Whitbread (WTB)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

3,145.00p
   
  • Change Today:
      26.00p
  • 52 Week High: 3,678.00p
  • 52 Week Low: 2,996.00p
  • Currency: UK Pounds
  • Shares Issued: 183.64m
  • Volume: 600,095
  • Market Cap: £5,775m
  • RiskGrade: 219

Whitbread to cut 6,000 jobs as Covid-19 batters sales

By Frank Prenesti

Date: Tuesday 22 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Hotel and restaurant chain Whitbread said it was cutting 6,000 jobs after suffering a slump in trading due to the coronavirus pandemic.
The Premier Inn owner announced the 18% cut in its workforce as like-for-like sales plunged by more than 77% as it felt the full force of the lockdown from March to June August UK total sales improved to be 38.5% down year-on-year.

The cuts come as the UK government prepares to announce that pubs and restaurants must close at 10pm, in an attempt to slow the spread of Covid-19.

Whitbread also owns Brewers Fayre, Beefeater and Table Table restaurants, while operating around 800 Premier Inns across the country.

"With market demand expected to remain at lower levels in the short to medium-term, we have now taken the very difficult decision to announce our intention to enter into consultation on proposals that could result in up to 6,000 redundancies for our hotel and restaurant colleagues," Whitbread said in a statement.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Whitbread Market Data

Currency UK Pounds
Share Price 3,145.00p
Change Today 26.00p
% Change 0.83 %
52 Week High 3,678.00p
52 Week Low 2,996.00p
Volume 600,095
Shares Issued 183.64m
Market Cap £5,775m
RiskGrade 219

Whitbread Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.97% below the market average53.97% below the market average53.97% below the market average53.97% below the market average53.97% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Price Trend
1.33% below the market average1.33% below the market average1.33% below the market average1.33% below the market average1.33% below the market average
1.82% below the sector average1.82% below the sector average1.82% below the sector average1.82% below the sector average1.82% below the sector average
Income
10.21% above the market average10.21% above the market average10.21% above the market average10.21% above the market average10.21% above the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average
Growth
77.86% above the market average77.86% above the market average77.86% above the market average77.86% above the market average77.86% above the market average
43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average

What The Brokers Say

Strong Buy 7
Buy 8
Neutral 4
Sell 1
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Whitbread Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-24 02-Nov-23
Paid 05-Jul-24 08-Dec-23
Amount 62.90p 34.10p

Trades for 17-May-2024

Time Volume / Share Price
16:35 274,421 @ 3,145.00p
16:35 4 @ 3,145.00p
16:35 459 @ 3,145.00p
16:35 388 @ 3,145.00p
16:35 3,162 @ 3,145.00p

Whitbread Key Personnel

Chair Adam Crozier
CFO Hemant Patel
CEO Dominic Paul

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