Finance
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Private equity company Bridgehouse Capital has snapped up 33 Massive Pub Company sites that were in administration for an estimated fee of £8m.
Posted: 24 April 2008 | 12:40
School meals caterers are warning that they cannot continue to bear rising food prices, but are reluctant to break the £2 price barrier. Chris Druce reports
Posted: 24 April 2008 | 11:43
Punch Taverns has hailed the changing face of the pub market and predicted a pick up in trade this summer.
Posted: 24 April 2008 | 11:33
Hospitality operators have been warned that they could struggle to retain staff because of the controversial government plan to abolish the 10p income tax rate.
Posted: 21 April 2008 | 15:40
Henry J Beans owner Food and Drink Group has issued a profit warning after tough trading in the past two months.
Posted: 18 April 2008 | 11:30
Punch Taverns has terminated discussions with Mitchells & Butlers over a potential acquisition of its managed pub division Spirit.
Posted: 18 April 2008 | 10:55
Late-night club and bar operator Luminar Group has sold 26 bars for 19p each to Cavendish Bars trimming down its total estate to 90 sites.
Posted: 17 April 2008 | 12:33
Hospitality operators must not be tempted to cut corners, despite increasing pressure on the bottom line, warns Master Innholder Ramón Pajares, former general manager, Four Seasons
Posted: 17 April 2008 | 00:00
Tycoon Robert Tchenguiz is in talks to sell some or all his 23% stake in pub group Mitchells & Butlers.
Posted: 16 April 2008 | 11:18
Massive Pub Company, which entered administration on 28 January, could be bought in the “next couple of days” under an exclusivity agreement with the administrators.
Posted: 15 April 2008 | 14:11
The former chief executive of Compass Group, Mike Bailey, has returned to the world of contract catering with the acquisition of a trio of US foodservice companies.
Posted: 14 April 2008 | 17:19
Property agent Christie & Co believes yesterday’s interest rate cut will give “renewed confidence” to buyers and sellers in the hotel, pub and restaurant sectors.
Posted: 11 April 2008 | 14:48
North-west brewer and pub operator Cains Beer Company is confident it can achieve profitable growth despite incurring a £2.8m loss after its reverse takeover of Honeycombe Leisure.
Posted: 10 April 2008 | 17:14
Good-quality, well-located property will still be sought by a variety of buyers, says Chris day, international managing director at Christie + Co.
Posted: 10 April 2008 | 00:05
Prezzo’s expansion into the provinces from its London and south-east heartland has paid off with sales up 29% in 2007.
Posted: 09 April 2008 | 14:03
Harvester and All Bar One owner Mitchells & Butlers (M&B) is taking market share from struggling rivals thanks to its offer of a "value and volume" dining experience, the pub group claimed today.
Posted: 09 April 2008 | 12:00
Sodexo has seen strong sales growth in the UK and Ireland in the first half of its financial year thanks to its involvement in the 2007 Rugby World Cup.
Posted: 03 April 2008 | 15:37
If you are director of a company that is in financial difficulty, your focus must shift towards minimising the potential loss to the company's creditors. Solicitors Michael Fiddy and Jonathan Leitch explain
Posted: 03 April 2008 | 00:00
Italian café-cum-restaurant chain Carluccio’s has continued to defy expectations of a drop off in consumer spending by boosting sales in the first three months of the year.
Posted: 02 April 2008 | 14:43
Piccolino owner Individual Restaurant Company (IRC) has insisted there is a bright future for premium casual dining in the UK, despite consumer concern over the UK economy.
Posted: 01 April 2008 | 12:45
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