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Whitbread PLC (WTB.L)

WTB.L on London Stock Exchange

2,053.00GBp
6:14pm IST
Change (% chg)

-20.00 (-0.96%)
Prev Close
2,073.00
Open
2,056.00
Day's High
2,087.00
Day's Low
2,028.00
Volume
247,937
Avg. Vol
895,809
52-wk High
4,462.28
52-wk Low
1,551.14

Latest Key Developments (Source: Significant Developments)

Whitbread Says Qtrly Total UK Like-For-Like Sales Growth Down
Tuesday, 7 Jul 2020 

July 7 (Reuters) - Whitbread PLC ::WHITBREAD - AS EXPECTED, OUR Q1 PERFORMANCE REFLECTS IMPACT OF CLOSURE OF OUR HOTEL AND RESTAURANT OPERATIONS, IN BOTH UK AND GERMANY, AT END OF MARCH..WHITBREAD - SUCCESSFUL COMPLETION OF £1BN RIGHTS ISSUE ON 10 JUNE WILL ENABLE US TO MAINTAIN OUR COMPETITIVE ADVANTAGE AND FINANCIAL FLEXIBILITY.WHITBREAD - Q1 TOTAL SALES DECLINE REFLECTS FACT THAT VAST MAJORITY OF UK AND GERMAN ESTATE WERE CLOSED FROM END OF MARCH.WHITBREAD - OVER 270 UK HOTELS AND 24 RESTAURANTS NOW REOPENED WITH MAJORITY OF REST OF ESTATE DUE TO REOPEN THROUGHOUT JULY.WHITBREAD - QTRLY TOTAL UK LIKE-FOR-LIKE SALES GROWTH DOWN 79.8%.  Full Article

Whitbread Says Closures Could Lead To Technical Default Under Banking Arrangement
Tuesday, 24 Mar 2020 

March 24 (Reuters) - Whitbread PLC ::WHITBREAD PLC - COVID-19 UPDATE.WHITBREAD - WHITBREAD'S FINANCIAL PERFORMANCE FOR YEAR ENDED 27 FEBRUARY 2020 IS EXPECTED TO BE IN-LINE WITH EXPECTATIONS.WHITBREAD - TRADING IN PERIOD SUBSEQUENT TO YEAR-END HAS BEEN MATERIALLY ADVERSELY IMPACTED BY COVID-19..WHITBREAD - HAS DECIDED NOT TO DECLARE A DIVIDEND FOR FULL YEAR FY20..WHITBREAD - IN DISCUSSIONS WITH UK GOVERNMENT REGARDING USE OF SOME HOTELS, IN LOCATIONS NEAR HOSPITALS, TO SUPPORT FRONT-LINE KEY WORKERS..WHITBREAD - PLANNING TO PLACE A SIGNIFICANT NUMBER OF OUR SITE TEAMS ON A TEMPORARY FURLOUGH.WHITBREAD - ALL EMPLOYEES REMAIN ON FULL PAY.WHITBREAD - REPAIRS AND MAINTENANCE CAPITAL EXPENDITURE HAS BEEN REDUCED TO A MINIMUM.WHITBREAD - WORKING THROUGH DETAILS OF RECENTLY ANNOUNCED GOVERNMENT SUPPORT PACKAGE, WHICH SHOULD PAY UP TO 80% OF SALARIES OF THOSE FURLOUGHED EMPLOYEES.WHITBREAD - POSSIBLE THAT HOTELS, RESTAURANTS CLOSURE MAY AMOUNT TO TECHNICAL EVENT OF DEFAULT UNDER BANKING ARRANGEMENTS, SOME FINANCIAL OBLIGATIONS.WHITBREAD - WILL BE PAYING ALL RENT PAYMENTS THIS QUARTER.  Full Article

Whitbread Q3 LFL Sales Dip; Sees FY In Line With View
Thursday, 16 Jan 2020 

Jan 16 (Reuters) - Whitbread PLC ::Q3 FY20 TRADING UPDATE.EXPECT TO DELIVER FY20 RESULTS IN-LINE WITH EXPECTATIONS.EFFICIENCY PROGRAMME PROGRESSING IN LINE WITH PLANS AND PARTIALLY OFFSETTING STRUCTURAL INFLATION.UK TOTAL SALES GROWTH 0.3% FOR Q3, MARGINALLY IMPROVING YEAR-TO-DATE RUN RATE.SOLID Q3 PERFORMANCE WITH TOTAL SALES GROWTH OF 1.0%.FY21 DEBT FINANCIAL INTEREST COSTS ARE EXPECTED TO BE £10 MILLION HIGHER THAN FY20 FOLLOWING RETURN OF CAPITAL DURING FIRST HALF OF THIS YEAR.QTRLY TOTAL UK LIKE-FOR-LIKE SALES DOWN 1.3%.QTRLY TOTAL UK SALES UP 0.3%.QTRLY UK & INTERNATIONAL SALES UP 1.0%.FY21 PLANNING ASSUMPTIONS INCLUDE CAUTIOUS APPROACH TO HOTEL DEMAND, ESPECIALLY RELATING TO BUSINESS CUSTOMER DEMAND IN REGIONS.SEES TOTAL NEW GROSS CAPACITY ADDITIONS OF APPROXIMATELY 4,500 NEW ROOMS ACROSS THE UK & IRELAND (C.3,000) AND GERMANY (C.1,500) IN FY21.GERMAN LOSSES WILL IMPROVE TO AROUND £10 MILLION NEXT YEAR AS THE PIPELINE ACCELERATES AND AROUND 20 HOTELS ARE OPENED..  Full Article

Blackrock Discloses 5.38% Stake In Whitbread vs Prior Stake Of 4.31%
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Whitbread Plc ::BLACKROCK INC DISCLOSES 5.38% STAKE IN WHITBREAD PLC AS OF JULY 29 VERSUS PRIOR STAKE OF 4.31%- FILING.  Full Article

Whitbread's 2.5 Bln Stg Return Of Capital Programme Complete
Monday, 22 Jul 2019 

July 22 (Reuters) - Whitbread PLC ::WHITBREAD PLC - RESULT OF TENDER OFFER.WHITBREAD PLC - WHITBREAD'S £2.5 BILLION RETURN OF CAPITAL PROGRAMME COMPLETE.WHITBREAD PLC - £2 BILLION TO BE RETURNED TO SHAREHOLDERS VIA PURCHASE OF 40.2 MILLION ORDINARY SHARES AT A STRIKE PRICE OF 4,972 PENCE PER SHARE.WHITBREAD PLC - SUCCESSFUL COMPLETION OF WHITBREAD'S CAPITAL RETURN PROGRAMME WITH A TOTAL OF £2.5 BILLION RETURNED.WHITBREAD PLC - COMPANY IS NOT PLANNING ANY FURTHER RETURNS OF CAPITAL..  Full Article

Elliott Capital Advisors Discloses Less Than 5% Stake In Whitbread As Of July 16
Friday, 19 Jul 2019 

July 19 (Reuters) - Elliott Capital Advisors LP [RIC:RIC:ECAL.UL]::ELLIOTT CAPITAL ADVISORS L.P. DISCLOSES LESS THAN 5 PERCENT STAKE IN WHITBREAD AS OF JULY 16 - FILING.  Full Article

Société Générale Discloses 4.60% Stake In Whitbread As Of July 15 Vs Prior Stake Of 5.83% - Filing
Thursday, 18 Jul 2019 

July 18 (Reuters) - Whitbread PLC ::SOCIÉTÉ GÉNÉRALE DISCLOSES 4.60% STAKE IN WHITBREAD AS OF JULY 15 VERSUS PRIOR STAKE OF 5.83% - FILING.  Full Article

Société Générale Discloses 4.31% Stake In Whitbread As Of July 10 - Filing
Monday, 15 Jul 2019 

July 15 (Reuters) - Whitbread PLC ::SOCIÉTÉ GÉNÉRALE DISCLOSES 4.31% STAKE IN WHITBREAD AS OF JULY 10 VERSUS PRIOR STAKE OF 5.52% - FILING.  Full Article

Société Générale Raises Stake To 5.52% From 4.36% In Whitbread
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Whitbread PLC ::SOCIÉTÉ GÉNÉRALE SA RAISES STAKE TO 5.52% FROM 4.36% IN WHITBREAD PLC - FILING.  Full Article

Whitbread Says To Repurchase Additional 2 Bln Stg Of Shares
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Whitbread PLC ::SECURED UK HOTEL PIPELINE – ON TRACK FOR 85,000 ROOMS.TENDER OFFER TO BE CONDUCTED AFTER FY19 RESULTS ARE RELEASED WITH AIM TO REPURCHASE UP TO £2 BILLION OF SHARES.£150 MILLION 5-YEAR EFFICIENCY TARGET DELIVERED IN LESS THAN 3 YEARS.UK MARKET REMAINS "VERY FRAGMENTED".FURTHER COMMITTED PIPELINE OF 14,000 ROOMS IN UK MARKET.SAYS NEAR-TERM ROCE TO DILUTE DUE TO PACE OF INTERNATIONAL INVESTMENT & WEAK UK ENVIRONMENT - PRESENTATION."INFLATION OUTLOOK REMAINS CHALLENGING IN NEAR TERM".EXPECTING GERMANY OPERATIONS TO BE PROFITABLE IN FY22.SEES TOTAL REVENUE GROWTH FASTER THAN MARKET THROUGH CAPACITY ADDITION OVER LONG TERM.SURPLUS CAPITAL ENABLES AT LEAST £2.5 BILLION RETURN TO SHAREHOLDERS."THE BUDGET HOTEL MARKETS IN UK & GERMANY ARE HIGHLY ATTRACTIVE LONG-TERM STRUCTURAL GROWTH OPPORTUNITIES".CO HAS COMMITTED PIPELINE OF OVER 6,000 ROOMS IN GERMANY.  Full Article

UPDATE 2-Premier Inn owner to cut 6,000 jobs due to pandemic hit

* UK accommodation sales ahead of market since reopening (Adds detail on sales, costs, rival, shares, background)