Premier Inn gives a boost to Whitbread June 22, 2010 A RISE in bookings and higher room charges at Premier Inn helped first-quarter sales at owner Whitbread grow 7.6 per cent year-on-year. The group, which also owns Costa Coffee and the Beefeater and Brewers Fayre pub-restaurant chains, said comparable sales at Premier Inn were up 10.5 per cent in the 13 weeks to 3 June. [...]
ANALYST VIEWS: WHY IS WHITBREAD OUTPERFORMING OTHER GROUPS ? June 22, 2010 GEORGE GODBER | MATTERLEY ASSET MANAGEMENT Whitbread has a very strong management team and in the bull market did not take on lots of debts like other groups. Premier Inns has obviously performed well but Costa Coffee is also very strong. This is a successful comnpany which has made shrewd decisions over the last few [...]
ANALYST VIEWS: WHY IS WHITBREAD OUTPERFORMING OTHER GROUPS ? June 22, 2010 GEORGE GODBER | MATTERLEY ASSET MANAGEMENT Whitbread has a very strong management team and in the bull market did not take on lots of debts like other groups. Premier Inns has obviously performed well but Costa Coffee is also very strong. This is a successful comnpany which has made shrewd decisions over the last few [...]
Brand performance can be read in the leaves June 22, 2010 Looking at YouGov’s BrandIndex, we sometimes have a sense of how a brand is performing before any major announcements to the City are made. Take the UK restaurant and hotel business Whitbread, which has announced promising profits for the start of the year, primarily because of an improvement in the hotel market, and an increased [...]
Premier Inn boost Whitbread sales June 22, 2010 UK hotel and restaurant group Whitbread has reported a strong start to the year – fuelled by its Premier Inn chain. Like-for-like sales at the budget hotel rose 10.5 per cent in the 13 weeks to 3 June, compared with the same period a year earlier. Sales across the Whitbread group were up 7.6 per [...]
Whitbread quashes City rumours of plans to issue equity in business June 1, 2010 PREMIER Inn and Costa Coffee conglomerate Whitbread yesterday insisted that it has no plans for a rights issue to boost its finances. Whitbread, which was responding to City speculation, said it was looking at “diversifying the sources and tenure of its debt” and could issue new debt in the next 12 months. Whitbread, which also [...]
Whitbread quashes City rumours of plans to issue equity in business June 1, 2010 PREMIER Inn and Costa Coffee conglomerate Whitbread yesterday insisted that it has no plans for a rights issue to boost its finances. Whitbread, which was responding to City speculation, said it was looking at “diversifying the sources and tenure of its debt” and could issue new debt in the next 12 months. Whitbread, which also [...]
Whitbread boosted by Premier Inn chain April 29, 2010 Britain’s biggest hotel operator Whitbread reported a rise in full-year pre-tax profit as its Premier Inn hotel chain attracted holidaymakers by offering rooms for as little as £29 a night. Whitbread, which also owns Costa Coffee and the Beefeater and Brewers Fayre pub restaurant chains, introduced new pricing initiatives to lure leisure customers to Premier [...]
Restaurant and pub sales bounce back March 15, 2010 Top pub and restaurant groups have seen like-for-like sales bounce back, following a dismal January. The 15 major companies participating in the The Coffer Peach Business Tracker, which include Costa Coffee group Whitbread, collectively saw like-for-like sales up 1.3 per cent against the same month last year. Total sales were ahead 3.0 per cent on [...]
Whitbread gets a boost from Costa Coffee’s sales rise March 4, 2010 COSTA Coffee’s sterling performance in the fourth quarter has seen sales growth at Whitbread, Britain’s biggest hotel and coffee shop operator, rise by three per cent it said in a trading update yesterday. Sales at Costa Coffee stores increased by 9.5 per cent in the quarter to February, benefiting from the launch of its new [...]