South Coast nightclub owner squeezed by credit crunch – For more hospitality stories, see what the weekend papers say

28 July 2008 by
South Coast nightclub owner squeezed by credit crunch – For more hospitality stories, see what the weekend papers say

South Coast nightclub owner squeezed by credit crunch
Read the full article in the Sunday Express >>

Rising costs hit Britvic pub sales
The news that sales of Britvic's line of soft drinks were under pressure in pubs sliced 7% off the group's share price, which closed at 237p. The British soft drinks maker said the rising cost of food and fuel was prompting pub customers to save money and stay at home, and warned that conditions would remain challenging in the licensed on-premise market. Despite the problems in the pub sector, the group - which has the UK franchise for Pepsi - boosted sales by 29.9% to £690m in the nine months to 30 June. - 26 July, Read the full article in the Times >>

Another profit warning slashes £400m off Rentokil market value
Shares in Rentokil Initial slumped by more than 30% yesterday after the pest control and services group issued its fourth profit warning since December. The shares fell by 30.75p to 70.75p, wiping nearly £400m off the group's market value to around £1.3b. The pest-control and parcel-delivery business which has a contract catering arm blamed one-third of the profits downgrade on the slowing economy and the rest on poorly-integrated acquisitions and misguided cost-cutting plans by previous management. It has downgraded full-year pre-tax profits to £116m, £35m lower than May forecasts. First-quarter pre-tax profits fell by nearly 80% to £5m. - 26 July, Read the full article in the Guardian >>

Parents to get fat reports to combat child obesity
Parents are to receive ‘fat reports' from schools detailing their child's weight under new Government plans to tackle rising levels of childhood obesity. The initiative follows warnings from the British Medical Association that a quarter of all children will be obese by 2020. The rules will be introduced with the new school year in September, when primary schools will also have to comply with new nutritional standards as part of the drive to encourage healthier eating. Parents will be sent reports showing the weight of children aged between four and five and 10 and 11, along with information about healthy eating and physical activity. According to recent figures, one in 10 children aged four and five are obese and a further 13% are overweight. For 10 to 11-year-olds the figures rise to 17.5% and 14.2% respectively. - 27 July, Read the full article in the Daily Mail >>

By Angela Frewin

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