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Whitbread Posts Pretax Loss In FY; Sales Down 71.4%

Whitbread Posts Pretax Loss In FY; Sales Down 71.4%
DUNSTABLE (dpa-AFX) - Whitbread PLC (WTB.L) reported a statutory loss before tax of 1.01 billion pounds for the 52 weeks to 25 February 2021 compared to profit of 280.0 million pounds, prior year. Loss per share was 481.9 pence compared to profit of 124.7 pence. Adjusted loss before tax was 635.1 million pounds compared to profit of 358.3 million pounds. Loss per share before adjusting items was 287.6 pence compared to profit of 165.4 pence.
Fiscal year statutory revenue from continuing operations declined to 589.4 million pounds from 2.07 billion pounds, previous year.
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© 2021 AFX News ....

HSBC and BP profits jump; flexible working demand surges – business live

Nomura and UBS take global banksâ Archegos hit to $10bn
Todayâs news from UBS and Nomura take global banksâ total losses related to the collapse of Bill Hwangâs Archegos Capital Management to around $10bn.
The $10bn total includes the likely damage expected in the April-June quarter as remaining positions are wound up, as well as the many billions already lost.
Itâs an astonishing trail of damage caused by a single, obscure family office which managed to take huge, leveraged bets on media and tech stocks, before imploding in March.
The Japanese bank [Nomura] booked about 245.7 billion yen ($2.3 billion) of losses in the three months ended March 31, driving the bank to its biggest quarterly loss since 2009, and will take another hit of about 62 billion yen this fiscal year. UBS Group AG, which hadnât previously signaled any Archegos impact, said it sees a combined hit of about $861 million through the second quarter. ....

Stock Markets , Energy Industry , Euro Zone , ஸ்டாக் சந்தைகள் , ஆற்றல் தொழில் , யூரோ ஸோந் ,

Hotel giant Whitbread fast-tracks its net zero timeline by 10 years

Hotel giant Whitbread fast-tracks its net zero timeline by 10 years
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Owner of Premier Inn hotels accelerates its timeline for decarbonising its operations, vowing to achieve net zero by 2040
Hospitality giant Whitbread has announced it now plans to reach net zero emissions across its operations and its extensive estate of hotels, restaurants, and pubs by 2040, bringing forward a previous commitment by 10 years. ....

United Kingdom , Alison Brittain , Kwasi Kwarteng , Premier Inn , Brewers Fayre , United Kingdom Owned , Secretary Kwasi Kwarteng , ஒன்றுபட்டது கிஂக்டம் , அலிசன் பிரிட்டன் , ப்ரிமியர் சத்திரம் , மதுபானம் தயாரிப்பாளர்கள் ஃபேர் , ஒன்றுபட்டது கிஂக்டம் ஓஂட் ,

Jobs round-up: JDW, Whitbread, Diageo and Drake & Morgan

Greene King revives team member support fund for third lockdown
Brewer and pub operator Greene King has launched a new Covid emergency support fund using voluntary salary sacrifices from its executive board and leadership team alongside a company donation in order to help its team members during lockdown three.
The new team member support fund mirrors the first edition which ran from March to June 2020, through which Greene King donated £650,000 in grants for team members to access essential food and retail vouchers.
Once again, the fund will again be managed independently by Licensed Trade Charity.
“It’s a really tough start to 2021, back into lockdown and all of our pubs closed,” Nick Mackenzie, CEO at Greene King, said. “Most of our team members are furloughed, and we know how severely this is affecting some of our people financially, so we wanted to bring back the team member support fund to help the members of our team who need it most at this rea ....

United States , United Kingdom , City Of , James Sherrington , Nick Mackenzie , Kathryn Mikells , David King , Ivan Menezes , Karen Jones , Jillian Maclean , James Croft , Mark Mcginty , Drake Morgan , Gerry Carroll , Lavanya Chandrashekar , Lei Group , Greene King , Business Council , Better Council , Pub Company , Nlicensed Trade , Morning Advertiser , Build Back Better , Prime Minister , Clarion Events , Vue Entertainment ,

How many redundancies has Whitbread made due to coronavirus?

The parent company of Beefeater, Brewers Fayre and Premier Inn confirmed 1,500 job losses in its latest trading update – just over 4% of its 36,000 staff. ....

United Kingdom , Alison Brittain , Covid Corporate Financing Facility , Other Operators , Pubco Head Office , ஒன்றுபட்டது கிஂக்டம் , அலிசன் பிரிட்டன் , அதர் ஆபரேட்டர்கள் ,