Is it time for AB Foods to either spin-off Primark or sell its sugar division?
Some analysts think Primark is being dragged down by AB Foods’ sugar division, which is struggling to deal with a collapse in the price of the sweet stuff
Company
LON:WTB
Whitbread PLC is the UK's largest hotel and restaurant company operating businesses in the budget hotels and restaurant sectors. Its brands include Premier Inn, Beefeater, Table Table, Brewers Fayre and Taybarns. Whitbread PLC employs over 33,000 people and serves 8.5 million customers every month in its 1500 outlets across the UK.
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Some analysts think Primark is being dragged down by AB Foods’ sugar division, which is struggling to deal with a collapse in the price of the sweet stuff
Brian McBride will step down as chairman of ASOS in November after six years in the role
The hotels and coffee shops operator is still expanding in the UK - perhaps a little too vigorously, some say - but increasingly market pundits are looking to China and Germany to perk up the performance of the group
Costa UK grew total sales by 5.2% in the quarter through the strong contribution from new stores and Express machines. Premier Inn UK delivered total accommodation sales growth of 4.3% driven by additional capacity
The UK index of leading shares closed almost 84 points higher at 7,621..
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Aside from the Whitbread news, investors will also have a trading update from FTSE 100-listed distribution and outsourcing group Bunzl to digest on Wednesday
FTSE 100 tanked on the day, along with other European indices
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News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
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Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
Sainsbury's shares rose 29% in April on the back of news it had agreed to merge with Asda
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Imports in the period fell 2.1%, while exports increased 2.4%
Whitbread faces an uncertain economic outlook and inflationary pressures on the high street
Costa delivered revenue growth of 7.5% in fiscal year 2018
Resource stocks suffer as US dollar makes headway on forex markets
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Day ahead includes first-quarter updates from blue chip firms Lloyds Banking Group, GlaxoSmithKline, Whitbread, and Persimmon ...
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FTSE 100 closed around 30 points higher at 7,398 on Minday
The UK's largest coffee chain aims to recycle its entire annual use of takeaway cups
Whitbread downgraded by HSBC but price target held at 4,800p
Polymetal has acquired an 85% stake in one copper-gold deposit, sold an 85% in another copper-gold project, and it has also upped its stake in a silver property
Pressure on the leisure group to break-up the business is growing as Elliott Advisors became the latest US hedge fund to declare a stake in the FTSE 100 company