|Bid||0.000 x 50000|
|Ask||0.000 x 50000|
|Day's range||44.766 - 45.631|
|52-week range||39.228 - 50.667|
|PE ratio (TTM)||15.36|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
** Merlin Entertainments falls 2.4 pct as brokers cut target prices the day after a profit warning saw shares fall by 15 pct ** The Madame Tussauds and Alton Towers operator said terror attacks had deterred ...
The owner of Costa has paid £35m to buy out its joint venture partner in southern China, signalling an acceleration in its coffee shop expansion plans. Whitbread (Frankfurt: WHF4.F - news) , the FTSE 100 leisure group, confirmed a story by Sky News that it was acquiring the 49% stake in the partnership it did not already own from Yueda. It currently operates 252 stores in the south of China, including 93 stores in Shanghai, and Whitbread said the agreement was subject to clearing final regulatory "formalities".
Whitbread said it would pay 35 million pounds for the stake. Costa currently owns 51 percent of the joint venture which operates 252 stores in southern China, along with 93 stores in Shanghai. The business will continue to be consolidated in Costa's and Whitbread's financial accounts, the company said.
Oct (Shenzhen: 000069.SZ - news) 10 (Reuters) - Whitbread (Frankfurt: WHF4.F - news) 's Costa coffee chain is buying the 49 percent of a joint venture in south China held by Yueda Group to bolster its presence in the country, the British firm said on Tuesday. Whitbread said it would pay 35 million pounds ($46 million)for the stake. Costa currently owns 51 percent of the joint venture which operates 252 stores in southern China, along with 93 stores in Shanghai.
Whitbread (Frankfurt: WHF4.F - news) , the FTSE-100 leisure group, will this week underline its intention to expand its presence in the world's most populous country by taking full control of one of its Chinese joint ventures. Sky News has learnt that Whitbread, run by Alison Brittain, will announce on Tuesday that it is acquiring a 49% stake in its Costa Coffee partnership in the south of China. The deal, which is expected to cost a modest sum in the low tens of millions of pounds, will bolster Whitbread's exposure to Shanghai, where Costa already operates nearly 100 stores.
Britain's EU divorce bill is now presumed to be "£60bn and falling", the Brexit Secretary told business leaders on Friday, as he offered reassurance about the UK's future economic relationship with Europe. Sky News has learnt that David Davis told a gathering of bosses at Chevening House that the UK would enjoy a comprehensive free trade agreement with the European Union after Brexit.
JD Wetherspoon, owner and operator of more than 900 pubs in Britain and Ireland (Other OTC: IRLD - news) , on Friday reported an almost 28 percent jump in profit before tax and exceptional items to 102.8 million pounds ($138 million). "Since the year end, Wetherspoon's like-for-like sales have continued to be encouraging and have increased by 6.1 percent.
It has become a regular feature during the 15 months since the UK voted to leave the EU – a company, publishing their full or half year results, complains the subsequent drop in the pound has hit profits by pushing up their costs or eating into the disposable incomes of their customers. Its trading update on Tuesday, which also marks the swansong for outgoing chief executive Jill McDonald, indirectly credits the drop in the pound for encouraging people to take "staycations" at home this summer.
Adam Crozier, the former ITV (Frankfurt: A0BLQP - news) chief executive, is being lined up to become chairman of the Vue cinema chain as it examines plans for a blockbuster sale or stock market flotation. Sky News has learnt that Vue, which is controlled by the Canadian pension funds Omers and Aimco, has approached Mr Crozier about the role. Sources close to Vue and its owner said the discussions were likely to result in Mr Crozier being appointed in the coming weeks, although they cautioned that no deal had yet been agreed.
Shares in Whitbread, the owner of Costa Coffee and Premier Inn, have popped close to 5% in morning trade on Wednesday after the company reported better than expected results in the first quarter of 2017. Whitbread's Premier Inn chain of budget hotels exceeded expectations for the start of the year, growing like-for-like sales by 4.7% against a forecast of around 2.9% from analysts prior to the release. Overall, Whitbread grew sales by 7.6%, which was broadly in line with expectations.
Britain's Whitbread (Frankfurt: WHF4.F - news) , which runs the Costa Coffee chain and Premier Inn hotels, reported a 7.6 percent rise in first-quarter sales on improved trading at both its businesses. Whitbread, which had previously warned that it sees tougher trading ahead, said on Wednesday that the performance in the 13 weeks to June 2 was in line with its expectations. Deutsche Bank (IOB: 0H7D.IL - news) , in a client note, called the update "reassuring" with positive numbers in all businesses.
Britain's Whitbread, which runs the Costa Coffee chain and Premier Inn hotels, reported group sales up 7.6 percent in its first quarter. Whitbread, which had previously warned that it sees tougher trading ...
** Whitbread shares down c.2 pct after a four-star rated Goldman Sachs analyst cuts rating to "sell" from "neutral" ** GS expects Whitbread - the owner of Premier Inn hotels and the ...
Barclays (LSE: BARC.L - news) has seen its profit before tax more than double in the first three months of 2017 compared to the same period last year. The bank made £1.682bn between January and March, up from £793m however its share price took a hit as investors fretted about earnings from its investment banking division, which missed estimates. Barclays' market value had fallen by more than 5% by the close.
Marks & Spencer (Frankfurt: 534418 - news) (M&S) is closing in on the appointment of a new chairman as it finalises an overhaul of its leadership team aimed at accelerating the revival of Britain’s best-known retailer. Sky News understands that M&S is in advanced talks with Archie Norman, the former Asda boss, and at least one other candidate about replacing Robert Swannell, the former investment banker who has chaired M&S since 2010. Mr Norman, who stepped down as ITV (Frankfurt: A0BLQP - news) 's chairman last year, has long been seen as a logical contender for the role.
Lloyds Banking Group has announced a first quarter pre-tax profit of £1.3bn, almost double the sum achieved on a year ago, despite a "challenging operating environment". The taxpayer-backed bank, which is on the verge of returning to private hands following monthly share sales by the Treasury, said the profit performance was mainly due to a reduction in charges and the economy proving more resilient than expected after the Brexit vote. "These results continue to demonstrate the strength of our customer focused, simple and low risk business model and our ability to respond to a challenging operating environment.
Sandwich and coffee chain Pret A Manger is "reaching out" to British job applicants as it looks to plug a looming recruitment gap caused by Brexit, its boss said. Chief (Taiwan OTC: 3345.TWO - news) executive Clive Schlee revealed that the business - most of whose workers come from the continent - was turning to social media and UK job centres to tap into the UK labour market. Pret revealed last month that just one in 50 of its job applicants was British and has now revealed a how it is dealing with a possible recruitment crisis - as it published record full-year results.
Whitbread (Frankfurt: WHF4.F - news) , the company behind Costa coffee and Premier Inn, has endured a 7% fall in its share price after warning of a "tougher consumer environment". Whitbread reported like-for-like sales growth across its brands, with Costa sales rising 2%. Premier Inn revenue grew 2.3% by the same measure.