Performance in the three months ended 30 September 2014 was in line with expectations, with organic net sales down 1.5% and volume down 3.5%, as Diageo again drove good mix from the stronger performance of its reserve brands, up 10%. On a reported basis, net sales declined 1.7% in the quarter as a result of the organic movement; negative foreign exchange, mainly in respect … [Read more...]
Young’s acquires 580 Limited and 4 pubs
Young and Co.’s Brewery has acquired the entire issued share capital of 580 Limited, a company that through itself and its subsidiaries owns and operates four pubs in prime London locations. The total consideration is £10.4 million on a debt free basis. The pubs will all fit well within the Young’s and Geronimo managed house estate – they each have a premium offering and … [Read more...]
Accor third quarter up 4.6%, strong in UK
Accor has announced third quarter revenue figures up 4.6% like-for-like and confirmed its full-year EBIT target between €575 million and €595 million. The vast majority of the Group’s markets reported solid third-quarter growth, for total revenue of €1,459 million, up 4.6% like-for-like pro forma and 3.3% as reported. This consolidates the positive trend observed in the … [Read more...]
Paul Nisbett named HOSPA finance community chair
Paul Nisbett, finance and commercial director of The Hotel Collection has been named HOSPA finance community’s chair, succeeding Diana Mountain, who previously held the post. Nisbett, who joined The Hotel Collection in April 2012 as finance & commercial director, will perform his duties as chair alongside his current role within the hotel portfolio. HOSPA is the … [Read more...]
Discover your inner pizza-nality
Your inner psyche can be summed up according to your favourite pizza topping, according to world-renowned Smell and Taste expert Dr Alan Hirsch, who teamed up with PizzaExpress to identify what the most popular pizza toppings suggest about someone’s personality. Dr Hirsch’s study also reveals which are the most romantically compatible. The research found that pepperoni … [Read more...]