Finance

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FishWorks suffers losses due to 'challenge and change'

FishWorksA period of “challenge and change” has seen losses mount at fishmonger-cum-restaurant chain FishWorks.
Posted: 25 April 2008 | 11:49

Private equity firm buys Massive Pub Co

L'Auberge, CobhamPrivate equity company Bridgehouse Capital has snapped up 33 Massive Pub Company sites that were in administration for an estimated fee of £8m.
Posted: 24 April 2008 | 12:40

Food inflation hits school meals contract caterers

School meals caterers are warning that they cannot continue to bear rising food prices, but are reluctant to break the £2 price barrier. Chris Druce reports
Posted: 24 April 2008 | 11:43

Punch predicts a pick up in trade in the summer

Punch tavernsPunch Taverns has hailed the changing face of the pub market and predicted a pick up in trade this summer.
Posted: 24 April 2008 | 11:33

Hospitality staff expected to leave after 10p tax band hike

Hospitality operators have been warned that they could struggle to retain staff because of the controversial government plan to abolish the 10p income tax rate.
Posted: 21 April 2008 | 15:40

Food and Drink Group warns on performance

Henry J BeansHenry J Beans owner Food and Drink Group has issued a profit warning after tough trading in the past two months.
Posted: 18 April 2008 | 11:30

Punch Taverns rules itself out of Mitchells & Butlers acquistion

Punch logoPunch Taverns has terminated discussions with Mitchells & Butlers over a potential acquisition of its managed pub division Spirit.
Posted: 18 April 2008 | 10:55

Luminar Group sells 26 bars to Cavendish

nightclub drinkingLate-night club and bar operator Luminar Group has sold 26 bars for 19p each to Cavendish Bars trimming down its total estate to 90 sites.
Posted: 17 April 2008 | 12:33

A time now for clear planning

Ramón Pajares, former general manager, Four SeasonsHospitality operators must not be tempted to cut corners, despite increasing pressure on the bottom line, warns Master Innholder Ramón Pajares, former general manager, Four Seasons
Posted: 17 April 2008 | 00:00

Tchenguiz to sell M&B stake?

Robert TchenguizTycoon Robert Tchenguiz is in talks to sell some or all his 23% stake in pub group Mitchells & Butlers.
Posted: 16 April 2008 | 11:18

Massive Pub Company to be rescued in 'next couple of days'

people in the pubMassive Pub Company, which entered administration on 28 January, could be bought in the “next couple of days” under an exclusivity agreement with the administrators.
Posted: 15 April 2008 | 14:11

Ex-Compass chief buys foodservice companies

The former chief executive of Compass Group, Mike Bailey, has returned to the world of contract catering with the acquisition of a trio of US foodservice companies.
Posted: 14 April 2008 | 17:19

Interest rate cut to give ‘renewed confidence’ to hospitality property market

Cwrt Bleddyn Country House hotelProperty agent Christie & Co believes yesterday’s interest rate cut will give “renewed confidence” to buyers and sellers in the hotel, pub and restaurant sectors.
Posted: 11 April 2008 | 14:48

Cains pub company confident despite losses

Cains BreweryNorth-west brewer and pub operator Cains Beer Company is confident it can achieve profitable growth despite incurring a £2.8m loss after its reverse takeover of Honeycombe Leisure.
Posted: 10 April 2008 | 17:14

Regaining confidence - Cateys sponsor's opinion

Good-quality, well-located property will still be sought by a variety of buyers, says Chris day, international managing director at Christie + Co.
Posted: 10 April 2008 | 00:05

Prezzo restaurant expansion pays off

Prezzo restaurant group Prezzo’s expansion into the provinces from its London and south-east heartland has paid off with sales up 29% in 2007.
Posted: 09 April 2008 | 14:03

Mitchells & Butlers takes market share from rivals as food sales climb

Harvester and All Bar One owner Mitchells & Butlers (M&B) is taking market share from struggling rivals thanks to its offer of a "value and volume" dining experience, the pub group claimed today.
Posted: 09 April 2008 | 12:00

Rugby World Cup drives Sodexo sales in half year

rugby playerSodexo has seen strong sales growth in the UK and Ireland in the first half of its financial year thanks to its involvement in the 2007 Rugby World Cup.
Posted: 03 April 2008 | 15:37

Preparing for insolvency

If you are director of a company that is in financial difficulty, your focus must shift towards minimising the potential loss to the company's creditors. Solicitors Michael Fiddy and Jonathan Leitch explain
Posted: 03 April 2008 | 00:00

Carluccio’s avoids consumer slowdown in spending

Carluccio's in Hampstead, LondonItalian café-cum-restaurant chain Carluccio’s has continued to defy expectations of a drop off in consumer spending by boosting sales in the first three months of the year.
Posted: 02 April 2008 | 14:43

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5th September 2008