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Whitbread Says Premier Inn To Open Five New Hotels In Scotland In 2020
Whitbread Q3 LFL Sales Dip; Sees FY In Line With View
Whitbread HY Statutory Profit Falls 26.3% To 172 Mln Stg
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 76,000 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 Premier Inn International
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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.
Premier Inn owner Whitbread <WTB.L> said on Friday activist investor Elliott Capital Advisors [ECAL.UL] disclosed a stake of below 5% in the company.
Britain's Whitbread Plc, focused on the hotel business after the sale of its Costa Coffee chain, reported lower room revenue over the past three months as companies cut back on business travel.
Whitbread Plc said on Wednesday its first-quarter room revenue was hit by tough market competition and ongoing Brexit uncertainty, as the company tries to focus on its Premier Inn-brand after selling Costa Coffee to Coca-Cola Co last year.
Elliott Advisors has become increasingly frustrated with Whitbread Plc's strategy of owning Premier Inn hotels outright and wants the company to offload chunks of its 5.8 billion pound property portfolio, the Sunday Telegraph reported.
Premier Inn owner Whitbread Plc, which has sold off its Costa coffee chain, on Tuesday flagged lower demand for hotel rooms in Britain, hit by Brexit uncertainty and the effects of growing competition.
Britain's main index see-sawed in to the black with StanChart surging to a 9-month high after a buyback plan, while restaurant group Whitbread and miner Glencore lost ground after weak forecasts.
Premier Inn owner Whitbread Plc said on Tuesday it expects weak room revenue growth in the UK for the ongoing year due to weak market demand.
Whitbread <WTB.L> will buy back an extra £2 billion of shares using proceeds from its Costa Coffee sale and aims to double the long-term network potential at its hotels business to more than 170,000 rooms in Britain and overseas.
Whitbread Plc will buy back an additional 2 billion pounds ($2.58 billion) of shares using proceeds from its sale of the Costa Coffee chain to Coca Cola Co , the owner of Premier Inns said on Wednesday.
Whitbread Plc <WTB.L> warned that profit would not grow in 2019-20 as the British hotel owner, which has just sold its Costa coffee chain, faces an uncertain economic outlook.
British hotel owner Whitbread Plc on Thursday reported a 2.4 percent increase in third-quarter sales and expects 2019 results to be in-line with expectations, driven by new room additions at its Premier Inn chain.
British restaurant and hotel owner Whitbread Plc <WTB.L> said on Friday it has received clearance from the European Union for sale of the Costa coffee chain to Coca-Cola Co <KO.N>.
Britain's Whitbread Plc <WTB.L> said on Thursday that Chinese authorities have approved the sale of its Costa coffee chain to Coca-Cola <KO.N>.
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