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 [...]
Regional boom for Premier Inn helps Whitbread sleep easier June 17, 2014 PREMIER Inn owner Whitbread yesterday said rising demand outside London helped drive an 8.8 per cent rise in revenue per available room at the brand. The company, which also owns Costa Coffee, reported a 9.9 per cent rise in the figure for the regions, compared to a slower 3.3 per cent increase in London. Premier [...]
Costa coffee lifts Whitbread sales June 17, 2014 The UK's largest hotel and restaurant group Whitbread has reported rise in total like-for-like sales of seven per cent for the 13 weeks to 29 May. Premier Inn led the way by growing market share and increasing like-for-like sales 9.5 per cent. A strong London market was a major contributor to rising sales. The company [...]
Whitbread plots growth of Costa shops in France April 29, 2014 AFTER winning over coffee addicts in the UK, Whitbread said yesterday it plans to take its Costa Coffee chain to France as it posted a jump in profits and rewarded shareholders with a 20 per cent rise in its dividend. The FTSE 100 company, which also owns the Premier Inn hotel chain, said underlying operating [...]
Jump in Costa sales drives profit growth for Whitbread April 29, 2014 Leisure giant Whitbread has announced a boom in underlying profits before tax of 16.5 per cent to £412m for the financial year ending 26 February. Total revenue rose by a hefty 13 per cent to £2.2bn, with like-for-like sales rising by 4.2 per cent. Strong sales at both Premier Inn and Costa were significant drivers [...]
Whitbread chairman Anthony Habgood to step down this year January 22, 2014 ANTHONY Habgood is to step down as chairman of Whitbread after eight years overseeing the Costa coffee owner’s rapid expansion. The FTSE 100 leisure group, which also owns Premier Inn and restaurants including Table Table, said yesterday that Habgood intends to leave later this year. Whitbread independent director Sir Ian Cheshire, who is also the [...]