MARKET TALK: Whitbread Posts Very Strong 1Q - Credit Suisse
22nd Jun 2010 07:57
0657 GMT [Dow Jones] Whitbread's (WTB.LN) first-quarter performance is strong, says Credit Suisse. Premier Inn's sales growth of 10.5% beats expectations of a 7% rise, CS says. "Greater visibility on margins will likely only come at the 1H stage but we expect consensus numbers to increase today," CS
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 07:57
0648 GMT [Dow Jones] Whitbread's (WTB.LN) interim management statement is very strong with group like-for-like sales up 7.6% in the 13 weeks to June 3, says an analyst. The statement is 'exceptional' and risks lie to the upside. The analyst says management is going to remain vigilant on cost contro
Read moreMARKET TALK: Whitbread Statement 'Exceptional' - Analyst
22nd Jun 2010 07:48
0648 GMT [Dow Jones] Whitbread's (WTB.LN) interim management statement is very strong with group like-for-like sales up 7.6% in the 13 weeks to June 3, says an analyst. The statement is 'exceptional' and risks lie to the upside. The analyst says management is going to remain vigilant on cost contro
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 07:48
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0648 GMT [Dow Jones] Whitbread's (WTB.LN) interim management statement is very strong with group like-for-like sales up 7.6%
Read moreWhitbread In Strong Start To Year, Sees No Consumer Recovery
22nd Jun 2010 07:17
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Hotel and restaurant chain Whitbread PLC (WTB.LN) reported a strong start to the year Tuesday and said it is strongly placed for a U.K. recovery, though it doesn't expect the consumer climate to get any easier this year. The o
Read morePremier Inn and Costa froth up Whitbread profit
22nd Jun 2010 07:17
Hotel and coffee shop chain Whitbread saw a 7.6% rise in like-for-like sales in the 13 weeks to 3 June as its low prices attracted customers during the uncertain economic conditions. Total sales were up 13.5% during the period. Premier Inn put in a strong performance with sales up 14.1% during th
Read moreTuesday preview: Budget, Carnival, Whitbread
21st Jun 2010 15:40
The main focus on Tuesday will be the first Budget from chancellor of the exchequer George Osborne in which he will have to perform the difficult balancing act of showing the UK means business about reducing its debt while not threatening the fragile economic recovery. In the election campaign the
Read moreINTERVIEW: Travelodge CEO Sees No Impact From Parent's Woes
17th Jun 2010 06:30
(This story was originally published Wednesday.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Budget hotel operator Travelodge remains committed to its rapid U.K. expansion rather than further ventures overseas, and will not be affected by the troubles faced by its owner
Read moreCORRECT: Travelodge CEO Sees No Impact From Parent's Woes
16th Jun 2010 16:13
("=INTERVIEW: Travelodge CEO Sees No Impact From Parent's Woes" at 1424 GMT misstated the size of Travelodge's pipeline in the 14th paragraph. The correct version follows.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Budget hotel operator Travelodge remains committed to
Read moreUPDATE: Travelodge Withdraws From UK Hotel Lobby Group
15th Jun 2010 15:00
(Adds further comment from the CEO and background) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. budget hotel company Travelodge Tuesday withdrew from industry lobby group The British Hospitality Association as the company's new chief executive seeks to distance the co
Read moreTravelodge Withdraws From UK Hotel Industry Lobby Group
15th Jun 2010 14:52
LONDON (Dow Jones)--U.K. budget hotel company Travelodge Tuesday withdrew from industry lobby group The British Hospitality Association as the company's new chief executive seeks to distance the company from the rest of the industry. "In preparation of his new role as chief executive, on July 1,
Read moreWhitbread Shareholders Told To Reject Pay Report
15th Jun 2010 13:20
LONDON (Dow Jones)--Whitbread PLC (WTB.LN) shareholders should vote against the company's executive pay scheme at the leisure firm's forthcoming annual general meeting, shareholder advisory group PIRC said Tuesday. PIRC said in a statement that it had a number of issues with the Premier Inn and
Read moreINTERVIEW: Whitbread's Costa Unit Enjoying Very Good 2010
14th Jun 2010 14:52
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Whitbread PLC's (WTB.LN) Costa Coffee chain has yet to see any impact from the U.K.'s consumer downturn, enjoying a very good 2010 so far, the division's managing director said Monday. But he warned that the U.K.'s recovery wo
Read moreCORRECT: 2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down
8th Jun 2010 18:00
("=2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down," at 1020 GMT, misstated Leahy's age in the third paragraph. The error also appeared in "=PROFILE: Incoming Tesco CEO Clarke Is Company Veteran" at 1521 GMT, "=UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down" at 0812 GMT and "=
Read more2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down
8th Jun 2010 11:20
(Adds analyst comment, detail.) By Simon Zekaria and Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the world's fourth-biggest retailer by sales, said Tuesday that Chief Executive Terry Leahy will retire in March next year, and Philip Clarke, who curren
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