Edition:
United Kingdom

Whitbread PLC (WTB.L)

WTB.L on London Stock Exchange

4,960.00GBp
19 Feb 2019
Change (% chg)

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4,960.00
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557,022
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5,002.00
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3,606.00

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

UPDATE 1-UK Stocks-Factors to watch on Feb 14

Feb 14 Britain's FTSE 100 index is seen opening 13 points lower at 7,178 on Thursday, according to financial bookmakers, while FTSE 100 futures were up 0.18 percent ahead of the cash market open.