Whitbread buys out Costa Coffee joint venture partner in South China
Bought out Yueda's stake, it has. (The froth is strong in this one).
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
Mitchells & Butlers expected to show a slowdown in sales
Capita is among the blue-chip names on Thursday's agenda.
Wake up and smell the coffee: Citigroup chops rating for Whitbread to 'sell' from 'buy'
The US bank’s analysts said its Research Innovation Lab had “debunked the coffee growth myth” after assessing the performances of Costa, Caffe Nero, Starbucks and Greggs
Goldman Sachs gives Whitbread a lift, upgrading its rating to ‘neutral’ on valuation grounds
The US bank left its target price for the FTSE 100-listed stock unchanged at 3,900p, offering around 2% upside to the current share price of 3,858p, which was 1.7%, or 65p higher in morning trading
FTSE 100 closes up but misses record high
The FTSE 100 index closed 10.79 higher at 7,542. The session peak was 7,549, and the day’s low was 7,518
Costa Coffee, Starbucks and Caffe Nero play down s-storm after faeces found in iced drinks
Lab tests of iced drinks from three UK coffee chains discovered bacteria from faeces
Summer heatwave can't disguise chilly consumer climate, with Whitbread's Costa Coffee chain seeing growth slow
Neil Wilson, senior market analyst at ETX Capital said: “In a heatwave a hot coffee doesn’t quite hit the spot, so Costa-owner Whitbread will be hoping its Cold Brew and Frostino products will catch on"
Whitbread makes good start to the year, with strong sales at Premier Inn, although Costa Coffee, as expected, sees growth slow
In a trading update for the 13 weeks to June 1, the FTSE 100-listed firm reported total like-for-like sales growth of 2.9%, with Costa Coffee seeing a 1.1% rise
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Trading update from Coffee Costa and Premier Inn firm Whitbread could be a positive catalyst
Day ahead: Trading update from Whitbread; full-year results from Berkeley Group ...
Whitbread drops as Goldman Sachs downgrades on worries its hotels will lag
The US bank cut its stance on Whitbread to ‘sell’ from ‘neutral’ after reducing its target price for the stock to 3,900p from 4,000p
FTSE 100 retreats as US jobs growth surprises on the downside
Blue-chip stocks just about held on to some gains after the US jobs report came in weaker than expected
Mid-summer mergers: ITV in play after Crozier gets written out of the series
Adam Crozier is quitting while he is ahead, leaving ITV without a chief executive and possibly vulnerable to a bid
Is time for Whitbread to wake up and smell the coffee as strong growth begins to slow?
The FTSE 100-listed leisure giant has looked ahead of the curve over the past few years with its focus on coffee shops and budget hotels which have been growing well in austerity Britain
Whitbread posts solid growth in profits, revenue, but stays cautious on year ahead
For the 52 weeks to 2 March 2017, the FTSE 100-listed firm saw its underlying pre-tax profit increase by 6.2% to £565.2mln
FTSE 100 closes higher but Whitbread shares lose 7%
The FTSE 100 closed 10.96 up at 7,275 but Whitbread shares slumped
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Day ahead: Whitbread expected to see profits and revenues froth higher
Strong performances in its Costa Coffee and Premier Inn chains are expected to have helped to offset softer trading in Whitbread’s restaurant arm
Restaurants slow-down a choker for Whitbread
Sales at Costa Coffee perked up but growth was not on the menu in the restaurants
FTSE 100 shares end softer but smaller caps gain
FTSE 100 ended softer on Thursday following sharp falls by Sage Group and Unilever, while mid- and small-cap stocks gained
Investments and investor services
Sky, Unilever and Diageo all on the agenda for a busy Thursday
BT Group shocked investors earlier this week so many will be waiting on tenterhooks to hear whether TV and broadband bundling rival Sky is faring better.
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Small decline in 2016 revenue tipped for Unilever
Also reporting: Diageo, Daily Mail, Sky, Anglo American, Lonmin, St James's Place and Whitbread