Coming off caffeine: Premier Inn opens more rooms as owner Whitbread looks to life after Costa October 23, 2018 Costa owner Whitbread grew revenues 2.6 per cent in the first half, as it looks to move away from the coffee business it sold to Coca-Cola. The results Revenue increased to £1.08bn, largely driven by tourism and growing capacity as it continues to expand its Premier Inn chain of hotels. Read more: Whitbread shareholders vote [...]
Whitbread shareholders vote Coca-Cola’s £4bn Costa merger through October 11, 2018 Whitbread shareholders have agreed to the sale of Costa to Coca-Cola for a whopping £4bn, with the company’s share price inching higher following the announcement. At a crunch meeting yesterday, investors voted almost unanimously in favour of the deal that will see Britain’s largest coffee chain change hands. Read more: Costa sold to Coca-Cola: Here's [...]
Costa Coffee and Premier Inn parent Whitbread plans to raise prices to mitigate “substantial” National Living Wage costs September 8, 2015 Picked up a coffee on your way into work this morning? You might find it starts costing a little bit more in future. Costa Coffee and Premier Inn parent group Whitbread has warned that it will be forced to introduce "some selective price increases" across the business as part of measures to tackle rising [...]
Whitbread chief Andy Harrison to leave earlier than planned as Alison Brittain prepares for top job June 16, 2015 Whitbread said yesterday that its new chief executive Alison Brittain would replace Andy Harrison two months earlier than planned as the company posted a 4.3 per cent rise in first quarter underlying sales. Harrison, who has helped Whitbread’s stock market value soar from £2.5bn to almost £10bn during his five years in the top job, [...]
Number of women FTSE 100 chief execs rises to six as Whitbread appoints Alison Brittain as chief executive May 22, 2015 Whitbread has appointed Alison Brittain as its new chief executive, taking the total number of women chiefs on the FTSE 100 to six. The owner of Premier Inn hotels and Costa Coffee has picked the Lloyds Banking Group director to replace Andy Harrison who will retire on 16th February. Chairman Richard Baker described Brittain as [...]
Whitbread chief executive Andy Harrison announces retirement plans as company profits soar April 28, 2015 The figures Whitbread chief executive Andy Harrison has announced his intention to retire from the role at the end of the next financial year, after the company reported a rise in sales, earnings and profit for the year ended 26 February 2015. Harrison, who previously occupied the same role at easyJet and RAC, said "it is [...]
Whitbread share price rises after investors told to expect top end results February 25, 2015 The figures Shares in Whitbread opened 2.35 per cent up after the hospitality giant told investors to expect full-year results to come in towards the top end of current expectations, as sales at its cheap hotels and Costa Coffee chain continued to rise. Overall the group achieved a rise in like-for-like sales of 5.8 per [...]
Former Whitbread boss Parker takes the chair at Park Resorts November 5, 2014 PARK RESORTS yesterday appointed current Mothercare chairman Alan Parker to take up the same role at the holiday home business. Parker, who was also formerly the chief executive of Whitbread and also holds the chair at Darty, will take over from Resorts founder David Vaughan, who is retiring due to ill health. “I look forward [...]
Whitbread share price rises as Costa Coffee injects caffeine into sales September 9, 2014 Shares in leisure giant Whitbread opened 1.6 per cent higher, after it posted a trading statement showing Costa Coffee delivered like-for-like sales of 5.8 per cent in the 24 weeks to 14 August, helping to make up for more sluggish growth of 3.1 per cent in its restaurants. Costa enjoyed growth in worldwide sales of [...]
Ex-Boots boss Richard Baker to take up chair at Whitbread July 16, 2014 Costa Coffee and Premier Inn owner Whitbread has appointed one of its non-executive directors, the former Boots chief executive Richard Baker, to take over as chairman. Baker, who has sat on the board since 2009, will replace Whitbread’s longserving chairman Anthony Habgood in September. Habgood announced in January that he would be retiring after nine [...]