Finance
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Barely 24 hours after Café Rouge owners Tragus Bidco made a £96m offer to acquire La Tasca, a bidding war for the tapas chain has broken out, with Iranian investor Robert Tchenguiz putting in a £98.6m offer through his investment vehicle R20.
Posted: 29 March 2007 | 13:26
Growth in the regions has kept the UK hotel market buoyant, despite a cold winter deterring visitors from London.
Posted: 28 March 2007 | 17:03
A strong performance at the Richoux restaurant chain was not enough to prevent increased losses for owner Gourmet Holdings in the second half of last year, it was revealed today.
Posted: 28 March 2007 | 15:58
How much value are you adding to your business?
Posted: 27 March 2007 | 11:02
Malmaison and Hotel Du Vin hotels have continued to “go from strength to strength” achieving record occupancy and strong turnover and profit growth in the past year.
Posted: 21 March 2007 | 14:29
Italian restaurant and food shop group Carluccio’s has performed well in the first half of its financial year, adding trading at its new outlets in London had been encouraging.
Posted: 21 March 2007 | 12:51
InterContinental Hotels Group (IHG) expects to exceed its target of adding 60,000 extra rooms to its portfolio by 2008, after adding 18,713 rooms to its pipeline in 2006.
Posted: 21 March 2007 | 11:15
Speculation about a private equity bid for Whitbread was swirling around the financial markets again today
Posted: 20 March 2007 | 17:14
Speculation about the future direction and ownership of pub chain Mitchells & Butlers is intensifying.
Posted: 20 March 2007 | 15:04
Dubai-based hotel group, Kingdom Hotel Investments (KHI) saw gross profit rise by nearly a quarter in 2006 last year, in the first year since being taken public.
Posted: 20 March 2007 | 14:37
Coffee Republic has raised more than £900,000 through a share placing to bank-roll its ambitions to grow the chain through franchising.
Posted: 20 March 2007 | 14:21
Trying to walk a straight line when someone mentioned cheap wine. Have a drink on me.
Posted: 16 March 2007 | 16:28
Real estate investment trusts (Reits) will not be taken up by the UK hotel industry until the legislation is relaxed, more in line with the US version, experts warned in Berlin.
Posted: 15 March 2007 | 00:00
Hotel marketing consortium Leading Hotels of the World has announced its most successful year to date with more than 1.6 million room night sales.
Posted: 13 March 2007 | 12:30
Pub chain Barracuda has secured £40m of additional funding to help finance its UK-wide expansion plans.
Posted: 13 March 2007 | 12:00
Pub chains Punch Taverns and Mitchells & Butlers are poised to join Britain’s most elite financial club, following the latest review of the FTSE-100 Index.
Posted: 13 March 2007 | 11:30
Gordon Ramsay has awarded himself a £2.1m bonus from the profits of his company Gordon Ramsay Holdings.
Posted: 13 March 2007 | 09:40
Profit at hotel chain Accor rose by more than 50% last year driven by strong growth in its core activities, hotels and business services.
Posted: 08 March 2007 | 11:10
Frankie & Benny’s and Chiquito owner The Restaurant Group has made a “buoyant” start to year, with like-for-like sales for the first nine weeks rising 5% from a year ago.
Posted: 07 March 2007 | 09:48
Mandarin Oriental International has reported a 6% drop in underlying profitability for 2006 due to the nine-month closure of its flagship property in Hong Kong.
Posted: 06 March 2007 | 14:33
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