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Whitbread PLC (WTB.L)

WTB.L on London Stock Exchange

3,973.00GBp
14 Aug 2018
Change (% chg)

3.00 (+0.08%)
Prev Close
3,970.00
Open
3,985.00
Day's High
3,996.00
Day's Low
3,959.00
Volume
257,120
Avg. Vol
592,671
52-wk High
4,573.00
52-wk Low
3,499.90

Latest Key Developments (Source: Significant Developments)

Costa Coffee Owner Whitbread Cutting Hundreds Of Management Roles - The Independent
Monday, 2 Jul 2018 

July 2 (Reuters) - :COSTA COFFEE OWNER WHITBREAD CUTTING HUNDREDS OF MANAGEMENT ROLES - THE INDEPENDENT.WHITBREAD WILL LET AT LEAST 250 MANAGERS GO AS PART OF A RESTRUCTURING OF ITS RESTAURANT BUSINESS - THE INDEPENDENT.  Full Article

Whitbread Says Expects To Deliver FY Results In-Line With Expectations
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Whitbread PLC ::QTRLY TOTAL SALES UP 3.2 PERCENT.EXPECT TO DELIVER FULL YEAR RESULTS IN-LINE WITH EXPECTATIONS.CONSTRUCTIVE EARLY STEPS HAVE BEEN TAKEN IN PREPARATION FOR COSTA DEMERGER.ON COSTA DEMERGER, GOOD PROGRESS CONTINUES TO BE MADE ON CORE INFRASTRUCTURE AND EFFICIENCY WORK THAT WAS ALREADY UNDERWAY.UK TOTAL LIKE FOR LIKE SALES DOWN 1.3 PERCENT FOR Q1.EXPECT TO DELIVER IN-LINE WITH EXPECTATIONS FOR FULL YEAR.COSTA UK GREW TOTAL SALES BY 5.2% IN QUARTER.PREMIER INN UK DELIVERED TOTAL ACCOMMODATION SALES GROWTH OF 4.3% IN QUARTER.SAYS "LIKE-FOR-LIKE SALES IN CHINA ARE GROWING".HOTEL MARKET WAS WEAKER IN Q1 DUE TO STRONG COMPARABLE DATA THIS TIME LAST YEAR AND INCREASED SUPPLY.  Full Article

Whitbread Announces Appointment Of Richard Gillingwater As Non-Executive Director
Tuesday, 8 May 2018 

May 8 (Reuters) - Whitbread PLC ::WHITBREAD PLC - APPOINTMENT OF RICHARD GILLINGWATER AS A NON-EXECUTIVE DIRECTOR AND SENIOR INDEPENDENT DIRECTOR WITH EFFECT FROM 27 JUNE 2018..  Full Article

Whitbread Says FY Underlying Pretax Profit Rose 4.5 Pct
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Whitbread PLC ::FY UNDERLYING PRETAX PROFIT ROSE 4.5 PERCENT TO 591 MILLION STG.FINAL DIVIDEND UP 5.8 PERCENT TO 69.75 PENCEPER SHARE.FY REVENUE ROSE 6.1 PERCENT TO 3.3 BILLION STG.FY COSTA UNDERLYING OPERATING PROFIT AT 159 MILLION STG VERSUS 158 MILLION STG YEAR AGO.FY COSTA REVENUE AT 1,292 MILLION STG VERSUS 1,202 MILLION STG A YEAR AGO.TOTAL PREMIER INN REVENUE (INCLUDING F&B) GREW 5.4% IN FY18 TO JUST OVER £2 BILLION.FY PREMIER INN & RESTAURANTS UNDERLYING OPERATING PROFIT AT 498 MILLION STG VERSUS 468 MILLION STG YEAR AGO.BOARD HAS FOR SOME TIME BEEN FULLY ALIGNED TO VIEW THAT SEPARATING PREMIER INN AND COSTA AT RIGHT TIME WOULD ENHANCE FOCUS.BOARD HAS FOR SOME TIME BEEN FULLY ALIGNED TO VIEW THAT SEPARATING PREMIER INN AND COSTA WOULD ENABLE VALUE TO BE OPTIMISED FOR SHAREHOLDERS OVER LONGER-TERM.  Full Article

Whitbread Says Remain 'Open-Minded' To Investor Suggestions
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Whitbread Plc ::BOARD CONTINOUSLY REVIEWS STRUCTURE OF THE BUSINESS, REMAIN 'OPEN-MINDED' - CONF CALL‍​.  Full Article

Whitbread Says Q3 Total Group Sales Growth Of 5.6 Pct
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Whitbread Plc ::‍GOOD TOTAL SALES GROWTH OF 6.8% YTD AND ON TRACK TO MEET FULL YEAR EXPECTATIONS​.‍Q3 TOTAL GROUP SALES GROWTH OF 5.6%​.‍Q3 GROUP UK LIKE-FOR-LIKE SALES GROWTH OF 0.3% ​.‍PREMIER INN UK ACHIEVED TOTAL HOTEL SALES GROWTH OF 5.5% IN QUARTER​.‍WELL-PUBLICISED WEAK RETAIL MARKET FOOTFALL IS NEGATIVELY IMPACTING OUR HIGH STREET COSTA STORES' LIKE-FOR-LIKE PERFORMANCE.‍COSTA UK HAS DELIVERED STRONG TOTAL SALES GROWTH OF 7.2% IN QUARTER​.‍COSTA IN CHINA CONTINUES ITS GOOD MOMENTUM WITH ANOTHER QUARTER OF POSITIVE LIKE-FOR-LIKE SALES GROWTH​.‍"DO EXPECT TOUGH UK HIGH STREET ENVIRONMENT AND INFLATION IN OUR SECTOR TO CONTINUE TO POSE CHALLENGES IN YEAR AHEAD"​.  Full Article

Whitbread Says Chairman Richard Baker To Retire
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Whitbread Plc ::ANNOUNCES RETIREMENT OF RICHARD BAKER AS CHAIRMAN AND APPOINTMENT OF ADAM CROZIER​.‍CHAIRMAN, RICHARD BAKER, WILL BE RETIRING FROM BOARD AT NEXT FINANCIAL YEAR END, 28 FEBRUARY 2018​.  Full Article

Whitbread says H1 revenue at 1.67 bln stg vs 1.55 bln stg yr ago
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Whitbread Plc ::INTERIM DIVIDEND 31.4 PENCEPER SHARE.H1 REVENUE AT 1.67 BILLION STG VERSUS 1.55 BILLION STG YEAR AGO.H1 ‍STRONG BALANCE SHEET WITH NET DEBT REDUCED TO £852 MILLION​.H1 ‍PREMIER INN UNDERLYING OPERATING PROFIT GROWTH TO £295 MILLION, COSTA CONSTANT AT £65 MILLION​.H1 ‍UNDERLYING PROFIT BEFORE TAX AT £328M VERSUS £307M, UP 6.7%​.H1 ‍UNDERLYING OPERATING PROFIT AT £342M VERSUS £320M, UP 7.1%​.‍FY18 OUTLOOK NO OVERALL CHANGE TO GROUP EXPECTATIONS​."‍PREMIER INN IS ON TRACK TO HAVE 85,000 ROOMS BY 2020 FROM 70,120 ROOMS AT END OF HALF"​.‍EXPECT TO MEET EXPECTATIONS FOR FULL YEAR​.‍NOW COMPLETED EXIT OF ALL NON-CORE INTERNATIONAL OPERATIONS FOR BOTH PREMIER INN AND COSTA​.WHITBREAD - ‍COSTA REMAINS ON TRACK TO DELIVER 230-250 NEW STORES AND APPROXIMATELY 1,200 NEW COSTA EXPRESS MACHINES IN FULL YEAR​.‍NEW HOTELS WITHIN UK ARE EXPECTED TO CONTRIBUTE APPROXIMATELY 5-6% TO TOTAL SALES GROWTH FOR FULL YEAR​.‍PREMIER INN IN FIRST HALF HAD REVENUE INCREASING 6.4% TO 1.052 BILLION STG​.  Full Article

Whitbread says senior independent director Ian Cheshire to step down
Wednesday, 24 May 2017 

May 24 (Reuters) - Whitbread Plc ::Ian Cheshire will step down from Whitbread board, and as senior independent director, at end of Whitbread's board meeting on 21 st sept.Adam Crozier, who joined board on April 1, will become senior independent director with effect from end of same meeting.  Full Article

UPDATE 1-Whitbread to cut restaurant manager jobs in reorganisation

July 2 Britain's Whitbread Plc is planning to simplify the management teams in its restaurants business, resulting in a number of managers leaving the company, it said on Monday.