Whitbread food sales slump after revealing exit from restaurant arm Hospitality Whitbread has seen food and drink sales slump after it revealed its divisive decision to sell its restaurants and pivot to a hotels-only business. The Premier Inn owner said food and drink sales fell by five per cent to £148m in the three months to the end of May, compared to a three per cent [...]
Whitbread: Activist investor pushes for sale of FTSE 100 Premier Inn owner Hospitality An activist investor with a major stake in Premier Inn’s owner Whitbread has called for the FTSE 100 firm to put itself up for sale, attacking its “chronic misallocation of capital”. Corvex Management, which owns 11.8m shares – around seven per cent – in Whitbread, has issued a scathing rejection of the firm’s latest cost-saving [...]
Whitbread to cut nearly 4,000 jobs in £2bn cost saving plan Hospitality Whitbread is to slash nearly 4,000 jobs as part of plans to offload restaurants and sell off the freehold rights to its hotels, in a bid to raise £2bn. Shares in the company slipped on Thursday after it announced the plans to raise £1.5bn by selling off the freehold rights to a raft of its [...]
Whitbread hopes to win back investors with £1.5bn property sell-off April 29, 2026 Premier Inn owner Whitbread will hope to win back investors when it announces a £1.5bn sell-off of a shedload of its property portfolio on Thursday. The FTSE 100 giant is gearing up for its full-year results later this week, and aims to please its investors with a cash injection to turn the corner on a [...]
Coca-Cola abandons Costa Coffee sale plans as Asda owner bids low January 14, 2026 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 January 13, 2026 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 October 16, 2025 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 [...]
