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Whitbread Says It Could Cut Up To 6,000 Jobs
Whitbread Says Proposed Changes To Co Puts Around 250 Support Centre Jobs At Risk
Whitbread Says Qtrly Total UK Like-For-Like Sales Growth Down
Whitbread PLC is a United Kingdom-based company, which owns and operates hotels and restaurants. The Company is organized into a single business segment, Premier Inn. Premier Inn provides services in relation to accommodation and food both in the United Kingdom and internationally. The Company's restaurant brands include Beefeater, Brewers Fayre, Table Table, Cookhouse & Pub, Bar + Block, Premier Inn, hub and Thyme. The Company operates over 800 Premier Inn hotels and over 80,000 rooms across the United Kingdom. Its subsidiaries include Whitbread Group PLC, Premier Inn Hotels Limited, Premier Inn Kier Limited, Silk Street Hotels Limited, Elm Hotel Holdings Limited, Brickwoods Limited, Duttons Brewery Limited, and Silk Street Hotels Limited.
Porz Avenue, Houghton Hall Park
Adam Alexander Crozier
Independent Non-Executive Chairman of the Board
Chief Executive, Executive Director
Group Finance Director, Executive Director
General Counsel and Company Secretary
Managing Director - Property and International
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Pub operator Marston's launched consultations on up to 2,150 job losses on Thursday, while J D Wetherspoon accused the British government of panicking with new coronavirus restrictions it said could damage the entire economy.
Premier Inn owner Whitbread <WTB.L> plans to cut up to 6,000 jobs at its hotels and restaurants as the COVID-19 pandemic ravages the travel and hospitality industries and the British government winds down a job support scheme.
Whitbread <WTB.L> may cut around 250 head office roles as part of a proposed restructuring, the Premier Inn-owner said on Wednesday as it navigates through the coronavirus crisis, which had earlier shut all of its hotels.
Premier Inn-owner Whitbread said on Wednesday it may cut around 250 head office roles as part of proposed changes to its organisational structure, while navigating through the coronavirus crisis which had earlier shut all of its hotels.
Premier Inn owner Whitbread <WTB.L> reported a 80% fall in first-quarter like-for-like UK sales on Tuesday noting improving demand for hotel rooms in tourist spots but subdued demand in London and elsewhere.
Whitbread first-quarter sales plunged 79% as the COVID-19 lockdown shuttered most of its hotels in Britain and Germany, but the Premier Inn owner said it expects most of them to open by the end of July.
Premier Inn owner Whitbread Plc <WTB.L> said on Wednesday it has found buyers for all of its 1.01 billion pounds ($1.29 billion) rights issue, with 91.4% subscribing for new shares at 1,500 pence apiece and the remaining buying in at 2,550 pence a share.
Existing investors of Whitbread Plc have agreed to supply 91.4% of its 1.01 billion pound cash call, the Premier Inn owner said on Wednesday, with bookrunners preparing to place on sale the remaining 5.8 million unsold shares.
Shares in Premier Inn owner Whitbread Plc <WTB.L> tumbled 16% on Thursday after it said it would seek 1.01 billion pounds in fresh cash from shareholders to help weather the COVID-19 crisis.
Premier Inn owner Whitbread Plc said on Thursday it would raise 1.01 billion pounds ($1.23 billion) through a rights issue as the company looks to bolster its balance sheet amid the coronavirus crisis, which led to a drop in annual earnings.
Premier Inn owner Whitbread on Thursday set out plans to raise 1.01 billion pounds ($1.23 billion) through a rights issue as it looks to bolster its balance sheet amid the coronavirus crisis, which caused a plunge in annual earnings.
British hotel operator Whitbread <WTB.L> on Tuesday suspended shareholders' dividend and said it would immediately shut all its hotels and restaurants due to the coronavirus outbreak.
British hotel operator Whitbread on Tuesday suspended shareholders' dividend and said would shut all its hotels and restaurants immediately due to the coronavirus outbreak.
Premier Inn owner Whitbread <WTB.L> reported a 2.2% fall in UK like-for-like sales year to date on Thursday, cautioning clarity on Brexit following a decisive British election last month had yet to deliver a bounce in business bookings.
Whitbread reported a 1.3% drop in UK like-for-like sales in the third quarter as Britons delayed travel plans amid Brexit uncertainty, and the Premier Inn owner took a cautious approach to hotel demand for the next fiscal year.
A Brexit driven drop in business travel within the United Kingdom dented profits at budget hotel company Whitbread Plc <WTB.L> in the first half of its financial year and left it deeply uncertain about demand in the coming months.
Hotel chain owner Whitbread Plc reported a lower first-half pretax profit on Tuesday, as the uncertainty surrounding Brexit kept companies from shelling out on business travel in the United Kingdom.
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
Britain's Whitbread Plc <WTB.L> said on Monday it bought three independent hotels in Germany for an undisclosed sum, as the company expands in Europe as part of its focus on the hotel business following the sale of its Costa Coffee chain.
Activist investor Elliott Capital Advisors has trimmed its stake in Premier Inn owner Whitbread <WTB.L> to below 5%, a filing http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190719:nRSS1308Ga on Friday showed.
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