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01.05.25 - 15:06
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Profits fall at Premier Inn owner Whitbread on drop in UK bookings (The Guardian)
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Shares rise on promises to return £2bn to investors through buybacks and dividends, and more hotel openingsProfits at the Premier Inn owner Whitbread have fallen after it was hit by higher costs and a drop in UK bookings, but shares rose on the promise of a share buyback and more hotel openings.Britain's largest hotel group, which owns 852 hotels in the UK and 61 in Germany, reported a 14% fall in adjusted pre-tax profit to £483m for the year to 27 February. Revenues dipped by 1% to £2.9bn, as revenue per available room in the UK was down by 2%. Continue reading......
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16.10.24 - 15:02
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Whitbread Aims to Boost Profit, Shareholder Returns (WSJ EN)
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The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and additional investments should opportunities arise....
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