WTB17 Mar 2011 12:49
Spotlight on Whitbread (WTB)
Few major companies have threaded their way through recession as skilfully as Whitbread, an achievement facilitated by its reinvention of itself a decade ago.
In 2001, it sold its old brewing and pubs business to focus on aggressive expansion of hospitality brands: budget hotels chain Premier Inns, Costa Coffee outlets, and a network of Beefeater, Brewers Fayre and Taybarns restaurants.
Annual profits to March are expected to be £279 million, up from £208 million last year, when they are announced in April. Back in 2007-08 the company made a profit of just £135 million.
Dividends have risen steadily from 30.25p in 2006-07 to an expected 42.7p for the year just ended.