Whitbread, the owner of the Costa coffee and Premier Inn chains, yesterday became the latest company to cut into workers’ pension provision as it outlined plans to shut its generous final-salary scheme to existing staff.
The leisure group said that 800 employees, or about 3 per cent of the workforce, would be affected.
Read more:
Saturday, September 5, 2009
No buyer, no chef and a €50 million legal wrangle for Hôtel de Crillon in Paris
It is the grandest hotel in France, with suites costing up to €8,220 (£7,150) a night and a register signed by the likes of King George V, Sir Winston Churchill and Charlie Chaplin.
But Hôtel de Crillon in Paris is in limbo — lacking a chef for its Michelin-starred restaurant and awaiting a renovation — amid a legal wrangle over its sale by its US owner Starwood Capital, the investment firm.
Read more:
But Hôtel de Crillon in Paris is in limbo — lacking a chef for its Michelin-starred restaurant and awaiting a renovation — amid a legal wrangle over its sale by its US owner Starwood Capital, the investment firm.
Read more:
INNSUITES HOSPITALITY TRUST (IHT) REPORTS FIRST QUARTER EARNINGS
Adjusted EBITDA declined by 35.5% from $2.2 million to $1.4 million
Net income attributable to Shares of Beneficial Interest decreased to $532,000, or $0.06 per basic share, for the three months ended April 30, 2009 from $1.5 million, or $0.16 per basic share, for the three months ended April 30, 2008, primarily due to a decline in revenue due to lower occupancy and an increase of $479,000 in depreciation expense.
Revenues for the first quarter of fiscal 2010 of $5.5 million were down $1.3 million, or 19.0%, compared to $6.8 million in the prior year period, reflecting the current economic environment.
The Trust continues to proactively review and reduce operating expenses to offset declining revenue.
Read more:
Net income attributable to Shares of Beneficial Interest decreased to $532,000, or $0.06 per basic share, for the three months ended April 30, 2009 from $1.5 million, or $0.16 per basic share, for the three months ended April 30, 2008, primarily due to a decline in revenue due to lower occupancy and an increase of $479,000 in depreciation expense.
Revenues for the first quarter of fiscal 2010 of $5.5 million were down $1.3 million, or 19.0%, compared to $6.8 million in the prior year period, reflecting the current economic environment.
The Trust continues to proactively review and reduce operating expenses to offset declining revenue.
Read more:
Krispy Kreme Reports Operating Income of $2.9 Million for the Second Quarter of Fiscal 2010 -- Net Income Nears Breakeven
Second Quarter Highlights:
-- Operating income for the second quarter was $2.9 million compared to an
operating loss of $1.0 million in the second quarter last year
-- The Company posted a net loss of $157,000 in the second quarter (nil per
share) compared to a net loss of $1.9 million ($0.03 per share) in the
second quarter last year
-- Same store sales at Company-owned stores rose 5.9% year-over-year in the
second quarter, compared to a gain of 2.1% in the first quarter this
year and a decline of 4.1% in the second quarter last year
Read more:
-- Operating income for the second quarter was $2.9 million compared to an
operating loss of $1.0 million in the second quarter last year
-- The Company posted a net loss of $157,000 in the second quarter (nil per
share) compared to a net loss of $1.9 million ($0.03 per share) in the
second quarter last year
-- Same store sales at Company-owned stores rose 5.9% year-over-year in the
second quarter, compared to a gain of 2.1% in the first quarter this
year and a decline of 4.1% in the second quarter last year
Read more:
