Caterer and Hotelkeeper – 29219
share watch
Because of the bank holiday, this week's sharewatch table is based on the stock's closing price last Thursday night.
Last week Bass moved ahead a little, on the back of strong hotel statistics in the USA, while Whitbread shares, which have been strong in recent weeks, dipped. The only company to announce results in an otherwise quiet week was Friendly Hotels.
TABLE: Value (pence) Value (pence) Actual % change rel.
at 22/08/94 at 26/08/94 % change to FTSE
Bass 572.00 588.00 2.80 0.30
Stakis 87.00 88.00 1.15 -1.31
Forte 244.00 246.00 0.82 -1.63
City Centre Restaurants 76.00 76.50 0.66 -1.79
Granada Group 502.00 505.00 0.60 -1.85
Savoy Hotel A 940.00 945.00 0.53 -1.91
Whitbread 576.00 577.00 0.17 -2.26
Ladbroke Group 171.00 171.00 0.00 -2.43
Compass Group 346.00 346.00 0.00 -2.43
PizzaExpress 129.00 129.00 0.00 -2.43
Alpha Airports 164.00 163.00 -0.61 -3.03
FTSE Leisure & Hotels 2133.51 2155.19 1.02 -1.44
Source: Kleinwort Benson Securities
foreign favourites
As part of its weekly market research on eating out trends for a syndicate of restaurant clients, Taylor Nelson, a research company, asked consumers about their interest in foreign foods.
This charts shows that interest in Mexican, African and Malayan cuisine is not high in the UK and indicates that these styles are not likely to gain much ground here. The interest in Chinese and Indian food, however, goes from strength to strength.
Forte force
In a survey by the Ashdown Group of general managers' perceptions of the major hotels groups, Forte featured strongly.
Three-quarters of the 100 managers questioned considered Forte's marketing to be better than that of other groups, though Hilton was thought to pay better attention to its guests' needs.
But despite its overall dominance, Forte failed to feature as a company any of the general managers would want to work for. The survey notes this as a major weakness.
