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The Latest Breaking News from Whitbread

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.

International Business Times 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

The Guardian - UK

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

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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.

Evening Standard

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

The National (Scotland)

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

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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

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

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

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The Guardian - 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’

Evening Standard

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.

The Guardian - UK

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

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The National (Scotland)

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 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

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

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