Luxury London hotel sale boosts profit at family empire January 23, 2025 The sale of a luxury hotel in London significantly boosted the profit of a family empire which has set its sights on further expansion across the UK. Apex Hotels, which was founded by Norman Springford, has posted a pre-tax profit of £28.4m for the year to 30 April, 2024, after selling Apex London Wall Hotel [...]
Why you should still go to the pub in Dry January January 2, 2025 Dry January has crept up on us once again — a month in which avid pub-goers look to kickstart a healthier year ahead. For some, it’s a month to start fresh with new beginnings. For others, such as the hundreds of independent pubs across the nation looking for growth, it is yet another challenge. Especially [...]
Gary Neville’s hotel makes huge loss after Tom Kerridge closure January 2, 2025 A hotel owned by Gary Neville and Ryan Giggs slumped further into the red after the closure of Tom Kerridge’s restaurant, it has been revealed. The Stock Exchange Hotel in Manchester city centre has also posted falling sales despite the publicity it received after Madonna booked the entire hotel out while she was performing in [...]
Behind the Scenes with Lisa O’Rahilly: Ten Trinity Square’s General Manager December 19, 2024 | Sponsored Q: To start, can you tell us a little bit about your background and how you ended up at Ten Trinity Square Members Club?Lisa: “The short version! I’m Irish, and I’ve spent over 25 years globe-trotting with Four Seasons, calling three continents home—Australia, the US, Europe—and even spending a few adventurous months in Russia. I [...]
Tom Kerridge warns Budget tax hike will have ‘catastrophic’ effect on hospitality firms December 3, 2024 Tom Kerridge has warned that the government's tax hikes will have a "catastrophic" impact on many hospitality firms in the new year.
Loss widens at Shangri-La Hotel at The Shard November 28, 2024 The five-star Shangri-La Hotel at The Shard is eyeing an improvement in its financial performance in 2024 despite its pre-tax loss widening during its latest year. The hotel has reported a pre-tax loss of £7.3m for 2023, according to newly-filed accounts with Companies House. The figure compares to the £6m pre-tax loss it posted in [...]
Smithfield meat market to close: ‘Farringdon will be losing part of its history’ November 26, 2024 The fate of City institution Smithfield market was decided yesterday, with the City of London Corporation announcing the last chops will be sold after 2028. Local business owners reacted with dismay to the news. Graham Chatham, chef patron of Origin City and 56 West Smithfield said: “It’s terribly sad to see the market close after [...]
Labour cheered 1p off a pint but the Budget leaves a vicious hangover November 6, 2024 As Rachel Reeves delivered her Budget one week ago, the loudest cheer on the government benches came when she declared that her policies will take 1p off the cost of a pint. Labour was so pleased with this bit of good news that the claim dominated their post-match social media output. This self-congratulatory victory lap [...]
Hawksmoor: Sales and profits sizzle as steak chain hunts for a buyer October 29, 2024 Sales and profit both surged at Hawksmoor during its latest financial year ahead of a potential sale which could value the steakhouse chain at £100m. The London-headquartered business has reported a turnover of £89.7m for 2023, up from the £73.9m it achieved in 2022. Newly-filed accounts with Companies House have also revealed that the firm’s [...]
Employer National Insurance hike could risk jobs amid 95,0000 vacancies October 15, 2024 Increasing employers’ national insurance contributions (NICs) could pose a risk to jobs amid some 95,000 vacancies across pubs and restaurants, a hospitality lobby group has warned. Data released from the Office for National Statistics (ONS) today revealed there are a “stubbornly high” 95,000 openings across the sector, including in venues, cafes and eateries. Hospitality UK [...]