Friday Wrap: A round-up of the week's hospitality news

STORY OF THE WEEK: Searcy edges closer to management buy out

The management team at exclusive contract caterer Searcy is close to completing a buyout of the business after weeks of sometimes fractious negotiations with current owner (AHG). 
 

MORE NEWS
Qataris eye up Savoy and Grosvenor House hotels
Koffmann reveals full details of restaurant at the Berkeley
Travelodge to quit BHA as Guy Parsons takes over
Austerity is good for caterers, says new Compass boss 
Tributes flood in for veteran food critic Egon Ronay
Bullying allegations lead to arrest at Harome's Star Inn
Campaigners condemn Gove's decision to stop expansion of free school meals scheme
Hospitality gives cautious welcome to £1b tourism fund pledge
Eleven leading London chefs to man mini restaurant on the London Eye
Sodexo wins £14.4m contract
Miso to sell three of ten sites
Costa claims victory in ad war with Starbucks
Fuller's fears alcohol duty hike could damage pub sector beyond repair
Prue Leith awarded a CBE in the Queen’s Birthday honours
Enquiries about pubs for sale rise by 35%
Bill's Produce to open first London café/grocer's store

EDITOR'S PICKS 
Video: Winners of 2010 Acorn Awards announced
Time is running out to enter the 2010 Hotel Cateys
Top chefs share techniques at Identità London
Flavours of June
Wanted: your views on traffic light food labelling systems 
 
 
QUOTE OF THE WEEK 
"It won't be easy with the limited resources we have, but I want to draw on all these lessons from other countries to produce the best tourism marketing plan that any Olympics host country has ever had"
Culture Secretary Jeremy Hunt announces a £1b marketing plan to promote the UK, without mentioning where he will find the funds