H1 revenues were £1.1bn (+2.6% yoy) and underlying operating profit came in at £286m (+2.9% yoy), both below consensus expectations. Costa is now reported as a discontinued operation, statutory profit for the period increased by 3.5% to £47m. The Costa deal (£3.9bn) with Coca-Cola has been approved by the shareholders and is now waiting for regulatory approval in the EU and China. More detail of the growth plan will be released in February 2019. Outlook for 2019 Given

23 Oct 2018
Pure economy hotelier

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Whitbread PLC (WTB:LON) | 2,810 -1039.7 (-1.3%) | Mkt Cap: 4,954m
- Published:
23 Oct 2018 -
Author:
Jie Zhang -
Pages:
3 -
H1 revenues were £1.1bn (+2.6% yoy) and underlying operating profit came in at £286m (+2.9% yoy), both below consensus expectations. Costa is now reported as a discontinued operation, statutory profit for the period increased by 3.5% to £47m. The Costa deal (£3.9bn) with Coca-Cola has been approved by the shareholders and is now waiting for regulatory approval in the EU and China. More detail of the growth plan will be released in February 2019. Outlook for 2019 Given