FTSE 100 closes below 7,200 as pound firms and crude weakens
The FTSE 100 closed below the 7,200 level as sterling continues to strengthen against the dollar
Company
Whitbread PLC
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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Investments and investor services
FTSE 100 closes in red as traders still jittery about macro issues
The pound is up 0.36% against the Euro at the time of writing, while it is up 0.07% against the US dollar
Whitbread buys 19 hotels in Germany as it continues global expansion of Premier Inn
The acquisition is an important step in accelerating Whitbread's international strategy and in replicating Premier Inn's UK success in a key strategic market, the company said
Investments and investor services
Rio Tinto and Glencore rise on Chinese stats
A look at some of the top risers and fallers in London today.
Whitbread sales slow on Costa decline but break-up speculation lifts shares
Whibread said it expects the challenging UK high street environment to continue in the year ahead
Investments and investor services
FTSE 100 extends losing streak to four days; ABF top loser
The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
Archive
Royal Mail’s Christmas performance under the microscope on Thursday
As well as Royal Mail, updates are expected from Costa Coffee owner Whitbread and Associated British Foods - the parent company of Primark
Former ITV boss Adam Crozier to replace Whitbread chairman Richard Baker
The former chief executive of ITV and Royal Mail, Adam Crozier, will take over as chairman
Investments and investor services
FTSE 100 feeds off Wall Street rally to close near 7,700
If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
Barclays Capital asks: What if Whitbread decides to sell Costa Coffee and its real estate?
The broker’s analysts said they estimate that under such a scenario Whitbread’s ‘sum of the parts’ value could be 4,700p in its upside case, and 5,700p in a blue sky scenario
Investments and investor services
FTSE 100 closes in red as market awaits US jobs report
UK stocks could do with a catalyst and tomorrow's US jobs numbers might provide it
Marston's shrugs off Brexit hurdles but Greene King and Mitchells & Butlers struggle
Brexit has hit the pub industry as a weaker pound pushes up input costs and higher inflation puts a squeeze on consumers
Marston’s is the toast of the town as full-year revenues smash through £1bn mark
On top of the strong full-year numbers, the pub operator and brewery said it expects more growth in 2018 despite political and economic concerns
Banks higher ahead of next week’s stress tests results on FCA Libor support news
A look at some of the biggest risers and fallers today in London
Morgan Stanley turns cautious on Whitbread, downgrades rating after results
The US bank cut its stance on the FTSE 100-listed firm to ‘equal-weight’ from ‘overweight’ and reduced its target price for the stock to 4,500p from 4,700p
Investments and investor services
FTSE 100 closes over 1% lower as sterling spikes
The UK blue chip index closed down 1.05% to 7,447 as the pound strengthened after better-than-forecast UK GDP
Strong coffee needed by investors in Whitbread as shares tumble amid worries over costs and slowing UK sales at Costa Coffee
Nicholas Hyett, equity analyst at Hargreaves Lansdown commented: “Unfortunately rapidly increasing revenues isn’t enough to guarantee CEO Alison Brittain a good night’s sleep, since the group is also having to cope with a whole raft of cost
Whitbread shares fall as higher costs weigh and like-for-like sales growth slows at Costa
Whitbread said it expects to meet estimates for the full year despite economic uncertainty surrounding the implications of Brexit
FTSE 100 closes near flat as traders look for direction; Dow Jones surges
The UK blue chip index closed its account on Tuesday up 2.09 at 7,526.
Archive
Strong coffee needed to fuel Whitbread's first half performance after Costa's first quarter dip
Day ahead includes first half results from leisure giant Whitbread PLC, and third quarter updates from miner Anglo American PLC and wealth manager St James' Place Capital PLC