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Punch set to make £500m... For more hospitality stories, see what the weekend papers say

weekend papersIrish pub chain report big losses; Tchenguiz continues to fight for M&B; Slow sales for McDonald's in UK; Taxman targets hospitality; Compass to move into support services...
Posted: 18 April 2006 | 10:21

Trading soars at restaurant group Prezzo

Profits at pizza pasta restaurant group Prezzo have soared in its third year of trading, propelling it into the top 50 companies on the Alternative Investment Market..
Posted: 13 April 2006 | 10:35

The truth about tronc

HM Revenue & Customs is a sore loser, so its enforced climb-down from its position on the taxability of tronc payments could trigger a future backlash. For now, though, there's a rare chance for businesses to win back some ground - and even some money. Peter Davies clarifies the current situation
Posted: 13 April 2006 | 00:00

Choice Hotels to be more 'aggressive' in the market

Sleep Inn logoCHE Hotel Group says it is now ready to transform itself from a “defensive survivor” into a “more aggressive” force in the market.
Posted: 11 April 2006 | 15:59

Peel Hotels reports a 'disappointing' year

A dramatic slowdown in sales during its final quarter and rising costs, meant last year was “disappointing” for Peel Hotels.
Posted: 07 April 2006 | 14:23

Marco Pierre White's old company goes bust owing £3.6m

A company set up in 1995 by Marco Pierre White and Jimmy Lahoud has gone into voluntary liquidation with debts of £3.6m.
Posted: 07 April 2006 | 10:48

£100m boost for Queens Moat Houses

Salvaged hotel group QMH is planning a £100m refurbishment programme to reignite the company's fortunes.
Posted: 06 April 2006 | 00:00

Greene King to pay off £25m bond to simplify debt

Greene King - beer pumpsPub Company Greene King is to simplify its debt structure by paying off a £25m bond.
Posted: 05 April 2006 | 14:52

Gourmet Holdings suffers setback after London terror attacks

Bel and the Dragon - WindsorRestaurant company Gourmet Holdings suffered a set-back in the first half of its financial year as customers stayed away from its Richoux restaurants after July’s London terror attacks.
Posted: 31 March 2006 | 15:35

Enterprise Inn confident it will meet targets despite weak consumer spending

Pub operator Enterprise Inns is trading well despite weak consumer spending and increasing legislative pressure and costs on its licensees.
Posted: 31 March 2006 | 10:38

London hotels achieve glowing figures in February

housekeepingLondon hotels staved off the winter chill in February with a rosy 8.5% boost to revenue per available room (revpar), according to preliminary figures from PKF.
Posted: 30 March 2006 | 11:02

Budget offers more cash for training

Last week's Budget was a cautious one, but there were things for hospitality operators to take note of. Emily Manson and Chris Druce report
Posted: 30 March 2006 | 00:00

Investors give hotels less time

Jones Lang LaSalle logoEquity firms have slashed the length of time they invest in hotel properties by up to half, a new study has found.
Posted: 28 March 2006 | 11:24

Tipping and Tax

Any hospitality business owner will know that the area of tips and tax, National Insurance Contributions (NICs) and National Minimum Wage (NMW) is a minefield.
Posted: 23 March 2006 | 18:34

Experts welcome Budgets changes to REITs

coinsReal estate investment trusts (REITs) became a more viable tool for investors following yesterday’s Budget.
Posted: 23 March 2006 | 11:54

What is a REIT?

coinsA Real Estate Investment Trust is a tax efficient investment vehicle which allows individuals to invest in property listed on the stock exchange.
Posted: 23 March 2006 | 11:52

Chancellor Gordon Brown to deliver budget

Gordon BrownHospitality operators will find out after midday what Chancellor of the Exchequer Gordon Brown’s 10th UK Budget has in store for them.
Posted: 22 March 2006 | 11:31

Sales tumble at Luminar entertainment division

Chicago rock café - exteriorLike-for-like-sales at Luminar’s entertainment division, which contains the Chicago Rock Café chain, have nosedived 6.2%.
Posted: 22 March 2006 | 10:28

Worldwide briefing

World newsEssential news from around the world, including: Golden Tulip takes over five German and Austrian hotels; Oberoi names new GM for Bali; Mandarin Oriental San Franciso to undergo refurbishment; Maroma Resort reopens in Mexico...
Posted: 17 March 2006 | 16:12

Gondola credits back-to-basics approach for increased sales

PizzaExpressGondola Holdings has credited a disciplined opening strategy and back-to-basics approach to ingredients for its continued growth.
Posted: 16 March 2006 | 11:49

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29th August 2008