for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Whitbread sinks to first-half loss

Oct 27 (Reuters) - Premier-Inn owner Whitbread reported a loss for the first half on Tuesday and said market performance has slowed since early October after the government instructed people to work from home and imposed new regional lockdowns.

The owner of the Beefeater, Brewers Fayre and Bar + Block chains said first-half pretax loss was 724.7 million pounds ($944.50 million), compared with a pretax profit of 219.9 million pounds a year earlier.

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up