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Premier Inn owner Whitbread warns on impact of UK property taxWhitbread warned that UK budget measures will cost the Premier Inn owner £40-50 million next fiscal year due to increased business rates on...- European stocks inch up after mixed earningsToday, European stocks experienced a modest uptick as investors sift through a mixed bag of corporate earnings. This rebound follows recent...
- UK equities drop after hotter than expected inflation dataData showed British annual consumer price inflation was hotter-than expected in September, while the core inflation fell less than expected...
- Tanzanian novelist Abdulrazak Gurnah wins the Nobel Prize for literatureThe Nobel prize recognised Gurnah's "uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee...
- DIL extends partnership with Costa Coffee; gets developmental rights for 5 years:While in 2018, Coca-Cola acquired Whitbread Plc-owned UK cafe chain Costa Coffee in a global $5.1-billion buyout, in India Costa Coffee has...
- UK firms seek staff after lockdown but foreign workers missing, shows surveyJob adverts on Adzuna jumped to 987,800 in the first week of May, up by 18% from the end of March, which was before the reopening of non-es...
- InterContinental Hotels cuts 10% of corporate staff as revenue and profit slideThe job cuts, announced internally in July, follows similar moves by major hotel operators.
- Coca-Cola sits down for stake talks over coffee with CCDCoke is looking to mitigate aerated soft drinks business risks, enter popular segment.
- Coke brews an instant coffee rivalry with $5.1 billion Costa buyCosta Coffee in India is operated by rival PepsiCo’s biggest & long-standing bottling partner RJ Corp
- European shares slide on trade war threats, Whitbread soars on Coca-Cola dealWhitbread aside, there were many substantial falls across the European market.
- Samhi Hotels to acquire British chain Premier Inn’s businessThe proposed buyout of five Premier Inn budget properties, totalling 583 rooms, will make Samhi Hotels the largest independent owner of lod...
- Whitebread's withdrawal from Premier Inn will not impact Costa Coffee"The withdrawal does not in any way impact Costa Coffee’s India business. Our association with Costa Coffee remain unchanged,” Ravi Jaipuri...
- Brexit's made Britain a whole lot cheaper for touristsOf course, there are a lot of complications to wade through following Brexit. It's no small matter that there's potential for a recession, ...
- Premier Inn eyes four properties in India by 2016-17"We currently have three properties with 347 rooms in India and going forward we have four additional properties in pipeline by 2016-17, wi...
- Starbucks plans bigger push into smaller China citiesStarbucks, which dominated China's coffee market with a 66.3% share in 2010,will have 1,500 stores in more than 70 Chinese cities by 2015.
- UK's Whitbread to invest Rs 535 cr on hotels in India by 2020Whitbread on Tuesday said it will invest 75 million pounds (over Rs 535 crore) in India by 2020 to fund its hotels business in the country.
- Premier Inn buys out JV stake of Emaar MGFUK's budget lodging chain bought out its Indian joint venture partner Emaar MGF, after 3 yrs went without any progress in building its popu...
- Hotel shares in Europe join the partyShares of European hotel companies rose after Hilton Hotels agreed to be taken private by Blackstone Group for $20 billion, fueling specula...
- Global majors to check into budget segmentGlobal hospitality chains like Accor, Wyndham and Whitbread, among others are targeting the growing price-conscious Indian middle class cus...
- Global hospitality majors make beeline for IndiaGlobal hospitality majors like Dawnay Day, Whitbread, Jumeirah, Golden Tulip, Istithmar and Mandarin Oriental are exploring plans of enteri...
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