Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWhitbread Share News (WTB)

Share Price Information for Whitbread (WTB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,912.00
Bid: 2,913.00
Ask: 2,914.00
Change: -25.00 (-0.85%)
Spread: 1.00 (0.034%)
Open: 2,932.00
High: 2,952.00
Low: 2,905.00
Prev. Close: 2,937.00
WTB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Whitbread looks ahead to post-lockdown bounce in UK leisure demand

Thu, 17th Jun 2021 08:07

* Hotel chain benefits from staycations

* 98% of more than 800 Premier Inn hotels open

* Opens 10 new hotels in the UK

* Shares top of UK's blue-chip index leader board
(adds details of new reopenings, shares, background)

By Vishwadha Chander

June 17 (Reuters) - Premier Inn-owner Whitbread said
hotel bookings in its tourist locations picked up in the run-up
to the summer season, lifting its shares even as Britain delayed
plans to ease pandemic restrictions.

The Dunstable-based company said it traded "significantly
ahead of the market", though total sales still fell 69.8% in the
13 weeks ended May 27 from pre-COVID-19 levels.

The shares rose 4% by 0739 GMT to be the best performers on
the FTSE 100 index.

"Our forward bookings continue to improve, benefiting from
the anticipated post-lockdown bounce in leisure demand, and a
continued gradual improvement in business bookings," Chief
Executive Officer Alison Britain said.

The rate of decline slowed in the period from May 17 to June
14, when overnight leisure stays were allowed, with total UK
accommodation sales during those weeks down just 27% from
pre-pandemic levels.

The travel and leisure sector is showing signs of recovery
as Britons have started booking domestic trips for the summer
holiday season rather than foreign trips

By May 17, the company said 98% of its more than 800 Premier
Inn hotels were open.

"A lack of air travel will push Britons to staycation at
coastal towns in the UK, where roughly 15% of the group’s hotels
are scattered," Hargreaves Lansdown analyst Laura Hoy said.

But with Britain now pushing back its plans to lift most
social restrictions to July 19, Whitbread said a full recovery
of leisure demand depended on the removal of remaining lockdown
measures.

The company opened 10 new hotels in the UK during the
quarter. There are signs of recovery in Germany, too, where 19
of Whitbread's 30 hotels had opened.
(Reporting by Vishwadha Chander and Muvija M in Bengaluru;
Editing by Subhranshu Sahu and Elaine Hardcastle)

More News
8 Nov 2021 14:39

DIRECTOR DEALINGS: Aston Martin non-exec buys GBP1.7 million in shares

DIRECTOR DEALINGS: Aston Martin non-exec buys GBP1.7 million in shares

Read more
1 Nov 2021 09:38

LONDON BROKER RATINGS: Upgrades for Lloyds Banking and NatWest

LONDON BROKER RATINGS: Upgrades for Lloyds Banking and NatWest

Read more
28 Oct 2021 16:58

DIRECTOR DEALINGS: FDM executive team sell GBP30 million in shares

DIRECTOR DEALINGS: FDM executive team sell GBP30 million in shares

Read more
26 Oct 2021 17:06

LONDON MARKET CLOSE: FTSE 100 gains as Reckitt and Whitbread cheered

LONDON MARKET CLOSE: FTSE 100 gains as Reckitt and Whitbread cheered

Read more
26 Oct 2021 12:35

LONDON MARKET MIDDAY: Stocks rise as US tech earnings deliver

LONDON MARKET MIDDAY: Stocks rise as US tech earnings deliver

Read more
26 Oct 2021 10:22

UPDATE 2-Upbeat earnings push European stocks close to record highs

* STOXX 600 at strongest close since record high in August* Reckitt soars on forecast lift* Logitech slides after results* Travel and leisure stocks lead gains (Updates to market close)By Anisha Sircar and Ambar WarrickOct 26 (Reuters) - European st...

Read more
26 Oct 2021 09:54

UPDATE 2-UK's FTSE 100 at 20-month highs after Reckitt forecast lift

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Premier Inn-owner expects travel to rebound* THG slides 20% after trading update* FTSE 100 up 0.8%, FTSE 250 adds 1.0% (Updates to close)B...

Read more
26 Oct 2021 09:30

TOP NEWS: Whitbread recovery ahead of expectations in first half

TOP NEWS: Whitbread recovery ahead of expectations in first half

Read more
26 Oct 2021 09:02

LONDON MARKET OPEN: Reckitt Benckiser gains after raising guidance

LONDON MARKET OPEN: Reckitt Benckiser gains after raising guidance

Read more
26 Oct 2021 07:57

LONDON MARKET PRE-OPEN: Whitbread loss narrows as demand rebounds

LONDON MARKET PRE-OPEN: Whitbread loss narrows as demand rebounds

Read more
26 Oct 2021 07:39

UPDATE 2-Labour shortages cloud Premier Inn owner's bullish outlook

* Half-year adj. pre-tax loss 56.6 mln pounds vs. 367.4 mln* Very high levels of demand in UK continues* Invests in salaries, bonuses to tackle labour shortages (Adds occupancy detail, shares)By Muvija M and Chris PetersOct 26 (Reuters) - Premier In...

Read more
26 Oct 2021 07:02

Whitbread paying higher wages, bonuses to keep staff as losses narrow

(Sharecast News) - Premier Inn owner Whitbread said interim losses narrowed as sales rebounded, with room revenues potentially hitting full recovery next year and added it was paying higher wages and a retention bonus to combat labour shortages.

Read more
19 Oct 2021 16:10

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
15 Oct 2021 12:54

IAG taps Whitbread Finance Director Nicholas Cadbury as new CFO

IAG taps Whitbread Finance Director Nicholas Cadbury as new CFO

Read more
15 Oct 2021 12:43

Whitbread finance director to take up CFO role at IAG

(Sharecast News) - Premier Inn owner Whitbread revealed on Friday that long-time finance director Nicholas Cadbury will be leaving the group after nine years to take up the position of chief financial officer at International Airlines Group.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.