Whitbread sees good tourist demand as hotels and restaurants reopen
Whitbread operated 39 hotels for essential workers during the lockdown period
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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FTSE 100 closes over 2% higher as Wall Street surges
Britain's index of leading shares closed over 128 points higher, or 2.09%, at 6,285 on Monday
Whitbread, Intercontinental Hotels higher on July reopening date
Boris Johnson revealed plans to reopen hotels and B&B alongside easier distancing rules
Whitbread sees 91% take-up for £1bn rights issue
Around £80mln of cash per month is flowing out of the business while its hotels and pubs are closed due to the coronavirus pandemic
Survive or thrive: Whitbread paints bullish picture for rights issue investors
What confounded analysts was that the Premier Inn owner was issuing so much money and at such a discount “from a position of relative strength”
Whitbread launches rights issue as cash burn expected to last until past September
The Premier Inn owner also published full-year results showing adjusted profit before tax down 8% on revenue up 1%
Whitbread shuts all Premier Inn hotels due to coronavirus lockdown
The FTSE 100 group also said it had decided not to declare a dividend for the past year
Whitbread strengthens hand in Germany with 19 hotel purchase
The German hotel market is 30% larger than the UK, highly fragmented and seeing a structural shift from independent hotels to branded hotels
Analysts book into Premier Inn owner Whitbread as it "turns the corner"
Analysts at HSBC and Barclays said the China coronavirus outbreak was a potential threat, but felt risks were in most cases “baked into share prices” already
Whitbread story could be “very different” next year, analysts say
Analysts see a market ripe for expansion in Germany, which is just what Whitbread is planning
Whitbread's underlying revenue dips as provinces stay weak
In the 13 weeks to 28 November, total sales grew 1%, with a 1.3% UK LFL dip offset by 0.3% growth across all properties in UK and Ireland
Whitbread upgraded to ‘hold’ by Deutsche Bank in European hotels sector review
The Premier Inn owner was upgraded from ‘sell’ alongside a target price increase to 4,550p from 3,650p
Whitbread wins as Barclays expects Tories to deliver “orderly Brexit”
The bank’s economists now expect an orderly Brexit, leading to a rebound in business investment of around 3.8% next year
Peel Hunt starts coverage of Premier Inn owner Whitbread with ‘buy’
The broker forecasts 69% earnings per share growth over the next four years, driven by 23% capacity growth to 101,000 rooms from the current 77,000
Whitbread slides into red as Premier Inn feels UK hotel squeeze
Premier Inn revenue per available room declined 5% in the half and adjusted profit before tax fell 5.6% to £251mln
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FTSE 100 index closes higher ahead of next parliamentary Brexit vote
As per usual, a soft pound gave a fillip to blue-chips
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Can Whitbread's Premier Inn resist sector squeeze?
Others reporting on Tuesday include Anglo American, Bunzl, Gear4Music, Reckitt Benckiser, St James's Place and Travis Perkins
Whitbread shares offer 'attractive risk/reward' says UBS
Analysts believe Whitbread has an opportunity to create “material value” in Germany, a country with similar or possibly even better characteristics as the UK
Premier Inn owner Whitbread completes £2.5bn Costa handout as shorts circle
Whitbread bosses had always promised to return a huge chunk of money to investors following the £3.9bn disposal of Costa Coffee to Coca-Cola back in January
Activist investor Elliott discloses stake in Premier Inn owner Whitbread
It is understood Elliott wants Whitbread to sell 10% to 15% of its hotel portfolio