Finance

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Choice Hotels Europe appoints new chief executive

Choice Hotels, RomeChoice Hotels Europe (CHE) – owner of the Comfort Inn and Sleep Inn brands - has appointed Michael Prager as its new chief executive.
Posted: 20 September 2006 | 16:44

Malmison and Hotel du Vin return to profit

MalmaisonMalmaison and Hotel du Vin have retuned to profit in the six months to June, thanks to improving market conditions and tighter cost controls.
Posted: 20 September 2006 | 10:53

Alpha Airports rebuilds its executive team

Alpha logoAlpha Airports, which had its shares temporarily suspended from the London Stock Exchange early this year, has made two senior appointments as it looks to rebuild its executive team.
Posted: 15 September 2006 | 14:43

The Restaurant Group enjoys strong start to year

The Restaurant Group logoFrankie & Benny’s owner The Restaurant Group (TRG) has made a “buoyant” start to the year.
Posted: 13 September 2006 | 10:21

Prezzo soars on strong first half performance

Prezzo restaurant, CambridgePizza and pasta chain Prezzo has made a strong start to the year with pre-tax profit up 40% to £3.1m.
Posted: 12 September 2006 | 12:23

Why private companies go public - and back again

A number of hospitality businesses have jumped between private and public ownership in recent years. Tom Bill investigates who the real beneficiaries are
Posted: 07 September 2006 | 00:00

Conran Holdings management buyout looks imminent

A management buyout of Conran Holdings is on the verge of being agreed, following the repayment of a £20m loan to founder Sir Terence Conran.
Posted: 07 September 2006 | 00:00

Pizza Express owner Gondola receives approach from mystery suitor

Pizza ExpressPizza Express owner Gondola Holdings has received an approach regarding a possible offer for the group, which values its shares at 415p each.
Posted: 06 September 2006 | 16:50

Mitchells & Butlers's shareholders pocket £519m after refinancing deal

Mitchells & Butlers logoShareholders in Mitchells & Butlers have raised their glasses as the owner of All Bar One, Harvester and Vintage Inns has announced it is returning £519m to them after agreeing a refinancing deal.
Posted: 05 September 2006 | 12:28

Greene King reports better than expected sales at Scottish pubs since smoking ban

Greene King beer pumpsPub company Greene King has reported a lower than expected fall in overall sales at Scottish pubs since the start of the smoking ban in March.
Posted: 01 September 2006 | 15:15

Whitbread’s TGI Friday’s and pub restaurants suffer weak start to year

Whitbread logoWhitbread’s pub and high-street restaurant chains have started the year poorly, with TGI Friday’s fairing particularly badly.
Posted: 31 August 2006 | 11:43

Is outsourcing my finance functions a sensible option?

I am the chef-proprietor of a large restaurant and am struggling to keep on top of book-keeping and general administration. Is outsourcing my finance functions a sensible option?
Posted: 31 August 2006 | 00:00

Jamie Oliver effect hurts catering profits at Rentokil Initial

Rentokil InitialThe Jamie Oliver effect wiped a third off catering profits at Rentokil Initial in the second half of 2006 as school meal uptake continued to fall.
Posted: 24 August 2006 | 12:16

Gordon Ramsay tops chef rich list

Gordon RamsayGordon Ramsay has topped a list of Britain’s richest chefs, released by The Independent.
Posted: 22 August 2006 | 15:02

InterContinental enjoys strong first half

InterContinentalInterContinental Hotel Group has toasted a strong start to the year with turnover from continuing operations up 15.9% to £394m in the six months to 30 June (2005: £340m).
Posted: 22 August 2006 | 13:02

Four Seasons blames foreign exchange loss for drop in earnings

Four Seasons, WhistlerFour Seasons Hotels and Resorts has blamed foreign exchange losses for a 42% drop in its net earnings during the second quarter of 2006, compared with the same period last year.
Posted: 16 August 2006 | 11:19

Banyan Tree in recovery after Asian tsunami

Luxury hotel resort operator Banyan Tree Holdings’ second quarter results reflect a recovery in Singapore’s tourist trade following the Asian tsunami.
Posted: 14 August 2006 | 17:04

Difficulties over cash-flow

Don't ignore calls from the bank manager when cash-flow problems arise, Chris Lane, partner at chartered accountants Kingston Smith, advises
Posted: 10 August 2006 | 00:00

Cold drinks to blame for Starbucks weak sales

starbucksHigher than expected demand for cold drinks such as Frappuccino have been blamed for Starbuck’s weakest monthly same-store sales rise in four and a half years.
Posted: 09 August 2006 | 10:34

Greggs set to reorganise Bakers Oven after flat demand

Greggs, the sandwich shop and bakery chain, is reorganising its Bakers Oven division after being further hit by flat demand and soaring costs.
Posted: 08 August 2006 | 15:15

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22nd August 2008