Finance
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A strong performance at its City of London property helped Apex Hotels deliver strong growth last year, the Scottish hotel group said today.
Posted: 10 September 2007 | 11:58
JD Wetherspoon has delivered record results as the UK’s smoking ban failed to dent profits, the pub operator said today.
Posted: 07 September 2007 | 12:50
The smoking ban has had no “significant impact” on Punch Taverns’ performance but the poor summer’s weather means full-year profits are likely to be down, the pub giant said today.
Posted: 06 September 2007 | 12:10
Whitbread’s turnaround of its restaurant division has continued, while Costa and Premier Inn carried on buoyant sales growth fuelled by new openings, the company said today.
Posted: 29 August 2007 | 13:01
Tragus chief executive Graham Turner has confirmed to Caterer that a stock market flotation remains an option for the Café Rouge and Strada owner as it prepares for life outside of private equity backers Blackstone.
Posted: 28 August 2007 | 11:53
A round-up of the weekend's news affecting the hospitality industry. News includes: One Aldwych overpays kitchen porter by £8,000; Whitbread shareholders in £900m windfall; Edinburgh hotel in final of global quality award and more...
Posted: 28 August 2007 | 10:32
"Too good to be true" is what was said of the Swallow Group's rapid expansion. A year after its collapse into insolvency, Andy Williamson looks at what was salvaged, and built, from the wreckage
Posted: 23 August 2007 | 00:00
Sir David Michels has joined the board of US hotel owner and real estate investment trust (REIT) Strategic Hotels and Resorts in a specially created consultancy position of senior European strategist.
Posted: 22 August 2007 | 10:39
Start-up rural pub group Heartstone Inns has secured £3m of private equity funding to aid it in meeting its target of up to 30 food-led pubs in the South and South-west of England.
Posted: 17 August 2007 | 13:50
InterContinental Hotels Group (IHG) is confident it will exceed its three-and-a-half year target of opening 50,000 to 60,000 net new rooms by 2008, the company said today.
Posted: 14 August 2007 | 11:30
Private equity firms are buying up significant chunks of the hospitality industry worldwide. Is this a good thing, or should we be worried? Nic Paton reports
Posted: 02 August 2007 | 00:00
Hilton Hotels Corporation today said its £10b acquisition by private equity firm Blackstone was “on track” as it unveiled a 15% rise in profit for the second quarter.
Posted: 31 July 2007 | 16:25
The resurgence of Macdonald Hotels has continued apace with steady growth at the group and a significant reduction in debt.
Posted: 31 July 2007 | 15:02
Many hospitality businesses that handle credit card payments are risking fines because they have not made their IT systems compliant with new security standards, experts have warned.
Posted: 26 July 2007 | 00:00
Hotels consortium Best Western has demanded that the Treasury scraps plans to remove the Industrial Building Allowance (IBA) after a survey of its 292 member hotels revealed they will have to pay an extra £80m in tax.
Posted: 25 July 2007 | 16:19
Cains Beer Company, which was formed from the merger of operator Honeycombe Leisure and Robert Cain & Company, is on course to complete the merger of the two companies by next month.
Posted: 25 July 2007 | 11:30
Acquisitive Admiral Taverns has revealed a £1b war-chest for “acquisitions and development of the business” after completing refinancing negotiations.
Posted: 24 July 2007 | 12:38
The Government has been urged to give hospitality businesses hit by the flooding a six-month moratorium on National Insurance and VAT payments.
Posted: 24 July 2007 | 11:19
The poor weather, new product launches and hungry football fans have all helped Domino’s Pizza deliver an “excellent” first half of the year.
Posted: 23 July 2007 | 12:15
Sales in the budget hotel sector broke the £1b barrier for the first time last year, research released today (Thursday) will reveal.
Posted: 19 July 2007 | 07:00
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