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Whitbread PLC (WTB.L)

WTB.L on London Stock Exchange

3,910.00GBp
24 Mar 2017
Change (% chg)

-15.00 (-0.38%)
Prev Close
3,925.00
Open
3,925.00
Day's High
3,927.00
Day's Low
3,893.00
Volume
325,785
Avg. Vol
635,320
52-wk High
4,402.00
52-wk Low
3,283.00

Latest Key Developments (Source: Significant Developments)

Whitbread says Q3 total sales growth of 8.6 pct
Thursday, 26 Jan 2017 02:32am EST 

Whitbread Plc : Good total sales growth of 8.6 pct for q3 . On track to deliver full year results in line with expectations . In quarter our brands continued to win market share growing total sales by 8.6 pct and like for like sales by 1.7 pct . Trading since end of quarter is such that we expect to deliver full year results in line with expectations. . We have opened 15 hotels in uk since start of year, increasing number of rooms available by 9.7 pct . Like for like sales grew by 1.8 pct benefitting from our hotel extension programme which, as expected, diluted our like for like revpar, which was down 1.3 pct. . In quarter, costa delivered total sales growth of 12.5 pct and good like for like sales growth of 4.3 pct . This performance was supported by its new advertising and promotional campaigns and benefitted from timing of quarter end, which included a strong start to christmas period . For comparable period, to 26 november, excluding this timing benefit, costa's like for like sales growth was 2.9 pct .3 . Year to date we opened 186 net new stores worldwide and installed 1,266 costa express machines .We now expect to install at least 1,500 new costa express machines this financial year..  Full Article

Whitbread sees about 150 mln stg cumulative cost efficiencies over next five years
Tuesday, 29 Nov 2016 07:00am EST 

Whitbread Plc : We will outline our investment in business and provide examples of our cost efficiency programme . Efficiency programme, along with our organic growth, will help mitigate ongoing known sector headwinds, including national living wage, business rates and foreign exchange .Expect to deliver around £150m cumulative cost efficiencies over next five years.  Full Article

Whitbread says to exit Premier Inn ops in India and South East Asia
Wednesday, 13 Jul 2016 09:02am EDT 

Whitbread Plc : Expansion plans for Premier Inn in UK remain unaltered . Premier Inn will focus international strategy on continuing to grow its businesses in Germany and in Middle East . Costa's UK and international growth plans are not affected by today's announcement . Impact of cost associated with withdrawal from South East Asia is not considered material .Premier Inn will commence a phased withdrawal from its operations in India and South East Asia.  Full Article

Whitbread sells, leases back 389-room hub in London
Thursday, 7 Jul 2016 02:00am EDT 

Whitbread Plc :Announces sale and leaseback of its 389-room hub by Premier Inn Hotel in Kings Cross, London.  Full Article

Whitbread confident of making good progress this year
Tuesday, 21 Jun 2016 02:00am EDT 

Whitbread Plc : Delivered total sales growth of 8.0% in q1 . Costa has started year well and premier inn continues to win share, albeit in a weaker than expected hotel market . Industry data has continued to show a soft hotel market in uk, particularly in london . During quarter premier inn grew total sales by 8.0% and like for like sales by 2.1% . Against a strong comparator premier inn like for like revpar declined by 0.5% and total revpar declined by 1.2% . Costa grew total sales by 11.5% with uk retail like for like sales growth recovering to 2.6% .With benefit of our cost efficiency programme we remain confident of making good progress for full year.  Full Article

Whitbread PLC increases interim dividend
Tuesday, 20 Oct 2015 02:00am EDT 

Whitbread PLC:Says it has increased the interim dividend by 13.1% to 28.50 pence.Says it has brought forward the payment of interim dividend to Dec. 18 for all shareholders on the register at the close of business on Nov. 20.  Full Article

Whitbread appoints Chief Executive Officer
Friday, 22 May 2015 02:01am EDT 

Whitbread PLC:Appoints Alison Brittain as its next Chief Executive to succeed Andy Harrison effective Jan. 4.  Full Article

Whitbread PLC plans CEO succession
Tuesday, 28 Apr 2015 02:00am EDT 

Whitbread PLC:Says that Andy Harrison has decided to retire as Chief Executive by end of this FY ending Feb. 2016, ensuring smooth transition.Succession process, led by Chairman Richard Baker, is considering external and internal candidates.  Full Article

Whitbread PLC recommends final dividend
Tuesday, 28 Apr 2015 02:00am EDT 

Whitbread PLC:Recommends final dividend payment of 56.95 pence per share.Final dividend will be paid on July 3 to shareholders on register at close of business on May 29.  Full Article

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