Finance
Pages ...40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | Previous | Next Bad year as business failures soarMore hotels and restaurants failed last year than at any other time in the past five years, according to the latest figures from Companies House. Pub owners urged to add bedroomsPub owners are being urged to diversify from pints and ploughman's into bedrooms after a new survey revealed that operators in the South-east are losing out on £27m of potential business each year. Pub openings boost BarracudaManaged pub group Barracuda has seen turnover at its 153-strong estate increase 15% to £46.3m (£40.4m) in its interim results. Center Parcs seeks listing on Stock ExchangeLeisure group Center Parcs wants to list its shares on the London Stock Exchange by the end of the financial year. Sales looking up at Chez Gérard owner
Hotel group to raise £5m for developmentCHE Group, operator and master franchisor of the Comfort, Sleep, Quality and Clarion hotel brands in Europe, is to raise more than £5m for development. Tiger Tiger sees sales roar in CityTiger Tiger bar operator Urbium said in a pre-close statement that its like-for-like sales were up by 5% for the six months to 27 June 2004. UK division trailing as Sodexho raises sightsFrench catering company Sodexho Alliance has lifted its global sales target for the financial year to the end of August 2004 to an increase of nearly 4%. Congestion charge to blame for takings fallLondon's congestion charge is damaging the city's restaurant business, according to a major new survey. Some 78% of restaurant operators questioned by the London Chamber of Commerce (LCC), whose properties are within or on the edge of the charging zone, said that their customer numbers had fallen since the charge was introduced in February 2003. Almost 54% said that the £5-a-day charge was "all" or "mostly" to blame. Colin Stanbridge, chief executive of the LCC, said: "The decline in takings is disturbing because it comes at a time when the sector should have been emerging from the economic downturn in the early part of 2003. "Clearly, restaurateurs across the capital believe that the congestion charge in its current form is making life difficult for their businesses. These findings will understandably alarm many business people who run restaurants in the proposed extension area in Kensington and Chelsea." The British Hospitality Association (BHA) als Luminar sales slip in volatile late marketLuminar, operator of the Chicago Rock Café chain, said that its sales in June were down due to the "volatile" late-night market. Like-for-like sales for the month were 4% lower than those a year earlier, although the dip was partly offset by an improvement in margins. Like-for-like sales continue to fall at Regent InnsLike-for-like sales continued to decline at Regent Inns, despite a double-digit boost during the Euro 2004 football championships. Tragus secures funds for expansion driveOwner of the Café Rouge and Bella Italia chains, Tragus Holdings, is on the acquisition trail after securing a further £13.5m of financing. Center Parcs announces ‘robust’ first results as a public companyShort-break holiday village operator Center Parcs today published its first results as a publicly quoted company. Business grows at Young & Co’s in spite of Euro 2004Young & Co’s Brewery is the latest pub company to report that the Euro 2004 football tournament failed to boost its business. Reduced demand from caterers hits sales at BookerA shortfall in demand from caterers was blamed for a fall in like-for-like sales at food supplier Booker in the 13 weeks to 2 July. Congestion charge eats into restaurant profitsLondon’s congestion charge has had a severe impact on restaurants in or close to the charge zone, and 20% are considering closing their businesses as a result, claims a new report by the London Chamber of Commerce. Euro 2004 depresses like-for-like sales at WetherspoonThe Euro 2004 football tournament put the damper on like-for-like sales at pub chain JD Wetherspoon over the 11 weeks to 11 July. Brewery and leased pubs help Greene King lift profit by 10%Greene King has toasted another year of record profit, thanks to strong performances from its brewing and leased pub businesses. La Tasca plans launch of new brandTapas chain La Tasca is considering the launch of a second stand-alone brand after delivering buoyant full-year results. Slow sale of Luxury Family group delays Alias growthLHM has delayed the expansion of its Alias Hotels business following a setback in selling off its Luxury Family Hotels (LFH) properties. Pages ...40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | Previous | Next |
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