WTB.L - Whitbread PLC
| Previous Close | 4,237.00 |
| Open | 4,251.00 |
| Bid | 4,246.00 x 6300 |
| Ask | 4,249.00 x 10000 |
| Day's Range | 4,224.00 - 4,272.00 |
| 52 Week Range | 3,499.90 - 4,340.00 |
| Volume | 81,768 |
| Avg. Volume | 819,936 |
| Market Cap | 7.798B |
| Beta | 0.73 |
| PE Ratio (TTM) | 16.52 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.97 (2.30%) |
| Ex-Dividend Date | 2017-11-09 |
| 1y Target Est | N/A |
- Reuters•yesterday
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•yesterday
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.
- Financial Times•yesterday
[$$] Daily briefing: Facebook’s good day, Macron’s bold speech, Ireland’s abortion battle
FT subscribers can click here to receive FirstFT every day by email. Facebook made headlines for good reasons overnight. The company’s earnings and revenue soared in the first quarter , showing its advertising ...
- Thomson Reuters StreetEvents•yesterday
Edited Transcript of WTB.L earnings conference call or presentation 25-Apr-18 8:30am GMT
Full Year 2017 Whitbread PLC Earnings Presentation
- MarketWatch•2 days ago
FTSE 100 breaks 6-day win streak after rising bond yields spur selloff on Wall Street
U.K. stocks dropped Wednesday, with the blue-chip market’s winning streak coming to an end as elevated U.S. bond yields triggered a selloff on Wall Street.
- The Wall Street Journal•2 days ago
[$$] U.K.'s Whitbread to Spin Off Costa Coffee Chain
British hospitality group Whitbread will spin off its Costa coffee chain amid mounting pressure from activist investors.
Reuters•2 days agoCosta 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.
- The Telegraph•2 days 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
- Financial Times•2 days ago
[$$] Whitbread/Elliott: bad cop, good cop
Sachem Head, the little-known US activist that last year demanded the break-up long mooted for Whitbread, may have overplayed its hand. Whitbread chief executive Alison Brittain should aim to split the group in a year to appease investors with the time horizons of mayflies. As a house divided, Whitbread could boast an enterprise value of about £1bn more than the current £8.4bn.
- Reuters•2 days 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.
- Evening Standard•2 days 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.
- Evening Standard•2 days 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•2 days 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.
- Financial Times•2 days ago
[$$] Opening Quote: Whitbread wakes up and s(m)ells the coffee
Q: What do the activist investors at Elliott Advisors order every morning at Costa? A: An Aericano with Ilk, a Acchiato and a Ocha Espresso Q: Why is that? A: Well, they can’t seem to ...
- The Independent•2 days 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.
- Financial Times•2 days ago
[$$] Comcast, Elliott and Takeda test government’s taste for M&A
British viewers will happily binge on US TV dramas. Tea drinkers will slurp American-style decaf skinny lattes. UK consumers will swallow Japan’s low-fat cuisine and its blood pressure tablets (even some ...
- Bloomberg•2 days ago
Whitbread to Set Costa Coffee Free to Take On Starbucks
Whitbread Plc is betting that its faster-growing Costa Coffee chain will compete more effectively against the likes of Starbucks Corp. once separated from the company’s hotel business.
- Financial Times•2 days ago
[$$] Whitbread bows to investor pressure to spin off Costa
Whitbread has said it will spin-off its Costa Coffee business after pressure from two hedge funds, but the process will take up to two years, frustrating some investors. Hedge funds Sachem Head and Elliott ...
- Bloomberg•4 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.
- Bloomberg•4 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.
- Reuters•5 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.
- Simply Wall St.•10 days ago
What Does Whitbread PLC’s (LON:WTB) Share Price Indicate?
Let’s talk about the popular Whitbread PLC (LSE:WTB). The company’s shares saw significant share price volatility over the past couple of months on the LSE, rising to the highs ofRead More...
- MarketWatch•11 days ago
European stocks close lower as geopolitical worries remain on traders’ radars
European stocks ended lower Monday, as traders weighed the limited strikes on the Syrian regime over the weekend and news of potential fresh U.S. sanctions against Russia.
- MarketWatch•11 days ago
FTSE 100 pulled lower by slump for WPP
U.K. stocks drop Monday, led lower by drops for shares in Sage Group PLC and WPP PLC. But a surge for Costa Coffee parent Whitbread PLC helps limit the drop. Traders also are assessing the fallout from ...
Reuters Videos•2 days agoWhitbread to spin off Costa Coffee
Whitbread will spin off Costa Coffee after activist investors pushed for Britain's biggest coffee chain to be listed as a separate business. Rosanna Philpott reports.
