Advertisement
UK markets closed
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     
  • CRUDE OIL

    85.41
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,410.10
    +27.10 (+1.14%)
     
  • DOW

    37,803.06
    +67.95 (+0.18%)
     
  • Bitcoin GBP

    50,447.60
    -646.24 (-1.26%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    15,885.29
    +0.28 (+0.00%)
     
  • UK FTSE All Share

    4,260.41
    -78.49 (-1.81%)
     

BUZZ-Whitbread: falls on Citi double downgrade

** British hotel and coffee-shop owner down 3.3 pct after Citigroup (NYSE: C - news) downgrades stock to "sell" from "buy"

** Citigroup cites a mere 5.5 pct annual EBIT growth rate to FY 21

** Stock at its lowest since Dec (Shanghai: 600875.SS - news) 2016

** For Premier Inn, "Our analysis of US RevPAR data suggests the sharing economy is starting to impact the cycle as it adds incremental supply, and reduces pricing possible on compression nights," Citigroup says

** Citi says its proprietary analysis of all Costa, Caffe Nero, Starbucks (Hanover: SRB.HA - news) and Greggs (Stuttgart: 41G1.SG - news) shops in the UK leads it to forecast just c.4-5 years structural growth left in the branded UK coffee market

** Second largest percentage loser on FTSE 100, Stoxx 600