Cafe Rouge owner to buy Paramount July 4, 2010 BLACKSTONE-BACKED restaurant owner Tragus is eyeing a takeover bid for industry rival Paramount Restaurants. The Cafe Rouge, Bella Italia and Strada owner is in discussions over a bid for Paramount that could value the firm at £50m. Paramount, which owns restaurant chains including Cafe Uno and Bertorelli, was taken over by its lenders last year [...]
Tequila’s birthplace gives the drink a whole new spin… July 4, 2010 I’M drinking Tequila for the first time in years, as fingers of blazing Mexican sun poke down between the swaying branches of a shady tree. I can’t quite believe that I’m sipping firewater on the lawn outside a picture postcard 150 year-old hacienda – a Mexican manor house – as I eat a splendid lunch [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 1, 2010 FINANCIAL TIMES GENERAL ELECTRIC CHIEF VENTS FRUSTRATION OVER CHINA The GE chief executive Jeff Immelt told Italian industrialists at a dinner on Wednesday that he was worried about the way Beijing was treating foreign companies. “I am not sure that in the end they want any of us to win or any of us to [...]
Greene King toasts profit July 1, 2010 PUB company Greene King reported a 3.8 per cent increase in full-year pre-tax profit yesterday and said it had made an encouraging start to its current fiscal year. The pub, which operates 2,472 pubs and restaurants across Britain, reported a pre-tax profit of £123m in the year to 2 May. Greene King said sales at [...]
Surrey is still the homeliest home county July 1, 2010 IF you are looking for a family home, Surrey is a good place to start. Unlike some of the suburbs closer to London, Surrey has villages with character and history, fine pubs and some wonderful schools. Many of Surrey’s best spots also have a direct connection to Waterloo, an easy hop from the City. The [...]
The Gaul the world loves June 30, 2010 I’VE visited a lot of restaurants in London: flashy ones, rustic ones, refined European ones, rooftop ones, flamboyantly ethnic ones and ones that closed after not very long at all. My favourite, on many levels, is Sketch – less a restaurant than a pleasure dome. I love that an eccentric man greets you and speaks [...]
Spirits high at SSG after vodka boost June 27, 2010 STOCK Spirits Group (SSG) has turned in a record profit – fuelled by sales of the fastest growing vodka brand in the world. The company’s annual revenue soared by 17 per cent to €262m (£216m) in 2009 compared with the previous year. Earnings – before tax interest, taxes and amortisation – were up 46 per [...]
Thriller machine Patterson is back with another gripper June 23, 2010 Private by James Patterson Century £18.99 It’s fair to say that James Patterson is to thrillers what McDonalds is to food: a fast-paced outlet for easy, tasty matter. Except, unlike the fast food chain, Patterson is a brand associated with sophisticated fare, as well as one that nourishes the mind and the human appetite for [...]
Premier Inn gives a boost to Whitbread June 22, 2010 A RISE in bookings and higher room charges at Premier Inn helped first-quarter sales at owner Whitbread grow 7.6 per cent year-on-year. The group, which also owns Costa Coffee and the Beefeater and Brewers Fayre pub-restaurant chains, said comparable sales at Premier Inn were up 10.5 per cent in the 13 weeks to 3 June. [...]
Board shake-up at Mitchells & Butlers as finance chief quits to join Rentokil June 22, 2010 PUBS and restaurant group Mitchells & Butlers (M&B) has appointed Interserve’s Tim Jones as finance director replacing Jeremy Townsend, who will join Rentokil as chief financial officer at the end of August. Meanwhile, Interserve said Tim Jones, who has handed in his resignation in order to take up the role at M&B, will remain at [...]