Whitbread Share News (WTB)

Premier Inn owner Whitbread to cut 1,500 UK jobs as it closes some restaurants

Dividend hike of 26% to 62.9p

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TOP NEWS: Upbeat Whitbread ramps up room opening plans as sales climb

(Alliance News) - Whitbread PLC on Tuesday launched a new share buyback, alongside a bumper dividend increase, but said 1,500 jobs would go as it sells off underperforming restaurants.

Whitbread to cut 1,500 job losses as it doubles down on hotels

(Sharecast News) - Hospitality group Whitbread has announced a £150m share buyback and beefed up its dividend after seeing its bottom line jump by more than a third in the year to 29 February, as it unveiled plans to cut jobs as it turns underperforming restaurants into more hotels.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: JPMorgan raises Flutter and cuts Entain

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

IN BRIEF: Whitbread associate of Premier Inn COO sells 3,000 shares

Whitbread PLC - Person closely associated with Simon Ewins, chief operating officer of Premier Inn, sells Whitbread stock. Tracey Ewins sells 3,000 shares at GBP35.39 each, worth GBP106,170, in London on Tuesday.

PRESS: AJ Bell founder to join Applied Nutrition ahead of IPO - Sky

(Alliance News) - Supplements maker Applied Nutrition, plotting a London stock market float, is to add AJ Bell PLC founder Andy Bell as its chair, Sky News reported on Tuesday.

IN BRIEF: Associate of Whitbread property manager sells shares

Whitbread PLC - Dunstable, Bedfordshire-based owner of Premier Inn chain - Person closely associated with Mark Anderson, managing director of Property & International, sells Whitbread stock. Sarah Anderson sells 1,946 shares at GBP36.19 each, GBP70,420 in total on Thursday. Stake following disposal not stated.

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

LONDON MARKET CLOSE: Stocks lower on hotter-than-expected US inflation

(Alliance News) - Stock prices in London closed lower on Thursday, after US rate cut expectations suffered a setback following some hotter-than-expected inflation data.

London close: Stocks fall as US inflation comes in hot

(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.

LONDON MARKET MIDDAY: Stocks level out as US inflation nerves kick in

(Alliance News) - Upbeat morning trade for European markets gave way to caution by midday on Thursday, as investors look to a make-or-break US inflation reading, and what it could mean for the Federal Reserve interest rate outlook.

TOP NEWS: Premier Inn owner Whitbread maintains guidance as sales soar

(Alliance News) - Whitbread PLC on Thursday said it will maintain its guidance for the financial year ending March 31 after posting a jump in its quarterly accommodation sales.

LONDON MARKET OPEN: Stocks in the green; M&S slides as Tesco edges up

(Alliance News) - Stock prices in London climbed at Thursday's market open, with investors feeling hopeful ahead of US inflation data, and considering Christmas updates from grocery companies.

Whitbread posts strong rise in Premier Inn sales; Holds guidance

(Sharecast News) - Pubs and Premier Inn owner Whitbread maintained full-year guidance after a strong rise in accommodation sales during the third quarter, with momentum continuing into the final three months of the financial year.