Whitbread: Premier Inn owner thanks London travel boom for hike in hotel sales June 22, 2023 Tourists flocking to London for the King’s coronation helped bolster Premier Inn owner Whitbread’s trading in the first leg of the year, as the hotel group revealed an 18 per cent hike in sales. As Brits embraced travel and leisure after the pandemic, the chain of affordable hotels said sales across its 800 strong portfolio [...]
FTSE 100 close: London ends down ahead of Google and Microsoft results as Primark owner slumps April 25, 2023 London’s FTSE 100 was dragged lower today as investors fretted over the state of a batch of big tech results on Wall Street rolling in over the coming days. The capital’s premier index shed 0.27 per cent to drop to 7,891.13 points, while the domestically-focus mid-cap FTSE 250 index, which is more aligned with the [...]
Whitbread pockets £2.6bn revenue: Premier Inn owner’s shares soar five per cent despite ‘most challenging’ period April 25, 2023 Whitbread said its earnings returned to pre-pandemic levels with the Premier Inn owner’s bottom line boosted by Brits embracing more leisure and travel. Whitbread, which also owns restaurants Beefeater and Bar+Block, reported revenues of £2.6bn for the year to March 2023, up 54 per cent from £1.7bn the previous year. Whitbread (WTB) shares soared nearly [...]
The Square Mile and Me: Savvas Savouri on his first job, unfortunate typos and supporting the Gunners February 9, 2023 We dig into the memory bank of the City’s great and good: this week it’s Savvas Savouri, chief economist and partner at Toscafund Asset Management. What was your first job? I must mention a very entertaining Saturday job at my uncles’ shoe repairers, The Master Cobbler, in Highbury Barn, an area full of character and [...]
Premier Inn-owner Whitbread shares rise after robust third quarter January 12, 2023 Premier Inn owner Whitbread saw sales grow 22.9 per cent in the third quarter as Brits turn to budget accommodation options amid looming recession and cost-of-living concerns. The hotel operator reported an increase in demand for sales with accommodation 37 per cent above pre-pandemic levels in the UK and 770 per cent in Germany. Total [...]
Premier Inn owner Whitbread’s new CEO will join from Domino’s in January December 5, 2022 Premier Inn owner Whitbread has announced its new CEO Dominic Paul will join in January. Paul, who has been chief executive at Domino’s Pizza for almost three years, will join its Board on 17 January, taking over from outgoing chief executive Alison Brittain. It was announced in June he would be the next head of [...]
Premier Inn owner Whitbread swings to profit but warns of £60m inflation bill October 25, 2022 Premier Inn owner Whitbread is back in the black after posting a £307.4m profit before tax, in better than expected first half results. The interim results marked better fortunes for the hospitality operator, which last year posted a 19.3m loss. However, the firm said it had not seen its pub business return to pre-pandemic levels [...]
From Premier Inn to Premier League: Outgoing Whitbread boss Alison Brittain is new football chair July 26, 2022 The Premier League has announce its new chair as the outgoing CEO of Premier Inn-owner Whitbread, Alison Brittain. The businesswoman was voted for “unanimously” by the football organisation board’s nomination’s committee as the successor to outgoing chair Gary Hoffman. She will take over from interim leader, Peter McCormick, in early 2023. Brittain, who announced her [...]
High street moves: Whitbread boss Alison Brittain set to join Dunelm board July 21, 2022 Whitbread’s outgoing boss Alison Brittain is set to take on a non-executive director role at homeware brand Dunelm. Brittain will join the Dunelm board in early September, with it expected that she will succeed Andy Harrison as chair in September 2023. Brittain announced she was departing from the Premier Inn owner and FTSE-100 business earlier [...]
Domino’s poaches Just Eat’s finance director for top board role July 11, 2022 Domino’s has appointed a new chief financial officer, poaching Just Eat’s UK and Ireland regional finance director. The pizza chain announced on Monday that Edward Jamieson will join the board of directors in October 2022. Jamieson’s CV includes a four year stint at the food delivery platform, where he helped the UK arm boost revenue [...]