ANALYST VIEWS: WHAT DID YOU MAKE OF WHITBREAD’S RESULTS? February 29, 2012 JAMIE ROLLO | MORGAN STANLEY Whitbread has reported fourth quarter like-for-like sales growth of 1.8 per cent, in line with our expectations but with a slightly different mix…With a stronger performance at Costa balancing the slightly weaker performance at Premier Inn we do not expect to see changes to consensus for 2012. WYN ELLIS | [...]
ANALYST VIEWS: WHAT DID YOU MAKE OF WHITBREAD’S RESULTS? February 28, 2012 JAMIE ROLLO | MORGAN STANLEY Whitbread has reported fourth quarter like-for-like sales growth of 1.8 per cent, in line with our expectations but with a slightly different mix…With a stronger performance at Costa balancing the slightly weaker performance at Premier Inn we do not expect to see changes to consensus for 2012. WYN ELLIS | [...]
Mitchells & Butlers sales better than forecast January 26, 2012 Restaurants and pubs group Mitchells & Butlers reported a better than expected first quarter sales rise, benefiting from milder weather over the Christmas and New Year period and strong demand for casual dining. The company, whose chains include Harvester, Toby Carvery and All Bar One, said it was confident of further growth in the year [...]
Mitchells & Butlers sales better than forecast January 26, 2012 Restaurants and pubs group Mitchells & Butlers reported a better than expected first quarter sales rise, benefiting from milder weather over the Christmas and New Year period and strong demand for casual dining. The company, whose chains include Harvester, Toby Carvery and All Bar One, said it was confident of further growth in the year [...]
CITY MOVES WHO’S SWITCHING JOBS April 10, 2012 OpCapita Stephen Alexander has been appointed operating partner at the private investment firm, which over the past six months has acquired Comet, the electricals retailer, and Game UK, the video games retailer. Alexander has more than thirty years’ experience in European consumer businesses. He began his career with Imperial Foods, before moving to Allied Domecq, [...]
CITY MOVES WHO’S SWITCHING JOBS April 10, 2012 OpCapita Stephen Alexander has been appointed operating partner at the private investment firm, which over the past six months has acquired Comet, the electricals retailer, and Game UK, the video games retailer. Alexander has more than thirty years’ experience in European consumer businesses. He began his career with Imperial Foods, before moving to Allied Domecq, [...]
THE TIPSTER March 19, 2012 THE management statement from Punch Taverns later today should allow investors to decide whether the glass is really half full or half empty for the pub chain. Last year saw a de-merger and a run of poor results, and the share price in the first quarter of 2012 hasn’t seen much movement at all – [...]
Mitchell & Butlers gets warning over directors January 18, 2012 PUB GROUP Mitchell & Butlers has been issued a “red top” warning by the Association of British Insurers (ABI), due to concerns stemming from the British company’s position as the only FTSE 350 firm without any independent non-executive directors. ABI’s highest-level alert comes days before Mitchell & Butlers’ general meeting, scheduled for next Thursday, when [...]
Mitchell & Butlers gets warning over directors January 18, 2012 PUB GROUP Mitchell & Butlers has been issued a “red top” warning by the Association of British Insurers (ABI), due to concerns stemming from the British company’s position as the only FTSE 350 firm without any independent non-executive directors. ABI’s highest-level alert comes days before Mitchell & Butlers’ general meeting, scheduled for next Thursday, when [...]
Whitbread sees its hotel demand slow February 29, 2012 WHITBREAD has revealed a slowdown in fourth quarter sales at Premier Inn, the budget hotel chain, as consumers remained under pressure and demand for hotel rooms outside of the capital softened. The UK’s largest hotel and restaurant owner said like-for-like sales at Premier Inn fell 0.9 per cent in the 11 weeks to 16 February, [...]