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Our weekly round of of the week's hospitality news includes: Story of the week: Election 2010: The date may only have been officially set earlier this month, but it seems as though this election race has been more of a marathon than a sprint, and more...
We find out what will the parties do for hospitality?
Posted: 30 April 2010 | 16:16
As the General Election campaign reaches its climax, we ask the three main parties what plans they have to help the UK's most important industry - yours
Posted: 29 April 2010 | 12:36
Whitbread is targeting a 32% expansion in its Premier Inn hotel brand to 55,000 rooms in the UK by 2015, and could increase its Costa brand to 3,000 stores worldwide over the same period. The news came as the group announced that total revenue climbed by 7.5% to almost £1.44b,,,
Posted: 29 April 2010 | 12:04
Welsh brewer and pub operator SA Brain has seen pre-tax profit rise 77.1% to £10.4m for 2009 thanks to the sale of its drinks distribution business to Heineken UK. But operating profits and turnover at the company fell because...
Posted: 27 April 2010 | 11:34
Food service and facilities management company Sodexo saw operating profit for the UK and Ireland rising by 32% in the first half of its financial year, despite revenue falling by 3.8%. The group’s UK and Ireland arm achieved operating profit of £20.7m on lower revenue of £518m...
Posted: 26 April 2010 | 12:17
Jamie Oliver's personal fortune has grown from an estimated £40m a year ago to £65m. The chef and restaurateur just squeaked into the Sunday Times' Rich List, which attempts to calculate the fortunes of the 1,000 richest people in the UK, at 967th position.
Posted: 26 April 2010 | 12:09
A round-up of the weekend's news affecting the hospitality industry. News includes: Little Chef reviews roll-out of Heston Blumenthal concept after boss quits; Mumbai's Oberoi hotel reopens after deadly 2008 attack; Costa expected to fuel Whitbread’s international expansion and more... ;
Posted: 26 April 2010 | 10:37
Pub operator Heartstone Inns has increased its turnover to almost £3m for 2009, following the acquisition of its fifth pub, the Bun Penny in Hampshire. The company made a pre-tax loss of £456,315 for the 12 months to 31 December 2009 ...
Posted: 23 April 2010 | 17:07
When funding is required to turn around a business's fortunes, attracting investment isn't always easy. Ed Fazakerley describes the route you need to take to rebuild a hotel chain.
Posted: 23 April 2010 | 14:33
Our weekly round of of the week's hospitality news includes: Story of the week: Volcanic ash cloud creates havoc for hoteliers; Tom Aikens and Compass to launch two restaurants at Somerset House and more...
Posted: 23 April 2010 | 14:27
Peel Hotels has warned that a recovery in the provincial economy is a long way off, as it slipped into a pre-tax loss for 2009/10. The firm managed to boost its revenue fort the year to 7 February 2010 to £14.1m, up from £12.7m, thanks to its acquisition of the Norfolk Royale hotel in May last year for £8.25m.
Posted: 23 April 2010 | 11:48
Pub operator Punch Taverns has seen pre-tax profits fall to £66m in the 28 weeks to 6 March, from £82m in the previous year and could dispose of 1,200 more tenanted pubs. But when changes in the valuation of properties were taken into account, the company made a £70.3m pre-tax profit ...
Posted: 23 April 2010 | 10:05
Peter Hancock, chief executive of Pride of Britain Hotels, says it's time tourism was taken seriously at the top. "Better brains than mine have been devoted to the thankless task of lobbying for more Government support for tourism over many years. To some extent they have succeeded...
Posted: 22 April 2010 | 15:53
Lee Manning, reorganisation services partner at Deloitte, told Caterer that the drop was unexpected, and indicated that the UK economy could finally be turning a corner. "I think it is very encouraging. The numbers are lower even than they were in the comparison 2006/07 period," he said.
Posted: 22 April 2010 | 14:15
The Independent Restaurant Company (IRC) has put its expansion plans on hold at least for the first half of the year, after it recorded a pre-tax loss of £872,000 for 2009. The loss at the firm, which made a pre-tax profit of almost £1.2m in 2008, came despite a 1.7% rise in revenue to £53.3m...
Posted: 19 April 2010 | 11:22
A round-up of the weekend's news affecting the hospitality industry. News includes: sea change sees mellowing of macho kitchen culture; Splendid Hotel Group seeks £200m for seven London hotels; Jamie Oliver is Britain’s 22nd most generous donor to charity and more…
Posted: 19 April 2010 | 10:52
Story of the week: Hotel, café, pub and restaurant customers all face the risk of being unceremoniously shunted off the information superhighway by a heavy-handed piece of government legislation passed hurriedly last week.
Posted: 16 April 2010 | 15:34
The Penthouse restaurant atop Swansea’s Meridian Tower has closed while its bankrupt owner is being taken to court by his wine suppliers over alleged unpaid bills. The £70m restaurant, which is located on the 29th floor of the 300ft tower overlooking Swansea...
Posted: 15 April 2010 | 17:36
International Hotel Investments (IHI), the parent company of the new luxury Corinthia Hotel & Residences currently being developed overlooking Trafalgar Square, is preparing for a £700m flotation on the London stock market.
Posted: 14 April 2010 | 09:53
A round-up of the weekend's news affecting the hospitality industry. News includes: 10% of Scottish B&Bs in newspaper survey refused rooms to ‘gay’ guest; Shearings and Bay restaurant brands set for sale?; Pret a Manger plans record number of openings; Pebble Hotels owner to run former London Town pubs and more…
Posted: 12 April 2010 | 10:29
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