Whitbread to cut nearly 4,000 jobs in £2bn cost saving plan Hospitality Whitbread is to slash nearly 4,000 jobs as part of plans to offload restaurants and sell off the freehold rights to its hotels, in a bid to raise £2bn. Shares in the company slipped on Thursday after it announced the plans to raise £1.5bn by selling off the freehold rights to a raft of its [...]
Whitbread hopes to win back investors with £1.5bn property sell-off Hospitality Premier Inn owner Whitbread will hope to win back investors when it announces a £1.5bn sell-off of a shedload of its property portfolio on Thursday. The FTSE 100 giant is gearing up for its full-year results later this week, and aims to please its investors with a cash injection to turn the corner on a [...]
Labour must remember investors when reforming leasehold Opinion Given that many properties are directly or indirectly owned by pension funds, getting leasehold reform wrong risks destabilising the property markets, transferring value to foreign investors and undermining the UK’s attractiveness, says Natalie Chambers The government’s rhetoric on harnessing institutional capital as a driver for economic growth is welcome. In the coming months, the government [...]