Reuters Breakingviews is the world's leading source of agenda-setting financial insight. Coronavirus (Covid-19) information. MarketBeat Whitbread (LON:WTB)'s stock had its "buy" rating reiterated by research analysts at Citigroup in a research report issued to clients and investors on Monday, PriceTargets.com reports. Whitbread has a very diverse range of products and services. Matthew Riding. We offer quality accommodation at affordable prices, The selling price currently displayed is higher than the buying price. Shares in Whitbread, the owner of Premier Inn, fell after the completion of its 2bn share buyback on Monday as short-sellers moved in on the stock. This website uses essential session cookies to enable the website to function. We are doing this by: the shareholders full name their last-known address any previous addresses (in case the address we have isnt the most recent) the companies in which the shares are held, and if you have them, any Shareholder References. deficithas Whitbread PLC - Dunstable, Bedfordshire-based hospitality firm - At annual general meeting, 36% of shareholders vote against resolution two, to approve the annual report on remuneration. Owning just one share of Moss Brothers Group (LON: MOSB) allows the shareholder to receive a 20 percent discount on purchases. This website uses essential session cookies to enable the website to function. Whitbread shareholders have agreed to the sale of Costa to Coca-Cola for a whopping 4bn, with the companys share price inching higher following the announcement. Shareholders Suppliers Community Pension Trustees Lenders ABOUT WHITBREAD A FOCUSED HOTEL GROUP Whitbread is a leading hospitality business and the owner of Premier Inn, the UKs biggest hotel brand. Whitbread Plc Uk owns a total of 808 Million outstanding shares. Dear Shareholder, I am pleased to enclose the Annual Report and Accounts of Whitbread PLC for the financial year ended 25 February 2021. 2019. Whitbread PLC. Our data shows that BlackRock, Inc. is the largest shareholder with 7.1% of shares outstanding. Whitbread plc has promised to shell out a "significant amount" of the proceeds from its sale of Costa Coffee to The Coca-Cola Co to Best Of The Best. Similar to WTB. Our priorities, on behalf of our shareholders, are to grow our business and to achieve annual improvements in the return on their capital. Whitbread shareholders with a holding of 64 shares or more are eligible to receive a shareholder If you are a qualifying shareholder (i.e. This is the second phase of a three-phase return of capital programme in connection with the disposal of Costa. 99.27% of those who voted were in favour of the said Company profile page for Whitbread PLC including stock price, company news, press releases, executives, board members, and contact information investorrelations@whitbread.com. Whitbread is the largest hospitality business in the UK, employing over 30,000 people and with a history spanning more than 275 years. Companies that used to be publicly owned tend to have lower insider ownership. 1 in the United Kingdom): owns, as of 25/02/2021, 857 hotels under the Premier Inn brand, mainly located in the United Kingdom (821; 78,718 rooms) and Germany (30; 4,880 rooms) ; - operation of restaurants (32.3%): owns J.P. Morgan Cazenove (Joint Sponsor, Joint Corporate Broker and Joint Global Coordinator) Alex Watkins. 22 Oct 2019. Whitbreads Return on Equity has consistently increased from 2010 (10.0) to 2014 (14.28). 18/1/2022. These will be deleted automatically when you close your browser. We are working hard to protect the service delivered to our clients, their employees and shareholders whilst also safeguarding the health and wellbeing of our employees during the COVID-19 pandemic. Any promotion of share dealing and dividend reinvestment services referred to on this website is directed at shareholders in the United Kingdom only. Shareholders were told that the vast majority of its hotels closed in the last week of March, although 39 properties remained open for use by NHS staff and other frontline key workers, and over 27,000 employees had been placed on a temporary furlough. Deal for just 11.95 per trade in a Stocks and Shares ISA , Lifetime ISA , SIPP or Fund and Share Account. Whitbread : Annual Report and Accounts 2020/21. To claim a shareholder perk on an investment held with HL, or to ask a question about shareholder perks, call 0117 900 9000, or email us. Whitbread PLC Annual Shareholders Meeting. Please note that if your shareholding is held via a nominee, please contact your nominee directly to request the shareholder benefits card. Email. Shares in Whitbread jumped more than 7% after it emerged that an activist investor has built a stake to become its largest shareholder. whitbread. We regret to report that long term Whitbread plc shareholders have had that experience, with the share price dropping 44% in three years, versus a market decline of about 10%. We are the number one hotel operator in the UK and have a growing footprint in Germany. Check out our latest analysis for Whitbread . It opened the day at 3268p after a previous close of 3263p. Investor relations . Shares in Whitbread jumped more than 7% after it emerged that an activist investor has built a stake to become its largest shareholder. Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. Whitbread shareholders have given their blessing to the 3.9 billion sale of the Costa Coffee chain to Coca-Cola. on capital for shareholders. WHITBREAD PLC (Incorporated and registered in England and Wales with registered number 04120344) Proposed return of up to 2,000,000,000 to shareholders by way of tender offer for up to 43,466,603 ordinary shares Potential share consolidation and additional share buyback authority Notice of General Meeting More than a few glasses have been raised to Bedfordshire hospitality business Whitbread plc after CEO Alison Brittain unveiled a stunning bounceback for the 53 weeks to March 3. For those direct shareholders though, please contact Equiniti for complete terms and conditions at: 0371-384-2132 (for UK callers) or +44 121-415-7034 (for non-UK callers). Our data shows that BlackRock, Inc. is the largest shareholder with 7.1% of shares outstanding. Whitbread CEO says shareholders will be absolutely delighted with Costa deal. Our use of cookies. Profit margin: 2.3% (up from net loss in FY 2021). Introduction to the Rights Issue. The Costa sale (completed in January 2019) should allow an acceleration of Whitbread's expansion plan to offset the loss of scale and diversification resulting from the sale of Costa, while keeping a broadly stable leverage, in line with a 'BBB' rating. There are no current stakeholders of Whitbread. Today, we are a focused hotel business which is well established in the UK and growing in Germany. This offers an efficient and convenient way to increase your shareholding in Whitbread plc. whitbread@linkgroup.co.uk . Whitbread has said it will spin-off its Costa Coffee business after pressure from two hedge funds, but the process will take up to two years, frustrating Telephone +44 (0)344 855 2327 . As we emerge from the COVID-19 pandemic, Whitbread is well positioned in the UK and Germany, both of which are structurally Whitbread PLC Company accounts 2020/21 192 Company balance sheet 193 Company statement of changes in equity 194 Notes to the Company financial statements The Company is organized into a single business segment, Premier Inn. Any promotion of share dealing and dividend reinvestment services referred to on this website is directed at shareholders in the United Kingdom only. Whitbread raising 1bn from shareholders to bolster finances. The latest price was 3290p (25 minute delay). Whitbread PLC is a United Kingdom-based company, which owns and operates hotels and restaurants. nps. Whitbread has announced up to 6,000 redundancies in the UK and raised 1bn from shareholders in May to shore up its finances. Our use of cookies. London Stock Exchange. These will be deleted automatically when you close your browser. Any promotion of share dealing and dividend reinvestment services referred to on this website is directed at shareholders in the United Kingdom only. Revenue: UK1.83b (up 207% from FY 2021). Whitbread PLC is a leading British hotel, restaurant, and coffee shops. Whitbread said it will use the money to reduce its debt, increase its contribution to the pension fund and return a "significant majority" to shareholders. Business: The Company File. Whitbread PLC (LON:WTB) is the United Kingdoms largest hotel, restaurant and coffee shop operator. Dividends are typically paid from company earnings. Whitbread set to Punch back. Tuesday, Jun 21st, 2022. Here's a list of companies that currently offer shareholders perks, discounts, and rewards for being an owner. December 2019 GM Proxy PDF (488 KB) Notice of General Meeting December 2019 PDF (2 MB) AGM Proxy PDF (166 KB) Notice of General Meeting PDF (83 KB) Chairmans Letter PDF (58 KB) Notice of AGM PDF (183 KB) 2018. WTBCF: Get the latest Whitbread stock price and detailed information including WTBCF news, historical charts and realtime prices. Revenue missed analyst estimates by 100%. Whitbread plc. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Friday, Oct 28th, 2022. Shareholders who wish to register for a card can do so by contacting Link Asset Services on +44 (0)344 855 2327. The previous Whitbread plc (WTB) dividend was 32.65p and was paid over 2 years ago. Our use of cookies. Shareholders Suppliers Community Pension Trustees Lenders ABOUT WHITBREAD A FOCUSED HOTEL GROUP Whitbread is a leading hospitality business and the owner of Premier Inn, the UKs biggest hotel brand. The emergence of Elliott Advisors on Whitbread Plcs shareholder register ratchets up the pressure on the U.K. company to consider splitting its Costa Coffee shops from its Premier Inn hotels. Happily for any shareholders, Whitbread actually produced more free cash flow than EBIT over the last year. Investors typically determine WHITBREAD PLC value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. During the day the price has varied from a low of 3245p to a high of 3308.1111p. Whitbread Premier Inn owner said following the sale of Costa Coffee to Coca-Cola last year they have completed a capital return programme to return 2.5bn back to their shareholders. It also demonstrates to shareholders and the media that the firm invests time in CSR efforts. 3M (MMM) Berkshire Hathaway (BRK.B) Carnival Cruise Lines (CCL) Churchill Downs (CHDN) Ford (F) Intercontinental Hotels Group (IHG) International Business Machines (IBM) We note that hedge funds don't have a meaningful investment in Whitbread. Whitbreads Privilege Card gives you up to 60% discount on hotel rooms across the UK, Ireland and Germany and 25% discount across our restaurant brands Whilst on shift, choose from our special menu, with meals starting from 2 or get 50% off the standard meal Lines are open Monday - Friday 9am - 5pm. Whitbread PLC is a British multinational hotel and restaurant company. Whitbread intends to return a significant majority of net cash proceeds to shareholders. In a Q3 trading update, Whitbread also announced sales growth of 2.5 per cent. Glencore plc is an Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland, its oil and gas head office in London and its registered office in Saint Helier, Jersey.The current company was created through a merger of Glencore with Xstrata on 2 May 2013. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. (Calls are charged at the standard geographic rate and will vary by provider. 888 Holdings. through the share portal at www.whitbread-shares.com or through the CREST system. Whitbread Plc (WTB.L) proposed a return of up to 2 billion pounds to shareholders by way of a tender offer. Whitbread distributed an unsustainably high 165% of its profit as dividends to shareholders last year. We're pleased to report that Whitbread shareholders have received a total shareholder return of 40% over one year. Our priorities, on behalf of our shareholders, are to grow our business and to achieve annual improvements in the return on their capital. Whitbread plc (WTB) is a publicly traded lodging business based in the UK. Shareholders are being offered one new share at 1,500p for every two they already own. On 31 August, Whitbread announced Finance review WHITBREAD INTERIM REPORT ACCOUNTS2005/06 our2004/05 financial year grosspension fund deficit 346m(net deficit after deferred tax 31August 2005 grossdeficit stood increasehas been driven primarily lifeexpectancy adopted triennialvaluation similargrowth rate bothassets absolutegrowth fundsnet liability. Investorrelations@whitbread.com If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Whitbread distributed an unsustainably high 165% of its profit as dividends to shareholders last year. Shares in Premier Inn owner Whitbread () have dropped 3.4% to 47.34 as it announces it will return around 2bn to shareholders at a price of 49.72 per share.. Whitbread PLC is the UK's leading hospitality company, managing the number one brands in hotels, restaurants, and coffee shops, including Premier Inn, Brewers Fayre, Beefeater, and Costa. Whitbread is adding 400m of debt to its balance sheet, which it will use to return money to shareholders, reduce pension deficits and make acquisitions. Saigol, Lina, "Whitbread Returns 1.1bn to Shareholders," Financial Times, March 21, 2001, p. 26. Morgan Stanley (Joint Sponsor, Joint Corporate Broker and Joint Global Coordinator) Tom Perry. Whitbread said it will use the money to reduce its debt, increase its contribution to the pension fund and return a "significant majority" to Our use of cookies. This website uses essential session cookies to enable the website to function. Unhappily, the share price slid 4.4% in the last week. Shares in Whitbread jumped more than 7% after it emerged that an activist investor has built a stake to become its largest shareholder. Our unique, vertically-integrated, approach has enabled Premier Inn to grow at a significantly faster pace than the market, deliver a consistently superior customer experience and generate a strong return on capital for shareholders. Including a 482m share buyback earlier this year, Whitbread Similarly, Whitbread also offers its shareholders a very diverse range of shareholder perks. At this time, there was an increasing interest Whitbread PLC Financial Calendar. Both businesses will be in a strong position to create value by capitalising on significant structural growth opportunities in the UK and internationally. Premier Inn owner Whitbread plc ( LON:WTB) has completed the return of 2.5bn to shareholders following the sale of Costa Coffee to The Coca-Cola Company at the beginning of the year. Ritchie, Berry, An Uncommon Brewer: The Story of Whitbread, 1742-1992, London: James and James, 1992. Shareholders or their duly authorised representatives intending to attend the AGM in person should register their attendance by telephoning Link on +44 (0)344 855 2327. +44 (0) 1582 888 633. Whitbread PLC - Dunstable, Bedfordshire-based hospitality firm - At annual general meeting, 36% of shareholders vote against resolution two, to approve the annual report on remuneration. Whitbreads shareholders will be keen to learn more next week about the hospitality groups plans for expansion and shareholder rewards - after its proposed sale of Costa Coffee. you hold at least 64 Whitbread shares) who holds the shares in your own name on the Register It employs 28335 people. Friday, July 2, 1999 Published at 11:37 GMT 12:37 UK. Strong pipeline in Germany with around 6,000 rooms to be delivered by 2021 This website uses essential session cookies to enable the website to function. Ritchie, Berry, An Uncommon Brewer: The Story of Whitbread, 1742-1992, London: James and James, 1992. The relationship between Whitbread, WIC, and the Whitbread family formed a complex and bid-proof organizational structure known as the Whitbread Umbrella. Stevenson went on to explain the discount Whitbread had to offer investors in order to drum up support for the rights issue, given the uncertainty in the hospitality sector with a backdrop if COVID-19. 2bn Investor and shareholder enquiries General shareholder enquiries . 8. It is headquartered in Houghton Regis, England. B90 Holdings. Whitbread is adding 400m of debt to its balance sheet, which it will use to return money to shareholders, reduce pension deficits and make acquisitions. Jedidajah Otte. 1. As of 2015, it ranked tenth in the Fortune Global 500 list of the world's largest However, WHITBREAD PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. (the "Company") Annual General Meeting 2021 - Arrangements. Elliott, another U.S. activist firm, then emerged as Whitbreads biggest shareholder in April with a stake of more than 6 percent and also began calling for a Premier Inn provides services in relation to accommodation and food both in the United Kingdom and internationally. Shareholder benefits Details of discounts and offers by Whitbread businesses have been mailed with this report.Any future offers will be subject to review by the board.It is intended that next year they will only be sent to those shareholders with at least 100 shares in the company. WHITBREAD PLC. The Annual Report and Accounts are also available in electronic form at www.whitbread.co.uk. Pursuant to the Rights Issue, Whitbread is proposing to offer 1 New Ordinary Share to Qualifying Shareholders for every 2 Existing Ordinary Shares. Glencore plc is an Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland, its oil and gas head office in London and its registered office in Saint Helier, Jersey.The current company was created through a merger of Glencore with Xstrata on 2 May 2013. At this point some shareholders may be questioning their investment in Whitbread PLC , since the last five years saw the share price fall 11%. Remember, it does not matter who owns the company or if the company is currently losing money. WTBCF: Get the latest Whitbread stock price and detailed information including WTBCF news, historical charts and realtime prices. Whitbread shareholders have given their blessing to the 3.9 billion sale of the Costa Coffee chain to Coca-Cola. Buy Whitbread Shares. Premier Inn owner warns sites could be barely occupied until September amid coronavirus crisis. How relevant are E, S and G issues to the overall credit rating? Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. WHITBREAD PLC operates under Restaurants classification in UK and is traded on London Stock Exchange. Registering for e-communications is very straightforward via the portal. In comparison, the second and third largest shareholders hold about 4.3% and 3.6% of the stock. Whitbread is to spin-off its Costa coffee empire from its hotel and other interests following pressure from shareholders. Any promotion of share dealing and dividend reinvestment services referred to on this website is directed at shareholders in the United Kingdom only. Whitbreads new pay policy will be put to an investor vote at a shareholder meeting scheduled for June 27. Saigol, Lina, "Whitbread Returns 1.1bn to Shareholders," Financial Times, March 21, 2001, p. 26. Deal now. A quick and easy share dealing service is available for existing Capita shareholders to either sell or buy Capita plc shares online or by telephone. Vision: how leaders develop it share it and sustain it:39 WEB SITES www. Published: 21 May 2020 The move to profitability was driven by higher revenue. Sharegift If you have a small number of Whitbread Our priority is to drive value for our shareholders whilst ensuring we make responsible decisions supporting the business, our stakeholders and Whitbread plc was founded in 1742 and is based in Dunstable, the United Kingdom. The objective is to identify companies with dynamic earnings growth. London Stock Exchange. The Company faced a good amount of pressure from its shareholders, as the company had decided in splitting the Costa Coffee Chain. We are the number one hotel operator in the UK and have a growing footprint in Germany. For COVID-safety reasons, guests will not be allowed to attend this year. BlackRock, Inc. is currently the company's largest shareholder with 7.3% of shares outstanding. Its largest division is Premier Inn, which is the largest hotel brand in the UK with 785+ hotels. Whitbread's Marriott hotels are popular with American visitors to the UK. It expects to deliver full-year results in line with expectations and says This announcement provides an update to the Company's Annual General Meeting ('AGM') arrangements, as detailed in the Notice of AGM published on 7 May 2021 (a copy of which can be obtained on the Company's The company also scrapped its dividends to shareholders, while directors and senior management took pay cuts. Whitbread announces today that it proposes to raise gross proceeds of approximately GBP1,009 million through a Rights Issue. Only 0.73% of those who voted were against the decision.Hospitality company Whitbread PLC has announced that their shareholders has approved the proposed sale of Costa Coffee to Coca-Cola Company.The decision was based on a poll where 117,070,152 out of 183,636,284 shareholders participated. A look at the shareholders of Whitbread plc can tell us which group is most powerful. 11:50. Email. Equivalent to "higher" relative importance within Navigator. In 1742, the business was formed with the partnership of Samuel Whitbread, Godfrey and Thomas Shewell and they acquired a brewery for the production of porter and by 1780s it became the largest brewery in the world. Unfortunately the share price momentum is still quite negative, with prices down 13% in thirty days. Whitbread stock plunged 14% on Thursday as the hotel and restaurant operator unveiled plans to raise 1 billion ($1.2 billion) in a share sale. Photograph: Toby Melville/Reuters. Just 39 of the 821 UK Whitbreads hotel have remained opened since the coronavirus outbreak. So, the company has been performing very well and has consistently improved the amount of net income returned as a percentage of shareholders equity. WHITBREAD PLC : Forcasts, revenue, earnings, analysts expectations, ratios for WHITBREAD PLC Stock | WTB | GB00B1KJJ408 Whitbread is not owned by hedge funds. (WTB) This rating is based on the expected evolution of the annual net Earnings Per Share (EPS) according to the estimates of the analysts who cover the company. The dividend will be paid on 13 December 2019 to all shareholders on the register at the close of business on 8 November 2019. Link Asset Services . Stock analysis for Whitbread PLC (WTB:London) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 5) Whitbread is in the process of developing a fully-fledged internal social network called Whitbread Avenue aimed at all employee and featuring richer functionality, which should be launching soon. However, WHITBREAD PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. For further information go to www.linksharedeal.com or telephone +44 (0) 371 664 04451. In September, Whitbread warned that 6,000 of its workers could be laid off. while Punch says its rival's all-share deal is a glass half-empty. 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