Strong December results contributed to a great year for the UK hotel industry with gross operating profit per available room (GOPPAR) showing growth for London and the UK Provinces compared to 2013. South West hoteliers brought their share to the nation’s success with GOPPAR increasing by 9.0% in 2014, according to the latest data from the HotStats UK Chain Hotels market Review … [Read more...]
Euro Garages sales climb 50%
Euro Garages, the fast-growing forecourt retailer, has grown sales by nearly 50% by further expanding its UK footprint and luring new customers with its brand partnerships and retail experience. Turnover up 47% to £646 million In results for the year to July 31 2014, the Blackburn-based company saw turnover climb to £646million, a rise of 47% compared with 2013 … [Read more...]
PIZZA ROSSA in overfunding on CrowdCube
Pizza Rossa, the artisanal pizza-by-the-square-slice concept with two city branches, has exceeded its target on the CrowdCube platform, with a total investment to date of £150,310 from 105 investors. There are another seven days left to the end of the campaign, which offers an equity stake in the company; investments may be eligible for EIS (Enterprise Investment Scheme) tax … [Read more...]
Maclay Group enters administration
The directors of Maclay Group plc have announced that they have appointed EY as Administrators, stating that: “In recent months the directors have been seeking a strategic solution to the financial pressures facing the business. In light of a solution not emerging in the time available, the directors took this decision in order to protect the employment of its 500 staff and … [Read more...]
Hub by Premier Inn: another winner for Whitbread
Wyn Ellis at Numis has issued a positive note on Whitbread after an analysts’ visit last week to the hub in St Martin’s Lane, London – the first to open, but already there’s a pipeline of 13 to come. His conclusion: “It is early, but initial trading at St. Martin's Lane has been encouraging and we believe that Whitbread may have hit upon another winning formula. We are … [Read more...]