Spending on eating out remains resilient as inflation crunch looms
16th Feb 2017 10:33
(ShareCast News) - In the normally quiet month for the pubs and restaurant sector, sales data for January was positive overall and showed casual dining chains enjoying a continued recovery. Industry like-for-like sales grew 1.9% in January 2017 compared to 2016, according to the Coffer Peach Busi
Read moreWednesday broker round-up
8th Feb 2017 11:50
(ShareCast News) - RBS: Deutsche Bank upgrades to hold with a target price of 220p. DCC: JP Morgan reiterates overweight, 8160p target. Rolls Royce: JP Morgan reiterates neutral with a 740p target. Ascential: Deutsche Bank stays at buy with a 300p target. Aberdeen Asset Management: RBC upgrades t
Read moreDirector dealings: Atkins takes advantage of Whitbread dip to dip in
1st Feb 2017 15:53
(ShareCast News) - Whitbread director David Atkins shelled out £56,000 to buy shares in the Costa Coffee and Premier Inn owner after its trading update last week put a dent in its recent momentum. Property expert Atkins, the Hammerson chief executive who was brought in to Whitbread in October to add
Read moreTuesday broker round-up
31st Jan 2017 08:55
(ShareCast News) - Whitbread: HSBC reiterates Buy with a target price of 4800p Ashmore Group: Goldman Sachs reiterates Buy with a target price of 370p. Vodafone: JPMorgan reiterates Overweight with a target price of 193p. Ferrexpo: JPMorgan upgrades to Overweight with a target price of 205p. Virg
Read moreWhitbread growth rolls on as Costa offsets Premier Inn revpar slump
26th Jan 2017 07:04
(ShareCast News) - Whitbread, the owner of Costa coffee and Premier Inn, reported third quarter revenue rose and that it will meet full year expectations, as it remains on track with its growth plans. In the quarter ended 1 December 2016, sales increased 8.6% and rose 1.7% on a like for like basis,
Read moreTuesday broker round-up
24th Jan 2017 16:16
(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46
Read moreSunday share tips: Whitbread, Severfield, ConvaTec
22nd Jan 2017 13:24
(ShareCast News) - Buy shares in Whitbread, suggests the Sunday Times' Inside the City column on the back of the potential tourism boost from the weak pound and a cost cutting drive. Data in recent months has confirmed that hotels in London, where the FTSE 100 group has dozens of its Premier Inns, h
Read moreWhitbread's shares bolstered by Barclays upgrade
20th Jan 2017 10:47
(ShareCast News) - Whitbread's shares were given a boost on Friday after Barclays lifted its rating on the stock to 'equal weight' from 'underweight' and raised the target price to 4,150p from 3,340p. Barclays said it expects the owner of Costa coffee shops and Premier Inn hotels to report a "good"
Read moreFriday broker round-up
20th Jan 2017 09:51
(ShareCast News) - Whitbread: Barclays upgrades to Equal Weight with target price of 4150p. Inmarsat: Deutsche Bank reiterates Buy with a target price of 1020p. Halfords Group: HSBC reiterates Buy with a target price of 415p. Pets at Home: HSBC downgrades to Hold with a target price of 230p. Nati
Read moreRestaurants and pubs enjoy strong festive trading, Coffer Peach finds
19th Jan 2017 06:45
(ShareCast News) - UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement. Data on the largest managed pub and restaurant groups over the six weeks to January 8 found a collect
Read moreWhitbread sells and leases two London Premier Inn sites
12th Jan 2017 15:45
(ShareCast News) - Costa Coffee and Premier Inn owner Whitbread has sold two sites in London hotels, which were then leased backed, in order to reinvest the funds in opportunities for growth. The FTSE 100 company sold its 339 room hub by Premier Inn hotel in Tothill Street, Westminster due to open i
Read moreThursday broker round-up
12th Jan 2017 13:49
(ShareCast News) - Hays: Deutsche Bank upgrades to Hold with a target price of 160p. Pagegroup: Jefferies reiterates Hold with a target price of 395p. Taylor Wimpey: Deutsche Bank reiterates Buy with a target price of 244p. Sainsbury: HSBC maintains Reduce with a target price of 205p. Tullow Oil:
Read moreWhitbread boosted by Credit Suisse upgrade
10th Jan 2017 08:43
(ShareCast News) - Whitbread got a boost on Tuesday as Credit Suisse upgraded the stock to 'outperform' from 'neutral' and lifted the price target to 4,550p from 4,030p as it took a look at European hotels. The bank said it sees a return to positive hotel trading momentum and that the company's £150
Read moreWhitbread targets £150m of savings to counter rising costs
29th Nov 2016 12:27
(ShareCast News) - Whitbread has set out a target to make £150m of cost savings over the next five years in order to counter headwinds such as the National Living Wage, business rates and currency inflation. Profits margin guidance remained unchanged as new chief executive Alison Brittain is plannin
Read moreSir Stelios' easyCoffee to undercut Caffe Nero, Costa and Starbucks
21st Nov 2016 14:10
(ShareCast News) - EasyJet founder Sir Stelios Haji-Ioannou has launched a new venture, easyCoffee, that will add further discount competition to the coffee shops current dominating the UK high street such as Starbucks and Costa Coffee. The entrepreneur has launched the three franchises, and accordi
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