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The Latest Breaking News from Whitbread

Whitbread’s reset is slow. But angry US hedge fund doesn’t have a better idea

Demand for ‘formal sale’ is odd for slew of reasons including five-year plan analysts say is ‘sensible, credible and material’

The Guardian - UK

FTSE 100 up amid calmer bonds but oil rises again

The FTSE 100 closed up 128.38 points, 1.3%, at 10,323.75.

Evening Standard

Whitbread Restaurants to Shut 197 Sites Across UK and Ireland, Cutting 3,800 Jobs — What Led to the Shutdown?

Whitbread will close 197 restaurants across the UK and Ireland, putting 3,800 jobs at risk amid a major shift towards Premier Inn hotels.

International Business Times UK

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Two UK pub chains axed along with 3,500 jobs amid rising taxes

Whitbread, which owns both Beefeater and Brewers Fayre, is planning to close all 197 of its standalone restaurant sites

Evening Standard

FTSE 100 rallies as oil eases and Bank of England holds rates

The FTSE 100 closed up 165.71 points, or 1.6%, at 10,378.82.

Evening Standard

Last Beefeater and Brewers Fayre restaurants to close, with loss of 3,800 jobs, Premier Inn owner says

Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic reset

The Guardian - UK

Premier Inn owner blames cost pressures for 3,800 job cuts

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The Independent UK

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Premier Inn owner Whitbread plans 3,800 job cuts under five-year overhaul

Whitbread said it wanted to save money in light of cost pressures coming from business rates and national insurance contributions.

Evening Standard

Premier Inn owner to cut 3,800 jobs in UK and Ireland under five-year plan

The hospitality group cited cost pressures from business rates and national insurance contributions as a key driver for the move

The Independent UK

Coca-Cola reportedly abandons plans to sell Costa Coffee chain

US owner scraps auction after bids from private equity firms fail to meet its £2bn sale expectations, report says

The Guardian - UK

Stocks slip as Whitbread tops FTSE 100

The World Bank has raised its global growth forecast by 0.2 percentage points for 2026.

Evening Standard

Premier Inn owner Whitbread set for lower-than-expected business rates hit

The hospitality group expects an impact of around £35 million a year, having previously said this could be up to £50 million.

Evening Standard

FTSE 100 and sterling rise after Bank of England rate cut

In a split vote, the Bank’s Monetary Policy Committee voted five to four to reduce interest rates.

Evening Standard

US activist investor urges Whitbread review after budget tax changes

Corvex says Premier Inn owner should rethink strategy as company braces for business rate changes next year

The Guardian - UK

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Evening Standard

Stocks end winning week up despite hit for Premier Inn owner Whitbread

Whitbread slid 11% after warning that changes to business rates in Wednesday’s Budget will materially increase costs in the next financial year.

Evening Standard

Premier Inn owner’s costs to rise by up to £50m after business rates changes

Whitbread is among hotel owners to be hit hard by changes in valuations linked to next year’s business rates payments.

The Guardian - UK

Pub chain Mitchells & Butlers faces £130m hit from rising wage and food costs

Group, which also owns restaurant brands including Toby Carvery, feels impact of increase in employer NICs

Evening Standard

FTSE 100 closes higher despite sluggish economic growth

The tepid progress for the economy recently could prompt the Office for Budget Responsibility to downgrade its economic assessment.

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news in one place.

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Evening Standard

Premier Inn sales slip in UK despite boost from Oasis gigs

Hospitality group Whitbread said it shaved millions of pounds off of its cost base in a bid to mitigate higher labour costs and food inflation.

Evening Standard

Premier Inn investors hoping for summer boost amid rising hotel prices

Whitbread, which also owns the Beefeater and Brewers Fayre chains, will publish its half-year financial results on Thursday.

International Business Times UK

Coca-Cola Considers Selling UK's Costa Coffee In Shock £2bn Move — Just Years After £3.9b Takeover

Coca-Cola is considering selling Costa Coffee for £2B, nearly half of what it paid in 2018. Talks with Lazard and potential bidders are underway as the coffee chain faces rising costs and competition.

The Guardian - UK

Coca-Cola in talks about cut-price £2bn sale of Costa Coffee

American owner said to be working with bankers on review of chain, which has more than 2,000 UK outlets

Evening Standard

Whitbread sales under pressure amid overhaul and tough UK market

The group saw first-quarter accommodation sales fall 2% while food and drink plunged 16%.

Evening Standard

FTSE 100 nudges up ahead of Fed decision following broadly expected CPI data

The oil price fluctuated, with the Israel-Iran conflict entering its sixth day.

The National (Scotland)

Plans submitted for 102-bedroom Premier Inn in Scottish city centre

Plans to transform an old office building in Edinburgh’s city centre into a 102-bedroom Premier Inn have been submitted

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Office for National Statistics

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International Monetary Fund

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