Finance
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Brulines Group has seen its pre-tax profit fall by 12.5% from £2.2m to £1.9m for the six months to 25 September, despite an 11.3% increase on turnover to £9.9m. The firm, which provides flow-monitoring services to most of the major pub companies as well as to petrol station forecourts...
Posted: 01 December 2009 | 17:00
Greene King is to buy seven pubs in Scotland from Mitchells & Butlers (M&B) for £12.7m. The company said that the move would be funded by a rights issue and is expected to complete on 8 December 2009.
The pubs will be managed under the Suffolk-based brewer’s Belhaven brewery arm...
Posted: 01 December 2009 | 16:00
Pubs group Mitchells & Butlers (M&B) is to submit evidence to the City takeovers watchdog that some of its biggest shareholders are trying to seize control of the firm. The company, which owns the All Bar One and O'Neill's brands, said that Piedmont Inc, the investment vehicle owned by ...
Posted: 30 November 2009 | 10:32
Story of the week: Gordon Ramsay's annus horribilis continued as the fiery chef endured another bad week with four of his companies dragged through the courts by the Inland Revenue and threatened with receivership. Better news for top chefs came in the form of the Michelin guide...
Posted: 27 November 2009 | 14:39
Isabelle Davis, marketing manager at 3663 First for Foodservice, shares her top tips for communicating your Christmas offer to customers:
Posted: 27 November 2009 | 00:00
Pub firm Mitchells & Butlers has hailed a "robust" performance in 2009, despite seeing its pre-tax profit fall by almost 24% to £134m. Revenue at the company, which counts All Bar One, O'Neill's and Scream among its brands, was up to £1.96b for the year to 26 September 2009...
Posted: 26 November 2009 | 10:39
Two of Gordon Ramsay’s companies have been given weeks to settle their accounts or face being put into receivership, Caterer has learned. Four of the celebrity chef’s companies were taken to court today and faced winding-up petitions from the Inland Revenue & Customs.
Posted: 25 November 2009 | 15:37
Contract catering giant Compass Group has warned that it is unlikely to see a return to sales growth in the coming year as the global economic downturn continues to affect corporate hospitality. Compass, which operates across 55 countries and holds UK contracts with the Bank of England ...
Posted: 25 November 2009 | 14:00
A round-up of the weekend's news affecting the hospitality industry. News includes: Compass’s Lloyds win from Aramark worth £100m; Delia Smith awarded CBE by Prince of Wales; Soho House delivers 19% boost to annual profits; staff stay on to rebuild Mumbai hotel attacked by terrorists...
Posted: 23 November 2009 | 10:25
London Pride brewer and pub operator Fuller, Smith and Turner has reported strong results despite the recession. The group reported an increase in interim pre-tax profit of 18% for the 26 weeks up to 26 September 2009 to £14.1m, compared with £12m in 2008.
Posted: 20 November 2009 | 17:40
Restaurant failures up by 25%; recruitment freezes start to thaw; and apprenticeship recognition.
Posted: 20 November 2009 | 15:57
Story of the week: Mark Sargeant, Gordon Ramsay’s right-hand man and former head chef at his Michelin-starred restaurant at Claridge’s, has resigned from the celebrity chef’s restaurant group. Recommendations that all Scottish primary school children should be given free meals...
Posted: 20 November 2009 | 15:44
Caterer and Hotelkeeper invited a number of leading figures from the worlds of hotels and finance to a round table discussion on funding, held at the London offices of Lloyds Banking Group, which sponsored the event. Daniel Thomas reports.
Posted: 20 November 2009 | 12:39
South-east pub group Young’s has reported a “good performance” for the first six months of the financial year despite the recession and a rise in rates. The group, which reported profit slumps of 63% in May, saw an increase in revenue of 1.5% to £67.2m for the 26 weeks to 26 September.
Posted: 19 November 2009 | 11:23
Frankies and Benny’s owner The Restaurant Group (TRG) has reported a 3% fall in like-for-like sales during the 46 weeks of 2009. In an interim trading update, the group blamed the slide on rising levels of unemployment, tight credit markets and high levels of household debt.
Posted: 18 November 2009 | 17:00
Pub operator Enterprise Inns has delivered what it describes as “creditable results” for a “testing year” that has forced it to provide “unprecedented” levels of support to help its licensees survive. Chief executive Ted Tuppen said weak consumer spending, rising overheads and tariffs and aggressive ...
Posted: 17 November 2009 | 11:58
A round-up of the weekend's news affecting the hospitality industry. News includes: Scottish Government advised to give free school dinners to all primary pupils; Lloyds to take over Admiral Group in £600m debt-for-equity swap; cookery schools in demand among city professionals and more…
Posted: 16 November 2009 | 10:29
The financial controller of a major Midlands catering firm defrauded the company out of £41,000 at a time when it was in financial difficulties, a court heard. Paul Thompson , 49, from Coventry, who worked for Hopkinson Catering of Leamington Spa,
Posted: 16 November 2009 | 09:43
Story of the week: Jonathan Raggett became the latest captain of industry to take the prestigious Hotelier of the Year title at the 2009 Hotel Cateys, which took place at the Lancaster London hotel last Friday, while fellow Hotel Cateys winner, the Michelin-starred chef Kenny Atkinson...
Posted: 13 November 2009 | 17:16
The rate of restaurant insolvencies has risen 25% over the last nine months and, in the run-up to Christmas, the industry could be facing its quietest festive season since the 90s, says PricewaterhouseCoopers. Quarter one of 2009 saw a record number of restaurant businesses fail...
Posted: 12 November 2009 | 15:53
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