Finance
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Compass Group has delivered a strong improvement in margins as chief executive Richard Cousins continues his work to refocus the giant on its core catering and service business.
Posted: 16 May 2007 | 09:56
Enterprise Inns continues to investigate a Real Estate Investment Trust (REIT) and is holding informal discussions with HM Revenue & Customs (HMRC) to determine whether it could qualify.
Posted: 15 May 2007 | 13:30
Loch Fyne Restaurants has tipped the scales with its highest ever net turnover in the full year ended 31 December.
Posted: 15 May 2007 | 10:23
Struggling pub chain Honeycombe Leisure has had it shares suspended from the Alternative Investment market (AIM) after speculation about a takeover pushed up its share price.
Posted: 11 May 2007 | 12:50
As the European Parliament prepares for the start of the Portuguese presidency in September, Emily Manson went to Brussels to find out what key issues might affect the hospitality industry
Posted: 10 May 2007 | 16:37
Unbranded pubs group Capital Pub Company is reportedly poised to float on the Alternative Investment Market (AIM) by the summer.
Posted: 10 May 2007 | 13:15
InterContinental Hotels Group (IHG) saw its worldwide revenue per available room (revpar) increase by 5.3% during the first three months of the year.
Posted: 10 May 2007 | 10:45
Consolidation, disposals, sales and acquisitions have come to define the pub and bar market as the sector prepares for the reality of a UK-wide smoking ban and reaps the rewards of growing property values. Christopher Walton reports
Posted: 10 May 2007 | 00:00
Sean Quinn, owner of Quinn hotels and Quinn public houses, topped Mentmore Towers owner Simon Halabi by £50m to become the richest man in hospitality in this year's Sunday Times Rich List with a personal fortune of £3b.
Posted: 03 May 2007 | 12:00
Strong demand in London and New York helped Millennium & Copthorne hotels off-set a weak performance in the German market in the first three months of 2007.
Posted: 03 May 2007 | 11:10
The chancellor's Budget raid on capital allowances is already deterring developers from building new hotels in the UK, an industry expert has revealed.
Posted: 03 May 2007 | 10:30
Seasonality, poor staff retention and a narrow customer base can all limit the turnover and value of a hospitality business. But if you can get the funding, there are ways to increase those figures - and now is a good time to try it. Tom Vaughan reports
Posted: 03 May 2007 | 00:00
Essential news from around the world, including: Shangri-La unveils new ‘face’ and Middle Eastern investment boom set
Posted: 02 May 2007 | 15:50
Two more directors at restaurant chain and fishmonger FishWorks have quit as its new owners attempt to restructure the struggling business and turn its fortunes around.
Posted: 02 May 2007 | 13:00
Catering revenue took a hit at Initial Catering Services, part of Rentokil Initial, in the first quarter of the year...
Posted: 02 May 2007 | 12:20
A payroll manager at a landmark Edinburgh hotel has been jailed for two years after she created a series of fictitious employees in order to steal more than £100,000 from her employer.
Posted: 02 May 2007 | 11:00
Punch Taverns, the country largest pub landlord, has ruled out putting property into a Real Estate Investment Trust (REIT) in the short-term.
Posted: 01 May 2007 | 13:45
England’s pubs are set to miss out on £109m of potential revenue during the next three years after the start of the country’s smoking ban, according to foodservice analyst Horizons.
Posted: 30 April 2007 | 16:31
A round-up of the weekend's news affecting the hospitality industry. News includes: Chance for private investors in UK’s first REIT; Punch to join FTSE 100 this week; Swallow starting to fly again; Celebrity property fund sees pubs as star asset...
Posted: 30 April 2007 | 10:07
InterContinental Hotels Group (IHG) remains the largest hotel group in the world by number of rooms for the fourth consecutive year, according to a new report. The MKG Consulting official 2007 ranking of groups and hotel brands worldwide found that with 3,741 hotels and 556,246 rooms IHG had increased its lead over runner-up Wyndham Worldwide
Posted: 27 April 2007 | 17:36
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