Whitbread PLC (WTB.L)
Fri, Aug 31 2018
LONDON 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.
* Coke made formal approach in June, Whitbread sought higher price
* FTSE 100 down 1.1 pct, posts biggest monthly loss since 2015
LONDON, Aug 31 Britain's top share index fell on Friday and was set to end the month with a loss as a stronger pound and broader worries over an escalation in a trade war between the United States and China dented appetite for UK stocks.
LONDON, Aug 31 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.
Aug 31 Britain's Whitbread Plc said on Friday it had agreed to sell coffee chain Costa to Coca Cola for an enterprise value of 3.9 billion pounds ($5.1 billion).
July 2 Britain's Whitbread Plc is cutting at least 250 jobs, two months after it said it would spin off its Costa coffee business, according to a report https://www.independent.co.uk/news/business/news/costa-coffee-whitbread-job-cuts-premier-inn-a8427076.html by The Independent.
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.
June 27 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.
June 27 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.
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