Finance

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Compass boss continues drive to refocus business

Compass logoCompass 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 mulls REIT as half-year turnover falls

Enterprise Inns logoEnterprise 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 reports highest ever turnover

Loch Fyne chefLoch 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

Honeycombe Leisure shares suspended ahead of takeover announcement

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

European commissioner suspends funding to five RDAs

European ParliamentAs 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

Capital Pub Company set to float on AIM

The George, The Strand, LondonUnbranded 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 reports a rise in revpar

IHG logoInterContinental 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

Smoking ban the catalyst as pub market diversifies

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 tops hospitality rich list

Sean QuinnSean 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

Millennium & Copthorne hotels record strong Q1 results

Millennium & Copthorne logoStrong 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

Capital allowance changes will drive away developers

hotel roomThe 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

Expanding your business

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

Le Meridien promotes the arts and other international hotel news

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 FishWork directors quit

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

Initial Catering Services reports a loss in catering revenue

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

Hotel payroll manager found guilty of embezzlement

Hilton CaledonianA 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 rules out REIT in short term

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

Pubs in England to take a £109m hit in revenues post smoking ban

man smoking and drinkingEngland’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

Travelodge raises £128m through sale and leaseback - For more hospitality stories, see what the weekend papers say

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 is largest hotel group in the world

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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6th July 2008