Finance
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Marston's has delivered an "encouraging and robust" performance despite continued economic uncertainty, as it saw like-for-like sales rise 2.4% in its managed pubs in the 23 weeks to 12 March 2011. Food sales growth was the key performance driver once again, with a lift of...
Posted: 16 March 2011 | 13:36
The Bank of England's Monetary Policy Committee has voted to hold interest rates at 0.5%, despite calls that it should go up to combat rising inflation. The rate has now been held at the same level for two years. There have been increasing expectations of a rate rise, following news that the CPI hit 4%.
Posted: 10 March 2011 | 12:28
Many experienced operators in the hospitality and leisure sector are seeing this time of economic uncertainty as an opportunity to grow their business.
Posted: 10 February 2011 | 12:26
Booker, the UK’s leading food and drink wholesaler, boosted third-quarter sales by 7.2% despite the impact of the poor weather on its catering and retail customers.
Posted: 13 January 2011 | 11:57
A double-digit decline in Sodexo's healthcare business in the UK and Ireland has contributed to its first quarter performance trailing behind the company's other three geographical regions. The...
Posted: 12 January 2011 | 17:10
Caffè Nero has completed a successful £140m refinancing in a bid to fund the business's future growth ambitions. The business, which has 500 outlets...
Posted: 11 January 2011 | 13:54
What's the best way to encourage learning and development among your staff? Jane Sunley, chief executive officer of learpurple gives advice
Posted: 15 December 2010 | 15:12
If you want to make extra payments into your pension, there is new legislation in the pipeline that will affect how much tax you end up paying. Tax expert Chris Lee looks at the different options available
Posted: 26 November 2010 | 12:08
Independent contract caterer Restaurants at Work has today gone into administration and BaxterStorey has acquired the trading assets of the former business. Noel Mahony, managing director, BaxterStorey confirmed the move to Caterersearch.com.
Posted: 01 October 2010 | 18:11
Consumers are bracing themselves for a freeze in household expenditure in the coming months, as job uncertainty and stalling incomes continue to hit home and affect sentiment...
Posted: 27 September 2010 | 11:21
With interest rates at a record low, it's easy to get lulled into a false sense of financial security. But as the only way from here is up, Nick Huber examines ways to mitigate the impact of an eventual rise.
Posted: 27 August 2010 | 14:55
It is a good idea to plan for your rent reviews and to consider your tactics so as to achieve the best result. Legal expert Debra Kent discusses the "open-market" form of rent review.
Posted: 20 August 2010 | 16:47
Scottish pub and restaurant firms Burnside (UK) and Burnside Inns have entered administration. Burnside (UK) owns and operates the Plough Hotel in Stenhousemuir and the Graeme, a hotel, bar and restaurant in Falkirk.
Posted: 19 August 2010 | 15:46
Suffolk-based brewer and pub company Adnams has struggled with a 27% fall in pre-tax profits to £641,000 for the half year to 30 June, it revealed today. The company said it suffered a "very disappointing" fall in beer volumes, as turnover stayed flat at £23.1m.
Posted: 19 August 2010 | 12:13
Peter Hancock, chief executive of Pride of Britain Hotels, asks what effect the Monetary Policy Committee's decision to keep the base rate at 0.5%, as well as next year's rise in VAT, are going to have on the industry.
Posted: 19 August 2010 | 10:43
Hotel and restaurant company Whitbread has raised £102m of debt to repay its existing sorter-dated bank facilities. The company said the move was in line with its strategy of diversifying its sources of funding...
Posted: 16 August 2010 | 10:30
A boutique hotel in Skipton has been saved from administration after the existing management team bought the business. Four@25, the company that formerly owned Boutique 25 hotel in Skipton, went into administraiton on 30 July after several months of difficult training.
Posted: 12 August 2010 | 16:53
Hoteliers in Liverpool and the North East are likely to suffer the most from planned cuts to Government spending. That's the warning from PricewaterhouseCoopers, which last week predicted that a 25% slashing of public sector budgets would drag down nationwide growth...
Posted: 12 August 2010 | 11:20
InterContinental Hotels Group (IHG) - the world's largest hotel company by number of rooms - has reported a 22% increase in half-year operating profits, up from $179m (£112) to $219m (£138m).
Posted: 12 August 2010 | 10:57
Newcastle-based bakery chain Greggs has warned that rising wheat prices will make trading tougher over the coming months. Wheat prices hit a 22-month high last week after Russia announced that it would suspend wheat exports following a severe drought in the country.
Posted: 10 August 2010 | 10:16
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