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The Latest Breaking News from Whitbread

Premier Inn owner appoints Severn Trent boss as new chairwoman

Christine Hodgson joins partway through a five-year growth plan at the company, which involves building thousands more hotel rooms.

Evening Standard

FTSE 100 Live 27 May: Index nears record, BAE Systems and Rolls-Royce continue strong run

Buyers kept Rolls-Royce and BAE Systems in their sights today as the FTSE 100 index advanced another 1% to trade within reach of March’s record high.

Evening Standard

Controversial hotel approved for Cornwall beauty spot despite local anger

One councillor said ‘local democracy has been thrown out of the window’ after the decision

The Independent UK

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Controversial hotel approved in St Ives despite fierce local opposition

Cornwall Council had originally refused planning permission for the 90-room Premier Inn at St Ives last year.

Evening Standard

FTSE 100 holds on to gains as US stocks boosted

The index managed to claw back losses from earlier in the day to gain 1.95 points, or 0.02%, to close at 8,496.8.

Evening Standard

Profits fall at Premier Inn owner Whitbread on drop in UK bookings

Shares rise on promises to return £2bn to investors through buybacks and dividends, and more hotel openings

The Guardian - UK

Whitbread profits slide amid restaurant closures and ‘softer’ UK demand

The company, which also owns Beefeater restaurants, told shareholders that adjusted pre-tax profits fell by 14%.

Evening Standard

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Jane Gardam obituary

Prolific novelist and short-story writer with a taste for the absurd

The Guardian - UK

Premier Inn owner’s sales drop as it converts restaurants to hotel rooms

Whitbread saw a 2% dip in quarterly sales amid a £500 million revamp of its estate of restaurants across the UK.

The Independent UK

NICs rise will force businesses to close, warn hospitality bosses

More than 200 leading restaurant, pub and hotel companies say tax rises will cause ‘unprecedented damage’

The Guardian - UK

FTSE 100 Live 04 November: Index rises ahead of election and rate decisions, Ryanair profit falls

Investors are braced for volatility as they await the outcome of the US election and this week’s meetings of the Bank of England and Federal Reserve.

Evening Standard

Premier Inn owner Whitbread ramps up cost-cutting plans as tax rise looms

Firm’s profits fall 22% and demand slows, with hospitality sector bracing for employer tax increase in budget

The Guardian - UK

Joan Brady obituary

Author of Theory of War, inspired by her grandfather’s experience of slavery in the US, which won the Whitbread book of the year award in 1993

The Guardian - UK

Union slams hospitality firm over 'plans to cut 200 jobs in Scotland'

A TRADE union has slammed a hospitality giant following reports of plans to axe 200 jobs in Scotland...

The National (Scotland)

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The Guardian - UK

Workers at Premier Inn owner protest at AGM against plans to cut 1,500 jobs

Unite union also considering employment tribunal claims for unfair dismissal against Whitbread

Evening Standard

FTSE 100 Live 18 June: Hargreaves Lansdown surges on new bid, index higher

The UK’s inflation rate today slowed to 2%, its lowest level in almost three years.

The Guardian - UK

France now ‘most unloved’ European stock market; Le Pen victory would push up French debt, warns Goldman Sachs – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Beefeater owner threatened with legal action over plan for 1,500 job cuts

Union claims Whitbread, which also owns Premier Inn, has not consulted properly with restaurant staff

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The Guardian - UK

My future is bleak: can I go on without the all-you-can-eat unlimited Premier Inn breakfast?

With the chain selling off 126 restaurants, I’m worried. Will I be able to get the bottomless glasses of orange juice I need, asks writer Rich Pelley

The Guardian - UK

Premier Inn owner Whitbread to cut 1,500 jobs and shut 100-plus restaurants

Moves come despite hospitality group reporting record profits and increasing returns to shareholders

Evening Standard

£2 million converted pub in Stoke Newington with the bar still in the living room

The property dates from the 1850s and was formerly the Earl of Warwick pub

The Guardian - UK

Premier Inn room rates soar as budget hotel era ‘evaporates’

Whitbread says average London room prices have jumped 30% to £112 amid influx of people to capital

The Guardian - UK

Premier Inn owner surpasses pre-Covid profits as travellers seek deals

Whitbread beats analysts’ expectations, reporting £375m in pretax profits for year to 3 March

Evening Standard

Premier Inn owner Whitbread expects coronation boost after Westminster hotels sell out in 15 minutes

The hotelier’s profits rocketed to above pre-pandemic levels last year

Evening Standard

FTSE 100 Live: ‘Unease is spreading across the banking sector again’; FTSE closes at 7,891.13

GSK, housebuilder Persimmon and the consumer products group Reckitt Benckiser are among the blue-chips updating investors today.

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