Play it again, Sam 13 December 2019 Sam Harrison returns to the floor at Hammersmith’s Riverside Studios, where his brasserie is set to be a blockbuster
In this week's issue... Play it again, Sam Sam Harrison returns to the floor at Hammersmith’s Riverside Studios, where his brasserie is set to be a blockbuster
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Prices hit by market gloom

01 January 2000
Prices hit by market gloom

Bad weather, the World Cup, and fears over recession and interest rate rises took their toll on share prices across the board.

City analysts point to a continuing lack of growth in the food sector to explain why only a handful of hospitality companies bucked the downward trend in share value - notably Ryan Hotels (up 9.30%) and Hanover International (up 3.16%).

A rise of 3.23% was recorded by Thistle Hotels, which this week hopes to receive indicative offers after talks with a dozen potential buyers believed to include Stakis, Nomura International and some US groups.

Scottish & Newcastle boosted the value of its shares by 1.47% after announcing a 13% rise in pre-tax profits (see left).

Cliveden's share price continued to fall, this week by 5.08%. It is recommending the £42.8m offer from Destination Europe, the US group that includes Microsoft supremo Bill Gates.

Biggest losses were suffered by Compass (down 8.56%), Queens Moat Houses (7.69%) and Slug & Lettuce (6.94%).

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