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Whitbread Sets Targets To Reduce Scope 3 Emissions By 43% By 2030
Whitbread Sees Capex Spend Returning To £350 Mln-£450 Mln In FY23
Whitbread Says Finance Director Nicholas Cadbury Will Be Leaving Co
Whitbread PLC is a United Kingdom-based company, which owns and operates hotels and restaurants. The Company is organized into a single business segment, Premier Inn. Premier Inn provides services in relation to accommodation and food both in the United Kingdom and internationally. The Company's restaurant brands include Beefeater, Brewers Fayre, Table Table, Cookhouse & Pub, Bar + Block, Premier Inn, hub and Thyme. The Company operates over 800 Premier Inn hotels and over 80,000 rooms across the United Kingdom. Its subsidiaries include Whitbread Group PLC, Premier Inn Hotels Limited, Premier Inn Kier Limited, Silk Street Hotels Limited, Elm Hotel Holdings Limited, Brickwoods Limited, Duttons Brewery Limited, and Silk Street Hotels Limited.
Porz Avenue, Houghton Hall Park
Adam Alexander Crozier
Independent Non-Executive Chairman of the Board
Chief Executive, Executive Director
Group Finance Director, Executive Director
General Counsel and Company Secretary
Managing Director - Property and International
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Total Debt To Equity (MRQ)
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Premier Inn owner Whitbread on Tuesday reported a smaller half-year loss and predicted a full recovery at its UK hotels in 2022, but warned of labour shortages across the industry as it set aside tens of millions of pounds to attract new hires.
Premier Inn-owner Whitbread said hotel bookings in its tourist locations picked up in the run-up to the summer season, lifting its shares even as Britain delayed plans to ease pandemic restrictions.
Premier Inn-owner Whitbread reported a 1 billion pound ($1.39 billion) annual loss on Tuesday but said it expects a significant bounce in staycation demand this summer as COVID-19 curbs in Britain are relaxed.
Premier-Inn owner Whitbread reported on Tuesday an annual loss of about $1.4 billion after COVID-19 curbs crimped all major travel in Britain for most of 2020, and said it expects a "significant" bounce in leisure demand in the summer.
Pub operator Marston's launched consultations on up to 2,150 job losses this month, while J D Wetherspoon accused the British government of panicking with new coronavirus restrictions it said could damage the entire economy.
* H1 pretax loss of 724.7 mln pounds vs profit of 219.9 mln pounds
Premier-Inn owner Whitbread reported a loss for the first half on Tuesday and said market performance has slowed since early October after the government instructed people to work from home and imposed new regional lockdowns.
Premier Inn owner Whitbread <WTB.L> plans to cut up to 6,000 jobs at its hotels and restaurants as the COVID-19 pandemic ravages the travel and hospitality industries and the British government winds down a job support scheme.
Whitbread <WTB.L> may cut around 250 head office roles as part of a proposed restructuring, the Premier Inn-owner said on Wednesday as it navigates through the coronavirus crisis, which had earlier shut all of its hotels.
Premier Inn-owner Whitbread said on Wednesday it may cut around 250 head office roles as part of proposed changes to its organisational structure, while navigating through the coronavirus crisis which had earlier shut all of its hotels.
Premier Inn owner Whitbread <WTB.L> reported a 80% fall in first-quarter like-for-like UK sales on Tuesday noting improving demand for hotel rooms in tourist spots but subdued demand in London and elsewhere.
Whitbread first-quarter sales plunged 79% as the COVID-19 lockdown shuttered most of its hotels in Britain and Germany, but the Premier Inn owner said it expects most of them to open by the end of July.
Premier Inn owner Whitbread Plc <WTB.L> said on Wednesday it has found buyers for all of its 1.01 billion pounds ($1.29 billion) rights issue, with 91.4% subscribing for new shares at 1,500 pence apiece and the remaining buying in at 2,550 pence a share.
Existing investors of Whitbread Plc have agreed to supply 91.4% of its 1.01 billion pound cash call, the Premier Inn owner said on Wednesday, with bookrunners preparing to place on sale the remaining 5.8 million unsold shares.
Shares in Premier Inn owner Whitbread Plc tumbled 16% on Thursday after it said it would seek 1.01 billion pounds ($1.2 billion) in fresh cash from shareholders to help weather the COVID-19 crisis.
Premier Inn owner Whitbread Plc said on Thursday it would raise 1.01 billion pounds ($1.23 billion) through a rights issue as the company looks to bolster its balance sheet amid the coronavirus crisis, which led to a drop in annual earnings.
Premier Inn owner Whitbread on Thursday set out plans to raise 1.01 billion pounds ($1.23 billion) through a rights issue as it looks to bolster its balance sheet amid the coronavirus crisis, which caused a plunge in annual earnings.
British hotel operator Whitbread on Tuesday suspended shareholders' dividend and said it would immediately shut all its hotels and restaurants due to the coronavirus outbreak.
British hotel operator Whitbread on Tuesday suspended shareholders' dividend and said would shut all its hotels and restaurants immediately due to the coronavirus outbreak.
* WHITBREAD - WHITBREAD'S FINANCIAL PERFORMANCE FOR YEAR ENDED 27 FEBRUARY 2020 IS EXPECTED TO BE IN-LINE WITH EXPECTATIONS
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.