LONDON (Alliance News) -
Whitbread PLC proposed to return up to GBP2 billion to shareholders Friday in the second phase of a GBP2.5 billion capital return programme.
WHITBREAD yesterday revealed profit has plummeted 40 per cent since the PS3.9bn sale of its Costa coffee chain to Coca-Cola last year.
PREMIER Inn owner
Whitbread has unveiled plans to return another PS2 billion to investors following its Costa Coffee sale and slash costs by a further PS220 million.
PREMIER Inn owner
Whitbread has unveiled plans to return another PS2bn to investors following its Costa Coffee sale and slash costs by a further PS220m.
Madrid: Fitch Ratings has maintained
Whitbread PLC's Long-Term Issuer Default Rating (IDR) of 'BBB', Short-Term IDR of 'F2' and senior unsecured rating of 'BBB' on Rating Watch Negative (RWN).
British firm
Whitbread paid PS19million for Costa's 39 branches in 1995.
It is understood that Costa's owner,
Whitbread, which last month said it would split the chain and list it as a separate entity, has been approached informally over a potential buyout of the firm.
US HEDGE funds forced
Whitbread to yesterday announce plans to sell coffee chain Costa.
16 October 2017 - UK-based hotel, coffee shop and restaurant company
Whitbread plc's (LSE: WTB) Costa coffee shop business has acquired 49% of its South China joint venture from JV partner Yueda for RMB 310m (USD 46.50m), the company said.
Premier Inn's parent company
Whitbread has asserted its focus on international growth in the Middle East and Germany, while planning to withdraw from India and South-East Asia.
PREMIER Inn and Costa owner
Whitbread has con-firmed plans to take on more than 200 apprentices in Wales over the next five years.
It was one of Britain's greatestever throwers, Fatima
Whitbread, who did precisely that by taking bronze in the javelin in the 1984 Games and silver four years later.