Ian Pollard – Costa Sale Brings Large Share Buy Back For Whitbread Shareholders.

Whitbread plc WTB Completed the sale of  Costa to The Coca-Cola Company for £3.9bn  on 3 Jan 2019, ahead of schedule.   Over 2,000 new rooms were  added with  occupancy high at over 80%. UK  like for like sales growth fell by 0.6% over the quarter and 0.7% over the year. Despite the high occupancy […]

Ian Pollard – AA lifted by potholes & exceptional weather

AA plc AA claims it is well positioned to return to growth from 2019 and that a revenue rise .of 2% reflects a solid performance especially in what it  calls “roadside.”.  The real reason for roadsides strength was exceptional weather conditions  for which even the AA dare not claim credit, as it benefited from extreme […]

Ian Pollard – Mitchells & Butler – Reports Results on a Snow Adjusted Basis

Mitchells & Butler MAB tries to claim a strong performance for the half year to the 14th April but is reduced in the process to having to adjust its growth figures by calculating the impact of snow. Thus  like for like sales growth of 1.6% becomes 2.5% on a snow adjusted basis. In the end […]