Finance

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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

Wetherspoons blames binge drinking scare stories for fall in profits

binge drinkingIncreased competition, rising costs and scare stories over binge drinking have all conspired to wipe 16% off pre-tax profits at pub operator JD Wetherspoon.
Posted: 02 September 2005 | 12:46

UK performance pegs back Hilton

Results flag, but worldwide figures help hotel division
Posted: 01 September 2005 | 00:00

Hilton experiences strong overseas performance

Hilton hotels logoHilton hotels in the UK faltered in the first six-months of the year, but a strong performance from its overseas properties helped counter the decline.
Posted: 25 August 2005 | 13:01

Hospitality staff face pension poverty

stack of coinsStaff working in the hotel, catering or restaurant sector face pension poverty compared with their peers in other industries, according to new research from insurance and asset management company AXA.
Posted: 09 August 2005 | 16:16

W&D completes refinancing

W&DB logoWolverhampton and Dudley Breweries (W&D) has refinanced £805m of existing debt by securitising it against 70% of its 2,000-plus pub estate.
Posted: 05 August 2005 | 10:27

Asia market contributes to Accor's sales

Accor logoFrench hotel group Accor has seen a 5% like-for-like increase in turnover in the first six months of this year, to €3.64b (£2.52b).
Posted: 01 August 2005 | 14:45

Hilton's sale of properties boosts income

Hilton hotels logoHilton Hotels operating income increased 31% in the second quarter to $246m (£139m), on turnover of $1.176b (£669m).
Posted: 01 August 2005 | 10:26

Honeycombe results for challenging year

Honeycombe Leisure admitted today that the past year has been the most challenging in its history, as fierce competition in the sector continued and the cost of red-tape and utilities soared.
Posted: 27 July 2005 | 11:21

Domino’s reports another strong performance

Domino's Pizza logoDomino’s Pizza has reiterated its commitment to open between 800 and 1,000 stores in the UK and Ireland, after another strong operating performance.
Posted: 25 July 2005 | 10:27

Pret a Manger makes first significant profit since 2000

Pret a MangerGourmet sandwich company Pret a Manger has reported its first return to substantial profit in four years.
Posted: 18 July 2005 | 13:41

Jurys receives new improved offer

Jurys Doyle logoPrecinct Investments, owner of Gresham hotels, yesterday improved its offer for the Jurys Doyle Hotel Group having being rebuffed twice before.
Posted: 14 July 2005 | 12:56

Wolverhampton & Dudley refinances debts of 805m

Wolverhampton and Dudley Breweries (W&D) is refinancing up to £805m of existing debt to simplify its balance sheet and free up cash for future purchases.
Posted: 14 July 2005 | 00:00

Center Parcs reports small rise in turnover

Center Parcs - cyclingCenter Parcs, the holiday village operator, reported a minimal rise in turnover for its first full-year of trading as a publicly listed company.
Posted: 13 July 2005 | 15:59

Consumer spending slowdown hurts Tootsies

Tootsies logoWeakening consumer spending has led to sales stagnation at burger chain Tootsies, according to owner’s Urban Dining.
Posted: 13 July 2005 | 12:14

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8th September 2008