Brief: Whitbread To Cut Around 3,800 Roles In UK & Ireland

Whitbread

30/04/2026 07:26

April 30 (Reuters) - Whitbread PLC WTB.L:

OUTCOME OF BUSINESS REVIEW

ANNOUNCES REFOCUSED GROWTH PLANS IN UK AND GERMANY TO DRIVE MARGINS AND RETURNS

EXPECTS £2 BILLION OF FREE CASH FLOW FOR SHAREHOLDER RETURNS BY FY31

TO REDUCE NET CAPITAL INVESTMENT BY OVER £1 BILLION AND RECYCLE £1.5 BILLION OF PROPERTY

TO REDUCE GROSS CAPEX BY £1 BILLION AND NET CAPEX BY OVER £1 BILLION BY FY31

INCREASES COST EFFICIENCIES TARGET TO £250 MILLION BY FY31

PLANS REDUCTION OF AROUND 3,800 ROLES IN UK AND IRELAND

EXPECTS GERMANY TO TURN CASH FLOW POSITIVE IN FY29

EXPECTS £40 MILLION REDUCTION IN ADJUSTED PBT IN FY27 FROM RESTAURANT TRANSITION

EXPECTS £275 MILLION INCREMENTAL ADJUSTED PBT CONTRIBUTION FROM GROWTH INITIATIVES BY FY31

Source text: ID:nRSd4871Ca

Further company coverage: WTB.L

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