Broker snap: Whitbread's results show resilience, says Evolution
7th Sep 2011 12:29
Evolution Securities has confirmed its buy rating on coffee shop, restaurant and hotel owner Whitbread, saying that while the UK consumer outlook may be uncertain, "there is no evidence of the malaise affecting Whitbread". The firm was able to accelerate revenue growth during the first half, postin
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
Read moreFTSE 100 Movers: Whitbread pulls the index north
6th Sep 2011 14:09
Coffee shop, restaurant and hotel owner Whitbread boosted its share price after accelerating revenue growth during the first half, posting a 12.9% improvement in sales in the second quarter, up from a 9.2% increase in the first three months of the year. On a like-for-like basis, sales rose 4.8% in
Read moreLondon open: Whitbread leads the rise
6th Sep 2011 08:29
The Footsie opened moderately higher in early trading, helped by strong gains by coffee shop, restaurant and hotel owner Whitbread. Whitbread was the high riser on the blue chip index, gaining over 5%, after it was able to accelerate revenue growth during the first half, posting a 12.9% improvement
Read moreLondon pre-open: Stuck in reverse gear
6th Sep 2011 07:16
London has just one gear at the moment, and that is reverse. The Footsie is set to open lower again, but at least it looks as if it will keep its head above 5,000 at the outset. City sources predict the FTSE 100 will open down 33 points from yesterday's close of 5,103. Coffee shop, hotels and r
Read moreWhitbread accelerates growth in second quarter
6th Sep 2011 07:05
Coffee shop, restaurant and hotel owner Whitbread was able to accelerate revenue growth during the first half, posting a 12.9% improvement in sales in the second quarter, up from a 9.2% increase in the first three months of the year. On a like-for-like (LFL) basis, sales rose 4.8% in the 11 weeks t
Read moreLondon close: Stocks rally after strong start in US
11th Aug 2011 16:30
The volatile trading continued on Thursday as losses were turned into gains in London on the back of a rally on Wall Street. A steep rise was seen after midday erased earlier losses and helped the Footsie to finish near its highs for the day. Equities were on the rise in morning trade in New York a
Read moreWhitbread director doubles stake
25th Jul 2011 15:05
Stephen Williams, a director at the Costa Coffee and Premier Inns owner Whitbread, has more than doubled his stake in the company with a £79,000 purchase. He took 5,000 shares at 1,580p a pop and now has 9,344. Williams was chief legal officer at the household goods giant Unilever from 1993 to 201
Read moreWhitbread's Harrison takes a top-up
18th Jul 2011 15:37
Whitbread's chief executive Andy Harrison has taken a top-up in the Costa Coffee and Premier Inn owner's shares, spending nearly £250,000. He took 16,095 shares at 1,543.6p a time and now has 177,768. Harrison's purchase comes the week after Whitbread reported a 9% rise in sales for the first quar
Read moreWhitbread's Richard Baker tops up
22nd Jun 2011 16:48
Non-executive director Richard Baker has added to his holding in the Costa Coffee and Premier Inn hotels group Whitbread, splashing out more than £50,000 despite a mixed trading update from the company. He paid 1,573p a time for 3,186 shares and now has 8,152. It is his first purchase of shares sin
Read moreWednesday tips round-up: Whitbread, Capital Pub, Chemring
22nd Jun 2011 06:33
Costa Coffee and Premier Inn owner Whitbread had indicated at the time of its preliminaries in April that the pace of growth was slowing. Some brokers hope for a bid from private equity, but others worry about further weakness in the regional hotel trade. On almost 13 times' this year's earnings, fu
Read moreFTSE 100 movers: Whitbread, miners firmly higher
21st Jun 2011 13:50
Whitbread and the miners are lifting the blue chip index higher on Tuesday afternoon, with the FTSE 100 up 51 points at 5,744 as of 13:55. Strong sales growth at Costa coffee shops helped hotel and restaurant group Whitbread to offset subdued activity in its restaurant division to grow total sales
Read moreLondon midday: Company updates boost FTSE 100
21st Jun 2011 12:04
The top share index is buoyant amid hopes the Greek debt crisis may be nearing a resolution, while some well-received company statements are underpinning the gains. Strong sales growth at Costa coffee shops helped hotel and restaurant group Whitbread to offset subdued activity in its restaurant div
Read moreLondon open: Whitbread pulls Footsie above 5,700
21st Jun 2011 08:31
The Footsie opened moderately higher, recovering after yesterday's losses. The FTSE 100 is 31 points up at 5,724 in early trading, being helped by strong gains from Whitbread and the mining sector. Strong sales growth at Costa coffee shops helped hotel and restaurant group Whitbread to offset subdu
Read moreLondon pre-open: Foster's couldn't give a XXXX for bid
21st Jun 2011 07:38
Blue-chip shares are set to open on a firm note, with the Footsie tipped to move back above the 5700 level, advancing around 30 points from last night's close of 5,693. At the risk of mixing up the advertising slogans of Australian lagers, Aussie brewer Foster's has indicated it could not give a XX
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