Finance

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JD Wetherspoon not to become a REIT company

JD WetherpoonPub operator JD Wetherspoon has confirmed it will not be one of the first companies in the sector to turn itself into a Real Estate Investment Trust (REIT).
Posted: 02 March 2007 | 17:01

Friday Wrap: A round-up of the week's hospitality news

Happy with the new Gambling Act? Don’t bet on it.
Posted: 02 March 2007 | 16:30

Texas Pacific Group sells remaining stake in Gate Gourmet

Gate GourmetPrivate equity firm Texas Pacific Group has reportedly sold its remaining stake in airline caterer Gate Gourmet to investment bank Merrill Lynch.
Posted: 02 March 2007 | 13:12

JD Wetherspoon reports 20% rise in profits

JD WetherspoonUK pub operator JD Wetherspoon reported a 20% increase in pre-tax profit for the first half of its financial year driven by strong sales of coffees and breakfasts.
Posted: 02 March 2007 | 09:29

Gourmet Holdings puts Bel and the Dragon up for sale

Bel and the Dragon, WindsorBel And The Dragon, the pub-restaurant business, has been put back on the market after exclusive sale talks with gastropub group Cross Oak Inns ended, it was reported today.
Posted: 01 March 2007 | 16:57

Ultimate Leisure shareholders approve new share scheme

Shareholders in Ultimate Leisure have approved a new share scheme that will help provide the bar and club operator with up to £75m to spend on acquisitions.
Posted: 01 March 2007 | 09:53

Orient-Express Hotels reports a strong end to the year

Orient-Express hotels logoOrient-Express Hotels enjoyed a strong end to the year with a surge in fourth quarter profit and turnover as it plans for a future without its founding family.
Posted: 28 February 2007 | 13:30

Famous Brands buy Wimpy and promises to 're-energise' it

WimpyBeleaguered burger chain Wimpy has been bought by Famous Brands for £3m amid promises to return the brand to its former glory.
Posted: 28 February 2007 | 13:00

Strong hotel growth drives profit at Whitbread

Whitbread logoWhitbread is on course for profits at “the top end of expectations” for the current financial year, driven by strong growth in its hotel business, the leisure giant revealed today.
Posted: 28 February 2007 | 12:30

Almost a quarter of UK workers fiddle their expenses

calculatorNearly a quarter (22%) of British workers regularly fiddle their expenses, according to new research by budget hotel group Travelodge.
Posted: 27 February 2007 | 12:00

Definnitive Leisure goes into administration

buying a drink in a pubA company behind some of North-East England’s best-known bars has gone into administration.
Posted: 26 February 2007 | 13:30

Ultimate Leisure reports a six-figure loss

Ultimate Leisure made a six-figure loss in the first-half of the year as it sold non-core units and closed others for refurbishment, the bar and nightclub operator revealed today.
Posted: 26 February 2007 | 10:49

Copthorne Tara may convert to private apartments - for more hospitality stories, see what the weekend papers say

weekend papersA round-up of the weekend's news affecting the hospitality industry. News includes: York may get its first five-star hotel; Travel Inn looking to expand in India and China; Domino's Pizza boss sells £22.5m of shares and more...
Posted: 26 February 2007 | 09:57

Millennium & Copthorne boosts its profits by 36% in 2006

Millennium & Copthorne logoHotel group Millennium & Copthorne (M&C) saw pre-tax profit rise by a massive 36% last year, its strongest performance since going public in 1996.
Posted: 23 February 2007 | 12:35

Sodexho appoints new financial director for UK and Ireland

Aidan ConnollyContract caterer Sodexho has appointed Aidan Connolly to the role of finance director for the UK and Ireland.
Posted: 22 February 2007 | 09:30

McDonald's bites back

In the past few years, the ups and downs at McDonald's have been well documented, and yet it just keeps rolling along. Nic Paton looks at the burger giant's ever-evolving strategies
Posted: 21 February 2007 | 12:26

Russian restaurateur considers IPO - and other international news

world newsEssential news from around the world, including: Jumeirah Group launches new spa concept; Floating hotel set for Stockholm; Shangri-La to open second property in Canada; IHG to increase presence in Canada
Posted: 21 February 2007 | 12:10

Domino’s Pizza to focus on business relationship with franchisees as sales continue to soar

Domino's PizzaDomino’s Pizza plans to focus on franchise management in 2007, as it works on increasing the numbers of stores owned by individual franchisees.
Posted: 20 February 2007 | 14:36

InterContinental Hotels Group to return more cash to shareholders

InterContinental logoInterContinental Hotels Group (IHG) is to return a further £850m to shareholders after announcing today that 2006 was a “successful year on all fronts”.
Posted: 20 February 2007 | 11:04

QHotels highest place hospitality company in Sunday Times Deloitte Buyout Track 100

QHotelsQHotels was the highest placed hospitality company in the Sunday Times Deloitte Buyout Track 100, a league table of fastest-growing private-equity backed businesses.
Posted: 19 February 2007 | 10:53

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9th July 2008