Finance
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The British Hospitality Association (BHA) is urging the Government to allow hotels to benefit from the Enterprise Investment Scheme (EIS), following the Chancellor of the Exchequer's failure to include hotels in the scheme in his autumn statement.
Posted: 07 February 2012 | 15:12
A recent YouGov survey suggested that one-third of the UK population is in debt. Janine Mills explains what help is available for managers to tackle personal finance problems in the workplace
Posted: 03 February 2012 | 08:22
A strong performance in North America has helped contract caterer Compass to record an 8% rise in global first quarter sales. Organic revenue growth in was "almost 5%" but hit 8% once the effect of acquisitions was included.
Posted: 02 February 2012 | 09:47
Pub and bar operators are “cautiously optimistic” for 2012 after they saw a year-on-year trading boost, according to the Association of Licensed Multiple Retailers (ALMR).
Posted: 11 January 2012 | 10:06
Barclays Corporate has provided Firmdale Hotels with £188 million to help fund the seven-strong boutique group's next phase of expansion. The facility will specifically help to finance the development of Firmdale's latest project, a 92 bedroom boutique hotel with 120-seat cinema, bowling alley, 23 residential...
Posted: 19 December 2011 | 13:19
Accusations this week by the Good Hotel Guide (GHG) that British banks are failing the hospitality industry - by withdrawing their support from well-run, profitable hotels - have been resoundingly refuted by the financial institutions.
Posted: 10 November 2011 | 10:59
Comet business development manager for hospitality, Nick Youle explains how funding problems can be overcome though leasing arrangements...
Posted: 12 October 2011 | 14:54
Mexican fast casual dining chain Chilango has closed its Meadowhall site in Sheffield. The move leaves the firm, run by former Skype executives Eric Partaker and Dan Houghton, with three sites in central London and...
Posted: 07 October 2011 | 09:19
British banks are failing the hospitality industry by withdrawing their support from well-run, profitable hotels, according to the Good Hotel Guide 2012: Great Britain and Ireland...
Posted: 03 October 2011 | 10:26
Hotel Verta, the new-build London property launched by Von Essen in September last year, has been placed into administration. Ernst & Young have been appointed to run the 70-bedroom hotel, which will continue to trade as normal.
Posted: 01 August 2011 | 13:01
Trying to work out where that next cash injection is going to come from? Mike Saul, head of hospitality and leisure at Barclays Corporate, provides five steps to a longer lasting banking relationship...
Posted: 28 July 2011 | 14:06
Robust room rates growth in London in April and May resulted in a 11.4% revpar increase in the first five months of 2011 compared with the same period last year, according to the latest hotel analysis...
Posted: 01 July 2011 | 14:31
As a rising number of firms are forced out of business by cash-flow problems and many others are on the brink of collapse, identifying early signs of stress in your suppliers, partners and customers is critical. In some instances customers shut up shop without leaving contact details. With this in mind, it is crucial, now more than ever, for businesses to take additional steps to protect themselves from bad debtors.
Posted: 17 June 2011 | 15:16
The financial situation for small leisure and hotel businesses has improved slightly over the past 12 months, with insolvencies down by around 5% on last year. That's the news from Experian's latest Insolvency Index, published today.
Posted: 26 May 2011 | 18:27
Growth in revenue per available room (revpar) has helped to drive a significant increase in profits at InterContinental Hotels Group (IHG) during the first...
Posted: 10 May 2011 | 15:36
The number of distressed businesses in the bar and restaurant sector has shot up 92% between the fourth quarter and 2010, and the first quarter of 2011. A survey by insolvency practitioners Begbies Traynor showed that a total of 186,554 business...
Posted: 13 April 2011 | 14:59
Contract caterer Compass Group expects economic conditions in the UK and Ireland to remain "challenging" as it revealed that it expected organic revenue...
Posted: 31 March 2011 | 15:26
Online booking agent Hotels.com, has welcomed today's Budget decision to freeze Air Passenger Duty (APD) for the coming year as a welcome break for UK travellers. The company said that any move to reduce the burden on consumers was very welcome.
Posted: 23 March 2011 | 17:17
A new EU ruling on take-away food VAT may force the UK Government to pay out millions of pounds in refunds. Take-away traders in the UK could make claims dating back four years, according to accountancy firm Chantrey Vellacott.
Posted: 18 March 2011 | 12:23
Marston's has delivered an "encouraging and robust" performance despite continued economic uncertainty, as it saw like-for-like sales rise 2.4% in its managed pubs in the 23 weeks to 12 March 2011. Food sales growth was the key performance driver once again, with a lift of...
Posted: 16 March 2011 | 13:36
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