Hilton launches budget hotel brand
25th Jan 2016 16:04
(ShareCast News) - After hotels giant Hilton launched a new brand aimed at budget travellers, shares in UK hotel companies were sent lower on Monday on fears of increased competition. Hotel said its new Tru brand will "fill a massive void" in the hotel market, arguing that the offering of rival budg
Read moreCredit Suisse adds Travis Perkins, Whitbread, Imperial Tobacco and Halma to top picks
21st Jan 2016 16:25
(ShareCast News) - Analysts at Credit Suisse reshuffled their deck of top outperformers and underperformers on Thursday. In its report, the broker summarised analysts' most and least favoured stocks in each sector, which were usually limited to 20% of each one's coverage universe. The Swiss broker
Read moreBroker tips: Bellway, Whitbread, Berenberg
14th Dec 2015 11:55
(ShareCast News) - Goldman Sachs has removed Whitbread from its Pan-Europe Buy List, downgrading it from 'buy' to 'neutral' on the back of its third quarter results. The investment bank said on Monday that UK revenue per available room (RevPAR) growth for the FTSE 100 company, which owns hotel brand
Read moreWhitbread removed from Goldman Sachs' Pan-Europe Buy List
14th Dec 2015 10:36
(ShareCast News) - Goldman Sachs has removed Whitbread from its Pan-Europe Buy List, downgrading it from 'buy' to 'neutral' on the back of its third quarter results. The investment bank said on Monday that UK revenue per available room (RevPAR) growth for the FTSE 100 company, which owns hotel brand
Read moreThursday broker round-up
10th Dec 2015 15:52
(ShareCast News) - Anglo American: Nomura slashes target from 780p to 370p but reiterates reduce. Royal Mail: Morgan Stanley stays at buy with 420p target price. Enquest: Canaccord Genuity lowers target from 30p to 25p but keeps at hold. Entertainment One: JP Morgan reiterates overweigh and nudges
Read moreEquity investors going into 2016 with very little faith, says Barclays
10th Dec 2015 11:52
(ShareCast News) - European investors are going into next year with very little faith in the future, Barclays said in strategy note. The bank expects earnings per share growth of 12% in Continental Europe and 8% in the UK. Barclays said that while European equities feel like a consensus 'long', ove
Read moreLondon midday: Equities slide as BoE keeps interest rates unchanged
10th Dec 2015 11:09
(ShareCast News) - UK equities declined as the Bank of England voted 8-1 to keep interest rates unchanged. The BoE left interest rates at 0.5% and the asset purchase programme at £375bn, as expected by analysts, amid a slowdown in emerging economies, low inflation and a strong pound. The minutes of
Read morePremier Inn drives strong third quarter growth for Whitbread
10th Dec 2015 07:45
(ShareCast News) - Whitbread's third quarter has seen a 10.4% increase in sales, driven by strong growth in Premier Inn. The FTSE 100 company, which owns the hotel brand as well as Costa and a handful of restaurant brands, posted an interim management statement for the 13 weeks to 26 November. Prem
Read moreWhitbread launches Costa Fresco food outlet in London
7th Dec 2015 12:22
(ShareCast News) - Costa Coffee, the coffee shop chain owned by Whitbread, opened its first food-led outlet under the 'Costa Fresco' brand on Monday. In an effort to extend sales in the lunchtime market, Fresco in Tottenham Court Road will sell porridge, pastries, salads, quiches and cakes in an att
Read moreBroker tips: Inmarsat, Cobham, Whitbread
4th Dec 2015 15:55
(ShareCast News) - Inmarsat shares dipped on Friday after Citigroup downgraded the stock to 'neutral' from 'buy' but retained its £11.50 target price. It said the company has performed strongly, outperforming the telecoms sector by 19% over the last six months and 37% over the last 12 months. "We s
Read moreFTSE 100 movers: Whitbread downgrade sends market in the red
4th Dec 2015 14:31
(ShareCast News) - The London markets continued to slide on the back of yesterday's ECB announcement as well as news from OPEC and the US jobs report. The market was down 33.84 points (0.54%) to 6,241.16 by mid-afternoon Friday. Premier Inn and Costa Coffee owner Whitbread was one of the bigger fal
Read moreWhitbread slumps on Barclays downgrade
4th Dec 2015 08:57
(ShareCast News) - Premier Inn and Costa Coffee owner Whitbread was under pressure after Barclays downgraded the stock to 'equalweight' from 'overweight' and cut the price target to 5,200p from 5,800p. The bank pointed to slower UK revenue per available room (RevPAR) growth, deteriorating leading in
Read moreWhitbread rallies as Credit Suisse hails growth and lifts price target
3rd Dec 2015 10:19
(ShareCast News) - Costa Coffee and Premier Inn owner Whitbread was the standout gainer on the FTSE 100 as Credit Suisse added the stock to its 'Global and Europe Focus Lists', lifting the price target to 5,800p from 5,500p. "Being 'outperform' rated on Whitbread for the last three years, we have fr
Read moreBroker tips: Jimmy Choo, Whitbread, Experian
11th Nov 2015 16:40
(ShareCast News) - Liberum downgraded Jimmy Choo to 'hold' from 'buy' and slashed the price target to 160p from 210p. "We believe Choo faces increased competition in shoes as other luxury goods companies chase growth," the broker said. It said the speed of the luxury slowdown is notable and yet to
Read moreJefferies downgrades Whitbread as it highlights growth of room-sharing economy
11th Nov 2015 12:02
(ShareCast News) - Jefferies downgraded Whitbread to 'underperform' from 'hold' and cut the price target to 4,100p from 4,300p. "We argue the rapid growth of the room-sharing economy will negatively affect Whitbread because of its focus on the expansion of Premier Inn in greater London, which we thi
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