Whitbread PLC

Whitbread is a hospitality company. Co. serves its customers in the U.K. and beyond through its two businesses: Premier Inn and Restaurants; and Costa. Premier Inn is a hotel business, with over 760 hotels and more than 68,000 rooms as of Mar 2 2017. Co.'s hotel are located alongside its own restaurant brands. Co. also have hotels in the Middle East, and Germany, with more hotels in the pipeline. Costa is the coffee shop, with over 2,200 coffee shops in the U.K., over 1,300 stores in 29 international markets and over 6,800 Costa Express self-serve units as of Mar 2 2017.
  • TickerWTB
  • ISINGB00B1KJJ408
  • ExchangeLondon Stock Exchange
  • SectorTravel & Leisure
  • CountryUnited Kingdom
Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

...

Fehmi Ben Naamane ...
  • Matthias Desmarais

Whitbread : An 80% decline in organic growth in Q1; a timorous resumption of activity

>An 80% decline in revenues in Q1 - This morning, Whitbread published a trading update on Q1, to end-May, which implies an almost total impact from the ongoing pandemic. This comes as no surprise, with the operational performance heavily impacted by the effects of COVID-19 and the massive closure of hotels in the UK. Organic growth was down by close to 80% over the quarter (F&B and hotels both down 80%).A timorous resumption of activity - The hotel a...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

...

Fehmi Ben Naamane ...
  • Matthias Desmarais

Whitbread : Baisse de 80% de la croissance organique au T1 ; reprise timide de l’activité

>Baisse de 80% des Revenus au T1 - Whitbread publie ce matin un trading update sur ses activités au T1, à fin mai, ce qui implique un impact quasi-plein de la pandémie en cours. Pas de surprise, la performance opérationnelle est lourdement impactée par les effets de la crise COVID-19 et les fermetures massives d’hôtels au Royaume-Uni. La croissance organique groupe ressort en baisse de près de 80% sur le trimestre (F&B et hôtellerie sont tous les deux en baisse de 80%...

Expert Corporate Governance Service (ECGS)

Whitbread - AGM 07 July 2020

In June 2020, the Company accomplished a costly rights issue to raise gross proceeds of approximately £1,009 million amid Covid-19 distressed market conditions corresponding to a capital increase of 46%. Earlier in FY19/20, Whitbread untimely returned £2.5bn proceeds from Costa disposal to shareholders and cancelled 49m shares (c. 25% of the capital). Item 8: Re-elect Mr. Frank Fiskers ECGS has serious concerns over the executive remuneration since last year which have not been addressed. The new policy, and a new scheme of restricted share award to executive instead of performance-based LTI...

Jérôme VINERIER

Short term view - WHITBREAD PLC : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at 4,802.00 p. Breaking below the support at 3,882.00 p would invalidate the trend.

Jérôme VINERIER

Analyse court terme - WHITBREAD PLC : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 4 802,00 p. La rupture du support à 3 882,00 p invaliderait cette tendance.

Jérôme VINERIER

Short term view - WHITBREAD PLC : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at 4,284.00 p. A break below 3,882.00 p would challenge the trend.

Jérôme VINERIER

Analyse court terme - WHITBREAD PLC : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 4 284,00 p. La tendance serait remise en cause par la rupture de 3 882,00 p.

Valérie GASTALDY

Medium term view - WHITBREAD PLC : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at 4,595.00 p and 5,049.00 p. The trend would be invalidated below the support at 3,124.00 p.

Whitbread Plc: 1 director subscribed to/bought

A director at Whitbread Plc subscribed to/bought 1,505 shares at 1,500p and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

...

Fehmi Ben Naamane ...
  • Matthias Desmarais

Whitbread : An 80% decline in organic growth in Q1; a timorous resumption of activity

>An 80% decline in revenues in Q1 - This morning, Whitbread published a trading update on Q1, to end-May, which implies an almost total impact from the ongoing pandemic. This comes as no surprise, with the operational performance heavily impacted by the effects of COVID-19 and the massive closure of hotels in the UK. Organic growth was down by close to 80% over the quarter (F&B and hotels both down 80%).A timorous resumption of activity - The hotel a...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

...

Fehmi Ben Naamane ...
  • Matthias Desmarais

Whitbread : Baisse de 80% de la croissance organique au T1 ; reprise timide de l’activité

>Baisse de 80% des Revenus au T1 - Whitbread publie ce matin un trading update sur ses activités au T1, à fin mai, ce qui implique un impact quasi-plein de la pandémie en cours. Pas de surprise, la performance opérationnelle est lourdement impactée par les effets de la crise COVID-19 et les fermetures massives d’hôtels au Royaume-Uni. La croissance organique groupe ressort en baisse de près de 80% sur le trimestre (F&B et hôtellerie sont tous les deux en baisse de 80%...

Anthony Dick ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Johanna Jourdain
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 06/19/2020

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Whitbread - AGM 07 July 2020

In June 2020, the Company accomplished a costly rights issue to raise gross proceeds of approximately £1,009 million amid Covid-19 distressed market conditions corresponding to a capital increase of 46%. Earlier in FY19/20, Whitbread untimely returned £2.5bn proceeds from Costa disposal to shareholders and cancelled 49m shares (c. 25% of the capital). Item 8: Re-elect Mr. Frank Fiskers ECGS has serious concerns over the executive remuneration since last year which have not been addressed. The new policy, and a new scheme of restricted share award to executive instead of performance-based LTI...

Expert Corporate Governance Service (ECGS)

Whitbread - EGM 06 December 2019

The general meeting is called to approve a new remuneration policy (Item 1) and a restricted share plan (Item 2). Summary of key changes: New restricted share plan: the award will not be subject to performance conditions but to performance underpin. The maximum restricted share award reduced to 125% (110% for Finance Director and Human Resources Director) of base salary. Increase of the annual short term incentive up to 200% of base salary (in exceptional circumstances). Reduced pension from 25% to 15% within the next three years. Increased shareholding requirement and introduction of...

Expert Corporate Governance Service (ECGS)

Whitbread 19 June 2019

Item 2: Approve the Remuneration ReportAlthough the remuneration structure was previously considered satisfactory, the changed situation for long-term incentive pay means that it is no longer considered acceptable. The new LTI awards exceed guidelines, are transaction-based and are overly dependent on the discretion of the remuneration committee. Furthermore, there will be no long-term incentive pay in 2019. Actual incentive pay for the year was excessive. We recommend shareholders oppose.EGM Items 1 - 4: Return of Value to Shareholders The Company is seeking to return value to shareholders. ...

Whitbread – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

proxy report 27/06/2018

Demerger of Costa Following pressure from activist shareholders, the Company has announced that it is planning to spin off its Costa Coffee chain form the rest of the business. The Company

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