WTB.L - Whitbread PLC

LSE - LSE Delayed price. Currency in GBp
4,177.00
-9.00 (-0.22%)
At close: 4:36PM BST
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Previous close4,186.00
Open4,340.00
Bid3,935.00 x 6300
Ask4,200.00 x 10000
Day's range4,091.00 - 4,340.00
52-week range3,499.90 - 4,340.00
Volume1,398,754
Avg. volume799,397
Market cap7.668B
Beta0.73
PE ratio (TTM)16.25
EPS (TTM)257.10
Earnings date25 Apr 2018
Forward dividend & yield0.97 (2.30%)
Ex-dividend date2017-11-09
1y target est4,126.09
  • MarketWatch6 hours ago

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  • Whitbread bows to investor demand for Costa split within two years
    Sky News6 hours ago

    Whitbread bows to investor demand for Costa split within two years

    Whitbread (Frankfurt: WHF4.F - news) is to spin-off its Costa coffee empire from its hotel and other interests following pressure from shareholders. The company said Costa would be listed as a separate business within two years under its plans which were announced after so-called activist investors clamoured for greater value from their holdings. It emerged earlier this month that Elliott Advisors had become Whitbread's largest shareholder and was seeking the so-called demerger on the grounds it could potentially value separated firms at a combined £10bn as opposed to the current £7.7bn within the Whitbread stable.

  • The Wall Street Journal6 hours ago

    [$$] U.K.'s Whitbread to Spin Off Costa Coffee Chain

    PLC will spin off its Costa coffee chain amid mounting pressure from activist investors. The group’s announcement Wednesday comes after investors, including activist funds Elliott Management Corp. and Sachem Head Capital Management LP which together hold a roughly 10% stake in Whitbread, have demanded wide-ranging changes. The group said the split that will see it keep its Premier Inn hotel brand while Costa becomes a separate listed entity was part of its growth strategy for the business.

  • FTSE 100 giant Whitbread reveals plans to spin off Costa. Time to buy?
    Fool.co.uk7 hours ago

    FTSE 100 giant Whitbread reveals plans to spin off Costa. Time to buy?

    Having now announced its intention to spin off Costa, Paul Summers takes a closer look at Whitbread plc's (LON:WTB) latest results.

  • Costa Coffee break brewing after Whitbread investors stir
    Reuters8 hours ago

    Costa Coffee break brewing after Whitbread investors stir

    Costa Coffee will be spun off after parent Whitbread (WTB.L) yielded to pressure from hedge funds who argued it was being held back by being grouped with the Premier Inn hotel chain. The world's second biggest coffee chain after Starbucks Corp (SBUX.O) has attractive, long-term international potential, Whitbread said. Former brewing group Whitbread will retain its Premier Inn hotels and Beefeater and Brewers Fayre restaurants once the split is completed within 24 months, a timeline which some shareholders said was longer than necessary.

  • Costa Coffee break brewing after Whitbread investors stir
    Reuters8 hours ago

    Costa Coffee break brewing after Whitbread investors stir

    Costa Coffee will be spun off after parent Whitbread (WTB.L) yielded to pressure from hedge funds who argued it was being held back by being grouped with the Premier Inn hotel chain. The world's second biggest coffee chain after Starbucks Corp (SBUX.O) has attractive, long-term international potential, Whitbread said. Former brewing group Whitbread will retain its Premier Inn hotels and Beefeater and Brewers Fayre restaurants once the split is completed within 24 months, a timeline which some shareholders said was longer than necessary.

  • Reuters - UK Focus8 hours ago

    Costa Coffee break brewing after Whitbread investors stir

    Costa Coffee will be spun off after parent Whitbread yielded to pressure from hedge funds who argued it was being held back by being grouped with the Premier Inn hotel chain. The world's second biggest coffee chain after Starbucks Corp (Hanover: SRB.HA - news) has attractive, long-term international potential, Whitbread said. Former brewing group Whitbread will retain its Premier Inn hotels and Beefeater and Brewers Fayre restaurants once the split is completed within 24 months, a timeline which some shareholders said was longer than necessary.

  • Whitbread to split Costa Coffee from group following activist pressure
    PA Money News9 hours ago

    Whitbread to split Costa Coffee from group following activist pressure

    It comes after Elliott revealed it had become the firm’s largest shareholder last week.

  • Activists forced early Costa demerger announcement as Whitbread split set for 2020
    The Telegraph10 hours ago

    Activists forced early Costa demerger announcement as Whitbread split set for 2020

    Activists forced early Costa demerger announcement as Whitbread split set for 2020

  • Reuters11 hours ago

    Costa Coffee to break from Whitbread after investor pressure

    Costa Coffee will be spun off as an independent business after owner Whitbread yielded to pressure from hedge fund investors who saw value in breaking up a group that also runs the Premier Inn hotel chain. Costa Coffee, second in the global coffee shop market after Starbucks Corp, had attractive long-term international opportunities, Whitbread said. The move will leave former brewing group Whitbread with its Premier Inn hotels and Beefeater and Brewers Fayre restaurants once the split is completed within 24 months.

  • Jim Armitage: Costa Coffee will taste sweeter to the City on its own
    Evening Standard11 hours ago

    Jim Armitage: Costa Coffee will taste sweeter to the City on its own

    Believe Whitbread and today’s decision to do the splits was one entirely of its own making, years in the planning. Nothing to do with the arrival of a new chairman in Adam Crozier last month to cast fresh eyes on the business. Whitbread may have considered the idea, but it was the activists who got them over the line.

  • Whitbread bows to pressure from activists and reveals plan to spin off Costa Coffee
    Evening Standard12 hours ago

    Whitbread bows to pressure from activists and reveals plan to spin off Costa Coffee

    Premier Inn owner Whitbread on Wednesday caved in to shareholder pressure and unveiled a major plan to spin off its Costa Coffee empire. Whitbread will remain owner of the Premier Inn hotels arm, which is also behind the Beefeater and Brewers Fayre brands, and shareholders will automatically become owners of the new Costa firm. Boss Alison Brittain also revealed group revenues jumped 6.1% to £3.3 billion in the 12 months to February, with Premier Inn growing and Costa’s UK comparable shops sales slowing.

  • Reuters - UK Focus12 hours ago

    Costa Coffee to break from Whitbread after investor pressure

    Costa Coffee will be spun off as an independent business after owner Whitbread yielded to pressure from hedge fund investors who saw value in breaking up a group that also runs the Premier Inn hotel chain. Costa Coffee, second in the global coffee shop market after Starbucks Corp (Hanover: SRB.HA - news) , had attractive long-term international opportunities, Whitbread said. The move will leave former brewing group Whitbread with its Premier Inn hotels and Beefeater and Brewers Fayre restaurants once the split is completed within 24 months.

  • Reuters12 hours ago

    Whitbread CEO says Costa, Premier Inn able to thrive alone

    The chief executive of Britain's Whitbread (WTB.L) said the time was right to spin-off the group's Costa Coffee chain from its Premier Inn unit as both businesses were big enough and had international growth potential to enable them to thrive alone. "We've been delivering a three point plan to make sure Premier Inn and Costa have the right scale strength and capability to survive and thrive as successful independent companies and we've made an awful lot of progress," Alison Brittain told the BBC on Wednesday.

  • Costa Coffee to spin off from Whitbread
    The Guardian12 hours ago

    Costa Coffee to spin off from Whitbread

    Costa is the UK’s largest coffee chain. Whitbread is to spin off its Costa Coffee chain from the rest of the business, which includes Premier Inn hotels, after pressure from activist investors. The company said the demerger of the UK’s biggest coffee chain would be completed within two years, allowing shareholders to invest in “two distinct, focused and market-leading businesses”.

  • Costa to be separated from Premier Inn within two years, owner Whitbread confirms
    The Independent14 hours ago

    Costa to be separated from Premier Inn within two years, owner Whitbread confirms

    The Costa Coffee chain will be spun off from its owner, Whitbread, within the next two years, the group revealed on Wednesday. Shares in Whitbread rose at the open after the company confirmed that it would demerge the high street cafe business and retain control of hotel chain Premier Inn, following weeks of speculation. Earlier this month, it emerged that activist investor Elliott Advisors had built up a stake of more than 6 per cent in Whitbread, enabling it to apply more pressure on the group to split Costa off, on the basis that both Costa and Premier Inn would do better as more focused individual businesses.

  • Reuters - UK Focus15 hours ago

    Whitbread CEO says Costa, Premier Inn able to thrive alone

    The chief executive of Britain's Whitbread (Frankfurt: WHF4.F - news) said the time was right to spin-off the group's Costa Coffee chain from its Premier Inn unit as both businesses were big enough and had international growth potential to enable them to thrive alone. "We've been delivering a three point plan to make sure Premier Inn and Costa have the right scale strength and capability to survive and thrive as successful independent companies and we've made an awful lot of progress," Alison Brittain told the BBC on Wednesday.

  • Whitbread to Set Costa Coffee Free to Take On Starbucks
    Bloomberg15 hours ago

    Whitbread to Set Costa Coffee Free to Take On Starbucks

    Whitbread Plc is betting that its faster-growing Costa Coffee chain will compete more effectively against the likes of Starbucks Corp. once separated from the company’s hotel business.

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  • Coffee, Property and Telcos: Elliott's Europe Bets in Focus
    Bloomberg2 days ago

    Coffee, Property and Telcos: Elliott's Europe Bets in Focus

    It’s going to be a busy week for billionaire Paul Singer’s Elliott Management Corp. as the spotlight turns on three of the activist hedge fund’s European investments. Hammerson Plc, in which Elliott disclosed a stake on Friday, holds its annual general meeting on April 24, as does Telecom Italia SpA. Whitbread Plc is due to report results the next day.

  • Whitbread's 2 Billion Pound Cup of Coffee
    Bloomberg2 days ago

    Whitbread's 2 Billion Pound Cup of Coffee

    The CEO's dithering on the group's structure has left investors seriously out of pocket.

  • Reuters3 days ago

    Whitbread boss believes Costa Coffee split inevitable - report

    Whitbread boss Alison Brittain believes a split between the group's hotel and coffee shop businesses is inevitable, the Sunday Times reported ahead of the company's annual results announcement on Wednesday. Last week, hedge fund Elliott Advisors became the second activist investor to call for Whitbread to split its Premier Inn hotel chain from the Costa Coffee businesses, pushing shares in the company higher. Whitbread declined to comment on the article.

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