|Bid||4,833.00 x 6300|
|Ask||4,836.00 x 10000|
|Day's range||4,801.00 - 4,849.00|
|52-week range||3,870.00 - 5,162.00|
|Beta (3Y monthly)||0.72|
|PE ratio (TTM)||20.23|
|Earnings date||30 Apr 2019|
|Forward dividend & yield||1.02 (2.02%)|
|1y target est||4,741.39|
The group, which gave details of its plans at a Capital Markets Day on Wednesday, completed the $5.1 billion sale of Costa Coffee last month, has shifted the company's focus almost entirely to hotels, which includes the Premier Inn brand in Britain. Whitbread put the potential total for the number of rooms in Britain at 110,000 in the long term from an existing portfolio of 74,000 rooms. Investors have been looking for signs of an aggressive growth plan, with Whitbread flush with cash from the Costa sale.
Whitbread (Frankfurt: WHF4.F - news) will buy back an extra 2 billion pounds ($2.58 billion) of shares using proceeds from its Costa Coffee sale and aims to double the long-term network potential at its hotels business to more than 170,000 rooms in Britain and overseas. The group, which gave details of its plans at a Capital Markets Day on Wednesday, completed the $5.1 billion sale of Costa Coffee last month, has shifted the company's focus almost entirely to hotels, which includes the Premier Inn brand in Britain. Whitbread put the potential total for the number of rooms in Britain at 110,000 in the long term from an existing portfolio of 74,000 rooms.
Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. Below, I will assess Whitbread PLC's (LON:WTB) track record on a high Read More...
Premier Inn owner Whitbread plans to keep investing in its hotel portfolio despite the Brexit-related economic challenges in its core market. The company, which operates almost 800 hotels mainly in the UK, warned of weakness in its UK hotel portfolio outside of London as consumer and business confidence declined during the third quarter. But even […] The post Premier Inn Owner Looks to Put Pressure on Independent Hotels appeared first on Skift.
Investors were left disappointed on Thursday as hotels giant Premier Inn’s owner Whitbread warned profits will be flat next year amid market “uncertainty”. The FTSE 100 firm expects underlying pre-tax profits in the year to February 2020 to “be consistent with” the £444 million analysts have pencilled in for the current financial year, which ends next month. Shares in Whitbread fell 85p, or 1.8%, to 4688p.
Shares of the FTSE 100 company fell in morning trading as investors shrugged off a 2.4 percent increase in quarterly sales and focussed on the cautious outlook. The owner of the Premier Inn chain said it expected annual results to be in line with expectations in the current financial year that runs until around the start of March but added that there would be no progress in underlying profit before tax in 2019-20. Whitbread this month completed the sale of Costa to Coca-Cola Co (KO.N) for 3.9 billion pounds.
Investors in British stocks turned their focus from political to company developments on Thursday as results from software firm Sage, Primark owner ABF, and bookmaker GVC triggered big moves and weak house ...
BRUSSELS (Reuters) - The European Commission said on Thursday it had cleared the sale of the Costa Coffee chain to U.S. drinks maker Coca-Cola Co (KO.N) from British restaurant and hotel owner Whitbread ...
(Reuters) - British restaurant and hotel owner Whitbread Plc (WTB.L) said on Friday it has received clearance from the European Union for sale of the Costa coffee chain to Coca-Cola Co (KO.N). Whitbread ...
** RBC initiates coverage of three hotel stocks: Accor with ‘outperform’; Whitbread and IHG with ‘sector perform’ ** Accor is RBC’s preferred company given its good room growth, defensive management, increased ...
(Reuters) - Britain's Whitbread Plc (WTB.L) said on Thursday that Chinese authorities have approved the sale of its Costa coffee chain to Coca-Cola (KO.N). The company said that it still needs approval ...
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Barclays ups Akzo Nobel to "overweight", saying the stock offers good value after derating during the ...
Whitbread (Frankfurt: WHF4.F - news) says there is a "degree of caution" in its profit forecasts after reporting flat earnings for the first half of its financial year. The company, which owns the Premier Inn hotel brand and is in the process of selling Costa coffee to Coca-Cola, maintained its full-year profit guidance but admitted concerns about demand as Brexit looms next March and increased costs for consumers generally. On an underlying basis, Whitbread said new rooms helped it grow profits by £2.5% to £270m.
Whitbread is primed to “stamp across Europe”, boss Alison Brittain has insisted, despite suffering a summer slowdown at its main remaining business Premier Inn.
Premier Inn has one hotel in Frankfurt, with more hotels to open in Munich and Hamburg in the coming months, and it expects to have 33 hotels with 6,000 rooms in Germany by 2021. Premier Inn’s owner, Whitbread, is planning a major push into the German hotels market after the sale of its Costa Coffee business to Coca-Cola. Alison Brittain, Whitbread’s chief executive, said the company would plough some of the proceeds from the agreed £3.9bn sale into expanding its hotels business but a “significant proportion” of the money would be returned to shareholders.