UK's Whitbread falls after restaurant transition plan

Whitbread

30/04/2026 08:46

** Shares of Premier Inn owner Whitbread WTB.L down 6.79% at 2,224, among top losers on London's FTSE 100 .FTSE

** Co plans to transition remaining branded restaurants to an integrated food and beverage offer

** WTB expects 40 million pounds ($53.94 million) reduction in adjusted profit before tax in FY27 as part of the transition

   ** Co expects to cut around 3,800 roles in UK & Ireland as part of the transition
** Up to Wednesday's close, stock had fallen 15.45%, compared with a 2.95% YTD rise in FTSE

($1 = 0.7415 pounds)

 (Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com, +919920570373))