Positive holiday report boosts Whitbread shares

Article Abstract:

Whitebread PLC, a major UK brewer, reported strong sales on the eve of Christmas. Whitebread's statements helped strengthen its stock and increase market confidence in the brewing industry.

Sales & consumption, Financial analysis, Statistical Data Included, Brief Article

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Whitbread's pub-sector sales decline. (Whitbread PLC)

Article Abstract:

Brewing and restaurant services giant Whitbread PLC reports lower earnings for the Christmas season, due to poor sales at company run beer clubs and restaurants. Other divisions of the brewing giant made up for the shortfall. December 1998 sales were ahead of last year's figures.

Comment:

Brewing giant Whitbread PLC reports lower earnings for the Christmas season.

Market information - general, Malt beverages

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Whitbread's pretax earnings rise 3%

Article Abstract:

Whitbread PLC posted an improvement of 3% in its yearly profit. The company also stated that it was looking into the possibility of reacquiring up to 10% of its shares if a proposed deal with Allied Domecq PLC falls through. Whitbread is planning to acquire Allied Domecq's pubs. The company posted a rise in pretax profits to 365.3 million pound sterling ($594.9 million) for the year ending on February 27, 1999.

Comment:

Posts improvement of 3% in profits for 1998 year

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