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 – Whitbread #WTB UK Decline Turned Into “Growth”

Whitbread plc WTB tries to put a brave face on its first quarter results by headlining sales growth and expansion and ignoring the unhappy reality. The truth is that growth  is due to investment in new hotels and new Costa stores. On a like for like basis the quarter has been, to put it politely, […]