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 [...]
Whitbread to buy out JV in Indian hotels March 14, 2010 WHITBREAD, Britain’s biggest hotel and coffee shop operator, has bought out its Indian joint venture (JV) partner Emaar MGF. “Whitbread confirms that Premier Inn has completed the acquisition of the 50.1 per cent stake it did not own in the JV with real estate developer Emaar MGF,” the company said in a statement. A foreign [...]
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 [...]
Parker has left the business in good shape March 4, 2010 RETIRING Whitbread chief executive Alan Parker will be a tough act to follow. Yesterday’s trading statement shows just how well he has steered the company through the slump. Group like-for-like sales fell just 0.7 per cent in 2009, not bad for a consumer-facing business coping with the worst recession since World War Two. Although budget [...]
EasyJet boss is a good fit for Whitbread March 3, 2010 WHITBREAD has appointed Andy Harrison, the former easyJet boss, as its new chief executive. He will replace Alan Parker who spent six years at the head of the group, which counts Premier Inn, Beefeater and Costa Coffee among its businesses, and 18 years at the firm in total. Harrison beat other potential candidates including Carl [...]
Sales jump at Whitbread December 14, 2009 PUB and hotel group Whitbread yesterday posted higher sales thanks to price-cutting, but forecast a “long slow haul” out of the slump. The owner of Costa Coffee, Beefeater and Brewer’s Fayre pub restaurants and Premier Inn budget hotels boosted like-for-like sales 0.3 per cent in the third quarter to November 26, with total sales up 6.7 [...]
BEST OF THE BROKERS December 13, 2009 HMV Singer Capital Markets has maintained a “buy” recommendation on HMV despite the group posting reported interim results at the lower end of its expected performance. It said disappointment in Waterstones could be offset by growth of sales in other areas and cost savings at HMV. It set a target price of 174p. INTERCONTINENTAL HOTELS [...]