Edition:
United Kingdom

Whitbread PLC (WTB.L)

WTB.L on London Stock Exchange

4,447.00GBp
18 Dec 2018
Change (% chg)

-4.00 (-0.09%)
Prev Close
4,451.00
Open
4,462.00
Day's High
4,497.00
Day's Low
4,440.00
Volume
363,546
Avg. Vol
598,803
52-wk High
4,800.00
52-wk Low
3,606.00

Latest Key Developments (Source: Significant Developments)

Whitbread Says Sale Of Costa To Coca-Cola Gets Regulatory Approval In China
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Whitbread Plc ::SALE OF COSTA TO COCA-COLA RECEIVES APPROVAL FROM CHINA REGULATOR.CLEARANCE IS STILL REQUIRED FROM EUROPEAN UNION UNDER EC MERGER REGULATION BEFORE COSTA TRANSACTION CAN COMPLETE.CLEARANCE RECEIVED FROM CHINA'S ADMINISTRATION FOR MARKET REGULATION FOR COCA-COLA COMPANY TO ACQUIRE COSTA, INCLUDING CHINA OPERATIONS.  Full Article

Whitbread Names Frank Fiskers Non-Exec Director
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Whitbread PLC ::DIRECTORATE CHANGE.FRANK FISKERS IS TO BE APPOINTED AS A NON-EXECUTIVE DIRECTOR OF COMPANY.FISKERS WILL STEP DOWN AS A NON-EXECUTIVE DIRECTOR OF SCANDIC.  Full Article

Whitbread On Track To Deliver FY Results From Cont Ops
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Whitbread PLC ::SALE OF COSTA TO COCA-COLA COMPANY FOR £3.9 BILLION APPROVED BY SHAREHOLDERS.STRONG PIPELINE IN GERMANY WITH AROUND 6,000 ROOMS TO BE DELIVERED BY 2021.ON-PLAN TO DELIVER FULL-YEAR RESULTS FROM CONTINUING OPERATIONS.HY REVENUE £1,079 MILLION VERSUS £1,052 MILLION.HY TOTAL UK ACCOMMODATION SALES GROWTH OF 4.8% AND LIKE-FOR-LIKE ACCOMMODATION SALES GROWTH OF 0.2% IMPACTED BY WEAKER CONSUMER DEMAND.HY UNDERLYING PROFIT BEFORE TAX £270MLN VERSUS £263MLN.HY STATUTORY PROFIT BEFORE TAX WAS MAINTAINED AT £257 MILLION.SALE OF COSTA NOW REQUIRES COCA-COLA TO OBTAIN REGULATORY APPROVAL IN EU AND CHINA.COSTA IS NOW REPORTED AS A DISCONTINUED OPERATION, STATUTORY PROFIT FOR HY INCREASED 3.5% TO £47 MILLION.FOLLOWING SALE OF COSTA, WHITBREAD WILL BE A FOCUSED HOTEL BUSINESS WITH OPERATIONS IN UK, GERMANY & MIDDLE EAST.DISCUSSIONS WITH PENSION TRUSTEES AND OTHER RELEVANT STAKEHOLDERS ARE BEING CONDUCTED.IN FY19, PREMIER INN IS EXPECTED TO OPEN 4,000-4,500 ROOMS IN UK AND GERMANY.GIVEN RECENT ECONOMIC & POLITICAL ENVIRONMENT, ALONG WITH INFLATIONARY PRESSURES IN CONSUMER SECTOR, THERE IS DEGREE OF CAUTION ON DEMAND.  Full Article

Credit Suisse Group Discloses 6.65 Pct Stake In Whitbread
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Whitbread PLC ::CREDIT SUISSE GROUP DISCLOSES 6.65 PERCENT STAKE IN WHITBREAD PLC - FILING.  Full Article

Elliott To Engage With Whitbread To Maximise Value After Coca-Cola Deal
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Elliott Advisors (UK) Limited :ELLIOTT ADVISORS (UK) LIMITED- ("ELLIOTT") NOTES TODAY'S ANNOUNCEMENT REGARDING PROPOSED SALE OF COSTA TO COCA-COLA COMPANY.ELLIOTT- LOOKS FORWARD TO CONTINUING TO ENGAGE WITH THEM TO MAXIMISE VALUE OF REMAINING BUSINESSES.  Full Article

Coca-Cola CEO, On Costa Deal, Says "We Can Introduce Different Formats As A Total Beverage Provider" - CNBC
Friday, 31 Aug 2018 

Aug 31 (Reuters) - :COCA-COLA CEO JAMES QUINCEY SAYS "IF WE COME TO U.S., IT'S MORE LIKELY TO BE IN SUPPORT OF FOOD SERVICE, NOT STORES" - CNBC.COCA-COLA CEO JAMES QUINCEY, ON COSTA DEAL, SAYS "WE CAN INTRODUCE DIFFERENT FORMATS AS A TOTAL BEVERAGE PROVIDER" - CNBC.COCA-COLA CEO JAMES QUINCEY SAYS THERE ARE A LOT OF STORES IN U.S., THERE IS MORE ROOM FOR GROWTH IN EUROPE AND ASIA - CNBC.  Full Article

Whitbread CEO Says Got High Price For Costa - BBC Radio
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Whitbread CEO::SAYS THE PRICE OFFERED BY COCA COLA FOR COSTA COFFEE IS SIGNIFICANTLY HIGHER THAN ANYTHING WE COULD ACHIEVE BY A DEMERGER - BBC RADIO.SAYS THIS IS A SIGNIFICANT PREMIUM TO ANYTHING WE COULD ACHIEVE BY SPINNING IT OFF ALONE.SAYS WE CAN MAKE A BIG CONTRIBUTION TO THE PENSION FUND.SAYS YOU COULD SEE COSTA COFFEE IN EVERY PLACE THAT YOU SEE COCA COLA TODAY, INCLUDING VENDING MACHINES.  Full Article

The Coca-Cola Company To Acquire Costa For About $5.1 Bln
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY TO ACQUIRE COSTA.DEAL FOR APPROXIMATELY $5.1 BILLION.EXPECTS TRANSACTION TO BE SLIGHTLY ACCRETIVE IN FIRST FULL YEAR, NOT TAKING INTO ACCOUNT ANY IMPACT FROM PURCHASE ACCOUNTING.BECAUSE COCA-COLA EXPECTS THE TRANSACTION TO CLOSE IN THE FIRST HALF OF 2019, THERE IS NO CHANGE TO 2018 GUIDANCE.COMPANY'S LONG-TERM TARGETS ALSO REMAIN.WHITBREAD WILL BE SEEKING SHAREHOLDER APPROVAL FOR THE TRANSACTION, WHICH IS EXPECTED TO TAKE PLACE BY MID-OCTOBER.  Full Article

Costa Coffee Owner Whitbread Cutting Hundreds Of Management Roles - The Independent
Monday, 2 Jul 2018 

July 2 (Reuters) - :COSTA COFFEE OWNER WHITBREAD CUTTING HUNDREDS OF MANAGEMENT ROLES - THE INDEPENDENT.WHITBREAD WILL LET AT LEAST 250 MANAGERS GO AS PART OF A RESTRUCTURING OF ITS RESTAURANT BUSINESS - THE INDEPENDENT.  Full Article

Whitbread Says Expects To Deliver FY Results In-Line With Expectations
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Whitbread PLC ::QTRLY TOTAL SALES UP 3.2 PERCENT.EXPECT TO DELIVER FULL YEAR RESULTS IN-LINE WITH EXPECTATIONS.CONSTRUCTIVE EARLY STEPS HAVE BEEN TAKEN IN PREPARATION FOR COSTA DEMERGER.ON COSTA DEMERGER, GOOD PROGRESS CONTINUES TO BE MADE ON CORE INFRASTRUCTURE AND EFFICIENCY WORK THAT WAS ALREADY UNDERWAY.UK TOTAL LIKE FOR LIKE SALES DOWN 1.3 PERCENT FOR Q1.EXPECT TO DELIVER IN-LINE WITH EXPECTATIONS FOR FULL YEAR.COSTA UK GREW TOTAL SALES BY 5.2% IN QUARTER.PREMIER INN UK DELIVERED TOTAL ACCOMMODATION SALES GROWTH OF 4.3% IN QUARTER.SAYS "LIKE-FOR-LIKE SALES IN CHINA ARE GROWING".HOTEL MARKET WAS WEAKER IN Q1 DUE TO STRONG COMPARABLE DATA THIS TIME LAST YEAR AND INCREASED SUPPLY.  Full Article

FACTBOX-Activist investor Elliott's top European holdings

Dec 12 U.S. activist hedge fund Elliott Management announced on Wednesday that it had taken a stake in French drinks maker Pernod Ricard worth more than 930 million euros ($1.05 billion).