Finance
Pages 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21... Previous | Next
The owner of Prested Hall, a 13-bedroom hotel which dates back to the 15th century in Feering, near Colchester, Essex, is looking for a partner to help expand the business. Mark Carter said starting work will start soon on an extension which will add 30 new bedrooms, a restaurant and function rooms.
Posted: 06 August 2010 | 17:39
A total of 60 jobs are at risk after a hotel firm which also operated coach tours went into administration on Monday. McColls of Argyll has two hotels, the 65-bedroom McColls hotel in Dunoon, Argyll, and the 62-bedroom Sherwood hotel in Torquay, Devon...
Posted: 06 August 2010 | 15:44
Ever since the dreaded global recession began, it has been easier to shuck a bucketful of oysters than it has to prise open the expense accounts of most corporate customers. And that has seen big sections of the industry - from country house hotels to fine-dining restaurants and corporate catering operations...
Posted: 05 August 2010 | 17:32
As the NHS tightens its belt, contract caterers are pacing the corridor to see if it outsources a bigger proportion of its food provision. Daniel Thomas asks healthcare caterers how their processes can breed cost savings.
Posted: 05 August 2010 | 15:29
Millennium & Copthorne Hotels (M&C) has announced an improved performance during the first half of the year, with strong improvements in revenue and profits. Group revenue per available room (revpar) rose 9.3% from January to June 2010, led by high growth rates in...
Posted: 05 August 2010 | 14:02
Marston's has put improving trade over the 43 weeks to 31 July 2010 down to a dose of good summer weather rather than the World Cup. Like-for-like sales at its managed division, Marston's Inns and Taverns, grew 1.7% for the period.
Posted: 05 August 2010 | 11:32
Affordable drink and food offers have helped turnover shoot up 59% at Town and City Pub Company for the year to 28 February 2010. The company recorded like-for-like sales growth in the year of 9.5%, thanks to strong trading over Christmas.
Posted: 05 August 2010 | 11:17
The hospitality industry was one of the worst-affected sectors during the recession, an analysis of business failures has revealed. R3, the insolvency trade body, compared the number of insolvencies in each sector with the number of businesses within that sector before the recession began.
Posted: 02 August 2010 | 16:06
Two private investment firms have bought the 170-bedroom Novotel Edinburgh Park out of administration. Benson Elliot Capital Management and Algonquin have jointly bought the property from administrators KPMG.
Posted: 02 August 2010 | 13:11
A round-up of the weekend's news affecting the hospitality industry. News includes: Duncan Banatyne hits out at larcenous guests; restaurateur sued by clamping firm for warning off its customers; Claudia Lawrence family pin hopes on documentary as police scale back search and more…
Posted: 02 August 2010 | 10:17
An extensive review of Merchant Inns for its bankers warned that its financial forecasts were "simplistic" and its financial control "weak", more than three months before it went into administration. The boutique pubs-with-rooms operator, owned by property magnate Sir John Ritblat, called in administrators Deloitte in October last year, following the sacking of its chairman, Robert Breare, in August.
Posted: 29 July 2010 | 13:01
Compass Group has seen a 2.1% year on year fall in organic revenue for the third quarter despite reporting a "slight acceleration" in new and retained business.
The world's largest contract caterer blamed the fall on challenging economic conditions, which it says continue to impact like for like volumes in the UK business and industry sector in the nine months to June 2010.
Posted: 28 July 2010 | 15:20
Chicken restaurant chain Nando's financial woes deepened after it made losses of £23m in the 36 weeks to February 2009, according to accounts filed with Companies House. Despite sales of £167m in that period, the UK arm of the South African restaurant group struggled as a result of rising raw ingredient prices...
Posted: 27 July 2010 | 14:48
If it wants to protect quality in the wake of the cuts to school meals, the Government must divert money to front line service, says Dolce managing director Dan Curtis.
Posted: 16 July 2010 | 17:00
The relationship director (hotels) for Lloyds TSB has said that the bank is open to hotels - for the right business. "It is a myth to say that we are not open to lend money, but certain criteria have to be in place....
Posted: 14 July 2010 | 12:13
Nightclub operator Luminar's trading has been hit by the World Cup, with same-outlet sales for the 19 weeks to 8 July plummeting 19.9%. The announcement came as part of an interim management statement ahead of the company's Annual General Meeting today at 1pm.
Posted: 13 July 2010 | 10:52
A tough corporate market, fierce competition in the public sector, and a weak pound have all contributed to a €52m (£43.6m) fall in revenue at Sodexo in...
Posted: 13 July 2010 | 10:47
Hand Picked Hotels boss Julia Hands is determined to expand the group's portfolio, despite the business being £99m in the red. Along with her husband, private equity boss Guy Hands, she has risked millions of pounds to shore up the business after the company's debt reached £126m.
Posted: 07 July 2010 | 14:46
The recovery in the catering industry is starting to falter as confidence falls in the wake of the Government's austerity measures. The latest data from the Markit/CIPS purchasing managers' index (PMI) showed that the service sector...
Posted: 06 July 2010 | 14:38
Greene King is to shift its focus to managed houses, as it revealed plans to cut its tenanted estate by almost 400 to around 1,200 pubs.The company said that it wanted to grow its Hungry Horse and Old English Inns brands by 200 ...
Posted: 05 July 2010 | 10:55
Pages 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21... Previous | Next
