|Bid||4,800.00 x 6300|
|Ask||4,880.00 x 10000|
|Day's Range||4,820.00 - 4,860.00|
|52 Week Range||3,870.00 - 5,162.00|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||20.32|
|Earnings Date||Apr 30, 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 Plc will buy back an additional 2 billion pounds ($2.58 billion) of shares using proceeds from its sale of the Costa Coffee chain to Coca Cola Co , the owner of Premier Inn said on Wednesday. The group, which completed the $5.1 billion sale of Costa Coffee last month, has shifted focus completely to its hotels business. Whitbread began a programme of share buybacks last month, targeting 500 million pounds in purchases.
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.
British hotel owner Whitbread Plc on Thursday reported a 2.4 percent increase in third-quarter sales and expects 2019 results to be in-line with expectations, driven by new room additions at its Premier ...
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 ...
(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 ...
Shares of Coca-Cola Co. (KO) rallied on Tuesday after the company posted stronger-than-expected third-quarter results. While Coke witnessed strong demand for its diet soda Coca-Cola Zero Sugar, posting double-digit growth, sales of juice, dairy and plant-based drinks dropped 3% due to declining sales in the Middle East and Africa. Warning! GuruFocus has detected 6 Warning Sign with KO.
Whitbread is primed to “stamp across Europe”, boss Alison Brittain has insisted, despite suffering a summer slowdown at its main remaining business Premier Inn.
Leisure giant Whitbread on Tuesday gave investors a glimpse of what the business will look like once it completes a £3.9 billion sale of Costa Coffee, by revealing “ambitious” growth plans for Premier Inn. The FTSE 100 firm’s chief executive Alison Brittain said once the Costa sale to Coca-Cola happens in early 2019, Whitbread “will be a focused hotel business”. Brittain’s expansion plan was outlined in Whitbread’s first set of financial results since announcing the Costa disposal in August.
Chief Executive Officer Alison Brittain agreed in August to sell the Costa Coffee chain to Coca-Cola Co. for 3.9 billion pounds ($5.1 billion). As it reported interim results on Tuesday, Whitbread reiterated that it plans to return a significant majority of the net cash proceeds – which it estimates at 3.8 billion pounds – to shareholders, unless there were more opportunities to create value elsewhere. It will announce the exact amount and timing of the capital return in February. Whitbread is also developing its business in Germany, where it plans to have 6,000 rooms by 2021.
The group, which will focus on hotels after completing the $5 billion sale of its Costa Coffee chain to Coca-Cola (KO.N), said on Tuesday like-for-like revenue had grown just 0.2 percent in the period, reflecting an uncertain British economic mood before the planned exit from the European Union next March. Revenue rose to 1.08 billion pounds from 1.05 billion, benefiting from an influx of tourists to the UK and a rise in overall capacity at its hotels, but was still just short of estimates from analysts at both Credit Suisse and Liberum. The company outlined further planned investment in rooms in the UK and Germany, but said UK consumer demand had been weak, hurting its occupancy rate by 170 basis points in the first half.
Premier Inn owner Whitbread has announced plans to expand the hotel chain after selling its Costa coffee business to Coca-Cola for £3.9bn. On Tuesday, Whitbread boss Alison Brittain called the Costa deal, which was struck in August, “the highlight of the first half”. “Much work still remains to be done to ensure a smooth and successful separation from Whitbread at completion and during the following transitional service period, which we are confident in our ability to execute efficiently,” said Ms Brittain.
Revenue at Britain's Whitbread Plc rose 2.6 percent in the first half as investment in expanding its network of Premier Inn hotels bore fruit in a rise in sales ahead of the sale of Costa Coffee to Coca-Cola. The hotel and restaurant group said sales had risen on the back of an influx of tourists to the UK and a rise in the overall capacity of the company's hotels, although it said UK consumer demand overall had been weak. Whitbread said in August it was selling the world's biggest coffee chain to Coke in a 5-billion pound deal that will leave the 276-year-old company focusing on its hotel brands.