Finance

A rise in interest rates could be disasterous for some hospitality businesses

Hospitality sector welcomes interest rate decision

By Lorraine Heller

The Bank of England is holding its interest rate at the record low of 0.5 per cent, a decision that allows the UK’s restaurant, pub and hotel sector more time to recover from a hit to consumer spending.

Pubs n Bars' subsidiary company Moorgate Taverns  is placed into administration

Moorgate Taverns goes into administration

By Emma Eversham

Moorgate Taverns, a subsidiary of Pubs n Bars and owner of 10 pubs in Hertfordshire, Oxfordshire and on the south coast of England falls into the hands of administrators following financial losses

IRC remains on target to expand the Piccolino and Bar & Grill brands

Recession eases off for Piccolino operator

By Becky Paskin

Individual Restaurant Company, operator of the Piccolino and Bar & Grill brands, believes its ‘robust’ business models will see it through the dregs of the recession

Paramount restructures

Paramount restructures

By Stefan Chomka

The Chez Gerard owner announces a financial restructuring of the business following private equity owner Silverfleet Capital's sale of its entire interest in the company to its existing lenders

Train staff and survive the recession

Train staff and survive the recession

By Becky Paskin

Businesses are warned if they don’t invest in training instead of making redundancies, they are more likely to fall victim to the recession