Whitbread chief executive Andy Harrison announces retirement plans as company profits soar April 28, 2015 The figures Whitbread chief executive Andy Harrison has announced his intention to retire from the role at the end of the next financial year, after the company reported a rise in sales, earnings and profit for the year ended 26 February 2015. Harrison, who previously occupied the same role at easyJet and RAC, said "it is [...]
Number of women FTSE 100 chief execs rises to six as Whitbread appoints Alison Brittain as chief executive May 22, 2015 Whitbread has appointed Alison Brittain as its new chief executive, taking the total number of women chiefs on the FTSE 100 to six. The owner of Premier Inn hotels and Costa Coffee has picked the Lloyds Banking Group director to replace Andy Harrison who will retire on 16th February. Chairman Richard Baker described Brittain as [...]
Best of the Brokers for 27 March 2015 March 26, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com KINGFISHER Cantor Fitzgerald reiterated its “hold’ recommendation for the British multinational home improvement retailer. The company’s plan to takeover Mr Bricolage is both bizarre and disappointing. However, the company now has a very strong balance sheet. WHITBREAD Panmure Gordon downgraded its “hold” recommendation for [...]
Whitbread share price rises after investors told to expect top end results February 25, 2015 The figures Shares in Whitbread opened 2.35 per cent up after the hospitality giant told investors to expect full-year results to come in towards the top end of current expectations, as sales at its cheap hotels and Costa Coffee chain continued to rise. Overall the group achieved a rise in like-for-like sales of 5.8 per [...]
Regional boom for Premier Inn helps Whitbread sleep easier June 17, 2014 PREMIER Inn owner Whitbread yesterday said rising demand outside London helped drive an 8.8 per cent rise in revenue per available room at the brand. The company, which also owns Costa Coffee, reported a 9.9 per cent rise in the figure for the regions, compared to a slower 3.3 per cent increase in London. Premier [...]
Best of the Brokers for 26 January 2015 January 25, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ROBINSON WH Ireland reiterated its “buy” rating for the packaging company, after a trading update which predicted a “much more challenging outlook” for 2015. The broker noted that the acquisition of Madox last year is performing well but said the firm is facing [...]
Whitbread refreshed as Costa and Premier grow December 11, 2014 WHITBREAD yesterday said it was confident of delivering full-year results in line with expectations, after posting another strong quarter of growth from its Premier Inn hotels and Costa Coffee, as both businesses continued to win market share. In a statement, the group said its strong trading momentum from the first half continued into the third [...]
Sainsbury’s braced for first loss in a decade as supermarkets move to downsize May 5, 2015 Battling with excess space and a revival at Tesco, Sainsbury’s is having to fight harder than ever. It is early on a weekday morning, and the first wave of customers are yet to arrive at Sainsbury’s revamped store in Wandsworth – its aisles stacked high with everything from garden furniture to Le Creuset-style saucepans [...]
After the record high FTSE falls on Weir warning – London Report February 25, 2015 THE FTSE 100 yesterday retreated from the previous session’s record high, with engineer Weir Group leading the market lower after warning about a significant drop in its revenue in the current year. The blue chip index closed down 14.25 points, or 0.2 per cent at 6,935.38 points after setting a new record high of 6,958.89 [...]
Virgin Active hires boss of Woolworths SA December 3, 2014 VIRGIN Active has hired the boss of South African supermarket giant Woolworths to become its new chairman after Richard Baker stepped down from the gym group yesterday. Simon Susman has replaced him with immediate effect, Virgin Active said. Baker, who has been at the helm of Virgin Active since 2008, was poached this summer to [...]