loan rates and business plans, industry experts have warned.
Posted: 09 November 2006 | 17:38

Provence Commercial Properties is forced to call in the receivers

Pub company Provence Commercial Properties (PCP) has called in the administrators after racking up substantial financial losses.
Posted: 09 November 2006 | 00:00

How can we generate extra revenue streams from our restaurant?

We run a successful 100-cover restaurant and want to generate extra revenue streams, possibly a deli or outside catering operation. Any advice?
Posted: 09 November 2006 | 00:00

Millennium & Copthorne Hotels records strong third quarter performance

Millenium Copthorne, SingaporeMillennium & Copthorne Hotels (M&C) said good performances at its properties in London, New York and Singapore helped it achieve a strong set of third-quarter results.
Posted: 07 November 2006 | 12:42

Gordon Ramsay to spend £10m on new restaurants... For more hospitality stories, see what the weekend papers say

weekend papersA round-up of the weekend's news affecting the hospitality industry. News includes: Starwood stalking Whitbread; Copthorne profits jump; Jamie Oliver declars £5.9m earnings and more....
Posted: 06 November 2006 | 09:38

Strong European performance boosts growth for Orient-Express

Orient Express Hotels logoA strong performance in Europe has helped Orient-Express Hotels boost third-quarter turnover and profit.
Posted: 02 November 2006 | 12:30

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12th October 2008