|Bid||3,946.00 x 6300|
|Ask||3,948.00 x 10000|
|Day's Range||3,925.00 - 3,967.00|
|52 Week Range||3,499.90 - 4,573.00|
|PE Ratio (TTM)||16.51|
|Earnings Date||Oct 23, 2018|
|Forward Dividend & Yield||1.01 (2.52%)|
|1y Target Est||4,223.18|
Barron’s: What do you make of this economy and market, Oscar? Oscar Schafer: I’m not a big predictor of macroeconomic trends, and I’m politically agnostic when it affects the stock market. But the U.S. ...
The Independent newspaper reported https://www.independent.co.uk/news/business/news/costa-coffee-whitbread-job-cuts-premier-inn-a8427076.html that Whitbread was cutting at least 250 jobs as part of the restructuring of its restaurants business, which is held under the Premier Inn brand. "We are consulting directly with the individuals impacted and will endeavour to find them alternative positions wherever possible," Whitbread said in an e-mailed statement to Reuters, without disclosing how many jobs would be affected. The news comes two months after Whitbread said it would spin off Costa Coffee, yielding to pressure from hedge funds, including activist investor Elliott, which said the coffee chain was being held back by being grouped with the Premier Inn hotel chain.
Hospitality group Whitbread is cutting hundreds of management roles, two months after confirming plans to spin off its Costa coffee business, The Independent can reveal. The company will let at least 250 managers go as part of a restructuring of its restaurant business, which is held under the Premier Inn brand. According to a source close to the company, workers have been concerned that job cuts were looming since the Costa spin-off was announced, and feel that the process has not been handled well by Whitbread.
The owner of Premier Inn hotels and coffee chain Costa on Wednesday cast a shadow over its decision to break up the two businesses as it posted falling sales. Same-store sales at Costa in Britain, which has been seen as an undervalued jewel and a moneymaker at Whitbread, were down 2% for the first quarter. In April, Whitbread said it is going to spin off its £3 billion Costa arm after bowing to pressure from activist investor Elliott and hedge fund Sachem Head, another shareholder.
Costa Coffee will be spun off after Whitbread yielded to pressure from hedge funds, including activist investor Elliott Investors, who argued it was being held back by being grouped with the Premier Inn hotel chain. "Constructive early steps have been taken in preparation for the demerger and good progress continues to be made on the core infrastructure and efficiency work that was already underway," the company said in a statement. Whitbread said it expects to deliver full-year results in line with expectations, adding that it would provide an update on the demerger in October.
Britain's Whitbread said on Wednesday it had made "good progress" in Costa Coffee's demerger as it reported a dip in first-quarter sales in its British stores. Costa Coffee will be spun off after Whitbread yielded to pressure from hedge funds, including activist investor Elliott Investors, who argued it was being held back by being grouped with the Premier Inn hotel chain. "Constructive early steps have been taken in preparation for the demerger and good progress continues to be made on the core infrastructure and efficiency work that was already underway," the company said in a statement.
Britain's Whitbread said on Wednesday that it had made "good progress" on Costa Coffee's demerger and reported a 1.3 percent fall in UK like-for-like first-quarter sales. Total sales rose 3.5 ...
Whitbread boss Alison Brittain will be quizzed over the firm’s plans for Costa Coffee on Wednesday when the group reports on first-quarter trading. The company said earlier this year that it would split the Costa chain and list it as a separate entity, following pressure from activist investor Elliott. It was reported last month that Whitbread has been approached informally over a potential buyout of the firm, and investors will be keen to learn more alongside the company’s trading update.
Over the past 10 years Whitbread PLC (LON:WTB) has returned an average of 3.00% per year from dividend payouts. The company is currently worth UK£7.52b, and now yields roughly 2.47%.Read More...
Britain's Whitbread is open to selling its Costa coffee chain or Premier Inn hotels and abandoning its original plan to spin-off the coffee business, according to a new executive pay scheme circulated to shareholders. The FTSE 100 company said in April it planned to demerge Costa into a separately listed company within two years to "provide shareholders with an investment in two distinct, focused and market-leading businesses".
Whitbread PLC (LSE:WTB) outperformed the Restaurants industry on the basis of its ROE – producing a higher 15.57% relative to the peer average of 10.31% over the past 12 months.Read More...
British sandwich and coffee shop chain Pret A Manger was sold for $2 billion (1.5 billion pounds) on Tuesday to an investment fund of Germany's billionaire Reimann family, as part of a global acquisition spree aimed at challenging Nestle (NESN.S) in the coffee sector. The sale values Pret at more than 1.5 billion pounds ($2 billion) including debt and gives Pret founders Julian Metcalfe and Sinclair Beecham a final exit from their remaining investment in the chain they founded 32 years ago. It also gives a windfall to Pret's 12,000 staff as Chief Executive Clive Schlee said via Twitter they would each get a 1,000 pound bonus once the deal completes.
There is a lot to be liked about Whitbread PLC (LSE:WTB) as an income stock, over the past 10 years it has returned an average of 3.00% per year. TheRead More...
Have you been keeping an eye on Whitbread PLC’s (LSE:WTB) upcoming dividend of £0.7 per share payable on the 04 July 2018? Then you only have 9 days left beforeRead More...
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 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.
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.
British hospitality group Whitbread will spin off its Costa coffee chain amid mounting pressure from activist investors.