RSS feedwhitbread
’Snap news
Breaking pre-market news on Tuesday,
- Whitbread warns of slowing sales growth at Premier Inn and Costa Coffee — statement.
- E.ON lowers upper end of profit guidance — statement.
- Desire Petroleum and Rockhopper Exploration discover oil in Falklands appraisal well — statement.
Snap news
Breaking pre-market news on Tuesday,
- Shares in banking acquisition vehicle NBNK suspended following recent press speculation — statement and report.
- Whitbread reports strong trading with Premier Inn sales up 7.1 per cent in last 11 weeks — statement.
Snap news
Breaking pre-market news on Tuesday,
- British Airways agrees deal with pension trustees – statement.
- Whitbread Q1 comparable sales rise 7.6 per cent – statement.
- Corporate: Mitchells &
Snap news
Breaking pre-market news on Monday:
- AIG rejects new offer from Prudential – statement.
- BP will install ‘enhanced’ LMRG cap on Deepwater spill in four days’ time – statement and statement.
- Whitbread denies plans to raise funds via equity issue – statement.
Snap news
Breaking pre-market news on Thursday,
Petrofac announces demerger of its North Sea oil assets – statement.
- VT Group drops bid for Mouchel – statement.
- Delta recommends 185p a share cash offer from Valmont Industries – statement.
Snap news
Breaking pre-market news on Tuesday,
- Deutsche Bank says needs moderate capital market refinancing in 2010, overall loan loss provisions expected to decline in 2010 – Reuters
- “We have heard nothing that surprises us”:
Boardoom execution at Reed
Forget the recent reshuffle at Barclays, this is a proper executive-level knifing.
After just 8 months in the job, Ian Smith, chief executive of Reed Elsevier — which publishes the New Scientist and The Lancet — quit on Wednesday morning.
FTSE reshuffle time …
… is almost upon us – well it is three weeks away – and here are the current runners and riders.
Based on recent prices, just one company, Whitbread, would have exited the FTSE 100, replaced by Wolseley,
Mr T turns to Whitbread
What is Robert Tchenguiz up to? One minute everyone is muttering about his solvency and he’s been kicked out of the Sunday Times’ Guess Rich List. The next he turns up on the register of Whitbread (through contracts for difference) with a stake of 3 per cent – encouraging everyone to believe there is somehow a break-up bid in the offering.
DIC, Whitbread talk on Travelodge
Whitbread is in preliminary discussions to merge its Premier Inn chain with Travelodge, Dubai International Capital’s rival budget hotels operator. DIC would take a stake in Whitbread as part of the deal if a mooted cash-and-shares acquisition of Travelodge is completed.
Bond problem holds Whitbread back
Whitbread, the leisure group behind Premier Inn and Costa Coffee, admitted it was no closer to launching the £600m bond issue that it shelved in August due to volatility in the credit markets. Yet Wednesday’s Daily Telegraph reports that the group has unveiled bullish expansion plans.
Whitbread puts bond issue on hold
Whitbread, the UK group behind Premier Inn and Costa Coffee, became the latest victim of debt market upheavalas as it delayed plans to issue about £600m worth of bonds secured on its hotel and restaurant assets for at least six weeks.
Lombard: Predators, pressure and the waning ‘private equity put’
Amid much discussion of the “Greenspan put” and the risk of moral hazard if central banks intervene to rescue markets, Lombard columnist Andrew Hill typically finds a less obvious angle to a well-publicised issue,
Chance to buy Whitbread ‘on the cheap’ gone
Alan Parker clearly wants to get his bid defence in early. Private equity has missed the bus on Whitbread after failing to snap up the UK-listed hospitality company “on the cheap” in the last few years,
Blackstone’s Hilton deal boosts leisure shares
Leisure and hospitality companies enjoyed strong share price rises on Wednesday on the back of Blackstone’s $26bn deal to buy Hilton Hotels group, as analysts talked up prospects of more mega-deals in the sector.
Whitbread sells David Lloyd fitness chain
Whitbread confirmed at the weekend it will sell David Lloyd Leisure, the UK’s fourth-biggest fitness chain, to private property group London & Regional for £925m so it can focus on “ambitious growth plans”
Whitbread increases returns to shareholders
Whitbread is adding £400m of debt to its balance sheet, which it will use to return money to shareholders, reduce pension deficits and make acquisitions. The hotel and leisure group announced the decision following a review of its capital structure and a revaluation of its property portfolio,
Whitbread confirms possible sale of David Lloyd
Whitbread confirmed on Monday it was considering the sale of David Lloyd Leisure, its fitness club business, which analysts estimated could be worth £1bn. Whitbread, which was the subject of bid speculation last week,
Rothschild working on Whitbread break-up for Starwood Capital, says mergermarket
Starwood Capital and Blackstone are among those mulling a takeover and ultimate break up of leisure group Whitbread, according to a story posted on mergermarket’s daily section of FT.com. Starwood has asked investment bank Rothschild to work on the putative deal,
Bid rumours propel Whitbread
Whitbread, which owns the Premier Travel Inn budget hotels, closed at a record high yesterday amid mounting speculation that a private equity company might make a takeover offer worth as much as £4.5bn.
Whitbread spikes — Markets Live at 11am
If Whitbread has something to tell the market, now is the moment it should be opening up.
Shares in the leisure conglomerate jumped more than 10 per cent mid-morning on Tuesday in London as rumours of a private equity bid circulated.
Are the Reubens the mystery Whitbread buyers?
The mystery buyers who have snapped up an eight per cent stake in leisure group Whitbread are the Reuben brothers, according to the Financial Mail.
The arrival of such heavyweight investors on the share register comes as Whitbread considers the £550m purchase of Ireland’s Jury’s Inn hotel chain,