Finance
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Sodexo, the world’s second largest contract caterer, saw UK and Ireland revenue fall by 3% in its last financial year. Unveiling results for the 12 months to August 31, the French-owned company said revenue for UK and Ireland was down to €1.3b (£1.15b).
However, stripping out the effect ...
Posted: 10 November 2009 | 14:42
Oliver's iPhone cooking app tops the charts; Travelodge backs campaign to cut tourism VAT to 5%; Gordon Ramsay slams chains for ‘wiping out’ independents; Sir John Ritblat expected to buy back Merchant Inns; Pret a Manger faces inquiry over frozen foods labelled as fresh and more...
Posted: 09 November 2009 | 11:14
Hospitality businesses are wasting more than £6.4b per year by overlooking simple money-saving actions, according to a new campaign launched today by the Department for Environment, Food & Rural Affairs (Defra). Defra is urging the catering and hospitality trade to reap the financial benefits ...
Posted: 04 November 2009 | 13:00
VisitScotland has denied any wrongdoing by its chairman Peter Lederer after it emerged that the organisation paid nearly £234,000 to resort hotel Gleneagles where he was managing director. Newspaper the Herald Scotland has alleged that VisitScotland’s priorities ...
Posted: 03 November 2009 | 11:00
New financial intermediary service; and insolvency figures.
Posted: 30 October 2009 | 20:20
The newly-formed company that rescued 60 former Regent Inns sites from administration last week has signed a licensing agreement allowing it continue running 10 comedy clubs under the Jongleurs brand.
Regent Inns, which operated sites running under the Walkabout, Old Orleans and Jongleurs...
Posted: 30 October 2009 | 13:30
Hotel operator Rezidor has warned that the difficult business climate is likely to continue in the short-term after it posted losses of €6m (£5.35m) for the third quarter of 2009. The company - which operates Radisson SAS Hotels and Resorts, Regent Hotels and Resorts, Park Inn and Country Inns ...
Posted: 30 October 2009 | 12:37
The Globe Pub Company is on the brink of being placed into administrative receivership, it was reported last night. The group, which was created four years ago when Robert Tchenguiz’s investment vehicle R20 bought 360 pubs from the Spirit group for £345m...
Posted: 29 October 2009 | 10:35
The British Beer & Pub Association (BBPA) has insisted that its new code of practice for pub companies has the backing of key stakeholders, despite opposition from some parts of the industry.
The code of practice calls on pubcos to: show transparency in regards to beer prices...
Posted: 26 October 2009 | 17:15
Celebrity chef Gordon Ramsay has parted company with the chief financial officer of his multi-Michelin-starred restaurant group. Mystery surrounds the departure of Nick Fletcher, who is understood to have left Gordon Ramsay Holdings (GRH) earlier this summer.
Posted: 26 October 2009 | 14:42
A round-up of the weekend's news affecting the hospitality industry. News includes: Savoy-trained chef plans chain of green, ethical restaurants; food chief to join rival; Sir Rocco Forte in restructure talks with bank; Lebanese chefs break hummus record in food war with Israel and more...
Posted: 26 October 2009 | 10:05
Heston Blumenthal's revamp of Little Chef will be analysed in a new Channel 4 programme next week. The three Michelin-starred chef was given a budget of £350,000 and six months to create a new menu and interior at the struggling roadside restaurant chain last year
Posted: 23 October 2009 | 15:45
News includes: bankers seek trade buyer for Regent Inns; Metcalfe to relaunch Itsu; Conran plans at least five new restaurant openings; Caprice Holdings boosts Ebitda by 20; and top five comfort foods named
Posted: 19 October 2009 | 10:51
Story of the week: UK recession claims three victims in bad week for hospitality. The hospitality industry was hard hit by the recession this week as three businesses collapsed into administration. Tootsies; Merchant Inns; Gold & Brown.
Posted: 16 October 2009 | 17:14
Brewer and pub operator Marston’s today described its outlook for next year as “cautiously optimistic” with a growing trend towards food-led sales. Although overall sales were down 1.4 per cent in the year to October 3 and like-for-like sales ...
Posted: 15 October 2009 | 15:15
Small and medium sized (SME) food and drink companies in London are being invited to apply for places at the capital’s first food and drink innovation centre, which opens its doors today (15 October).
Posted: 15 October 2009 | 08:00
Punch Taverns, the UK’s largest pub company, has seen annual losses triple to more than £170m after writing down the value of its estate by £663m.Unveiling results for the 12 months to August 22, the group, which owns 7,600 leased and managed pubs, said losses rose to £176m (2008: £64.7m).
Posted: 14 October 2009 | 10:22
Roadside restaurant chain Little Chef has forecast full-year profits of £3m thanks to Heston Blumenthal’s involvement in the group. Little Chef, which collapsed into administration in 2007, appointed Blumenthal, chef-patron of the three-Michelin-starred Fat Duck restaurant in Bray
Posted: 14 October 2009 | 09:00
Boutique pub-with-rooms operator Merchant Inns has been placed into administration. Six pubs belonging to the pub group, which owns seven units spread across the south of England and employs around 240 employees have been placed on the market after the company, which was owned ...
Posted: 14 October 2009 | 07:00
Whitbread has announced better-than-expected pre-tax profits for the first half of the year after sales at its coffee chain Costa helped to offset falling sales at its other key brands including Premier Inn and Beefeater.
The UK’s largest hotel and restaurant operator reported pre-tax profits of £118.2m ...
Posted: 13 October 2009 | 12:00
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