Finance
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The Real Hotel Company’s (RHC) chief executive has insisted the group will continue with its expansion plans, despite the company’s shock share-value plunge last week.
Posted: 21 July 2008 | 09:00
Food and Drink Group (FDG), the embattled owner of Jamies wine bars and Henry J Beans, is reportedly set to call in the administrators after losing its battle for survival.
Posted: 18 July 2008 | 11:14
The future of some of the UK’s most high profile hospitality operations, including The Wolseley, has been thrown into doubt after investment giant Dawnay Day launched an emergency review of its businesses.
Posted: 14 July 2008 | 14:27
A round-up of the weekend's news affecting the hospitality industry. News includes:Pubs and clubs to search customers for knives; chefs cut back on pricey ingredients; Regent Inns bankers seek restructuring specialist
Posted: 14 July 2008 | 11:22
Coronation Street landlady Bev Callard has seen her real-life pub and bar business BJ Leisure placed in administration with debts of more than £218,000.
Posted: 07 July 2008 | 11:31
In a shock move Andrew Knight, managing director of Spirit – Punch Taverns' managed division – has quit the business.
Posted: 07 July 2008 | 11:20
Embattled fish restaurant chain FishWorks today announced that Mitch Tonks, its founder and former chief executive, will step down as director with immediate effect.
Posted: 04 July 2008 | 16:38
The cost of running a pub has risen to 53% of total turnover, as staff wages and premises costs continue to escalate, research revealed today.
Posted: 04 July 2008 | 14:57
Brewer and pub operator Adnams has warned trading conditions for UK tenanted pubs have “deteriorated significantly” since April.
Posted: 01 July 2008 | 12:26
London restaurateur Alan Yau has secured private equity investment of £21.5m to transform his Busaba Eathai restaurant into a chain.
Posted: 01 July 2008 | 07:15
InterContinental Hotels Group (IHG) has signed an agreement to open two new hotels in Istanbul, including Turkey’s first Holiday Inn Express. IHG signed a 20-year management contract with Turkish real estate country ORA Istanbul Real Estate...
Posted: 30 June 2008 | 11:00
Devon-based pub company Heavitree has warned that it will post a loss of £790,000 for the six months ending 30 April.
Posted: 30 June 2008 | 09:00
Regent Inns has ended talks to sell the business, shaken up its senior management team and announced a cost-cutting plan.
Posted: 26 June 2008 | 13:48
Punch Taverns, Britain’s largest pub group, has reached a compromise with HM Revenue & Customs (HMRC) that would see it convert into a real estate investment trust (REIT) while retaining ownership of all its businesses, including managed division Spirit.
Posted: 24 June 2008 | 18:16
Restaurant group D&D London has defied the effects of the credit crunch and reported strong financial results for the year to 31 March.
Posted: 23 June 2008 | 12:08
Shares in struggling bar operator Food and Drink Group have been suspended as discussions over securing its future continue.
Posted: 18 June 2008 | 13:07
Premium Bars and Restaurants today warned that full-year earnings will be lower than forecast due to falling levels of consumer spending.
Posted: 17 June 2008 | 11:28
Premier Inn owner Whitbread has hailed a positive start to the year with sales up across the board.
Posted: 17 June 2008 | 10:54
London restaurant company Moti Mahal has secured private equity investment of more than £25m and plans to expand its business across the capital
Posted: 12 June 2008 | 07:00
Pubs’n’Bars, the operator of 106 community pubs, today revealed that it increased sales during the first six months of the smoking ban, confounding predictions of a malaise in the sector.
Posted: 06 June 2008 | 14:33
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