The latest Greene King Leisure Spend Tracker Report shows a fall in consumer confidence is likely to be responsible for British households spending 6% less on leisure during September. According to the figures, household leisure spend was down £13 to £207 in September compared to the same month last year. The report also reveals there was a greater decline in spend among … [Read more...]
IHG well positioned with strong third quarter performance
IHG’s Third Quarter Interim Management Statement reveals RevPAR growth of 7.0% - double digit in the UK, and system growth to 697k rooms, with a strong pipeline. Hotel Indigo is now up to 119 hotels, and Staybridge Suites has reached 200. Wyn Ellis of Numis commented on the positive results and prospects: “We consider IHG to be a well managed business with an attractive … [Read more...]
Spirit results to August 2014: well positioned for growth
Spirit has reported its unaudited preliminary Results for the 53 weeks to 23 August 2014, with EBITDA up 4%, Profit before tax up 8%, and net debt down 9%. The results further clarify Greene King’s current strong interest in acquiring Spirit, with Mike Tye, CEO commenting below on Spirit’s strong portfolio of brands and being positioned for growth: “It’s been a strong year … [Read more...]
Craft Guild begins 50th celebrations
The Craft Guild of Chefs has cooked up something extra special to celebrate its 50th anniversary - a commemorative book which dishes up the association’s fascinating story so far. The Golden Review and Desk Diary also includes everything from a nostalgic look at some of the UK’s culinary greats to a priceless spotlight on a celebrated chef whose vast collection of menus even … [Read more...]
Energy saving tops agenda at CESA 2014 Heavy Equipment Forum
Energy saving was the big topic at the inaugural Heavy Equipment Forum organised by CESA and held on 15 October 2014. Many of the products on show highlighted how much technologies have changed in recent years, including refrigerators that use just 15% of the energy compared to the equivalent model available in 2001; ventilation that incorporates heat recovery systems; panini … [Read more...]