Whitbread chief executive Alan Parker will this week defy calls to break up the restaurant and hotel group. Analysts are expecting excellent results from Premier Travel Inn when results are announced on Tuesday. But the David Lloyd health clubs are seen as a "difficult" concept and expansion into Europe is viewed as risky. To emerge victorious, warns The Sunday Times, Parker must slash costs. This will mean carrying out in public the "sort of brutal work that usually takes place behind the scenes when a company is taken off the stock market". Parker is expected to announce between 150 and 250 job cuts and is also considering revaluing the group's £2.5bn of freehold property, which could prompt a sale-and-leaseback deal or property securisation. The board knows, though, that parts of the company also need to start performing better ú and sooner rather than later. Whitbread is expected to join the auction for parts of Compass's Select Service Partner division, which operates Moto motorway service stations. It is also expected to be a bidder for Travelodge, the second-largest budget hotel chain after its own. The Business says that Whitbread itself is considered a takeover target, with the sale of its Marriott hotels in the UK and a reduction in the company's pension deficit no longer acting as a poison pill. Cinven, UBS, the Reuben brothers and Virgin Group have all been named as possible buyers for all or part of the group. As well as David Lloyd, Costa Coffee could prove a tasty buy. The Sunday Times 23/10/05 (Business) page 3.10 The Independent on Sunday 23/10/05 (Business) page 9 The Mail on Sunday 23/10/05 (Financial Mail) pages 1 & 2 The Business 23/10/05 page 9