Edition:
United Kingdom

Whitbread PLC (WTB.L)

WTB.L on London Stock Exchange

4,695.00GBp
5:07pm BST
Change (% chg)

-5.00 (-0.11%)
Prev Close
4,700.00
Open
4,674.00
Day's High
4,699.00
Day's Low
4,653.00
Volume
409,347
Avg. Vol
562,189
52-wk High
4,800.00
52-wk Low
3,499.90

Latest Key Developments (Source: Significant Developments)

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

Whitbread Announces Appointment Of Richard Gillingwater As Non-Executive Director
Tuesday, 8 May 2018 

May 8 (Reuters) - Whitbread PLC ::WHITBREAD PLC - APPOINTMENT OF RICHARD GILLINGWATER AS A NON-EXECUTIVE DIRECTOR AND SENIOR INDEPENDENT DIRECTOR WITH EFFECT FROM 27 JUNE 2018..  Full Article

Whitbread Says FY Underlying Pretax Profit Rose 4.5 Pct
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Whitbread PLC ::FY UNDERLYING PRETAX PROFIT ROSE 4.5 PERCENT TO 591 MILLION STG.FINAL DIVIDEND UP 5.8 PERCENT TO 69.75 PENCEPER SHARE.FY REVENUE ROSE 6.1 PERCENT TO 3.3 BILLION STG.FY COSTA UNDERLYING OPERATING PROFIT AT 159 MILLION STG VERSUS 158 MILLION STG YEAR AGO.FY COSTA REVENUE AT 1,292 MILLION STG VERSUS 1,202 MILLION STG A YEAR AGO.TOTAL PREMIER INN REVENUE (INCLUDING F&B) GREW 5.4% IN FY18 TO JUST OVER £2 BILLION.FY PREMIER INN & RESTAURANTS UNDERLYING OPERATING PROFIT AT 498 MILLION STG VERSUS 468 MILLION STG YEAR AGO.BOARD HAS FOR SOME TIME BEEN FULLY ALIGNED TO VIEW THAT SEPARATING PREMIER INN AND COSTA AT RIGHT TIME WOULD ENHANCE FOCUS.BOARD HAS FOR SOME TIME BEEN FULLY ALIGNED TO VIEW THAT SEPARATING PREMIER INN AND COSTA WOULD ENABLE VALUE TO BE OPTIMISED FOR SHAREHOLDERS OVER LONGER-TERM.  Full Article

Whitbread Says Remain 'Open-Minded' To Investor Suggestions
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Whitbread Plc ::BOARD CONTINOUSLY REVIEWS STRUCTURE OF THE BUSINESS, REMAIN 'OPEN-MINDED' - CONF CALL‍​.  Full Article

Whitbread Says Q3 Total Group Sales Growth Of 5.6 Pct
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Whitbread Plc ::‍GOOD TOTAL SALES GROWTH OF 6.8% YTD AND ON TRACK TO MEET FULL YEAR EXPECTATIONS​.‍Q3 TOTAL GROUP SALES GROWTH OF 5.6%​.‍Q3 GROUP UK LIKE-FOR-LIKE SALES GROWTH OF 0.3% ​.‍PREMIER INN UK ACHIEVED TOTAL HOTEL SALES GROWTH OF 5.5% IN QUARTER​.‍WELL-PUBLICISED WEAK RETAIL MARKET FOOTFALL IS NEGATIVELY IMPACTING OUR HIGH STREET COSTA STORES' LIKE-FOR-LIKE PERFORMANCE.‍COSTA UK HAS DELIVERED STRONG TOTAL SALES GROWTH OF 7.2% IN QUARTER​.‍COSTA IN CHINA CONTINUES ITS GOOD MOMENTUM WITH ANOTHER QUARTER OF POSITIVE LIKE-FOR-LIKE SALES GROWTH​.‍"DO EXPECT TOUGH UK HIGH STREET ENVIRONMENT AND INFLATION IN OUR SECTOR TO CONTINUE TO POSE CHALLENGES IN YEAR AHEAD"​.  Full Article

UPDATE 1-India's largest hotel chain OYO to expand into Britain

* Whitbread's Premier Inn leads UK's economy hotel market (Adds details on UK expansion, comments, company background)