Edition:
United Kingdom

Whitbread PLC (WTB.L)

WTB.L on London Stock Exchange

4,824.00GBp
4:35pm BST
Change (% chg)

4.00 (+0.08%)
Prev Close
4,820.00
Open
4,813.00
Day's High
4,840.00
Day's Low
4,807.00
Volume
551,107
Avg. Vol
547,563
52-wk High
5,162.00
52-wk Low
3,869.95

Latest Key Developments (Source: Significant Developments)

Whitbread Says To Repurchase Additional 2 Bln Stg Of Shares
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Whitbread PLC ::SECURED UK HOTEL PIPELINE – ON TRACK FOR 85,000 ROOMS.TENDER OFFER TO BE CONDUCTED AFTER FY19 RESULTS ARE RELEASED WITH AIM TO REPURCHASE UP TO £2 BILLION OF SHARES.£150 MILLION 5-YEAR EFFICIENCY TARGET DELIVERED IN LESS THAN 3 YEARS.UK MARKET REMAINS "VERY FRAGMENTED".FURTHER COMMITTED PIPELINE OF 14,000 ROOMS IN UK MARKET.SAYS NEAR-TERM ROCE TO DILUTE DUE TO PACE OF INTERNATIONAL INVESTMENT & WEAK UK ENVIRONMENT - PRESENTATION."INFLATION OUTLOOK REMAINS CHALLENGING IN NEAR TERM".EXPECTING GERMANY OPERATIONS TO BE PROFITABLE IN FY22.SEES TOTAL REVENUE GROWTH FASTER THAN MARKET THROUGH CAPACITY ADDITION OVER LONG TERM.SURPLUS CAPITAL ENABLES AT LEAST £2.5 BILLION RETURN TO SHAREHOLDERS."THE BUDGET HOTEL MARKETS IN UK & GERMANY ARE HIGHLY ATTRACTIVE LONG-TERM STRUCTURAL GROWTH OPPORTUNITIES".CO HAS COMMITTED PIPELINE OF OVER 6,000 ROOMS IN GERMANY.  Full Article

Whitbread Sees To Enter Into Non-Discretionary & Irrevocable Instruction With Deutsche Bank
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Whitbread PLC ::EXPECTING TO ENTER INTO NON-DISCRETIONARY & IRREVOCABLE INSTRUCTION WITH DEUTSCHE BANK IN RELATION TO PURCHASE BY DEUTSCHE BANK.AGGREGATE PURCHASE PRICE OF SHARES BY MORGAN STANLEY AND DEUTSCHE BANK SHALL BE NO GREATER THAN £500 MILLION.NON-DISCRETIONARY & IRREVOCABLE INSTRUCTION WITH MORGAN STANLEY IN RELATION TO PURCHASE OF SHARES IN WHITBREAD FOR £225 MILLION.  Full Article

Whitbread Q3 Sales Rise 2.5 Pct
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Whitbread PLC ::WHITBREAD PLC - THIRD QUARTER TRADING UPDATE.WHITBREAD PLC - TOTAL Q3 SALES GROWTH OF 2.5% AND STRONG PROGRESS WITH EFFICIENCY PROGRAMME.WHITBREAD PLC - SALE OF COSTA TO COCA-COLA COMPANY FOR £3.9BN COMPLETED ON 3 JAN 2019, AHEAD OF SCHEDULE.WHITBREAD PLC - INITIAL £500 MILLION SHARE BUYBACK PROGRAMME COMMENCING TODAY.WHITBREAD PLC - OVER 2,000 NEW ROOMS ADDED IN FY19 SO FAR AND OCCUPANCY REMAINED HIGH AT OVER 80%.WHITBREAD PLC - EXPECT TO DELIVER FY19 RESULTS IN-LINE WITH EXPECTATIONS.WHITBREAD PLC - REMAIN CAUTIOUS ON UK ENVIRONMENT NEXT YEAR GIVEN UNCERTAINTY AND HIGHER INFLATION.WHITBREAD PLC - FY20 UNDERLYING PROFIT BEFORE TAX EXPECTED TO BE CONSISTENT WITH THIS YEAR, AS WE CONTINUE TO INVEST IN UK & INTERNATIONAL GROWTH.WHITBREAD PLC - PREMIER INN HAS MADE GOOD PROGRESS THIS YEAR, GROWING TOTAL SALES BY 2.5%.WHITBREAD PLC - UK BUSINESS ACHIEVED TOTAL ACCOMMODATION SALES GROWTH OF 3.5% IN Q3.WHITBREAD PLC - PERFORMANCE IN QUARTER REFLECTS A STRONG CENTRAL LONDON MARKET AND A WEAK REGIONAL MARKET.WHITBREAD PLC -FEBRUARY 2020 FY GERMAN LOSSES EXPECTED TO BE APPROXIMATELY £12 MILLION AS WE INVEST TO SUPPORT C.2,500 ROOMS THAT WILL OPEN DURING FY20.WHITBREAD PLC -FEBRUARY 2020 FY EXPECTED TO DELIVER SAVINGS OF £40-50 MILLION, BUT £20-30 MILLION LOWER THAN HIGHER COST INCREASES OF APPROXIMATELY £70 MILLION.  Full Article

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

FACTBOX-Activist investor Elliott's top European holdings

April 24 U.S. activist hedge fund Elliott Management announced on Wednesday that it had taken a 1.2 billion euro ($1.35 billion)stake in German technology company SAP.