WTB.L - Whitbread PLC
| Previous close | 2,563.00 |
| Open | 2,523.00 |
| Bid | 2,450.00 x 0 |
| Ask | 2,680.00 x 0 |
| Day's range | 2,460.00 - 2,540.00 |
| 52-week range | 1,805.50 - 5,194.00 |
| Volume | 2,787,315 |
| Avg. volume | 1,204,713 |
| Market cap | 5.102B |
| Beta (5Y monthly) | 0.91 |
| PE ratio (TTM) | 1.20 |
| EPS (TTM) | 2,100.70 |
| Earnings date | 21 May 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 07 Nov 2019 |
| 1y target est | 4,741.39 |
- Bloomberg
Whitbread to Raise $1.2 Billion to Shore Up Finances
(Bloomberg) -- Whitbread Plc, the U.K.’s largest hospitality company, plans to tap investors for 1 billion pounds ($1.2 billion) via a share sale to help see it through the coronavirus pandemic that’s shut restaurants and hotels.The owner of the Premier Inn chain will launch the rights offer on Thursday as it takes “decisive action” to reduce cash outflows and enhance liquidity, it said in a statement. Lenders have already agreed to waive covenants on debt for 18 months, and Whitbread suspended its dividend.“Optimizing the balance sheet in this way will enable the business to be in the best possible position to continue investing and taking market share in our fragmented sector when the current situation normalizes,” Chief Executive Officer Alison Brittain said in the release.With most of Whitbread’s hotels in the U.K. still shut, the company is bearing the brunt of the viral outbreak as other industries gradually restart operations. The Dunstable, England-based group has 27,000 workers furloughed on full pay and is refunding customers at a time when revenue streams are largely closed off.Shares of the company dropped 10% to 2,560 pence as trading opened in London. They have almost halved in value so far this year.The two-for-one rights offer is fully underwritten by JP Morgan Cazenove, which along with Morgan Stanley is also sponsoring and coordinating the sale.Brittain is looking to leverage Whitbread’s scale as the crisis wreaks havoc among smaller operators in both the U.K. and Germany, where the company has been expanding the Premier Inn chain. Its sites in Germany reopened on May 11.“We expect there to be an impact on the competitive landscape and to see a material slowdown in the supply of rooms in both our key markets, and potentially an acceleration in the decline of the large independent sector,” the CEO said.(Updates with share price in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Yahoo Finance UK
Coronavirus: Premier Inn owner aims to raise £1bn to battle crisis
Company aims to raise funds through a rights issue — giving the option to existing shareholders to purchase additional new shares.
- Reuters
Premier Inn owner Whitbread's $1.2 billion cash call knocks shares
Shares in Premier Inn owner Whitbread Plc <WTB.L> tumbled 16% on Thursday after it said it would seek 1.01 billion pounds in fresh cash from shareholders to help weather the COVID-19 crisis. The 278-year company said it would offer its owners one new share for every two existing shares in a fully-underwritten rights issue, aimed at bolstering its balance sheet and boosting investment while other budget-branded competitors struggle with the fallout of the pandemic. The significant dilution for shareholders implied by the deal pushed its shares down 16% to 2,395 pence by 0920 GMT, making it the worst performer in the FTSE 100 blue-chip index on the day.
- Stockopedia
What does the future hold for the Whitbread share price?
The Whitbread (LON:WTB) share price has risen by 9.04% over the past month and it’s currently trading at 2843. For investors considering whether to buy, hold o...
- Fool.co.uk
Time to buy these battered FTSE 100 stocks?
These two FTSE 100 (INDEXFTSE:UKX) stocks have been hammered by the coronavirus. Paul Summers thinks it might be time to start buying one of them.The post Time to buy these battered FTSE 100 stocks? appeared first on The Motley Fool UK.
- Fool.co.uk
Stock market rebound: I’d buy these FTSE 100 bargains
Three cyclical FTSE 100 shares that could participate in the stock market rebound when the green shoots begin to appear after this coronavirus crisis.The post Stock market rebound: I’d buy these FTSE 100 bargains appeared first on The Motley Fool UK.
- Fool.co.uk
Stock market crash: I’d buy these 3 FTSE 100 stocks for the long term
After the market crash, stocks could remain volatile in the short term. But there are bargains around for long-term investors, argues G A Chester.The post Stock market crash: I'd buy these 3 FTSE 100 stocks for the long term appeared first on The Motley Fool UK.
- Yahoo Finance UK
Coronavirus: One in four FTSE 100 bosses takes pay cut
One in four CEOs of the biggest listed UK companies has taken a pay cut due to the coronavirus crisis, while one company has not announced plans to slash its boss’s pay, despite sending staff home.
- Fool.co.uk
2 bargain FTSE 100 shares I’d buy with £5k in this stock market crash
These two FTSE 100 (INDEXFTSE:UKX) shares could offer good value for money in my opinion.The post 2 bargain FTSE 100 shares I’d buy with £5k in this stock market crash appeared first on The Motley Fool UK.
- Yahoo Finance UK
Domino's appoints former cruise line VP and Costa Coffee boss as its new CEO
Dominic Paul has extensive experience in the travel and leisure industry.
- Simply Wall St.
What Is Whitbread's (LON:WTB) P/E Ratio After Its Share Price Tanked?
To the annoyance of some shareholders, Whitbread (LON:WTB) shares are down a considerable 44% in the last month...
- Stockopedia
Will the Whitbread share price continue to drop?
Momentum is sticky and persists for longer than investors tend to anticipate. The downside of this is that stocks with recent negative momentum are likely to c8230;
- Reuters - UK Focus
MORNING BID-Borders and pubs are shutting. What about markets?
President Donald Trump saying the US may be heading into recession (did anyone still doubt that?) a manufacturing index slumping in March for its biggest monthly fall on record and heightened anti-virus measures sent Wall Street into a 12% tailspin, its biggest drop since the 1987 Black Monday, with $3 trillion wiped off its value. Some markets continued to tank – South Korea lost 2.4%.
- Reuters - UK Focus
LIVE MARKETS-Broad gains but no break for travel & leisure
You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. On the bright side, Air France and Accor shares were up after France's fiscal response last night. As expected UK pub, cinema and restaurant stocks are taking a hit with Cineworld and Whitbread leading the losses.
- Reuters - UK Focus
LIVE MARKETS-On our radar: Pandora, Dixons Carphone, UK pubs & restaurants
You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. Mobile phone retailer Dixons Carphone to axe 2,900 jobs as it plans to close all UK standalone Carphone Warehouse stores. UK government's recommendation to avoid pubs, clubs, restaurants, cinemas and theatres could hit Whitbread, Marston's, Cineworld, JD Weatherspoon and Mitchells & Butlers.
- Yahoo Finance UK
Stock sell-off shows every industry will feel coronavirus cost
Thursday is arguably the day the impact became tangible, as a slew of UK companies warned coronavirus was hurting their business.
- Simply Wall St.
Should You Worry About Whitbread PLC’s (LON:WTB) ROCE?
Today we are going to look at Whitbread PLC (LON:WTB) to see whether it might be an attractive investment prospect. To...
- Simply Wall St.
Volatility 101: Should Whitbread (LON:WTB) Shares Have Dropped 11%?
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some...
- Skift
Premier Inn Owner Whitbread Wants a Closer Relationship With Corporate Travel Agents
UK-based hospitality company Whitbread has prioritized direct booking channels over any other form of distribution in recent times but is its approach to travel agents about to change? The Premier Inn-owner gets 97 percent of its UK bookings direct — something other global chains can only dream about — and the number in its nascent […]
- Reuters - UK Focus
UPDATE 2-FTSE 100 falls behind Europe as earnings disappoint
Underwhelming trading updates from Pearson and Whitbread broke a three-day winning run for London's main index on Thursday, while investors exercised caution amid a lack of clarity on some elements of the U.S.-China trade deal. The FTSE 100 drifted in and out of the red but ended 0.4% lower, underperforming the STOXX 600 which added 0.2%. The FTSE 250, however, eked out a 0.04% gain, helped by a strengthening of the pound as well as an 8% leap in Wood Group after the oilfield services provider forecast higher 2019 core earnings.
- Yahoo Finance UK
Premier Inn owner blames economic uncertainty for fall in room sales
Whitbread blames weak business and consumer confidence for a decline in its UK accommodation business.
- Reuters
No post-election business bookings bounce for Premier Inn
Whitbread warned multiple times last year that it saw companies cutting back on business trips amid tortuous negotiations over Britain's plans to leave the European Union. On Thursday, the bluechip company said that weakening confidence among people making business or leisure trips in the UK continued. Whitbread shares were down fell 5.5% to 4,574 pence at 0923 GMT following the announcement and on course for their biggest one-day fall since April.
- Investing.com
Premarket London: Pearson Revenue Flat, CFO Departs; Whitbread Sales Dip
Investing.com - Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the UK market open on Thursday 16 January. Please refresh for updates for UK market news from the LSE’s RNS on individual UK shares from FTSE 100, FTSE 250 and FTSE All-Share.
- Simply Wall St.
Should You Worry About Whitbread PLC's (LON:WTB) CEO Pay?
Alison Brittain has been the CEO of Whitbread PLC (LON:WTB) since 2016. This report will, first, examine the CEO...
- Skift
What the UK Election Result Means for Travel and Tourism
Ever since the UK voted to leave the European Union in the June 2016 referendum, the country has been in a state of paralysis. That looks to be over now thanks to a thumping win in the general election for Prime Minister Boris Johnson and his ruling Conservative Party. It seems certain now that the […]
