Finance

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Whitbread to axe jobs in a bid to streamline company

Whitbread logoHotel and leisure company Whitbread has slashed more than a quarter of head-office jobs in a bid to streamline its business, the company announced today.
Posted: 25 October 2005 | 11:02

Gondola Holdings to float

Pizza Express is set to re-float on the London Stock Market.
Posted: 21 October 2005 | 14:53

Refurbishment costs eat into Choice's profits

Choice Hotels, RomeChoice Hotels Europe’s (CHE) refurbishment programme, combined with increasing energy costs has eaten into the company’s profits, it said today.
Posted: 19 October 2005 | 13:20

Food sales boost Spirit Group

Spirit Group logoStrong food sales at pub operator Spirit Group helped push like-for-like sales in the fourth quarter up 3.9% year-on-year.
Posted: 19 October 2005 | 12:57

FishWorks boasts most productive year so far

FishWorks - IslingtonMitchell Tonks’s FishWorks restaurant chain has capped a successful year, which saw it listed on the Alternative Investment Market (AIM), with turnover and profit growth.
Posted: 19 October 2005 | 12:17

Heat's on Compass chief Bailey after poor figures

Compass Group chief executive Mike Bailey is under increasing pressure to step down immediately following the catering giant's third profit warning in 12 months.
Posted: 07 October 2005 | 10:20

Bishops Finger brewer posts a rise in profits

Robert and Jonathan NeameBishops Finger brewer and pub company Shepherd Neame has released solid full-year figures showing profit and turnover up.
Posted: 04 October 2005 | 12:36

Urban Dining confident Tootsies will boost trading

Tootsies restaurant logoUrban Dining has put its faith in the strength of the Tootsies restaurant brand to see it through challenging conditions caused by weak consumer spending.
Posted: 30 September 2005 | 12:01

Profits fall at Alpha

Airline caterer Alpha Airports has revealed a drop in profits despite a jump in turnover for the first six months of the year.
Posted: 29 September 2005 | 17:04

Targets might not be met, warns De Vere

De Vere Group logoDe Vere Group has said soaring energy costs and rising business rates has put its goal of a 10% return on capital over the next two years in jeopardy.
Posted: 29 September 2005 | 16:51

Malmaison group boosts profits for MWB

Boutique hotel chain owner Marylebone Warwick Balfour reported a 51.6% increase in underlying profitability from £15.9m last year to 24.1m in 2005.
Posted: 29 September 2005 | 00:00

The hidden dangers of perks

Offering perks like free food and accommodation to your employees could land you with a hefty bill from the taxman. Gillian Wrigley, a partner in the tax department at chartered accountant French Duncan, offers some advice
Posted: 29 September 2005 | 00:00

Honeycombe finds high street tough but management contracts profitable

Last Orders pub, BlackpoolFierce competition on the high street has hit North-east bar and hotel operator Honeycombe Leisure’s sales in the year to date.
Posted: 28 September 2005 | 17:18

Coffee Republic sees sales fall due to restructuring

Coffee Republic logoIndependent Coffee Republic has opted to go down the franchising route to grow its transformed business.
Posted: 27 September 2005 | 15:19

Mitchells & Butlers reports a rise in sales

Mitchells & Butlers logoPub operator Mitchells & Butlers (M&B) said strong trading in the 19 weeks to 17 September helped push sales up 4.7%.
Posted: 27 September 2005 | 12:26

Friday Wrap: 23 September 2005

Two weeks ago sources were insisting that it wasn’t for sale, this week it’s been flogged for £60m.
Posted: 23 September 2005 | 00:00

Living over the shop

If you're a restaurateur living above the premises you may receive some unwelcome attention from the taxman. Gillian Wrigley, a partner in the tax department at chartered accountant French Duncan, offers some tips
Posted: 22 September 2005 | 00:00

Luminar reduces debt by more than £30m

Chicago Rock Café, exteriorDisposals of underperforming assets and improved operating cash flow helped nightclub operator Luminar reduce debt to £140.4m during the six months to 31 August 2005.
Posted: 15 September 2005 | 11:21

Hotel sales boosts InterConti profits

InterContinental, ParisInterContinental Hotels Group (IHG) has put £600m worth of hotels on the market, after announcing a strong financial performance for the first half of year.
Posted: 08 September 2005 | 11:35

Punch Taverns report slow sales

Punch Taverns logoSales at pub giant Punch Taverns slowed in the year to 20 August.
Posted: 08 September 2005 | 10:54

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30th August 2008