Finance

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M&B forced to defend cash position

All Bar One Canary WharfAll Bar One and O’Neill’s operator Mitchells & Butlers has refuted claims it is out of money, after one City analyst said today it “could require a cash injection” to keep going.
Posted: 19 March 2008 | 17:10

Novus snaps up seven bars from Soho Clubs & Bars

Novus Leisure, the owner of Tiger Tiger, has bought seven venues from London bar operator Soho Clubs & Bars.
Posted: 18 March 2008 | 13:30

Laurel Pub Company to enter administration

Laurel Pub Comapny logoLaurel Pub Company is poised to enter administration after failing to find buyers for 94 loss-marking pubs it put on the market last month.
Posted: 18 March 2008 | 12:17

Wake-up call: prohibitions on properties sold

If you're selling off property in the vicinity of your own business, you will want to restrict the buyer from opening up in competition to you. Solicitor Gary Pickard explains how the law can help
Posted: 13 March 2008 | 00:05

UK hotels named most expensive in Europe

Piccadilly Circus, LondonUK hotels are the most expensive in Europe, according to a report by online reservation website Hotels.com.
Posted: 12 March 2008 | 13:03

JD Wetherspoon feels smoking ban pinch

no smoking signProfits at high-street pub chain JD Wetherspoon have dive-bombed in the past six months due to the smoking ban.
Posted: 07 March 2008 | 15:13

RSC Capital Consulting Ltd.

Our personal approach can help you to identify the right lender and product solution for your financing requirement. We work with nearly all of the main UK lenders and some European banks.
Posted: 06 March 2008 | 11:40

Keep an eye on costs to avoid price increases

Nigel Scorey, managing director of procurement firm Procure4Managing costs can help you ride the storm of economic downturn, according to Nigel Scorey, managing director of procurement firm Procure4
Posted: 06 March 2008 | 00:00

The Restaurant Group serves 30 million meals in 2007

Franky & Benny'sFrankie & Benny’s owner The Restaurant Group (TRG) sold more than 30 million meals in 2007 and described the performance as given the slowdown in consumer spending.
Posted: 05 March 2008 | 15:18

Pub closure rate rises in 2007

pubPubs in the UK have been closing at a rate of 27 a week over the past year with 1,409 pubs closing during 2007, research revealed today.
Posted: 05 March 2008 | 13:35

Yo! Sushi in £51m sale talks

Yo Sushi! logoJapanese restaurant chain Yo! Sushi is reportedly in £51m sale talks with an investment vehicle.
Posted: 05 March 2008 | 10:00

Barracuda sees strong sales in 2007

pubSmith & Jones operator Barracuda Group saw a 16% surge in sales last year.
Posted: 05 March 2008 | 09:00

Orient-Express upbeat about luxury market’s prospects

Orient-Express HotelLe Manoir Quat’ Saisons owner Orient-Express believes the luxury end of the hospitality market is holding up well despite fears over consumer spending.
Posted: 27 February 2008 | 13:15

Caring ups stake in Carluccio’s

Carluccio's logoProperty tycoon Richard Caring, the investor behind the Ivy, Le Caprice and J Sheekey is building a stake in casual dining chain Carluccio’s.
Posted: 25 February 2008 | 11:09

Sustainable and organic cod supplier No Catch goes into administration

No Catch organic codNo Catch, the UK’s only fully sustainable and organic cod supplier, has collapsed into administration after its management failed to keep the company afloat.
Posted: 22 February 2008 | 12:29

Premium Bar and Restaurants 'cautious' about the future

The Living RoomPremium Bars and Restaurants, owner of Living Room and Prohibition, today admitted it is cautious about the future because of the “fragile state of consumer confidence”.
Posted: 21 February 2008 | 16:37

Domino's selling one in six home delivered meals

Domino's in-store computerDomino’s Pizza believes it is selling one in six of every home delivered meal in the UK.
Posted: 20 February 2008 | 10:41

Laurel looks to put up to 100 pubs into administration

Slug & Lettuce, CambridgeLaurel Pub Company is looking to put between 50 and 100 pubs in its 460-strong estate into administration.
Posted: 19 February 2008 | 16:19

Hospitality can still make money during the credit crunch

food order coming from kitchenMany operators are optimistic about prospects for 2008, despite tough trading conditions at several big groups
Posted: 14 February 2008 | 12:45

Blackpool Tower owner takes stake in M&B

All Bar One Canary WharfTrevor Hemmings, the investor behind pub groups Trust Inns and Herald Inns & Bars, has taken a 3% stake in Mitchells & Butlers (M&B).
Posted: 11 February 2008 | 11:48

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7th July 2008