Finance

News

Pandemic sees Premier Inn owner plunged into a loss

27 April 2021 by

The effects of the pandemic on Premier Inn owner Whitbread have become apparent in the group’s 2021 financial year results with a statutory pre-tax loss of £1b.

Advice

Lessons learned from the Recovery Summit and the revenue streams that will drive hospitality in 2021

09 April 2021 by

The Recovery Summit gathered advice from across the industry, discovering how pandemic pivots can be made permanent and identifying the revenue generators of the future.

Just four weeks until The Caterer’s virtual Recovery Summit News

Just four weeks until The Caterer’s virtual Recovery Summit

02 March 2021 by

In less than a month innovative operators and experts will explore how hospitality businesses can shape[...]

Rishi Sunak to announce £5b grant scheme to help hospitality bridge the last leg of lockdown News

Rishi Sunak to announce £5b grant scheme to help hospitality bridge the last leg of lockdown

28 February 2021 by

Chancellor Rishi Sunak is to announce grants of up to £18,000 for hospitality businesses as part[...]

Hospitality groups see share surge following roadmap announcement News

Hospitality groups see share surge following roadmap announcement

24 February 2021 by

Several hospitality groups saw shares spike following Monday’s reopening roadmap confirmation, including IHG Hotels & Resorts,[...]

Accor 'will weather the storm' despite £335m loss News

Accor 'will weather the storm' despite £335m loss

24 February 2021 by

Accor has reported a €391m (£335m) loss before interest, tax, depreciation and amortisation (EBITDA), a fall[...]

Diageo reports 'encouraging return to growth' Products

Diageo reports 'encouraging return to growth'

28 January 2021

Global drinks firm Diageo has reported an “encouraging return to growth" in its half-year results, with strong growth in spirits.

Jamie Oliver sees restaurant collapse eat into profits News

Jamie Oliver sees restaurant collapse eat into profits

04 January 2021

Jamie Oliver’s wider business took a financial hit in 2019 due to the collapse of his UK restaurant empire.

Giggling Squid reports £38.4m turnover News

Giggling Squid reports £38.4m turnover

21 December 2020 by

Thai restaurant brand Giggling Squid has reported that its turnover for the year ending 29 March[...]

Airbnb valued higher than three largest global hotel groups combined on first day of trading News

Airbnb valued higher than three largest global hotel groups combined on first day of trading

11 December 2020 by

Airbnb was valued at $86.3b (£65.3b) following its debut on the Nasdaq stock exchange yesterday, worth[...]

Drink-led pub and bar groups suffer 90% sales drop across November News

Drink-led pub and bar groups suffer 90% sales drop across November

11 December 2020 by

Britain’s managed pub and restaurant groups saw sales wiped out in November as lockdown hit in[...]

Marston’s reports revenue of £821m and says business is 'fit for the future' News

Marston’s reports revenue of £821m and says business is 'fit for the future'

10 December 2020 by

Marston’s reported total revenue of £821m against £1.17b last year in its results for the year[...]

A penny saved is a penny earned, says Neil Rankin In-Depth

A penny saved is a penny earned, says Neil Rankin

27 October 2020

The restaurant sector is notoriously thriftless, says Neil Rankin, but it’s about time we ditched our wasteful ways.

Restaurateurs call for 'furlough-style' scheme to cover rents News

Restaurateurs call for 'furlough-style' scheme to cover rents

13 October 2020

Two Liverpool restaurateurs are calling for the introduction of a ‘furlough-style’ scheme for rents as businesses face mounting debts.

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking