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

STORY OF THE WEEK: Catering bosses question Olympic contract profits

"Ego and PR" are the only reasons to cater at the London 2012 Olympics, according to contract caterers who question the profitability of the games as the two-year countdown to the start of the Olympics begins.  

MORE NEWS
 
Nando's in bid for Clapham House?
Eating-out report warns of long-term effect of recession
Merchant Inns report found 'simplistic' forecasts and 'weak' control
The Goose in Britwell Salome to close permanently
Carlson buys TGI Friday's UK from AAC
Barclay brothers sell 10% stake in IHG
Caterers bid for £10.4m Cisco business
Compass reports a fall in revenue in third quarter
Center Parcs to open more luxury accommodation
Government plans licensing law shake-up
Nando's loses £23m in 36 weeks
Restaurateur fined £30,000 after mouse is found swimming in sweet and sour
Businesses sought for new series of The Hotel Inspector
Lancashire restaurants caught out on menu claims
Orchid to refurbish 13 Living Room sites 
 

EDITOR'S PICKS 
Raymond Blanc: I've Got a Beef with Kobe
Table Talk: How common are misleading menus / misleading food descriptions?
Table Talk: Calories on restaurant menus
Last chance to win a Lincat Refrigerated Display Showcase worth £1,500
Regent launches cookery school with Michelin-starred chefs 
 

QUOTE OF THE WEEK 
"You were found guilty by a jury of this elaborate and outrageous scam, purporting to see the Ritz hotel, thereby obtaining £1m from your victim"
Judge Stephen Robbins sentences Anthony Lee, who claimed to be selling the iconic London hotel for £250m, to five years in prison