Finance

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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

Technology: Accountancy systems for hotels and restaurants

Hotels and restaurants that have been managing their finances on paper or on different spreadsheets could become more efficient by introducing a proper accounting system.
Posted: 13 March 2006 | 10:27

Confusion remains after further tronc revisions

CHOT 090306Guidelines governing the notoriously complicated tronc regulations have changed yet again after HM Revenue & Customs admitted its previous position was wrong. But will it end there? Rosalind Mullen reports
Posted: 09 March 2006 | 00:00

The Restaurant Group posts strong results for 2005

The Restaurant Group logoThe Restaurant Group (TRG) has said farewell to the high-street in a bid to consolidate the lucrative residential and leisure dinning markets.
Posted: 08 March 2006 | 12:41

Hard Rock's profits jump by almost 25%

Hard Rock Cafe logoHard Rock’s annual operating profit jumped by almost a quarter in 2005, thanks to a reinvigorated food offer and healthy merchandise sales at its restaurants.
Posted: 03 March 2006 | 17:31

VAT when acquiring premises

Taking over a restaurant that is in receivership can be a taxing time if you haven't considered the VAT implications of the deal, says Adrian Houstoun
Posted: 02 March 2006 | 00:00

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11th October 2008