The attraction of Whitbread is that not only has it proven to be a defensive investment during hard times but that it should be equally rewarding in a recovery. We don’t perceive the change in chief executive to weaken the story in any way.
SIMON FRENCH | PANMURE
Premier Inns continues to benefit from a combination of a recovering market, dynamic pricing, Premier Offers and the Business Account Card.Whilst we expect recent price increases at Costa Coffee combined with the launch of TV
advertising to continue to drive mid-single digit like-for-like sales growth.
RICHARD HUNTER | HARGREAVES LANSDOWN
Both the business model and the share price performance continue to be recession proof. The company itself stresses the importance of its value offerings in what could turn out to be a cash constrained environment. Growth at both the Premier Inn and Costa Coffee businesses remains extremely strong.