Coca-Cola abandons Costa Coffee sale plans as Asda owner bids low Business US beverage giant Coca-Cola has reportedly scrapped plans to sell the world’s second-largest coffee chain after offers from private equity firms came in below expectations. The company brought talks with remaining bidders for Costa Coffee to a halt in December, ending an auction process which had lasted several months, according to the Financial Times. Sources [...]
Whitbread offloads £89m worth of Premier Inns to Londonmetric Business Hospitality giant Whitbread has offloaded a number of its Premier Inn hotels to property group Londonmetric for £89m as it looks to boost profits. The group sold nine South Eastern hotels to the group, ranging from Southampton Airport to Warwick, as part of its plan to reuse £250m-£300m of property proceeds for growth opportunities, including [...]
Premier Inn owner warns of ‘mounting pressure’ of tax rises before Budget hospitality Whitbred, the owner of Premier Inn, has warned that tax rises are becoming more likely and could pose a serious risk to the UK’s hospitality industry. Chancellor Rachel Reeves faces a £40bn gap in the nation’s finances, which is ever-more likely to be filled by a tax-raising Autumn Budget. The target of those tax rises [...]
Premier Inn investors eye Oasis boost in earnings report October 11, 2025 Investors in Premier Inn’s owner will be hoping the UK’s largest hotel chain has been given a summer boost on the back of rising hotel prices and fans flocking to UK concerts. Whitbread, which also owns the Beefeater and Brewers Fayre chains, will publish its half-year financial results on Thursday. A group of analysts for [...]
Premier Inn owner Whitbread sees UK sales falter amid shake-up of pub business June 19, 2025 Hospitality giant Whitbread has reported a downturn in UK sales amid a “challenging market backdrop” and a restructure of its pub and restaurant business. The Premier Inn-owner told markets this morning that overall sales in the UK fell five per cent in the first quarter of the financial year, driven by a 16 per cent [...]
Robot hoovers on the menu as Premier Inn owner counts cost of Budget January 16, 2025 Whitbread, the hospitality chain which owns Premier Inn, could see UK costs increase by more than £100m following the Autumn Budget. In a statement on the London Stock Exchange, the firm warned of gross UK cost inflation of between five and six per cent on a £1.7bn cost base, when factoring in the impact of [...]
Premier Inn owner Whitbread raises dividend despite slower growth October 16, 2024 Premier Inn and Beefeater owner Whitbread has raised its interim dividend and announced a share buyback despite flat revenue. The hotel and restaurant chain told markets this morning that revenue was unchanged year on year in the six months ended 29 August at £1.57bn. It has raised its interim dividend seven per cent to 36.4p [...]
Premier Inn owner Whitbread hails improved Germany sales as London bookings falter June 18, 2024 Premier Inn and Beefeater owner Whitbread saw sales at its German hotels improve slightly, partially offsetting its stagnant occupancy rates in the UK.
Premier Inn owner Whitbread to cut 1,500 jobs amid shake-up of restaurant business April 30, 2024 Hospitality giant Whitbread has reported record revenue but said some jobs at its F&B arm will be impacted as it looks to exit a number of locations.
Travelodge owner looks to buy £40m of landlord hotels amid sale speculation April 28, 2024 The owners of Travelodge are reportedly mulling buying £40m of hotels from their landlords, fuelling speculation the business could be sold.