Finance
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A round-up of the weekend's news affecting the hospitality industry. News includes: Scottish health campaign likens NHS malnutrition to euthanasia; Inverness to host UK's first social enterprise hotel; Gloucestershire schools banned from 'spying' on pupils' lunchboxes and more...
Posted: 05 July 2010 | 10:39
As banks continue to support only the best business plans, securing backing remains fraught and fickle. Stuart Planner examines where to go when looking to raise finance.
Posted: 01 July 2010 | 14:52
A round-up of the weekend's news affecting the hospitality industry. News includes: Public sector cuts likely to hit Greene King star Belhaven; KFC abandons halal-only menus at five sites; explosion at Brakes food depot injures 28; Fifi and Ally café bar owner goes into liquidation and more ...
Posted: 28 June 2010 | 10:21
Capital Pub Company revealed plans to expand its estate to 50 outlets over the next three years, as it revealed an 11% rise in revenue for the year to 27...
Posted: 23 June 2010 | 10:55
Government plans to raise VAT to 20% as part of what Chancellor George Osborne billed the 'unavoidable Budget' received a mixed reaction from the hospitality industry this week.
Posted: 22 June 2010 | 15:46
Northern Irish pub chains CDC Leisure and Tarwood have called in administrators to take control of their four Belfast-based music pubs. The two companies run four licensed venues in the city: Auntie Annies, Katy Dalys, the Limelight and the Spring & Airbrake.
Posted: 18 June 2010 | 12:04
The Capital Pub Company is to tap its investors for millions of pounds in order to build a war chest for pub acquisitions. In a circular to investors ahead of a general meeting on 30 June, the firm said it would propose to issue 5,571,000 ordinary shares.
Posted: 16 June 2010 | 12:12
Maybourne Group, the firm that owns Claridge's, the Connaught and the Berkeley in London, needs to refinance more than £600m of loans before the end of the year, according to reports. If the company doesn't manage to secure a refinancing deal it risks falling into the hands of its bank creditors...
Posted: 14 June 2010 | 11:16
London-based brewer and pub operator Fuller’s has seen its pre-tax profit rise 17% to £26.6m for 2009/10, despite tough trading conditions. The company also saw its total revenue increase 8% to £227.7m for the year to 27 March 2010.
Posted: 11 June 2010 | 16:52
As hospitality insolvencies continue to soar, Robert Burns looks at how to stay out of trouble and keep the cash flowing.
Posted: 11 June 2010 | 10:41
A round-up of the weekend's news affecting the hospitality industry. News includes: Debt-ridden Travelodge owner could be forced to flog off assets; buyers queue up as Maybourne Group seeks debt deal; Young’s gears up for World Cup boost to business and more….
Posted: 07 June 2010 | 10:33
Topics covered in our weekly Infozone briefing include: Firms urged to help staff in debt; brighter future for older workers; millions plan to delay retirement; and firms snap up ex-Service people.
Posted: 01 June 2010 | 16:12
London cocktail bar operator Be At One (B@1) has seen like-for-like sales climb 13% over the past 12 months, despite tough trading conditions. The company, which runs nine bars in central London locations, also indicated that it planned to open a further eight sites in the capital ...
Posted: 01 June 2010 | 12:19
A round-up of the weekend's news affecting the hospitality industry. News includes: Whitbread to raise £100m through private placement; machismo eating trend that consumes live animals plans UK launch; dine in the sky experience at Edinburgh Festival and more…
Posted: 01 June 2010 | 10:29
Individual Restaurant Company, which owns the Piccolino and Bar & Grill brands, has described trading as "encouraging" after sales for the first weeks of May improve on the same period last year. The company said that it had seen the effect across the country, and not just in the South East.
Posted: 27 May 2010 | 10:42
The administrators of Mercury Inns have raised around £5m after they sold four freehold properties.
Manchester-based brewer and pub firm JW Lees bought two of the sites - the Red Lion in Hawkshaw and the Walton Arms, Accrington.
Posted: 26 May 2010 | 11:29
The Government has slashed the School Food Trust’s (SFT) budget by £1m as part as part of Chancellor George Osborne’s £6.25b of immediate spending cuts to bring down the UK’s £156b deficit.
Posted: 26 May 2010 | 11:04
The School Food Trust has avoided the axe but must save £1m this year as part of the new coalition Government’s efforts to reduce the UK’s massive fiscal deficit. Chancellor George Osborne, and his Liberal Democrat deputy, David Laws, today outlined £6.25b of immediate spending cuts
Posted: 24 May 2010 | 17:48
The Government has unveiled plans to shave £600m from the cost of quangos as Chancellor George Osborne announced a package to cut spending by £6.2b. However, a Treasury document detailing the cuts published today gave little detail on whether local tourism boards would suffer.
Posted: 24 May 2010 | 16:01
Topics covered in our weekly Infozone briefing include: recession heralds the blues; 'brutal' NHS cuts on the way; and 5% pay reduction for ministers.
Posted: 21 May 2010 | 10:37
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