Finance
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Restaurant operator Out of Town Restaurant Group (OTRG) has collapsed into administration, Caterer can reveal.
Posted: 27 April 2007 | 17:00
School’s out for summer. School’s out for ever. So might as well throw away those Tesco school equipment vouchers I guess.
Posted: 27 April 2007 | 00:00
Domino’s Pizza said the year had started strongly and expects trading for 2007 to be ahead of expectations on the back of new product and marketing innovations.
the company had 357 stores and saw sales rise by 8.8%.
Posted: 26 April 2007 | 14:00
Details of Vector Hospitality, the UK’s first hotel Real Estate Investment Trust (REIT), have been officially revealed.
Posted: 26 April 2007 | 09:00
Gourmet sandwich chain Pret A Manger is considering an initial public offering (IPO) on the London Stock Exchange to help finance its rapid expansion plans.
Posted: 25 April 2007 | 12:46
The average cost of running a pub is now over 60% of net turnover, according to the Association of Licensed Multiple Retailers (ALMR), with staffing costs and rising utility bills dominating growing operational costs.
Posted: 25 April 2007 | 11:11
Following a year of upheaval, CHE Hotel Group has announced an £7.9m loss after tax for 2006.
Posted: 25 April 2007 | 11:00
British Country Inns (BCI) is launching a fourth round of fund raising to buy food-led pubs with outdoor space in Wales and the Welsh boarders. The Enterprise Investment Scheme (EIS) backed company’s latetst round of fundraising is being promoted by Smith & Williamson’s Tax Efficient Solutions (TES) division.
Posted: 25 April 2007 | 09:30
Leisure giant Whitbread has seen profits rise in the year to March driven by a strong performance at Costa Coffee and Premier Travel Inn hotels.
Posted: 24 April 2007 | 11:15
Budget hotel group, Travelodge was behind one in three of the UK’s hotel openings last year and is on target to become the largest hotelier in London by 2012.
Posted: 24 April 2007 | 10:13
Merchant Inns remains locked in talks with potential private equity backers on an agreement that could secure the pub operator up to £150m in extra funding. The company has been in talks with an un-named private equity backer for the past month that, if successful, would see an expansion from five to 75 food-led pubs and hotels across England.
Posted: 24 April 2007 | 09:20
Hotel group City Inn is the highest placed hospitality business of three in the top 100 list of Britain’s fastest growing businesses by profit.
Posted: 23 April 2007 | 12:30
Hospitality businesses are three times more likely to go bust than other UK businesses, according to research released today.
Posted: 23 April 2007 | 08:30
Mitchells & Butlers has followed hot on the heels of Punch Taverns and entered the FTSE 100 just two days after the rival pub operator became a member of Britain’s elite companies.
Posted: 20 April 2007 | 16:03
French hotel giant Accor saw revenues for the first three months of 2007 rise by 8.9% as the group said it was being lifted by a favourable business environment and an upturn in the European hospitality industry cycle.
Posted: 20 April 2007 | 11:00
Pan-Asian restaurant chain Tasty has reported a pre-tax loss for 2006 blaming delayed openings of new sites for its performance.
Posted: 17 April 2007 | 17:23
Pub owner London Town almost halved its losses in 2006, despite many of its acquisitions making only limited contributions to its coffers.
Posted: 17 April 2007 | 16:40
Fishmonger-cum-restaurant chain FishWorks is to carry out a root-and-branch overhaul of its 12 restaurants after the revelation last week losses have almost trebled in the past six months.
Posted: 17 April 2007 | 12:38
McDonald’s Japanese franchise chain McDonald's Holdings Co Japan has reported the highest level of sales in the company's 36-year history.
Posted: 16 April 2007 | 15:50
A round-up of the weekend's news affecting the hospitality industry. News includes: New openings blamed for FishWorks troubles; £500m tranche of hotels up for sale; Hotel du Vin to build another Scottish hotel and more...
Posted: 16 April 2007 | 10:43
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