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

News in brief

06 February 2006

Capital Pub Company expands
London's Capital Pub Company has bought 10 west London pubs from Spirit Group. Capital, which is funded through two Enterprise Investment Schemes, has recently raised £3.6m through corporate financiers Noble & Company to finance the deal. It brings Capital's freehold estate to 26, after the sale of the White Hart pub in the City of London last month and leasing of the Balham Arms, Balham, to a third-party, Scott Collins.

InterContinental sell-off
InterContinental Hotels Group (IHG) is disposing of a further £600m-worth of European hotels. Seven InterContinental-branded properties in Amsterdam, Budapest, Cannes, Rome, Frankfurt, Madrid and Vienna have been put on the market complete with management contracts. It also plans to dispose of its owned mid-scale European hotel portfolio, but will retain the IHG branding. So far, the hotel company has disposed of, or is in the process of disposing of, 176 hotels with a net value of more than £2.8b, returning £1.9b to shareholders of the £2.25b originally promised.

BaxterStorey grows
BaxterStorey added 30 contracts worth £16m to its books in its first full year of trading. Following the merger of Wilson Storey Halliday and BaxterSmith in November 2004, turnover at the UK's largest independent contract caterer went from £85m (the combined sum for both previous companies) to £101m in 2005. Pre-tax profit is estimated to be £3.5m-£4m before exceptional items. The company operates 154 contracts across 281 sites.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

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