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Pin to quick picksWhitbread Share News (WTB)

Share Price Information for Whitbread (WTB)

London Stock Exchange
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Share Price: 2,909.00
Bid: 2,908.00
Ask: 2,910.00
Change: -16.00 (-0.55%)
Spread: 2.00 (0.069%)
Open: 2,946.00
High: 2,959.00
Low: 2,901.00
Prev. Close: 2,925.00
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Commodity stocks push FTSE 100 lower; Whitbread shines

Tue, 25th Apr 2023 17:33

Whitbread tops FTSE 100 on dividend hike

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Associated British Foods drops on profit fall

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Travis Perkins falls on weak demand outlook

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FTSE 100 down 0.3%, FTSE 250 off 0.1%

April 25 (Reuters) - London's FTSE 100 closed down on Tuesday, logging its worst performance in April as commodity-linked stocks were a drag, while investors swarmed shares of Whitbread after it raised its dividend.

The Premier Inn owner rose 4.3% and hit over a one-year high after it more than doubled its annual dividend from a year ago, and said it expected strong demand during the weekend of King Charles' coronation.

"The biggest impact (of the coronation) is going to be from tourism," said Danni Hewson, head of financial analysis at AJ Bell.

"Premier Inn with its huge variety of locations is in a really good position to grab a huge chunk of that business."

The travel and leisure sector housing the stock added 0.8%, hitting its highest levels in over a year.

However, the blue-chip FTSE 100 index fell 0.3% weighed down by a 3.3% drop in industrial miners as copper prices fell.

Energy firms shed 1.2% as crude oil futures slid below 2%.

Bucking the trend, shares of healthcare stocks and utilities gained as the pound declined.

The FTSE 100 started the week on a tepid note, with markets in a wait-and-see mode to assess the impact of monetary tightening on company earnings.

In recent weeks, investors have been flocking towards recession-insured sectors like healthcare and utilities and cyclicals such as commodity-linked sectors have largely underperformed.

The mid-cap FTSE 250 was down 0.1%, with shares of Travis Perkins down 2.8% on a weak new house building forecast.

Associated British Foods lost 4.2% following a fall in first-half profit, and cautioned on the resilience of consumer spending amid inflation.

Anglo American reported upbeat quarterly production numbers. However, its shares were down with the broader sector.

Meanwhile, data showed Britain recorded a bigger-than-expected budget deficit of 21.53 billion pounds ($26.87 billion) in March. (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Eileen Soreng, Dhanya Ann Thoppil and Jonathan Oatis)

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17 Apr 2023 15:15

U.S. stocks step gingerly in early trade

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Main U.S. equity indexes around flat

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17 Apr 2023 14:25

Wedbush believes India is Apple's next market to conquer

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Major U.S. equity index futures mixed, little changed

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17 Apr 2023 14:11

Greener pastures ahead for Europe's ESG

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Major U.S. equity index futures mixed, little changed

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14 Apr 2023 09:10

Peel Hunt upgrades Whitbread to 'buy'

(Sharecast News) - Peel Hunt upgraded Whitbread on Friday to 'buy' from 'add' and hiked the price target to 4,000p from 2,850p as it expects positive trading news from the company this year, starting with the prelims on 25 April.

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20 Mar 2023 09:10

LONDON BROKER RATINGS: UBS and Bank of America raise Glencore to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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20 Mar 2023 07:44

LONDON BRIEFING: UK water regulator Ofwat can block dividend payments

(Alliance News) - Stock prices in London were set to open lower on Monday after the sale of Credit Suisse to UBS failed to convince markets that the banking sector turmoil has been contained.

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27 Feb 2023 17:55

IN BRIEF: Whitbread associate of managing director sells 2,000 shares

Whitbread PLC - Dunstable, England-based owner of Premier Inn chain - Tracey Ewins, associate of Simon Ewins, managing director of UK Hotels & Restaurants, sells 2,000 shares at GBP31.32 each, worth GBP62,640, on Monday.

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17 Feb 2023 18:31

IN BRIEF: Whitbread says Non-Exec Snowball buys shares for GBP69,000

Whitbread PLC - Dunstable, England-based owner of Premier Inn chain - Says independent Non-Executive Director Cilla Snowball on Wednesday bought 2,258 shares at GBP30.77823 for a total of GBP69,497. Snowball's stake following purchase not stated.

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18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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16 Jan 2023 09:34

LONDON BROKER RATINGS: SocGen raises Severn Trent to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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13 Jan 2023 18:01

DIRECTOR DEALINGS: United Utilities CEO sells shares for GBP1 million

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

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13 Jan 2023 14:11

Jefferies raises target price on Whitbread

(Sharecast News) - Analysts at Jefferies raised their target price on hotel operator Whitbread from £30 per share to £35 following what it called "a premier quarter".

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13 Jan 2023 09:40

LONDON BROKER RATINGS: Berenberg likes Pendragon; HSBC cuts Keywords

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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12 Jan 2023 17:03

LONDON MARKET CLOSE: Cooling US inflation, housebuilders lift FTSE 100

(Alliance News) - Stock prices in London closed higher on Thursday, boosted by a strong performance from UK housebuilders and positive news for inflation in the US.

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12 Jan 2023 10:12

TOP NEWS: Whitbread pushes ahead with Premier Inn growth in Germany

(Alliance News) - Whitbread PLC on Thursday reported strong sales growth in its financial third quarter, both in its core Premier Inn business in the UK and in its target growth market of Germany, as it changes group chief executive.

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