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All Whitbread articles – Page 4
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Analysis & Insight
Goodbody on Whitbread
Following the announcement of Whitbread’s H1 results, Rachel Fox, equity analyst at Goodbody gives her verdict.
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NewsWhitbread sees turnaround in total F&B sales
Whitbread has seen total food and beverage sales within Premier Inn UK increase by 0.6% during the first half of 2019/20, following a 0.8% decline seen for H1 last year.
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NewsWhitbread appoints new non-executive director
Whitbread has appointed Horst Baier as a non-executive director, with effect from 1 November 2019.
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NewsWhitbread completes £2bn capital return programme
Whitbread has completed a £2bn capital return programme to shareholders.
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NewsWhitbread F&B lfls down 2.1%
Whitbread has reported a decline in food & beverage like for like sales growth of 2.1%, in Q1 FY2020.
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Analysis & InsightWhitbread F&B – some extra meat on the restaurant bones
MCA market insight director Steve Gotham asks why Whitbread is so shy about discussing its substantial restaurant and pub portfolio. He delves into the available data to see what can be gleaned about Whitbread’s F&B brands and their resonance with consumers
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NewsWhitbread sees dip in lfl accommodation and f&b sales
Whitbread has reported like-for-like (lfl) food & beverage sales down 2% in its full financial year.
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News
Whitbread to cut head office
Whitbread is expected to cut more than 100 head-office jobs as a result of its sale of Costa Coffee to the Coca-Cola Company for £3.9 billion – though none of the executive committee is thought to be affected.
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NewsWhitbread’s Bar + Block to open first Northern Ireland site
Whitbread’s Bar + Block Steakhouse brand is to open new restaurants in Bristol and Belfast – its first in Northern Ireland, in April.
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News
Whitbread outlines UK and international ambitions
Whitbread has used its Capital Markets Day to reiterate its belief in its “unique, vertically-integrated model” as a lever for growth and value creation.
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NewsWhitbread trialling new restaurant formats
Whitbread is trialling new restaurant formats as well as rolling out a refresh of the Brewers Fayre brand, the group’s chief technology officer told MCA’s Hostech conference yesterday.
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NewsAnalysts corner: Rollo on Whitbread
Morgan Stanley analyst Jamie Rollo gives five reasons to stay positive about Whitbread following its announcement of faltering like-for-like sales in its third quarter.
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NewsWhitbread f&b sales down 2.2% in YTD
Whitbread has delivered its first trading update since the £3.9bn sale of Costa to Coca-Cola, reporting like-for-like sales across its remaining estate down 0.6%.
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NewsWhitbread appoints GK’s Patel in FD role
Hemant Patel, the former finance director for Greene King’s Pub Company, has been appointed finance director for Premier Inn & Restaurants at Whitbread.
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NewsWhitbread to retain Pure
Whitbread has reiterated that its key focus will be on hotels following the sale of Costa Coffee to Coca-Cola, though said it would retain its 49% investment in Pure, the healthy-eating grab and go concept.
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NewsAnalysts corner: Goodbody on Whitbread
Goodbody analysts have set out their view on the prospects for Whitbread, post the divestment of Costa, suggesting that it opens the door for value creation.
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NewsWhitbread shareholders vote in favour of Costa sale
Whitbread shareholders have overwhelmingly approved the sale of its Costa Coffee arm to Coca-Cola for £3.9bn.
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NewsBar + Block updates on pipeline
Whitbread’s high street steak restaurant brand Bar + Block has announced openings in Wimbledon and Reading in early 2019, and hints at more to come, MCA has learnt.
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OpinionWhat next for Whitbread?
Dominic Walsh looks at what the future is likely to hold for Whitbread following the sale of Costa to Coca-Cola. He asks whether Pure is being lined up to repeat Costa’s success story and where the deal leaves Premier Inn, as well as speculating on whether this marks the beginning of the end for Whitbread as a corporate entity, and how many tears would be shed over its demise.
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NewsBar + Block poised for Edinburgh
Whitbread is looking to open a Bar + Block alongside an extended Premier Inn in Edinburgh city.