All Whitbread articles – Page 5
-
NewsAnalysts corner: Goodbody and HL on Costa Coffee
Following the news that Whitbread has agreed to sell Costa Coffee to The Coca-Cola Company for £3.9bn in cash, Hargreaves Lansdown and Goodbody give their views on this landmark deal, which saw shares rise 18.4% in early trading
-
NewsWhitbread sells Costa to Coca-Cola for £3.9bn
Whitbread has agreed to sell Costa Coffee to Coca-Cola for £3.9bn, a stock market update revealed this morning.
-
NewsAnalysts corner: Goodbody on Marston’s, Caffè Nero and Costa Coffee
Performance within Marston’s Destination & Premium estate was ‘somewhat disappointing’, according to leading analysts at Goodbody, whereas Caffè Nero’s strong revenue growth is giving Whitbread’s Costa Coffee some cause for concern
-
NewsWhitbread expands Cookhouse and Pub portfolio
Whitbread has expanded its Cookhouse and Pub portfolio with the opening of two new sites, in St Columb, Cornwall and Northwich, Cheshire.
-
NewsWhitbread to cut 250 jobs across pub-restaurants
Whitbread has confirmed that its £250m cost-cutting programme will include the loss of 250 staff across its Beefeater and Brewers Fayre brands.
-
NewsAnalysts corner: Hargreaves Lansdown on Whitbread
Overall sales may be up at Whitbread, but Costa Coffee saw a 2% dip in like-for-likes for the first quarter of 2018. Hargreaves Lansdown’s Laith Khalaf and Nicholas Hyett suggest the coffee chain is suffering from a case of the high street blues, and that a spin off might be the best thing for it
-
NewsWhitbread f&b lfls down 1.9% in Q1
Whitbread has this morning reported food & beverage sales across the business down 1.9% on a like-for-like basis for its first quarter with Costa UK like-for-like sales down 2%
-
NewsWhitbread ‘considering Costa sell-off’
A circular sent to Whitbread shareholders has mooted the possibility of selling off theCosta Coffee or Premier Inn businesses rather than pursuing a demerger.
-
NewsAnalysts Corner: Morgan Stanley on Whitbread
Leading analyst Jamie Rollo, from Morgan Stanley, gives his thoughts on what the weakening trading environment means for Whitbread and what its Q1 trading update could show later this month
-
Analysis & Insight
More questions than answers at Whitbread
Whitbread’s announcement that it would seek a demerger of Costa within two years may not have been a surprise given months of speculation but according to Dominic Walsh it has left a number of questions unanswered. He discusses the situation, as well as expressing sympathy for Luminar founder Steve Thomas’ current woes.
-
News
Whitbread acknowledges Costa will be vulnerable to bids
It has emerged that Whitbread’s investor relations team admitted last month’s demerger announcement could trigger bids for Costa.
-
News
Whitbread appoints Richard Gillingwater as non-exec
Whitbread has appointed Richard Gillingwater as a non-executive director and senior independent director, with effect from 27 June 2018.
-
NewsAnalysts Corner: Whitbread
Following the news that Whitbread is to split off Costa Coffee from the rest of the business, analysts from Hargreaves Lansdown and Goodbody share their thoughts on the move
-
NewsWhitbread outlines Costa demerger plan
Whitbread has confirmed it will seek a demerger of Costa, which it expects to complete within the next two years.
-
News
Analysts corner: Goodbody on Whitbread
Goodbody analyst, Gavin Kelleher, has given his view on Whitbread ahead of its preliminary results next week, saying while he retains a cautious outlook on the company, the renewed speculation that a spin-off of Costa is likely is a support to valuation.
-
News
Whitbread acquires 19-strong German hotel portfolio
Whitbread has announced the acquisition of a 19-strong hotel portfolio in Germany, from Foremost Hospitality Group GmbH, for an undisclosed sum.
-
News
Analysts Corner: Whitbread
Analysts at Goodbody have updated their forecasts for Whitbread, following its Q3 trading statement.
-
NewsWhitbread Restaurants – star of the show or work in progress?
Coverage of Whitbread’s results yesterday was dominated by the fall in like-for-like sales across its UK equity Costa stores and flat trading in hotels.
-
NewsCrozier to replace Baker as Whitbread chair
Whitbread has announced that Adam Crozier is to replace Richard Baker as chairman at the end of the next financial year - 28 February.
-
News
Whitbread partners with Black Sheep for celebratory beer
Whitbread has partnered with Black Sheep Brewery to produce a limited-edition coffee infused beer - 1742