WTB.L - Whitbread PLC

LSE - LSE Delayed Price. Currency in GBp
4,464.00
-71.00 (-1.57%)
At close: 4:56PM BST
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Previous Close4,535.00
Open4,531.00
Bid4,460.00 x 6300
Ask4,570.00 x 10000
Day's Range4,464.00 - 4,552.00
52 Week Range3,499.90 - 4,800.00
Volume578,389
Avg. Volume866,083
Market Cap8.162B
Beta (3Y Monthly)0.88
PE Ratio (TTM)18.67
EPS (TTM)239.10
Earnings DateOct 23, 2018
Forward Dividend & Yield1.01 (2.21%)
Ex-Dividend Date2018-05-24
1y Target Est4,805.00
  • Shorts Target Whitbread as Costa Sale Turns Spotlight on Hotels
    Bloomberg5 days ago

    Shorts Target Whitbread as Costa Sale Turns Spotlight on Hotels

    About 6.8 percent of Whitbread’s stock is on loan to short sellers, compared with just 0.3 percent on Aug. 31, the day that Coca-Cola said it was buying Costa, according to data compiled by IHS Markit Ltd. Whitbread shareholders voted in favor of the deal on Oct. 10. Shareholder confirmation of the sale “has removed a major catalyst for the stock,” Bernstein analyst Richard Clarke said by phone.

  • CNBC11 days ago

    Coca-Cola's $5.1 billion deal to buy UK coffee chain is approved by Whitbread shareholders

    Whitbread obtained shareholder approval for its proposed sale of its coffee chain Costa to Coca-Cola. Whitbread intends to return a significant majority of net cash proceeds from the deal to shareholders. Whitbread obtained shareholder approval for its proposed sale of its coffee chain Costa to Coca-Cola for an enterprise value of £3.9 billion ($5.1 billion) at a general meeting held in London.

  • Whitbread scraps post of operations manager at its Premier Inns
    Reuters21 days ago

    Whitbread scraps post of operations manager at its Premier Inns

    Whitbread will create new assistant manager and hotel manager posts. Founded 276 years ago as a brewery, Whitbread is one of Britain's oldest companies that grew into a sprawling business with pubs and restaurants, as well as its Costa chain of coffee shops and beer operations.

  • U.K. Flooded by Foreign Activist Investors Undeterred by Brexit
    Bloomberg25 days ago

    U.K. Flooded by Foreign Activist Investors Undeterred by Brexit

    A weaker pound and rally in U.S. markets have prompted activist investors including billionaire Paul Singer’s Elliott Management Corp. to increasingly target U.K. companies, outstripping the number of public campaigns by locally based funds. Sixty percent of the Britain-based companies that have been publicly subjected to activist demands this year were targeted by investors that aren’t headquartered in the U.K., according to researcher Activist Insight. Elliott in April disclosed a stake in Whitbread Plc, which had been under pressure for years to consider splitting its Costa coffee shops from its Premier Inn hotels.

  • The Wall Street Journal2 months ago

    [$$] Coke Adds Coffee to Its Drinks Mix in $5.1 Billion Deal

    Coca-Cola Co. made the largest brand acquisition in its history, saying Friday that it would pay $5.1 billion for British coffee-shop chain Costa as the soda giant moves further from its soft-drink roots and joins a growing group of consumer-goods companies that are betting big on coffee. The deal gives Coke a large brick-and-mortar retail presence and puts it in direct competition with Starbucks Corp., which has more than 27,000 cafes around the globe. Costa serves its red-and-white cups of coffee through its roughly 3,800 cafes, including about 2,500 in the U.K. and a growing presence in China.

  • TheStreet.com2 months ago

    Whitbread Is the Biggest Winner So Far from Coke's Coffee Excursion

    UK hospitality giant Whitbread plc shareholders are the big winners from the Coca Cola Company's big splash this morning to acquire Costa Coffee. Whitbread's shares rose 15% on Friday. Coca-Cola slid 0.

  • Secret Summit in Starbucks Hometown Began Coke's Costa Pursuit
    Bloomberg2 months ago

    Secret Summit in Starbucks Hometown Began Coke's Costa Pursuit

    A secretive summit in Seattle began Coca-Cola Co.’s whirlwind pursuit of Costa coffee. The U.S. beverage giant’s Chief Executive Officer James Quincey first spoke to his counterpart at Costa’s British parent company in May about adding coffee to the soda pioneer’s lineup, according to people familiar with the matter. Quincey and Alison Brittain, who heads up Whitbread Plc, were at the Microsoft CEO Summit, an exclusive meeting of business leaders.

  • Reuters2 months ago

    Coca-Cola takes plunge into coffee with $5.1 billion Costa deal

    Coca-Cola Co has agreed to buy coffee chain Costa for $5.1 billion to extend its push into healthier drinks and take on the likes of Starbucks and Nestle in the booming global coffee market. The purchase from Britain's Whitbread of Costa's almost 4,000 outlets thrusts the world's biggest soda company into one of the few bright spots in the sluggish packaged food and drinks sector. Paying about 1 billion pounds ($1.3 billion) more than some analysts had expected, Coke will use its distribution network to supercharge Costa's expansion as it chases coffee chain market leader Starbucks and its almost 29,000 stores across 77 markets.

  • Reuters2 months ago

    Coca-Cola quickly brews up Costa 'Del Sol' deal with Whitbread

    The 3.9 billion-pound ($5.1 billion) sale of the Costa coffee chain to Coca-Cola began brewing when Whitbread's boss Alison Brittain crossed paths with the chief executive of the soft drinks giant at a conference in May. Brittain, who has led Costa-owner Whitbread since December 2015, didn't know James Quincey before the Microsoft CEO Summit in Seattle. "I hadn't met him before that," Brittain said on Friday.

  • Reuters2 months ago

    Coca-Cola quickly brews up Costa 'Del Sol' deal with Whitbread

    The 3.9 billion-pound ($5.1 billion) sale of the Costa coffee chain to Coca-Cola (KO.N) began brewing when Whitbread's boss Alison Brittain crossed paths with the chief executive of the soft drinks giant at a conference in May. Brittain, who has led Costa-owner Whitbread (WTB.L) since December 2015, didn't know James Quincey before the Microsoft CEO Summit in Seattle. "I hadn't met him before that," Brittain said on Friday.

  • European shares fall on renewed fear of trade conflict
    Reuters2 months ago

    European shares fall on renewed fear of trade conflict

    By Helen Reid LONDON (Reuters) - European shares fell for a second day on Friday on reports that U.S. President Donald Trump is planning more tariffs on China, with Europe's STOXX posting its worst monthly ...

  • Reuters2 months ago

    European shares fall on renewed fear of trade conflict

    European shares fell for a second day on Friday on reports that U.S. President Donald Trump is planning more tariffs on China, with Europe's STOXX posting its worst monthly performance since February. The pan-European STOXX 600 ended the session down 0.8 percent. Germany's DAX, heavier in trade-sensitive industrial stocks, fell 1 percent.

  • Coca-Cola takes plunge into coffee with $5.1 billion Costa deal
    Reuters2 months ago

    Coca-Cola takes plunge into coffee with $5.1 billion Costa deal

    Coca-Cola Co (KO.N) has agreed to buy coffee chain Costa for $5.1 billion to extend its push into healthier drinks and take on the likes of Starbucks and Nestle in the booming global coffee market. The purchase from Britain's Whitbread (WTB.L) of Costa's almost 4,000 outlets thrusts the world's biggest soda company into one of the few bright spots in the sluggish packaged food and drinks sector. Paying about 1 billion pounds ($1.3 billion) more than some analysts had expected, Coke will use its distribution network to supercharge Costa's expansion as it chases coffee chain market leader Starbucks (SBUX.O) and its almost 29,000 stores across 77 markets.

  • TheStreet.com2 months ago

    Coke Warms Up to Hot Beverages with $5.1 Billion Costa Coffee Deal

    On the announcement of the deal with UK hospitality leader Whitbread Plc., shares are rising 0.4% as of 9:17 a.m. in New York. The move will help Coke's expansion into a new business segment for the soda-focused company, will boost its U.K. presence and take advantage of Costa's international footprint. "Hot beverages is one of the few segments of the total beverage landscape where Coca-Cola does not have a global brand," Coca-Cola CEO James Quincey said in a statement.

  • The Wall Street Journal2 months ago

    [$$] European Forex and Fixed Income Market Talk Roundup

    1237 GMT - Spain and France go long as they resume government bond issuance after the summer break. The Spanish treasury will tap July 2023, July 2028 and July 2048 nominal bonds alongside 2021-dated inflation-linked bonds next Thursday.

  • TheStreet.com2 months ago

    Coke Adds Coffee Giant Costa to Drinks Portfolio After $5 Billion Whitbread Deal

    Coke adds more caffeine to the portfolio. said Friday that it will purchase the Costa brand of coffee stores, the world's second largest behind Starbucks Corp. The deal, which will see Coca-Cola pay around 16.4 times Costa's full-year operating earnings, inferring an enterprise value of £3.9 billion ($5 billion) has been fully-approved by the Whitbread board but is subject to the agreement of the company's shareholders, who are set to receive a "significant" portion of the cash from the deal.

  • City cheers windfall from Whitbread's £3.9 billion Costa sale to Coca-Cola
    Evening Standard2 months ago

    City cheers windfall from Whitbread's £3.9 billion Costa sale to Coca-Cola

    Whitbread shares rocketed on Friday as investors lined up for a windfall from the shock £3.9 billion sale of coffee chain Costa to US drinks giant Coca-Cola. The UK consumer giant, which also owns hotel chain Premier Inn, stunned the City by offloading Costa to Coke. Shares surged 16% today to the highest level in three years with Costa’s price tag £1 billion more than expected.

  • Whitbread sells Costa Coffee to Coca-Cola for £3.9bn
    The Telegraph2 months ago

    Whitbread sells Costa Coffee to Coca-Cola for £3.9bn

    Whitbread sells Costa Coffee to Coca-Cola for £3.9bn

  • Reuters2 months ago

    European shares slide on trade war threats, Whitbread soars on Coca-Cola deal

    European shares tumbled for a second day on Friday as reports that U.S. President Donald Trump is planning further tariffs on China heated up a trade war, while Whitbread stole the spotlight after clinching a $5.1 billion deal with Coca-Cola. The pan-European STOXX 600 was down 0.6 percent by 0725 GMT, on track for its biggest fall in a fortnight, while Germany's DAX, heavier in trade-sensitive industrial stocks, fell 0.9 percent. European Commission President Jean-Claude Juncker said the EU would respond in kind if the U.S. imposed car tariffs, after Trump was reported to have rejected the EU's offer to eliminate car tariffs, saying its trade policies are "almost as bad as China".

  • Whitbread’s $5.1 Billion Costa Coffee Rush
    Bloomberg2 months ago

    Whitbread’s $5.1 Billion Costa Coffee Rush

    Coca-Cola Co.'s thirst for an alternative to sugary drinks has proved a boon for Whitbread CEO Alison Brittain. On Friday, she announced the sale of the Costa Coffee chain to the U.S. beverage giant for 3.9 billion pounds ($5.1 billion). Brittain has been able to capitalize on the fact that coffee is piping hot right now: In May, Nestle SA paid $7.15 billion for the right to market Starbucks coffee outside its cafes, while the Reimann family's investment company JAB recently snapped up Pret a Manger.

  • Costa Coffee sale: Coca-Cola to buy UK's biggest coffee chain for £3.9bn
    The Independent2 months ago

    Costa Coffee sale: Coca-Cola to buy UK's biggest coffee chain for £3.9bn

    Costa Coffee owner Whitbread has agreed to sell Britain’s biggest coffee chain to Coca-Cola in a £3.9bn deal. Whitbread, a leisure group taking in coffee shops and hotels, said earlier this year it would spin off Costa and list it as a separate entity, following pressure from activist investor Elliott. Whitbread’s stock rose more than 18 per cent in early trading on Friday.

  • The Wall Street Journal2 months ago

    [$$] Whitbread Sells Costa to Coca-Cola

    Whitbread said it will sell its Costa coffee business to Coca-Cola for £3.9 billion and return most of the proceeds to shareholders.