Recession
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The headline stories from this week's Infozone briefing include: employers relying on DRA to force staff to leave the workplace; more people working unpaid overtime to help firms recover; involve staff in cost savings and you'll save money, claims report
Posted: 05 March 2010 | 16:47
Topics covered in Infozone's weekly briefing include: workforces could take 'several years' to recover from recession: employers should do more to help the jobless, say HR chiefs: use online accounting tools, hospitality operators advised.
Posted: 24 February 2010 | 10:39
Barracuda Group has posted a £336,000 pre-tax loss on a turnover of £33m for 2009. The firm, which manages pubs under the Smith & Jones, Varsity, Barracuda Bar, Juniper and Cape brands warned that the pub industry continued to face "considerable challenges" due to the recession ...
Posted: 15 February 2010 | 17:24
In this week's Caterer and Hotelkeeper - and on our sister website, Caterersearch.com - we catch up with recently crowned two-Michelin-star chef Brett Graham of the Ledbury in London. Trade, which continued to be solid for the restaurant through 2009, has of course been enhanced in the past few weeks...
Posted: 12 February 2010 | 12:16
As many as 40 hotel companies could go into administration in the first quarter of 2010 alone, an insolvency expert has warned. The prediction comes as official insolvency figures showed a 161% increase in the number of hotel firms falling into administration in 2009, compared with 2008.
Posted: 10 February 2010 | 15:07
Hospitality and food and beverage industry bosses are more optimistic about recovery in the sector than they were 12 months ago. That's the result of a survey of 311 executives by London-based management Allegra Strategies. But senior industry figures were still cautious about the prospects for 2010...
Posted: 03 February 2010 | 10:32
Topics covered in our weekly briefing include: recession 'over' but employee engagement has plummeted; Agency Workers Directive could cut number of temps employed; and calls to scrap forced retirement.
Posted: 29 January 2010 | 15:00
The UK economy has officially emerged from recession, but only by the skin of its teeth. Positive growth of 0.1% in the last three months of 2009 may have brought to an end a run of six successive quarters of economic contraction - the longest UK recession on record - but it still fell below many analysts' expectations.
Posted: 29 January 2010 | 14:15
A lack of corporate customers has rocked independent provincial hotels, as it was revealed that insolvencies in the hotel sector have rocketed. New figures from PricewaterhouseCoopers (PWC) showed that insolvencies fell all UK industry sectors apart from hospitality and leisure...
Posted: 26 January 2010 | 10:24
A round-up of the weekend's news affecting the hospitality industry. News includes: Gordon Ramsay angers recruitment firm – and TV viewers; Ducasse laments loss of home cooking skills in France; Suffolk Center Parc beefs up security after crime spree; Jamie Oliver to launch barbecue-based brand and more…
Posted: 25 January 2010 | 10:30
A restaurant predicted to fail by Gordon Ramsay has closed three years after it opened. The celebrity chef – who’s business Gordon Ramsay Holdings International posted a pre-tax loss of £4.3m this week – told Barry Larsen on Ramsay’s Kitchen Nightmares that he should concentrate on French restaurant Abstract in Inverness and not expand his business to Edinburgh.
Posted: 13 January 2010 | 14:03
Many in hospitality will have greeted New Year's Eve's midnight chimes not with Champagne and singalongs, but with an almighty sigh of relief. A decade that opened to the crackle of Millennium fireworks closed to the plaintive sound of operators thanking their lucky stars...
Posted: 11 January 2010 | 15:23
Domino’s Pizza, the UK’s biggest pizza delivery company, remains recession-proof as the company announces surging sales despite the continuing sluggish economy. The Britain’s Got Talent sponsor reported impressive growth with a like-for-like sales lift of 8.6% at its 501 mature stores...
Posted: 11 January 2010 | 12:36
The catering supplies industry will slowly emerge from the malaise of the last two years during 2010 providing some comfort for hospitality operators concerned about their supply chain, a new report predicts. The Industry Analysis – Catering Supplies report, by analyst firm Plimsoll...
Posted: 06 January 2010 | 10:32
The industry can look back on 2009 with relief that predictions of widespread carnage had been exaggerated. Many businesses have proved resourceful in the face of economic meltdown, but the year hasn't been without its casualties, as Daniel Thomas reports.
Posted: 23 December 2009 | 12:24
For this week's cover feature, Festive Seasoning, we invited industry movers and shakers to describe their favourite part of 2009.
"Seeing the end of it", responded restaurateur Claudio Pulze. "What a terrible year for our industry".
As for what we should all look forward to most in 2010, Compass Group's UK executive chef Nick Vadis spoke for us all when he said "getting out of the economic downturn and putting the Great back into Britain".
Posted: 18 December 2009 | 13:57
They say that if you look after the pennies, the pounds will look after themselves. Faced with a global economic downturn, smart operators are using every trick in the book to extract maximum value from their customers, suppliers and business processes.
Posted: 11 December 2009 | 14:03
Troubled pub operator Pubs 'n' Bars has gone into administration David Thurgood, Trevor O'Sullivan and Nick Wood of Grant Thornton have been appointed as administrators of the firm, which runs 87 "community pubs" in the South East. The move comes days after the AIM-listed firm requested...
Posted: 09 December 2009 | 10:33
When times are tough, it makes sense to look at some of the cheaper cuts of meat and
poultry. As ever, the trick is to buy a good-quality product, as Tom Vaughan reports.
Posted: 04 December 2009 | 15:39
Not long ago it was considered the land of plenty, where cash was as abundant as the searing sun that heated its rooftop pools. But the economic sands of time have caught up with Dubai, and overnight the state has slid into the financial funk that had hitherto only affected the wider world.
Posted: 04 December 2009 | 07:00
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